The Hammer The hammer price action pattern is a bullish signal that signifies a higher probability of the market moving higher than lower and is used primarily in up-trending markets. Here is an example of what a hammer candle looks like: […]
Biden tweets: Folks, I might not walk as easily or talk as smoothly as I used to. I might not debate as well as I used to. But what I do know is how to tell the truth. He said something along the same lines at a campaign stop in North Carolina. I don’t put […]
The US National Hurricane Center now sees a 100% chance of a tropical depression forming in the next 48 horus in the central Atlantic. Three storms are in the mix with one expect to cross the Yucatan peninsula on the weekend. The others should head in a westerly direction, aimed just south of Haiti, which […]
By Jamie McGeever ORLANDO, Florida (Reuters) – The only “winner” from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade policy is the highest since 2018-2019 when clashes between former U.S. President Donald Trump’s administration and Beijing reached fever pitch. It’s nowhere near those […]
Canadian Dollar bolstered by rising market sentiment. Canada posted a 0.3% uptick in GDP, propping up CAD. US PCE inflation also ticked lower, further bolstering rate cut hopes. The Canadian Dollar (CAD) found some room on the high side on Friday, pushing up by a scant tenth of a percent against the US Dollar amid […]
The Score Betting System is a wagering strategy commonly used in sports betting. This system is designed to help bettors manage their stakes in a structured manner, often with the aim of maximizing potential profits while minimizing risks. Here are the key elements of the Score Betting System: Initial Stake: The bettor decides on an […]
US Dollar saw a slight dip at the end of the week, clearing daily gains. US Dollar finds support amid high US Treasury yields. May’s PCE data showed an unexpected deceleration in US inflation. The end of the week saw the US Dollar, as benchmarked by the DXY Index, settle near 105.80, after hitting a […]
USD/CAD trades flat at around 1.3700 after a big data day for the pair. Canadian GDP showed a 0.3% rise in April suggesting a strong economy. US PCE inflation data, the Fed’s preferred gauge, meanwhile, showed progress towards the Fed’s 2.0% target. USD/CAD trades flat at around 1.3700 on Friday after the release of Canadian […]
US Dollar Index (DXY) Listless After Core PCE Meet Forecasts Core PCE y/y and m/m met market forecasts. US dollar quiet post-data, US non-farm payrolls (July 5th) the next driver. For all high-impact data and event releases, see the real-time DailyFX Economic Calendar US Dollar Slips After US Durable Goods, Jobs Data – US Q1 […]
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 loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
Todays 1418 USD trade on m1. Source link
Gold is likely to witness increased volatility after the US PCE inflation data release on Friday. A lower PCE reading would support the yellow metal as it would, in turn, result in lower interest rates – a benefit to non-yielding Gold. XAU/USD has broken above a key trendline, further invalidating the bearish H&S topping pattern […]
