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Trade ideas thread – Monday, 6 January, insightful charts, technical analysis, ideas

by Chafik RifkyForexLeave a Comment on Trade ideas thread – Monday, 6 January, insightful charts, technical analysis, ideas


High risk warning:

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and exposure to loss. Before deciding to trade forex, carefully consider your investment goals, experience level and risk tolerance. You could lose some or all of your initial investment; don’t invest money you can’t afford to lose. Educate yourself about the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning:

FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and potential clients and does not endorse the opinions or recommendations of blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analyzes offered on blogs or other information sources in the context of the client’s or prospect’s individual analysis and decision-making. None of the blogs or other sources of information can be considered as records. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and potential clients to carefully review all claims and statements made by advisors, bloggers, money managers and system providers before investing any funds or opening an account with any Forex dealer. . Any news, opinion, research, data or other information contained on this website is provided on an “as is” basis as general market commentary and does not constitute investment or trading advice, and we do not intend to represent all relevant or available public information in related to a particular market or securities. FOREXLIVE™ expressly disclaims any responsibility for any lost principal or profit that may arise directly or indirectly from the use or reliance on such information, or in connection with any content presented on its website, or its editorial choices.

Disclaimer:

FOREXLIVE™ may receive compensation from advertisers appearing on the Website, based on your interaction with advertisements or advertisers.

Finance Magnates CY Limited



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MUFG bearish GBP, cite Bank of England cuts to come, gas price vulnerability

by Chafik RifkyForexLeave a Comment on MUFG bearish GBP, cite Bank of England cuts to come, gas price vulnerability


Mitsubishi UFJ Financial Group (MUFG) is down on the GBP, citing a Bank of England rate cut:

  • We think the Bank of England’s (BoE) interest rate cuts are priced too cautiously this year and expect the BoE to cut further, making the pound likely to underperform against non-dollar currencies later in the year and the US dollar then weaken wider

MUFG also cites energy prices, saying the UK is vulnerable to rising gas prices (this in relation to Ukraine refusing to renew a contract to deliver Russian natural gas through Ukraine to Western Europe):

  • The UK’s lack of storage capacity makes it more vulnerable to market price movements and raises fears of further utility price rises this year.

  • Higher energy prices will affect consumer spending, undermine business confidence and increase costs

This article was written by Eamonn Sheridan at www.forexlive.com.



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UK news – Over half of businesses plan to raise prices in the next three months.

by Chafik RifkyForexLeave a Comment on UK news – Over half of businesses plan to raise prices in the next three months.


High risk warning:

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and exposure to loss. Before deciding to trade forex, carefully consider your investment goals, experience level and risk tolerance. You could lose some or all of your initial investment; don’t invest money you can’t afford to lose. Educate yourself about the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning:

FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and potential clients and does not endorse the opinions or recommendations of blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analyzes offered on blogs or other information sources in the context of the client’s or prospect’s individual analysis and decision-making. None of the blogs or other sources of information can be considered as records. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and potential clients to carefully review all claims and statements made by advisors, bloggers, money managers and system providers before investing any funds or opening an account with any Forex dealer. . Any news, opinion, research, data or other information contained on this website is provided on an “as is” basis as general market commentary and does not constitute investment or trading advice, and we do not intend to represent all relevant or available public information in related to a particular market or securities. FOREXLIVE™ expressly disclaims any responsibility for any lost principal or profit that may arise directly or indirectly from the use or reliance on such information, or in connection with any content presented on its website, or its editorial choices.

Disclaimer:

FOREXLIVE™ may receive compensation from advertisers appearing on the Website, based on your interaction with advertisements or advertisers.

Finance Magnates CY Limited



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Weekend – People’s Bank of China pledged more stimulus to boost consumption

by Chafik RifkyForexLeave a Comment on Weekend – People’s Bank of China pledged more stimulus to boost consumption


China’s central bank, the People’s Bank of China (PBOC) on Saturday announced plans to boost financial support for technological innovation and stimulate consumption to boost economic growth.

The bank also hinted at the use of new tools to provide liquidity to the stock markets and confirmed its commitment to lower interest rates and reserve requirements for banks when necessary.

  • The PBOC aims to sustain growth through measures that include providing liquidity and institutional protection for the capital market.
  • Despite signs of recovery following stimulus measures introduced since September, growth remains under pressure from risks such as a potential trade war between the US and China.
  • The State Administration of Foreign Exchange (SAFE) has announced plans to encourage high-quality foreign investment in China’s technology sector. SAFE will improve the management of funds of Chinese companies traded abroad and improve regulations for the management of capital of multinational corporations.

On Friday, we had other statements from the Bank in a similar way:

USD/CNH update, the yuan is still under pressure from the super-strong USD, but there is a but:



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RBA Australian dollar intervention potential getting some attention (ps. not gonna happen)

by Chafik RifkyForexLeave a Comment on RBA Australian dollar intervention potential getting some attention (ps. not gonna happen)


This from Australia’s public broadcaster, the ABC, over the weekend:

Not allowed if you want to read the whole thing, but the part that gets attention is where the writer claims that the Reserve Bank of Australia may intervene to support the AUD if it falls quickly and in a disorderly manner.

