USD/JPY ANALYSIS USD/JPY rose to multi-month highs during Tuesday’s European session, but erased gains and reversed course sharply following weak and lackluster U.S. economic data. By late afternoon, the pair was losing 0.35% to trade at 146.00, after reaching a peak of 147.37 in the morning. Earlier in the day, the latest consumer confidence survey […]
1. The Theory – How to Use Indicator Developed by Marc Chaikin This an oscillator Indicator, it measure the Accumulation/distribution of money that is flowing into and out of a currency pair. The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the […]
USD/ZAR News and Analysis US consumer confidence takes a hit as labour market shows slight signs of easing ZAR technical outlook eyes 200-simple moving average (SMA) ZAR looking ahead to Chinese manufacturing PMI as the sector contracts The analysis in this article makes use of chart patterns and key support and resistance levels. For more […]
Hello traders, Today I spotted two trading setups. My first setup was in USDCAD H1. Price was deeper inside the Supply Zone. The Supply Zone was well formed and also was formed inside Daily Supply Zone. For all those reasons i decided to click the zone label and create two Sell Market orders. The RR […]
Bitcoin traders continue to wait for a decision in the SEC vs Grayscale case and it could come today. Decisions are usually released Tuesday and Friday and usually at 11 am ET (but can be any time between now and noon). We’ve been on watch for a decision for weeks now and the anticipation is […]
Share: Pound Sterling recovery faded as investors hope that Fed-BoE policy divergence will neutralize this month. United Kingdom’s housing sector and factory activities are under pressure due to higher interest rates. BoE’s Broadbent warned that interest rates will remain higher for a longer period. The Pound Sterling (GBP) recovery faltered on Tuesday despite hopes that an […]
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Heavyweight US and Euro Area data are on tap this week. The US dollar remains undecided after chair Powell’s Jackson Hole speech. The Federal Reserve and the European Central Bank both reiterated their stance of keeping rates higher for as long as it takes at the […]
Next week (Wednesday) the next meeting of the Bank of Canada will take place, and economists fear that in the context of accelerated inflation, the leaders of the Canadian Central Bank will be forced to go for a new increase in interest rates, even despite the risks of plunging the national economy into recession. All […]
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: Japan Maintain Economic Outlook, USD/JPY Catches its Breath at Weekly High Gold and Silver have enjoyed decent rallies at the back end of last week with Gold in particular continuing to rally yesterday. An improvement in sentiment weighed on the US Dollar helping Gold run toward a key resistance […]
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Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 probes downtrend line The FTSE 100 is trying to break through its July-to-August downtrend line following a prolonged Bank Holiday weekend in the UK during which Chinese authorities cut share dealing stamp duty by 50%. The […]
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) – The U.S. dollar was subdued on Tuesday after a strong run as traders held off from large bets ahead of a slew of economic data this week, […]
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Tuesday, retreating from near three-month highs ahead of the release of a slew of key economic data this week. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.907, […]
