Author: FX

BEIJING (Reuters) – China’s industrial output growth slowed to a five-month low in August, while retail sales also weakened further, raising the case for bolder stimulus to shore up the world’s second-largest economy. The sluggish data released on Saturday contrasted with the robust export growth seen in August, underscoring the uneven nature of China’s economic recovery. Industrial output in August expanded 4.5% year-on-year, slowing from the 5.1% pace in July and marking the slowest growth since March, data from the National Bureau of Statistics (NBS) showed on Saturday. That missed expectations for 4.8% growth in a Reuters poll of 37…

The i-High Low and Stochastic RSI strategy has emerged as a potent combination, harnessing the power of two sophisticated indicators to effectively navigate the complexities of currency markets. This strategy identifies critical price levels and provides insights into market momentum, equipping traders with the tools needed to make informed trading decisions. The i-High Low indicator serves as a cornerstone of this strategy by dynamically identifying significant high and low price points over a specified period. Unlike traditional high-low indicators, the i-High Low adapts to market volatility, offering a real-time view of price extremes. By plotting these levels on charts, traders…

This strategy stands out in its focus on quality over quantity when it comes to market volatility. Instead of simply reacting to price fluctuations, traders use specific indicators to sift through the noise and identify trends that are likely to have real staying power. The breakout box aspect of the strategy adds another layer of clarity by defining clear levels where significant price movements could occur, giving traders precise signals for when to enter or exit trades. But perhaps the real strength of this strategy lies in its proactive nature. It’s not about waiting for things to happen it’s about…

Have you ever felt lost in the sea of technical indicators, unsure of which ones can truly provide valuable insights into the ever-changing market landscape? Well, fret no more! Today, we’ll be diving deep into the world of the Momentum Divergence MT4 Indicator, a powerful tool that can equip you with the knowledge to spot potential trend reversals and make informed trading decisions. This comprehensive guide, written clearly and concisely, will unveil the secrets of the Momentum Divergence MT4 Indicator, from its fundamental functionalities to advanced trading applications. Whether you’re a seasoned trader or a curious newcomer, this article aims…

The Spread and Valid Swing Low strategy is a cornerstone of successful forex trading, combining precise price analysis with an acute awareness of market dynamics. This strategy revolves around identifying pivotal swing highs and lows on price charts, crucial points where price momentum often shifts. These points serve as strategic markers for traders, offering clear entry and exit signals based on market movements. What distinguishes this strategy is its integration of spread dynamics—the difference between bid and ask prices. Understanding how spreads behave at these critical junctures is essential for accurately assessing trading costs and optimizing profit potential. Accurate implementation…

The major currencies saw increased volatility & unusual price action as traders repriced their interest rate biases, and reacted to data releases and risk sentiment shifts. Source link

The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions. The RSI is oversold and has a declining slope, indicating that selling pressure is increasing. The MACD is also negative and the histogram is rising. Friday’s session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another day of losses. The pair has been in a downtrend over the past week, closing lower in four of the last six sessions. The overall technical outlook for the NZD/JPY is negative, and the pair is likely to continue to decline in the near term. The…

It’s been a wild week across the major asset classes, driven by shifting risk sentiment and changing expectations around Fed rate cuts. Wide swings in oil prices was probably the most notable, as global demand worries, supply news and geopolitical developments all came into play. So, what were the key headlines that shook up the markets? Let’s dive in: 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 Plus More! Source link

EUR/USD may have reached too far, too fast in midweek recovery. ECB rate cut bump proved fleeting as markets pivot to focus on Fed. Investors are jostling for position as rate market weigh odds of a 50 bps Fed cut. EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the Euro once again and returned Fiber to the day’s opening bids. The pair has fumbled a near-term technical recovery after a midweek pivot back into the bullish side, and the pair remains constrained as traders pivot to watch for the Federal Reserve’s (Fed) upcoming rate…

NASDAQ and S&P indices end the week with five straight days of gainsAs the day and week comes to a close, the JPY is ending the day as the strongest of the major currencies and the NZD is the weakest. The US is ending the day mixed with most of the declines coming vs the JPY and the CHF and gains vs the AUD and NZD. The greenback was near unchanged vs the EUR, GBP, and CAD today. The NZDUSD moved lower today after reaching new highs near the 100 bar MA on the 4-hour chart near 0.6195. The subsequent…