Author: Neversettleclub

Created on March 10, 2025 Bullish viewBuy the AUD/USD pair and set a take-profit at 0.6400.Add a stop-loss at 0.6250.Timeline: 1-2 days.Bearish viewSet a sell stop at 0.6285 and a take-profit at 0.6200.Add a stop-loss at 0.6400.The AUD/USD exchange rate moved sideways even as the US dollar index (DXY) plunged to the lowest swing in months. It was trading at the psychological point at 0.6300, up slightly from this month’s low of 0.6200. It has underperformed other currency pairs like the GBP/USD and EUR/USD. US dollar index crash continuesThe AUD/USD pair rose slightly as the US dollar index crash gained…

CNBC’s Eamon Javers joins ‘Fast Money’ to talk the latest out of Google’s antitrust case.

It’s easy to abandon your trading plan in favor of maximizing your wins when the market is going your way and doing it in hyperspeed. But unless you have rock-solid discipline, your wins will be spotty at best. You might even lose your profits to bad trading decisions! Here are points to remember to help you become consistently profitable: 1. Scaling in and out is a risk management tool Scaling into winning positions helps prevent FOMO and helps maximize profits while your trade idea is still valid. Just remember that the more you add to a position, the bigger the…

There is arguably just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0480 level. But given the state of play in markets, I don’t see the expiries here as being one that has much of any effect. The pair is once again running up against key resistance at 1.0500 with the 100-day moving average at 1.0517 adding to the upside defense. Those are the more important levels to watch out for now in the pair.So, the expiries might not have much influence with traders continuing to eye more trade and geopolitical…

By Huzefa Hamid Reviewer Adam Lemon Fact-checker DailyForex.com Team Created on February 06, 2025 The ongoing popularity of Forex trading, which is quickly approaching $10 trillion in daily turnover, offers life-changing opportunities to tens of millions of Forex traders globally. The low capital requirements, ease of access, and 24/5 nature of the Forex market attract tens of thousands of new Forex traders monthly.Regrettably, its popularity also attracts scammers who prey on the untrained minds of beginners. Forex scam recovery services aim to help scammed traders, but I want to caution that many are scams themselves. My review provides you with…

S&P technicalsThe S&P 500 dipped below its 200-day moving average yesterday for the first time since November 1, 2023. That key level currently sits at 5732.91. While the index traded below it intraday, it managed to close just above at 5738.52, avoiding a more definitive breakdown.In early trading today, price action remains volatile around this key technical level. The index is currently trading below at 5730.49, down -7 points (-0.11%). A daily close below the 200-day moving average would strengthen the bearish outlook heading into the weekend.On the downside, the next major support zone lies between 5669.67 and 5688.43 (yellow…

Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of resumes and financial information using several models from companies such as OpenAI, DeepSeek and Anthropic. “The innovation is probably not as significant as DeepSeek,“ in our view, Nomura China technology analyst Bing Duan and a team wrote Thursday. “However, we believe this product is yet another example of China’s accelerated AI innovation.”…

Penomo has formed a strategic partnership with Hoovest Financial Group, which collectively administers and manages over $1 billion in assets. This collaboration aims to accelerate institutional capital inflows into tokenized real-world infrastructure, facilitating the connection between asset-heavy renewable energy & physical AI operators and private capital allocators.The global shift towards sustainable energy & physical AI is driving significant capital into projects building & operating physical infrastructure, such as solar, Data Centers & machines, and financing remains the key bottleneck. Traditional financing models for critical physical infrastructure—primarily debt financing and structured equity are often slow, bureaucratic, and capital-intensive. Institutions keen to…

Japanese yen extends rally for a third consecutive day BoJ’s Uchida says rate hikes still on the table despite tariff concerns US nonfarm payrolls expected to edge slightly The has extended its gains on Friday. In the European session, USD/JPY is trading at 147.79, down 0.13% on the day. It was a light calendar in Japan this week but that didn’t stop the yen from taking advantage of a broadly weaker . The yen has posted gains of 1.9% against the US dollar this week and strengthened as much as 147.19 to the dollar, its best level since Sep. 2024.Will…

Created on March 09, 2025 Last Thursday’s rate cut has lowered the ECB deposit rate to 2.5%, its lowest level since December 2022. The central bank has been aggressive in its easing cycle, having cut rates by 185 basis points in just nine months.The ECB rate statement was cautiously optimistic about inflation. Members noted that although “domestic inflation remains high”, underlying inflation is expected to settle close to the 2% target on a sustained basis. The ECB is currently projecting headline inflation of 2.3% and core inflation at 2.2% in 2025, slightly above the 2% target. Analysts are calling today’s…