Today I will show you some trades made by the Prop Master Expert Advisor. 1. EURUSD on May 14, 2024. The maximum price value of the previous day was broken and the market reached TakeProfit very quickly. 2. EURUSD May 17, 2024. The trade closed at trailing-stop. In this case, it seems that the […]
Business activity in Japan is growing at its fastest pace in almost a year, indicating that economic growth may recover in the second quarter after a decline in the first three months of the year. However, inflationary pressure continues to ease, raising doubts about the Bank of Japan’s ability to continue raising rates without plunging […]
Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March’s revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate only 25 basis points of Fed rate cuts in 2024, reducing expectations for easing. […]
DXY Index is trading at 104.7, showcasing 0.35% losses but will close the week with mild gains. Durable Good orders from the US came in higher than expected but didn’t trigger movement from Greenback. Fed maintains cautious stance on premature easing, hinting at lower chances for swift interest rate cuts which cushions the USD. The […]
As the week comes to a close, the CAD is ending the day as the strongest of the major currencies. The CHF is the weakest. The USD is mostly lower with modest gains vs the JPY and CHF. The CAD moved higher despite lower than expected retail sales in March. However, the estimate for April […]
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Today I decided to trade on the signals of my old indicator. I started to trade on the GBPCHF currency pair, timeframe m1. The results are in the screenshot. Accurate signals. This is amazing. I managed to earn $ 40. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there […]
Mexican Peso recovers slightly, breaking three-day losing streak. Mexico’s wider April trade deficit and slower economic growth are reported by INEGI. Banxico minutes show division on rate cuts amid ongoing inflation, emphasizing commitment to price stability. US Durable Goods Orders beat expectations, but March’s figures are revised down heavily. The Mexican Peso snapped three days […]
ECBs Nagel is on the wires saying: Probably have to wait on the next move until September (HMMMM) The wage uptake was not a surprise. Core and headline inflation are both decelerating after June. Most ECBs members are looking for a June cut but are cautious about projecting additional cuts going forward. This article was […]
Mexico Trade Balance s/a, $: $-2.578B (April) vs previous $-1.583B Source link
Investing.com – The U.S. dollar edged lower in early European trade Friday, but was still on course for its largest weekly rise in over a month on fading expectations of early Federal Reserve rate cuts. At 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded […]
UBS recommended investors to short the pair, indicating attractive entry levels for the trade. The firm highlighted that the DXY index, which measures the US dollar’s strength against a basket of currencies, has declined by 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s hawkish stance, with […]
Analysts at ING stated that the currency pair seems undervalued, following the United Kingdom’s retail sales data which came in below expectations. The report released today showed a 2.7% year-over-year decline in headline retail sales for April, with the core figure, excluding auto fuel, dropping by 2.0%. Moreover, the March sales data was revised downwards. […]
