Author: FX
By Heekyong Yang and Josh Smith SEOUL (Reuters) -South Korea’s acting president, Han Duck-soo, moved on Sunday to reassure the country’s allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt. Han spoke with U.S. President Joe Biden by phone, the White House and Han’s office said. “South Korea will carry out its foreign and security policies without disruption and strive to ensure the South Korea-U.S. alliance is maintained and developed steadfastly,” Han said, according to a statement from his office. In a further attempt to…
The Volty Channel Stops and Trend Scalp Forex Trading Strategy is designed for traders who are looking to capitalize on short-term price movements while managing risk effectively. It combines the power of volatility-based indicators with trend-following principles, creating a strategy that is ideal for fast-paced, high-reward trading environments. By using the Volty Channel Stops to define clear entry and exit points, and aligning these with trend signals, traders can increase the likelihood of successful trades while limiting potential losses. At the core of this strategy lies the Volty Channel, a volatility-based tool that adjusts to market fluctuations and helps to…
The Multi Time Frame (MTF) Breakout strategy is a powerful approach used by traders to capture significant market movements by analyzing price action across multiple time frames. By combining insights from different time frames, traders can gain a clearer understanding of the overall market trend and identify breakout opportunities with higher precision. This strategy helps to filter out noise and false signals that are common in single-time-frame analysis, making it a more reliable method for trading in the fast-paced world of forex. In the world of forex trading, breakouts are considered to be one of the most profitable opportunities. A…
From the Nasdaq shattering the 20,000 barrier to gold’s surge toward $2,700 and bitcoin’s rollercoaster ride, the week’s drama has traders rethinking their playbooks for 2025. Source link
Currency markets saw major shifts in central bank sentiment this week as odds of a post December Fed rate cut pause grew, while the SNB and ECB opted for rate cuts. This policy divergence shook up trading patterns, with the dollar crushing the competition to take the top spot overall. How did the majors trade this week? We’re breaking down individual currency price reactions below! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections…
What are the technical levels in play for the major currency pairs vs the USD? EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD: AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source link
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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850. Pair remains capped by the 20-day SMA, with upside attempts thwarted by persistent selling pressure. RSI hovers near oversold territory at 34, while MACD histogram prints rising red bars, indicating intensifying bearish momentum. The NZD/USD pair struggled on Friday, slipping by 0.14% to 0.5760 and failing to hold onto gains that briefly lifted it toward the 0.5850 area. Persistent selling pressure and the inability to break above the 20-day Simple Moving Average (SMA), currently near 0.5890, continue to weigh on the pair’s short-term prospects. Technical indicators reinforce…
Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and Banxico next week could further influence USD/MXN. The Mexican Peso recovered after registering losses on Thursday and appreciated some 0.50% against the Greenback during the North American session. Mixed economic data from the US released in the week augmented bets that the Federal Reserve ( Fed) will cut interest rates next week. The USD/MXN trades at 20.11, down after hitting…
The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data highlights in Friday’s session. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades neutral on Friday with some minor gains in the US trading session. The Greenback is under some pressure from profit-taking after steep rallies against many major G20 currencies earlier this week. This retracement follows the…