That's the widespread assessment on the early information filtering through about the ByteDance decision on Oracle's bid.
Microsoft is out of the race:
ByteDance rejects MicroSoft's offer for TikTokNY
Instead it appears ByteDance has favoured a business partnership with Oracle. Bloomberg report
Kindly like the ideas if it is helping you and leave a comment, it will support me and provide a motive to keep posting new profitable trading ideas for you 😉⠀ Analysis of #USDJPY here we have a pennant pattern with a confirmed break of trend line support which indicates
Daily Pivots: (S1) 139.67; (P) 139.99; (R1) 140.34;
Intraday bias in GBP/JPY stays neutral first. Further rally is mildly in favor as long as 137.84 support holds. Decisive break of 140.20 will target 100% projection of 123.94 to 135.74 from 129.27 at 141.07. However, break of 137.84 will indicate s
Daily Pivots: (S1) 105.78; (P) 106.17; (R1) 106.38;
USD/JPY is still bounded in range despite some volatility in early US session. Intraday bias remains neutral for the moment. On the upside, break of 107.05 will revive the case of near term reversal and bring stronger rally. On the downside, break
Year-to-date new home sales total 450,000. That is the 6th consecutive increase January through July.
Comparisons Gone Haywire
Seasonally adjusted annualized (SAAR), New Home Surged to a 13-Year High With the Midwest Leading the Way.
By Region Month-Over Month Percentages
Price has surged upward and momentum has slowed a bit so a Fibonacci retracement is always my go to. Im expecting price to retrace to at least 50% and of course we have quite a bit of confluence in that area so It has to be the most optimal entry point. If price hasnt made its fin
Overall, USD/CAD is trending downwards. The Canadian retail sales m/m data released last Friday indicated an increase in consumer spending in June with the reopening of economies in Canada.
Core Retail Sales m/m (Actual: 15.7%, Forecast: 14.5%, Previous: 11.8% revised fr
Sri Lanka's central bank left its key rates unchanged on Thursday after cutting it by 100 basis points last month.
The Monetary Board of the Central Bank of Sri Lanka decided to hold the Standing Deposit Facility Rate at 4.50 percent and the Standing Lending Facility Rate at 5.50 percent.
Early Tuesday morning, at 01:30 GMT, the Reserve Bank of Australia (RBA) will release minutes of the latest monetary policy meeting held during the early-August.
The RBA’s August month monetary policy meeting matched wide market forecasts of no rate cut and an intact bond-buying program. However, th
EUR/GBP witnessed some selling on Thursday amid a pickup in the British pound.
Not so dovish BoE monetary policy statement provided a modest lift to the sterling.
The bid tone surrounding the shared currency might help limit any deeper losses.
The British pound picked up some pace post-BoE announce
AUD - Australian Dollar
The Australian dollar maintained its upward momentum through trade on Monday, pushing back above 0.71 amid broad based US dollar weakness. Having opened below 0.7090 the AUD climbed steadily throughout the day marching back toward 0.7150 and intraday highs at 0.7151. Despite
USD/CHF trades southwards near the lowest since March 10.
Oversold RSI can trigger the pair’s bounce off a descending trend line from March 30.
Bulls may refrain entries, even for short-term, unless witnessing a daily close past-21-day SMA.
USD/CHF stays offered around 0.9320, down 0.12% on a day,
- Hang Seng rises amid strength in the tech sector, Tencent jumps over 5% after Nasdaq rise
- Shanghai Composite trades flat during morning after over 3% gain during prior session; Financials decline, while Industrials gain
- Consumer Discretionary, Energy and Financial firms are amon
Photo: Match-Trade Technologies
Entrepreneurs have long been looking for a way to do business that would no longer require a lot of commitment or a significant investment at the beginning.
The one that starts generating profits after only a few months and would be pandemic-proof so it can develop
Following the release of the Chinese economic releases, especially the Q2 growth numbers, the country’s President Xi Jinping came out on the wires, expressing his take on the economic outlook, per Xinhua news agency.
Xi said that the fundamentals of China's long-term sound economic growth have not c