EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside […]
Investing.com– Most Asian currencies moved in a tight range on Wednesday with the yuan treading water after China left benchmark rates unchanged, while the dollar steadied from recent losses. Regional markets saw a dearth of major cues this week, as traders mostly held back on big bets in anticipation of more cues on what a […]
UK core CPI year-on-year (%) The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will be today and the […]
USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension […]
Introduction The Moving Average Multi-Currency EA utilizes a dual Moving Average (MA) strategy to identify trends and execute trades based on the comparison between two MAs. It is designed with configurable parameters, such as timeframe, period, shift, method, and applied price, to adapt to various market conditions. Additionally, the EA supports advanced features like grid […]
By Stefano Rebaudo (Reuters) -Investors rushed into safe-haven currencies, including the U.S. dollar, the Swiss franc and the yen, after a warning from Russia over its updated nuclear doctrine. President Vladimir Putin issued a warning to the United States on Tuesday, lowering the threshold for a nuclear strike after the administration of Joe Biden reportedly […]
Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need […]
European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.” Additional comments If domestic demand remains weak, inflation could fall well below 2%. The ECB should move to neutral monetary policy stance, or even expansionary if necessary. Eurozone economic activity […]
And that comes after a key test of the 1.0500 mark last week, with the importance of the level underlined here. The bounce this week sees the pair nudge up closer to 1.0600 but is also pausing a little since overnight trading. That coincides with the 23.6 Fib retracement level of the swing lower this […]
How to use the strategy on the “CyberBot Project” products topic#1: Pivot Points Method, Support and Resistance Strategy with Buy Limit and Sell Limit Orders The “CyberBot Project” product represents one of the most advanced offerings available for future trading endeavors. With its “out of the box” capabilities, this product not only functions as an […]
EUR/USD maintains its position as the US Dollar continues its downward correction. The US Dollar’s downside appears restrained due to dampened odds of an imminent Fed rate cut. ECB President Lagarde stated that Europe should pool its resources in areas such as defense and climate. EUR/USD remains steady with a positive bias, hovering around 1.0600 […]
