Author: FX
The Simple ZZ Consolidation Zones and Fast Pending Orders Forex Trading Strategy stands as a robust framework for traders seeking clarity and efficiency in the forex market. By harnessing the Zigzag (ZZ) indicator’s insights into price consolidation, this strategy enables traders to identify opportune moments when markets temporarily stabilize within defined ranges. These consolidation zones often precede significant price movements, making them crucial points for traders to capitalize on potential breakouts. This strategy offers a potent blend of simplicity and effectiveness. Traders utilize the ZZ indicator to pinpoint consolidation zones with precision, where prices consolidate before resuming their trend. By…
The Ultimate Oscillator, developed by the legendary technical analyst Larry Williams, is a momentum indicator specifically designed for the MT4 platform. Unlike traditional oscillators that rely on a single timeframe, the UO boasts a unique multi-timeframe approach. This innovative design incorporates short-, medium-, and long-term price movements into its calculations, offering a more comprehensive view of market momentum. The benefits of using the Ultimate Oscillator in MT4 are numerous: Enhanced Signal Filtering: By considering price movements across multiple timeframes, the UO aims to reduce the number of false signals generated by single-period oscillators. Improved Trend Identification: The multi-timeframe analysis of the UO…
The Directional Movement Index (DMI) and the Laguerre Relative Strength Index (RSI). These indicators, known for their ability to provide clear signals amidst market volatility, offer traders a powerful toolkit for navigating the complexities of currency markets. The Directional Movement Index (DMI) is a reliable gauge of trend strength and direction. Comprising the Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI), the DMI helps traders identify whether a currency pair is trending and the momentum behind that trend. By plotting these indicators, traders can pinpoint potential entry and exit points with confidence, enhancing their ability to capitalize on…
It’s a Hong Kong public holiday for the day following the Chinese Mid-Autumn Festival Hong Kong Market is closed Both Northbound and Southbound Stock Connect trading is closed–China / Hong Kong Stock Connect is a mutual market access program that allows investors in mainland China and Hong Kong to trade and invest in each other’s stock markets. This initiative aims to facilitate cross-border trading, broadening market access for international investors and providing more liquidity to both markets. Here’s a breakdown:Two Main Programs:Shanghai-Hong Kong Stock Connect (launched in 2014): Connects the Shanghai Stock Exchange (SSE) with the Hong Kong Stock Exchange…
Gold price rally stalls after strong US macroeconomic data. US Retail Sales exceed expectations, Industrial Production improved in August, boostinge US Dollar Index (DXY) to 100.92. Geopolitical tensions in the Middle East escalate with Hezbollah blaming Israel for recent blasts. Gold prices fall ahead of the US Federal Reserve’s (Fed) monetary policy decision on Wednesday as the Greenback stages a recovery following a strong (relative to consensus) August US Retail Sales report. Therefore, US Treasury yields advanced, and the buck edged higher, a headwind for the golden metal. The XAU/USD trades at $2,569, losing 0.50%. Expectations that the Fed will…
Sep. 17, 2024 5:55 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editor monsitj/iStock via Getty Images Gold futures fell Tuesday, with investors backing off the metal a day ahead of the Federal Reserve interest rate decision, apparently on whether to cut rates by 25 or 50 basis points. The anticipation lifted gold last week, with J.P. Morgan saying Source link
Israeli PM NetanyahuIsraeli military officials via various Hebrew news channels stating full-blown war between Israel and Hezbollah appears imminent.That shouldn’t surprise anyone as the pager explosions were basically a declaration of war by Israel on Lebanon/Hezbollah. The thing is, I wonder if Hezbollah is so crippled that it’s not ready to fight and/or if Israel is going to bring the fight to them, regardless.In any case, the gold market doesn’t seem to be too fussed. However oil is up $1.41 to $71.50. Source link
The Dow Jones clipped into yet another record bid on Tuesday. Investors are tilting into the risk-on side ahead of expected Fed rate cut. Markets are split on the depth of anticipated first Fed rate cut in over four years. The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second day in a row on Tuesday as investors jostle for position ahead of the Federal Reserve’s (Fed) hotly-anticipated rate cut during the midweek market session. Despite a strong start to the day, the Dow Jones turned away from record peaks and dipped back into the…
Sep. 17, 2024 11:54 AM ETBitcoin USD (BTC-USD) CryptoMSTR, RIOT, HIVE, MARA, CLSK, COIN, HUT, ETH-USD, BTBT, BRPHFBy: Max Gottlich, SA News Editor peshkov/iStock via Getty Images Bitcoin (BTC-USD) climbed to its highest level in three weeks in Tuesday late morning trading, driving a notable uptick in stocks linked to the cryptocurrency sector. Following what was a quiet start to the week, bitcoin (BTC-USD) gapped Source link
Prior was -0.6% (revised to -0.9%)Capacity utilization 78.0% vs 77.9% expectedPrior utilization 77.8% (revised to 77.4%)Manufacturing output +0.9% vs +0.3% expectedPrior manufacturing output -0.3% (revised to -0.7%)The negative revisions take some of the shine off this report but it’s still a a good one. In July, Hurricane Beryl likely depressed production and this is the rebound but smoothing it over, you’re left with a healthy number.Speaking of hurricanes, the Atlantic is looking quiet at the moment and we’re at the peak of hurricane season. Source link