Rare earths make gains amid battle to beat China’s dominance
Shares of U.S.-listed companies related to the rare earth supply chain climbed on Monday.
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Transportation Secretary Duffy says Musk’s SpaceX is behind on moon trip and he will reopen contracts
Duffy said he will open the contract to other space companies that can help get to the moon quicker as it races against China. -
Amazon Web Services outage hits airlines, disrupting check-in
Delta Air Lines and United Airlines weren’t working fully in Monday’s disruption of Amazon Web Services, a backbone of many sites. -
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7893; (P) 0.7916; (R1) 0.7958; More… Range trading continues in USD/CHF and intraday bias stays neutral. Further decline is expected as long as 0.7984 resistance holds. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984 will suggest that corrective […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7893; (P) 0.7916; (R1) 0.7958; More… Range trading continues in USD/CHF and intraday bias stays neutral. Further decline is expected as long as 0.7984 resistance holds. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984 will suggest that corrective […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
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Markets Edge Higher as Shutdown Deal Hopes Lift Sentiment
Global markets traded with a mildly positive tone as investors entered the U.S. session on Monday, buoyed by some optimism that the prolonged government shutdown could end within days. U.S. top White House economic adviser Kevin Hassett said on CNBC that a resolution was “likely to end sometime this week,” citing signals from the Senate […]
The post Markets Edge Higher as Shutdown Deal Hopes Lift Sentiment appeared first on Action Forex.
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Markets Edge Higher as Shutdown Deal Hopes Lift Sentiment
Global markets traded with a mildly positive tone as investors entered the U.S. session on Monday, buoyed by some optimism that the prolonged government shutdown could end within days. U.S. top White House economic adviser Kevin Hassett said on CNBC that a resolution was “likely to end sometime this week,” citing signals from the Senate […]
The post Markets Edge Higher as Shutdown Deal Hopes Lift Sentiment appeared first on Action Forex.
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White House Economic Advisor Hassett says shutdown could end this week
The government shutdown is dragging on with no clear end in sight amid a partisan Senate fight over health tax credit funding and other sticking points. -
WTI hovers near five-month lows with bearish momentum intact
West Texas Intermediate (WTI) Crude Oil continues to lose ground on Monday, pressured by a firmer US Dollar (USD) and persistent concerns over weakening global demand. -
USDCHF Technicals: USDCHF sitting between swing areas to start the new trading week
The USDCHF is trading in a narrow 21 pip range to start the new trading week. That range has the pair trading between swing levels with 0.7938 to 0.7951 on the topside and 0.7911 and 0.7921 on the downside. The high today reached 0.7943 and the low at 0.7922.
Traders will be looking for a break of either of the swing level to give traders in the short term some sort of advantage.
If I were to put a tilt in the bias, the sellers would hold the edge. The price is below the 100/200 hour MAs after peaking on Thursday October 9 near prior swing highs going back to end of August to early September (between 0.8071 and 0.8076). The price last week reached a peak at 0.8057 on Monday before racing lower and bottoming at 0.7871 on Friday. That low stalled at a prior low from September 18.
This article was written by Greg Michalowski at investinglive.com.
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