The US Dollar (DXY) has strengthened as market sentiment improves, fueled by growing optimism about Trump's potential to regain legislative control. Meanwhile, Gold (XAU) prices have retreated from key resistance levels, driven by overbought market conditions. The Euro (EUR) is facing pressure against the US dollar, with traders awaiting upcoming European economic data for further direction.
Petro Matad Limited's stock price rose by 2.00% on Tuesday, November 12, 2024, moving from 2.50p to 2.55p. This marks the third consecutive day of gains for the stock. It will be interesting to see if this upward momentum continues or if the stock takes a short pause in the coming days. On the last trading day, the stock experienced an 8.51% fluctuation, with a low of 2.35p and a high of 2.55p. Over the past 10 trading sessions, the price has increased in 7 of them, gaining 13.84% in the last two weeks.
Online car retailer Cazoo (CZOO) has been ripping higher in the past two trading sessions. The underlying exchange operator halted trading multiple times on Thursday. CZOO stock features a tiny float, possibly inviting speculation.
In this article, we will explore some of the most reliable and widely-used economic calendars for Forex traders, evaluating their features, ease of use, and the value they provide in keeping traders ahead of the market. Whether you're a day trader, swing trader, or long-term investor, having access to the right economic calendar can help you anticipate market moves and make smarter trading decisions.
Technical trading strategies for day traders rely on technical analysis tools to identify short-term market opportunities. By mastering these strategies, traders can better match their approach to their unique trading style and risk tolerance. In this article, we will explore several key technical trading strategies for day traders and provide guidance on how to effectively implement them in your own trading.
Bitcoin price has broken the $79,000 price level for the first time and many traders are sharing the sentiment that "this is just the beginning."
The gearing ratio is an important metric for investors, traders, and anyone in the financial sector, as it provides valuable insights into a company’s financial stability. Below, we'll explain what the gearing ratio is, how it aids traders and investors, and the method of its calculation.
SP500 is flat as traders focus on the upcoming U.S. elections. NASDAQ made an attempt to settle below the 20,000 level. Dow Jones found itself under pressure at the start of the week.
The US Dollar Index (DXY) experienced heightened volatility in the aftermath of the US presidential election, initially spiking to multi-month highs before easing due to profit-taking. Investors are still digesting the implications of Trump's victory, alongside the Federal Reserve's decision to cut interest rates by 25 basis points.
Short positions below 0.6480 with targets at 0.6440 & 0.6420 in extension.
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Short positions below 155.25 with targets at 153.75 & 153.25 in extension.
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Short positions below 1.2665 with targets at 1.2580 & 1.2550 in extension.
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Short positions below 1.0580 with targets at 1.0500 & 1.0475 in extension.
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