Of note, the firm is revising lower the GDP growth forecast for Germany to 0.2% from 1.0% previously. That is somewhat offset by a revision higher for Italy to 1.3% from 0.4% previously though. But with Germany being the backbone of the euro area economy, the cut there hurts more. Source link
Price Action Trading Strategies
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Did you know that price action trading strategies are one of the most commonly used methods in today’s financial market? Whether you are a short-term or long-term trader, analysing the price of a security is perhaps one of the simplest, yet also the most powerful, ways to gain an edge in the market. After all, […]
Share: Gold price ticks down during the Asian session on Wednesday, though lacks follow-through. Hawkish central banks and a modest US Dollar strength act as a headwind for the XAU/USD. Traders now keenly await the FOMC meeting minutes before placing fresh directional bets. Gold price edges lower during the Asian session on Wednesday […]
Short EUR/GBP: A Hawkish BoE and Price Action Support Further Downside. The Great British Pound has been on a tear of late, even before the 50bps surprise delivered on the June 22. The Euro itself enjoyed a bit of a renaissance of late with EURGBP bouncing as a result with the pair trading around the […]
Short USD/ZAR: Top Trade Opportunities
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Short USD/ZAR: Top Trade Opportunities The South African rand has been one of the worst performing currencies this year and reached all-time highs in early June 2023. The primary drivers for this move are not unfamiliar to ZAR traders and consists of the ever lingering political and economic headwinds as well as external risk sentiment […]
Monitor your trades to Profit
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Monitoring your trades over time helps you build up your account balance and shows when you miss your goals. Traders on the MetaTrader platform have always wished for a functional Profit and Loss Calendar. Viewing the closed trades of a symbol on the chart can help you adjust your strategy for better results. Maintaining a trade […]
This has been a problem for many months now with UK food price inflation having run at its fastest pace in 45 years back in April here. It has fallen back to roughly 14.6% in June, down from the 18.3% reading in May, but is still a major problem generally. However, Sainsbury is saying that […]
© Reuters. FILE PHOTO: A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration/File Photo By Ankur Banerjee and Harry Robertson SINGAPORE/LONDON (Reuters) – The dollar fell slightly against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, while the Australian dollar […]
Share: In a virtual SCO summit on Tuesday, China’s President Xi Jinping said that they “should focus on practical cooperation and accelerate economic recovery. Additional takeaways “Need to strengthen strategic communication and coordination, respect each other’s core interests and concerns.“ “Need to formulate foreign policies independently.” “China willing to work with all parties […]
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Euro Vs US Dollar, British Pound, Australian Dollar – Outlook: EUR/USD’s range could continue for a bit longer. EUR/GBP and EUR/AUD’s rebound could be capped. What is the outlook and the key levels to watch in key Euro crosses? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast The euro may have recouped […]
Good evening. Today I traded according to the signals of my indicator. Trading the NZDUSD pair on the M5 timeframe. Great result, today I earned $ 31. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several […]
