The Fed Chair has tapped the brakes after saying if things go as planned, there will be 2 more cuts in 2024. The expectations for a 50 bp cut is down to 36%. At one point last week, the expectation was around 60%. USDJPY: The USDJPY has moved up to test, and move above, the […]
The Dow Jones huddled close to 42,000 to kick off the new week. Investors are awaiting key US labor data due on Friday. Despite quiet Monday, the Dow Jones is coming off a winning month. The Dow Jones Industrial Average (DJIA) was hamstrung near Monday’s opening bids at the start of a fresh trading week. […]
The Best Scalping Strategy for Quick Profit Introduction to Scalping in Trading What is Scalping? Scalping is a trading strategy that involves making numerous trades throughout the day to capitalize on small price fluctuations. The primary goal is to “scalp” small profits consistently, enhancing the overall profit margins. Importance of a […]
🔥🔥🔥🔥EA Trades 30.9.2024🔥🔥🔥🔥
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Kickstart the FX trading day with a technical look at the major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD has been trading up and down over the last few trading days. What is somewhat unique to today’s price action, is that the price is trying to stay above its 100 hour moving […]
The Pound Sterling’s recent strength has partly relied on the ‘no news is good news’ narrative, as quiet calendars allowed markets to look elsewhere for easing bets while happily keeping the Bank of England in the group of relatively hawkish outliers, ING’s FX strategist Francesco Pesole notes. EUR/GBP to face a bit more downside risk […]
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -The euro strengthened on Monday after German inflation data, while commodity currencies rose on hopes for a turnaround in China’s economy and the Japanese yen steadied as traders reacted to the new prime minister’s call for a snap election. Setting the broader tone for these moves was […]
BANGKOK (Reuters) -A rapid appreciation of the Thai baht is hitting exporters and tourism spending, the central bank said on Monday, adding that the currency was gaining due to a weak dollar in the face of stronger regional currencies like the Yuan and Yen. The baht hit its highest level in 31 months on Monday, […]
Investing.com – The U.S. dollar steadied Monday, as traders awaited a speech by Federal Reserve Chair Jerome Powell later in the session ahead of Friday’s key employment report. At 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally lower to 100.035, after last week […]
On Monday, the U.K. will release its final GDP q/q data, while Switzerland will publish the KOF economic barometer. In the U.S., Fed Chair Jerome Powell will participate in a discussion titled “A View from the Federal Reserve Board” at the National Association for Business Economics Annual Meeting in Nashville. Although audience questions are expected, […]
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Technical Analysis Expert Reveals His Method In episode 474 of the Desire To Trade Podcast, we will be listening to the recording of an interview with technical analysis expert Cary Artac and they talk about his method. You will understand why traders should […]
Asian equities trades were mixed on Monday. Chinese stocks close sharply higher due to Beijing’s stimulus measures. Nikkei was down over 4.80% after Ishiba won the LDP election. Asian stock markets trade mixed on Monday. The Chinese stocks lead gains on more policy measures in China, while the concerns Japan’s new Prime Minister favores normalizing interest rates […]