Judo Bank / S&P Global final services and composite PMIs for Australia in October 2024. The preliminary readings can be found here. In summary from the report: Services sector indicators were stronger than initial (“flash”) results, showing improved business conditions at October’s end. Key activity indicators are in expansionary territory, with signs of strengthening economic […]
South Korea FX Reserves: 415.7B (October) vs previous 419.97B Source link
Harris from her Montreal highschool yearbook The world of foreign exchange is multi-variate so you never get a full grasp on what’s moving a currency on any given day. Economics always overshadows politics and the US election has been playing out in the background for months. There are certainly election trades in equities and other […]
Hello traders, Today markets were a bit slow. I tested a new settings configuration. I decided to select both Buy and Sell direction since markets are going sideways with no clear direction on most pairs. After a trade had been placed I also checked it manually and I moved the TP/SL or if I did […]
By Karen Brettell and Medha Singh NEW YORK (Reuters) – The U.S. dollar slipped on Monday as investors exited from positions that have benefited from speculation Republican former President Donald Trump is more likely to win the presidential election on Tuesday. “The Trump trade is unwinding this morning, we’ve seen a big pullback in the […]
The EUR/GBP currency pair continues to trade sideways between the 20 and 100-day SMA . RSI indicates recovering buying pressure and the MACD is green. Sellers breathe, after last Friday’s sharp losses. In Monday’s session, the EUR/GBP pair rose by 0.20% to 0.8395. While the pair remains in a sideways trend, the bullish pressure has shown […]
Here’s the revised version in English: 1. Log in to MQL5: Access the MQL5 platform using your username and password. Financial Settings Fixed or Percentage Allocation: Specifies whether to use fixed lots or a percentage of equity for trading allocations. Lots or Percent for Allocation: Defines the number of lots or the percentage to be allocated […]
Cognity AI EA
Categories
In the world of forex trading, making informed and accurate decisions is key to maximizing success. To achieve this, many traders seek the help of advanced tools to help them optimize their strategies. This is where Cognity AI comes in, an Expert Advisor (EA) that revolutionizes EUR/USD trading through the use of artificial intelligence. What […]
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 […]
USD/SGD: Rise over? – OCBC
Categories
USD/SGD fell, tracking the pullback in USD as Trump trade unwinds. Pair was last at 1.3171, OCBC’s FX analysts Frances Cheung and Christopher Wong note. USD pulls back as Trump trade unwinds “Bullish momentum on daily chart faded while RSI eased from near overbought conditions. Support at 1.31 (38.2% fibo), 1.3040 (50 DMA). Resistance at […]
A Case Study on EURAUD (Head & Shoulders Pattern) This chart demonstrates a classic example of how effectively the IQ FX Gann Levels Indicator can be used to trade head and shoulders pattern. The EURAUD M5 chart below shows a clear, profitable setup using Gann levels. Let’s break it down: 1. Identifying the Head & […]
Investing.com – The U.S. dollar retreated Monday amid political uncertainty ahead of Tuesday’s presidential election and with the Federal Reserve expected to cut interest rates later in the week. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains […]
