Forex and Cryptocurrency Forecast for September 02 – 06 2024

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EUR/USD: Dollar Takes the Offensive ● Since the beginning of July, the DXY dollar index had been declining, reaching an eight-month low of 100.51 on 27 August. The primary reason for this negative trend was the concern about a potential slowdown in the U.S. economy. According to the markets, to support the economy, the Federal […]

Setting up the TRON MT5 robot

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If you have any questions, you can reach me on my profile:  Profil MQL5 :  ✔️ https://www.mql5.com/en/users/incepline My experts advisors :  ✔️ https://www.mql5.com/en/users/incepline/seller ⭐️⭐️⭐️⭐️⭐️ EA Tron MT5 © : https://www.mql5.com/en/market/product/122429 Setting up the Tron MT5 robot   👉 In short, it is recommended to leave all options at their defaults; there is no need to change the settings. The only thing […]

China NBS Manufacturing PMI registered at 49.1, below expectations (49.5) in August

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]

China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0) | Forexlive

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August 2024 official Chinese PMIs from the National Bureau of Statistics (NBS): Composite is 50.1 August Manufacturing PMI 49.1 Services 50.3 expected 50.0, prior 50.2 — The Chinese economy has been showing, and continues to show, a patchy and uneven recovery. Key trouble spots include: an uncertain property sector outlook, the sector is mired in […]

Gold stumbles amid surge in US Treasury yields, rises over 2% monthly

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Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut. Fed’s cautious policy easing strategy stirs uncertainty; markets favor a 25 bps cut. Traders’ bets on a 25 bps rate cut rise to 69%; odds for a 50 bps reduction fall to 31%, per CME FedWatch Tool. Gold prices tumbled […]

YouTube Live Bitcoin BTCUSD Bomb Bank Indicator

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The Bomb Bank Signal is a powerful indicator for MetaTrader 4, designed to identify the most relevant trends in the financial market. If you are looking for a tool that accurately anticipates movements, Bomb Bank is the ally you need. How it Works: This indicator combines three distinct methods – volume analysis, candle closes and […]

EUR/USD extends backslide as Greenback catches Friday bid

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EUR/USD trimmed to the downside on Friday, extending into a three day down streak. EU inflation brought no surprises, US PCE inflation kept rate bets on balance. Coming up next week: Last US NFP jobs data print before next Fed rate call. EUR/USD tilted further into the red on Friday, extending a downside move into […]

Australian Dollar down after US PCE figures

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USD recovered after signs of sticky inflation on July’s PCE. Recovery momentum in AUD throughout August has been supported mainly by the weak USD and improved conditions of risk-related assets. RBA’s hawkish stance continues to benefit the Aussie. The AUD/USD declined by 0.70% to 0.6750 in Friday’s session as the USD strengthened in response to […]

Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report | Forexlive

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Markets: Gold down $19 to $2501 WTI crude oil down $2.47 to $73.44 US 10-year yields up 4.3 bps to 3.81% S&P 500 up 0.6% USD leads, JPY lags. It was tough to tie the fundamentals to the market moves today, as is often the case at month end. Tokyo CPI was hot earlier and […]