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1080 items found for "support and res"

  • EUR/USD trading calm ahead of ECB decision, January 22, 2024

    Consequently, market participants exercised caution, resulting in an overall sense of inertia within Before investors could formulate decisive strategies, it is noteworthy that the economic calendar remained In the realm of the US dollar exchange rate, the probability of a March interest rate cut by the Federal Reserve (Fed), mirroring a similar sentiment in the ECB, has diminished. Market dynamics are expected to play on the hawkish signals from the ECB, likely eliciting a positive response

  • Crypto chaos: Binance battles SEC in court!

    ., on Monday, the legal team representing Binance, the world's largest cryptocurrency exchange, found regulatory rules and engaged in fraudulent activities. by Reuters. These included artificially inflating trading volumes, diverting customer funds, failing to restrict Despite this hefty settlement and the consequential resignation of CEO Changpeng Zhao, who pleaded guilty

  • London Metal Exchange drops the hammer on metal producers – Who's next?

    This primarily concerns entities that have neglected to submit reports regarding the responsible sourcing This encompasses resources extracted through the use of slave labor, particularly involving children, of suspended brands once their respective producers submit delayed reports. It is evident that the LME has been steadfast in its emphasis on transparency and social responsibility such reports was motivated by business considerations, resulted from an oversight, or was a deliberate

  • EURUSD dynamics: Speculations, market sentiment and potential trends, January 22, 2024

    This would result in a deposit rate of 2.5 percent by December. somewhat exaggerated, with their unintended consequence potentially hindering the effectiveness of a restrictive In the currency market, the main EURUSD pair has witnessed recent declines. This pattern suggests a potential rebound. All indications point to the resolution of future market movements potentially occurring on the upcoming

  • Next week's economic calendar: Central bank decisions, PMI data, and corporate earnings! January 21, 2024

    Earnings results will be unveiled by notable companies such as Johnson & Johnson, Procter & Gamble, GE , and results on Wall Street will be presented by Tesla, ASML, IBM, and others. Financial results from companies like Visa and Intel will also be disclosed. In Europe, the ECB will release M3 money supply data for December. On Wall Street, results will be presented by companies such as American Express and several smaller regional

  • Elon Musk's 'Payments' unleashes cryptocurrency frenzy!

    Elon Musk's company, X, has recently introduced an innovative financial feature known as "Payments." This groundbreaking addition to the social media portal's ecosystem is poised to revolutionize the traditional Despite the fact that detailed information regarding the functionalities of the "Payments" account has not been disclosed at this time, X's track record suggests a strong emphasis on user-centric design Furthermore, there has been speculation regarding potential integrations with various cryptocurrencies

  • Forex analysis: USD/CHF, GBP/USD

    skepticism is rooted in the aggressive expectations surrounding potential interest rate cuts by the Federal Reserve Consequently, the outlook for the Swiss Franc in 2024 remains, at best, neutral. This cautious stance takes into consideration the potential resurgence of market uncertainties. lower boundaries of the sideways channel, vividly depicted by the red lines on the graphical representation a buttress for the British currency. its While fortitude may fall short of triggering a substantial resurgence

  • $37 million for Gorman (CEO) from Morgan Stanley

    This marked a notable surge from the $31.5 million he received in 2022, as revealed in a filing by the Notably, Gorman's pay stands out as the highest among major U.S. bank chiefs reported thus far for the details regarding compensation from other rival banks are anticipated in the weeks to come. Additionally, the board recognized Gorman's effective resolution of legal and regulatory matters, influencing Gorman reshaped the firm into a stronger and more balanced institution positioned for long-term growth

  • EU plans €10,000 cash payment limit to counter money laundering

    In the entire European Union, there are plans to impose a limit of €10,000 on cash payments, as reported services, requiring them to conduct thorough checks for transactions exceeding €1,000. The impact of these regulations will extend to the luxury goods industry as well. These entities are entrusted with the responsibility of acting as vigilant guardians against potential While the intention is clear, these proposed regulations are not yet in effect.

  • Success in forex trading with the Pareto Principle

    principle, named after the Italian economist Vilfredo Pareto, asserts that approximately 80% of outcomes result This could involve identifying particular currency pairs that consistently yield positive results, recognizing Time is a finite and invaluable resource in the fast-paced world of forex trading. evaluate their strategies, placing emphasis on the 20% of elements that yield the most significant results This principle serves as a guiding framework for those seeking efficiency, effectiveness, and resilience

  • Silicon Shockwave: EU digs deep into Tech Giants' secrets!

    The European Commission, in a proactive move, has recently dispatched specific information requests to Among the recipients of these requests are major entities such as AliExpress, Amazon Store, AppStore, analysts' access to data of significant relevance. At the core of the DSA is the imposition of greater responsibility on digital service providers. This responsibility manifests in the requirement to actively and efficiently remove harmful online content

  • Shocking twist! Foreign investors pour $6.5 billion into Japanese stocks!

    days of June, underscoring the growing attractiveness of Japanese equities on the global stage, as reported The blue-chip Nikkei 225 Stock Average experienced a remarkable ascent of 6.6% during the past week, This surge added to the impressive annual advance of 28%, reinforcing the positive sentiment surrounding Yasuda's projections are grounded in the observation that the recent surge in the gauge's value resembles This forecast, if realized, could mark a significant milestone for the Nikkei 225 and further solidify

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