I don’t think it’s something that should be on the radar at this point. RBA intervention seems a long way off at the moment, the article quoted InTouch senior FX analyst Sean Callow as saying:

  • “That would require very disordered and dysfunctional markets, perhaps on the scale of the global financial crisis (2008).

Westpac’s head of financial markets strategy, Martin Whetton, also sees little likelihood of intervention:



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Facebook Lite 442.0.0.0.49 alpha APK Download by Meta Platforms, Inc.

by Chafik RifkyApps and GamesLeave a Comment on Facebook Lite 442.0.0.0.49 alpha APK Download by Meta Platforms, Inc.


Keeping up with friends is faster and easier than ever with the Facebook Lite app! Use Facebook Lite as a friends app to connect and keep up with your social network. The Facebook Lite app is small, which allows you to save space on your phone and use Facebook in 2G conditions. Many of the classic Facebook features are available in the app, such as sharing the Timeline, liking photos, finding people, and editing your profile and groups. Specific features include:

• Find friends and family
• Post status updates and use Facebook emoji to help relay what’s going on in your world
• Share photos and your favorite memes
• Notify when friends like and comment on your posts
• Find local social events, RSVP, and make plans to meet up with friends
• Interact with your friends by adding your own comments or reactions to their Facebook posts
• Save photos by adding them to photo albums
• Follow people to get their latest news
• Search local businesses to see reviews, hours of operation, and pictures
• Buy and sell locally on Facebook Marketplace

The Facebook app does more than just help you stay connected with your friends and interests. It is also your personal organizer for saving, storing and sharing photos. Sharing photos from your Android camera is easy, and you have full control over your photos and privacy settings. You can choose when to keep individual photos private or even set up a secret photo album to control who sees them.

Facebook Lite also helps you keep up with the latest news and current events around the world. Subscribe to your favorite celebrities, brands, websites, artists, or sports teams to follow their News Feeds from the convenience of your Facebook Lite app!

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Problems downloading or installing the app? See www.facebook.com/help/fblite
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Divisive horror-mystery thriller surprises in Netflix’s top 10

by Chafik RifkyEntertainmentLeave a Comment on Divisive horror-mystery thriller surprises in Netflix’s top 10


By Jonathan Klotz | Published

M. Night Shyamalan is either one of the worst directors to ever get behind the camera or a creative genius, depending on who you ask and what film you’re talking about, but no one can argue with the success of his first film The sixth sense. While he is in the process of casting a daughter, Saleka Night CatchHis younger daughter Ishana Night was behind the camera for her first feature film. The Guardianswhich recently debuted on Netflix. In keeping with family tradition, the film has divided the horror community, with opinions almost completely divided, but even the critics admit that Ishana has some of her father’s talent.

A captivating cast

The Guardians

The horror film stars Dakota Fanning as Mina, an American traveling through Belfast whose car breaks down in a spooky forest, where an equally spooky woman tells her to come with him if she wants to live. The woman Madeline (played by Olwen Fouere, who recently appeared in Tarot), takes Mina to a bunker connected to The Coop, a building with a one-way window that allows the strange beings called Watchers to watch her every night. The Guardians is a possible metaphor for streaming on Netflix or binging reality television, but the strange creatures that cannot be caught in the sunlight are clearly dangerous and have bad intentions for the captured cast members.

In addition to Mina and Madeline, Georgina Campbell (known for… Barbarian) as Ciara and Irish actor Oliver Finnegan as Daniel wander around during the day but return to the safety of the bunker and the coop each evening to perform for the Watchers. With the limited cast and locations ranging from The Coop to the Woods and another corner of the woods, it might seem like this The Guardians was a low-budget Netflix original, although in reality it was entirely financed by M. Night Shyamalan. It’s this fact that means some people will have been committed to the film long before its theatrical release, no matter how scary or frightening the premise – and there are some good jump scares.

The problem of nepotism cannot be avoided

Dakota Fanning in The Guardians

Nepotism has become a huge problem in Hollywood lately, even though it has existed in every industry since the dawn of time, but very few directors can have their $30 million first film fully financed by their father. It means exactly that The Guardians It faced an uphill battle to gain attention, and while it wasn’t a huge box office success, it has been in Netflix’s top ten since its debut on the world’s largest streaming platform.

Long before it became a hit on Netflix, The Guardians was a book by AM Shine, and there were some big changes in the transition from page to screen. For one thing, the book never describes what the Guardians look like, while the movie eventually shows them in all their spooky glory, and oddly enough, it’s the book that sets up a sequel, not the movie. There are other changes too, but in true Shyamalan fashion, there is a twist in the story.

