China Construction News with the report, citing a work conference held by the housing regulator on Tuesday and Wednesday. In summary from the report, overblown adjectives included … Efforts to stabilize and prevent further declines in China’s real estate market will continue into 2025. Plans to reform the commercial housing sales system vigorously. Expansion of […]
According to Vanda Research, Nvidia shares attracted record investments of almost $30 billion in 2024. This has made them the most popular among private investors. As of the end of December, Nvidia shares are on track to overtake the popularity of Tesla shares, which were the leaders in 2023. «Nvidia kind of stole the show […]
False breakout trading. Actual example
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Real false breakout trading is what my Perpetual EA trading robot does. For example, here is its trade made on December 23. Note that at 16:15, there was a good sell signal. We also have a false breakout there. Why didn’t the robot trade this signal? Because, at that moment, it had not yet identified […]
The EUR/USD is edging higher, reaching a new daily high while breaking above the 50% midpoint of the trading range since the September 2022 low, which stands at 1.04053 (see daily chart). On the hourly chart, the pair has been oscillating above and below this midpoint over the past five trading days. Following the FOMC […]
Will the Bank of Japan Intervene?
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Recent media reports have raised concerns about potential intervention by the Bank of Japan due to a significant weakening of the national currency, which has declined by approximately 13% since October. Many banks and investment firms view this as a likely scenario ahead of the Japanese central bank’s meeting in January. Let’s analyze this situation […]
S&P 500 futures are down 0.4% with Nasdaq futures down 0.5% and Dow futures down 0.4% as well. Trading conditions are mired by thin liquidity as we are still in the holiday period for markets. Europe is out for the day and so will Canada, leaving only US markets to open later. But during a […]
Russian Finance Minister Anton Siluanov said that Russian companies have started using bitcoin and other cryptocurrencies in international settlements. This was made possible by changes in legislation aimed at circumventing Western sanctions. Economic restrictions have made it difficult to trade with key partners such as China and Turkey, as local banks avoid transactions with Russia […]
Santa Rally – Opportunity or illusion?
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At this time of the year, investors often turn their attention to a well-known seasonal trend in the stock market: the “Santa Rally.” This phenomenon, characterized by a rise in stock prices during the final weeks of the year, has captured the interest of traders and investors alike. But what exactly is a Santa Rally, […]
Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 317.12 Saudi Riyals (SAR) per gram, up compared with the SAR 315.87 it cost on Wednesday. The price for Gold increased to SAR 3,698.80 per tola from SAR 3,684.20 per tola a day earlier. Unit […]
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 4,904.00 Philippine Pesos (PHP) per gram, up compared with the PHP 4,884.39 it cost on Wednesday. The price for Gold increased to PHP 57,199.34 per tola from PHP 56,970.53 per tola a day earlier. Unit measure […]
Investing.com– Most Asian currencies were lower on Thursday as the dollar remained steady near a two-year high, while the Indian rupee fell to an all-time low. Most markets in the region were closed on Wednesday for Christmas. The was largely steady, while the ticked lower in Asian trade on Thursday. Asian currencies weakened sharply last […]
Bitcoin Price Update and Forecast: Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown: BTCUSD daily chart within the Donchian Channel with RSI Donchian Channel Basis Acting as a Magnet:The basis of the Donchian Channel sits at […]
