EUR/USD retests 1.05 ahead of US CPI inflation, ECB rate call in the barrel

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EUR/USD softened further on Tuesday, testing 1.0500 once again. The Fiber pair has closed slightly lower for a third straight day. Euro traders are bracing for back-to-back key data prints. EUR/USD shed close to 0.2% on Tuesday, chalking in a third straight declining trading day and testing down into the 1.0500 handle as the Euro’s […]

Bearish bets on EUR/USD attractive again after latest fightback: BofA By Investing.com

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Investing.com — The euro has been fighting back against the dollar, following its a post-U.S. election ride lower, but Bank of America says now is the time to to renew bearish bets on the single currency again. “For, we believe that there is limited upside potential to 1.06 but more room to the downside, as […]

Bitcoin sellers lean against the 200 hour MA.GIves the sellers the go-ahead to push lower. | Forexlive

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The price of bitcoin is trading lower with the price now down around -2.7% to $94,700.The low price has reached $94,578. The move lower was foreshadowed by the break and inability to extend back above the broken 200-hour MA at $98244. Buyers turned to sellers. What next? The next target support area comes between $90742 […]

Zone Trader EA Manual

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This is the manual for the Zone Trade EA available here: https://www.mql5.com/en/market/product/127753 The EA is a manual trading tool for trades to automatically take trades at support and resistance or supply and demand zones using price action entries within those areas. It is designed to be used as a position trading tool meaning there are no […]

EUR/USD Price Analysis: Pair retreats to 1.0525, losing key 20-day SMA support

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EUR/USD declines by 0.33% on Tuesday, settling at 1.0525 after falling below the 20-day SMA. RSI drops sharply to 40, remaining in the negative area, signaling weakening momentum. MACD histogram prints decreasing green bars, highlighting fading bullish traction. The EUR/USD pair extended its losses on Tuesday, retreating to 1.0525 and slipping slightly below the 20-day […]

Master Forex Trading: 80% Wins with “Supply Demand EA ProBot”

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Hello traders, In today’s trading session,i traded forex markets using the  Supply Demand EA ProBot. My strategy was based on the new “Automated Direction” feature. When price touches a Supply Zone EA has an algorithm to automatically decide if it will place a short trade and when price touches a Demand Zone ea decides if […]

Sterling hits over two-year high against euro By Investing.com

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The British pound has reached its highest level against the euro since April 2022, amid expectations that the Bank of England (BOE) will be less aggressive in cutting interest rates compared to the European Central Bank (ECB). On Tuesday, sterling appreciated by as much as 0.3% to 82.50 pence per euro. Concurrently, UK government bonds, […]

Oil prices are rising amid political instability in Syria

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On Monday, oil prices jumped after reports of the overthrow of Syrian President Bashar al-Assad by the opposition, which increased fears of an escalation of instability in the Middle East. Brent futures rose by 1.17%, reaching $72 per barrel, and WTI – by 1.32%, to $68.20. Traditionally, any geopolitical aggravation supports the oil market, but […]

US dollar steadies, Aussie drops after RBA, Chinese trade data By Reuters

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By Stefano Rebaudo (Reuters) -The dollar rose on Tuesday ahead of U.S. inflation data which could offer clues about the Federal Reserve’s monetary easing path, while analysts assess the likely impact of Donald Trump’s policies when he begins his second term as U.S. President. The Australian dollar dropped sharply as the Reserve Bank of Australia […]

US November NFIB small business optimism index 101.7 vs 94.2 expected | Forexlive

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The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98. This is the highest reading since June 2021. Of the 10 Optimism Index components, nine increased, none decreased, and one was unchanged. Following last month’s record high of 110, the […]

EUR/USD declines as ECB is set to cut interest rates by 25 bps

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EUR/USD drops to near 1.0530 as investors await key events including US inflation and the ECB policy meeting. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 bps to 3% on Thursday. Economists expect US annual core CPI to have grown steadily by 3.3% in November. EUR/USD slides to near 1.0530 […]