The Guardians is currently available on Netflix while you can watch M. Night’s Other Daughter on it Catch on Max. There’s no denying that nepotism played a role in both projects, but it’s also true that there are far worse horrors out there today, like the one mentioned above TarotAnd it’s really worth watching both films and judging for yourself.

Australia Judo Bank Services PMI for December 50.8 (prior 50.5)

by Chafik RifkyForexLeave a Comment on Australia Judo Bank Services PMI for December 50.8 (prior 50.5)


Australia Judo Bank / S&P Global data for December 2024.

Services PMI comes in at 50.8, 11th consecutive month of gains

  • November was 50.5
  • flash was 50.4 (more on preliminary reading here)

From the report, in summary:

  • Growth in service activity aligned with stronger new business, supported by growing market demand.
  • Export orders rose for the first time in four months, boosted by stronger demand from the US and Asia.
  • Business confidence rose to its highest level since May 2022, boosted by hopes of lower interest rates and opportunities from the 2025 election.
  • Employment fell for the first time since August 2021, reflecting reduced pressures on capacity and challenges in securing a skilled workforce. However, layoffs were marginal.

  • Prices:

    • Input costs rose at the fastest pace in three months due to higher costs of materials, transportation and wages.
    • Firms raised production costs to offset rising costs, although price increases remained below long-term averages.

***

Composite 50.2

  • November was also 50.2
    • the third consecutive month of marginal private sector growth
    • Expansion was limited to the service sector, as manufacturing declined.
    • Employment fell in the private sector, along with a reduction in the backlog.
    • Input costs and output prices rose at an accelerated pace.
    • Improved in both the manufacturing and service sectors by the end of the fourth quarter.

This article was written by Eamonn Sheridan at www.forexlive.com.



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The Biggest Obstacle to Building Wealth, from a Financial Psychologist

by Chafik RifkyNewsLeave a Comment on The Biggest Obstacle to Building Wealth, from a Financial Psychologist


It’s officially that time of year when you tackle that thing you’ve been putting off. And for millions of Americans, that means getting their finances under control.

If you’ve been avoiding funding your 401(k) or opening a brokerage account, you’re not alone. According to a 2024 Janus Henderson survey, nearly half of U.S. adults – 48% – say they have no investable assets.

And for many, the reason for procrastination is simple: investing is (apparently) too complex.

It’s a mindset that, if not overcome, could financially cripple many young people, says Amos Nadler, founder of Prof of Wall Street and a doctor of medicine. in Behavioral Finance and Neuroeconomics.

“It’s a bias we call ‘complexity aversion,'” he says. “And it’s the biggest barrier to building wealth for people who aren’t active in markets or have never invested before.”

Here’s how this cognitive bias could be costing you money.

The importance of overcoming complexity aversion

Basically, people who put off completing essential financial tasks have the same fears as those who can’t bring themselves to start exercising – they don’t want to make a mistake or feel stupid.

Just as someone might say they don’t have the first clue how all that fancy fitness equipment works, a person who is financially avoiding it might say, “‘Man, this is going over my head,'” Nadler says. “‘I’m just not a numbers person.'”

This feeling about money is closely related to another common cognitive bias known as risk aversion. Essentially, you’re not only afraid that you’ll mess up, but also that you’ll lose the money you’ve spent a lot of time and effort accumulating. And because the fear of losing what you have can outweigh the joy of building wealth, stick with it.

The impulse is: “I worked hard for this and am risk-averse. “I would rather just have the money,” says Nadler. “I know inflation is eating up my money, but the market is so volatile that I’m scared.”

But the need to start investing — especially among young people — goes beyond the need for your money to keep up with inflation. If you delay this particular financial project, you will lose what many experts say is your most valuable asset: time.

The longer you are in the market, the more time your money has to grow at increasing compound interest rates. For every year you delay entering the market, you could potentially save thousands of dollars in your future net worth.

Try an online compound interest calculator and you’ll likely find that waiting even a few years can have a huge impact on your long-term profits.

Imagine a 20-year-old investing $200 a month in a retirement portfolio that generates an 8% annual total return. When she is ready to retire at age 67, she will have saved $1.25 million. If she starts at age 25, all other things being equal, her total drops to about $830,000. And if she puts it off until she’s 30, she’d retire with $547,000.

How to overcome complexity aversion

So, how do you get started? You can always open a brokerage account or self-fund a retirement account, such as an IRA. This only requires a few simple steps.

However, if your employer offers a workplace retirement account, such as a 401(k), signing up can be an even easier way to get started. Set a percentage of your salary to contribute to the account from each paycheck and select one or more mutual funds for your portfolio.

These plans typically include low-cost, highly diversified options such as index and target-date funds, giving investors access to large market shares.

Would you like to earn extra money alongside your job? Enroll in CNBC’s online course How to earn passive income online to learn more about common passive income sources, tips for getting started, and real-life success stories.

Plus, Sign up for the CNBC Make It newsletter Get tips and tricks for success in your career, with money and in life.

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