New Zealand Dollar Technical Analysis: Buy the Rumor, Sell the News Around RBNZ? Setups in NZD/JPY, NZD/USD
It feels like déjà vu for the Kiwi.
Siemens Energy Cuts Management Layers, Revamps Segment Reporting
FRANKFURT, May 24 Reuters Siemens Energy on Tuesday said it would reduce management posts by about a third and provide investors with more detail of its business in a bid to become more transparent and nimble. The company, which on Saturday announced a 4.05 billioneuro 4.32 billion bid for the remaining stake in wind turbine unit […]
SoftBankBacked Logistics Firm Delhivery Valued at 4.9 Billion in India Debut
BENGALURU, May 24 Reuters Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6 in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees 4.89 billion. The Gurugrambased company39;s services include parcel transportation, warehousing, crossborder and supply chain services to more than 23,000 customers, […]
Oil Rises; Tight Supply Counters Economy Fears, China Curbs
IMF chief says she cannot rule out recession Beijing ramps up COVID quarantine German minister expects EU embargo on Russian oil 39;in days39; Coming up API supply report, 2030 GMT LONDON, May 24 Reuters Oil edged higher on Tuesday, recovering earlier losses, as tight global supply and an expected pickup in demand during the U.S. […]
Oil Possibly Locked in the 100130 Range for Years
Crude oil has added for the fourth consecutive trading session. However, the rise in quotes has been tempered by comments from the German economy minister, claiming that the EU could agree on an embargo on Russian oil within days. However, movements in oil have become more subdued not only because the embargo topic has been […]
Harami Candlestick Patterns: A Trader’s Guide
The Harami candlestick pattern is used in forex trading to identify trend reversals or extensions.
Yen Technical Outlook: USD/JPY Plunge Threatens Larger Correction
US Dollar is poised for a third weekly decline against the Japanese Yen with USD/JPY off more than 3.7% from the highs. Levels that matter on the technical charts.
Pivot Point Strategies for Forex Traders
An FX pivot point strategy allows you to spot levels to develop a bias and potential profit targets.
ECBs Lagarde Boosts Euro as Dollar Nurses Wounds
LONDON, May 24 Reuters The euro rose to a onemonth high on Tuesday after European Central Bank President Christine Lagarde said interest rates in the euro zone will likely be in positive territory by the end of the third quarter. Traders cut short bets on the single currency as Lagarde39;s comments combined with resilient business […]
Russian Rouble Firms Past 57 to Dollar for First Time in 4Y
May 24 Reuters The Russian rouble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted by exportfocused companies selling foreign currency to pay taxes and shrugging off a slight easing of capital controls. The rouble has firmed about 30 against the dollar this year despite a fullscale economic crisis in […]