Author: FX
Imagine a dynamic channel plotted on your trading chart, constantly adapting to market volatility. That’s the essence of ATR Channels! This technical indicator utilizes the Average True Range (ATR), a volatility measure, to construct upper and lower bands around a chosen moving average. As market volatility fluctuates, these bands expand and contract, visually depicting potential areas of support and resistance. Understanding the Functionality of ATR Channels Now that we’ve established the building blocks, let’s explore how ATR Channels function within the MT5 platform. How ATR Channels are Constructed The construction of ATR Channels revolves around three key elements: Moving Average…
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…
Gold prices fall during a quiet North American session with US markets closed for Labor Day. Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision. Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment risks, raising recession concerns. Geopolitical tensions linger as President Biden may propose a ceasefire deal between Israel and Hamas, potentially affecting markets. Gold prices dipped during the North American session amid thin volumes due to US markets being closed during Labor Day observance. Conversely, the Greenback remains…
By Jeff Mason and Matt Spetalnick WASHINGTON (Reuters) -President Joe Biden said on Monday that Israeli Prime Minister Benjamin Netanyahu was not doing enough to secure a deal for the release of hostages held in Gaza by Hamas and the U.S. was close to presenting a final proposal to negotiators working on a hostage and ceasefire agreement. Biden was speaking to reporters at the White House after Israeli forces over the weekend recovered the bodies of six hostages, including 23-year-old American-Israeli Hersh Goldberg-Polin, from a tunnel in Gaza. Israel’s military said they had been recently killed by Palestinian Hamas militants.…
With the US on holiday, European traders had little incentive to get markets moving today. There was some early selling that recovered for a flat close.Stoxx 600 flatGerman DAX +0.1%Francis CAC +0.2%UK’s FTSE 100 -0.2%Spain’s IBEX flatItaly’s FTSE MIB -0.1%I would expect price action to perk up tomorrow and September is typically a volatile month. This article was written by Adam Button at www.forexlive.com. Source link
EUR/USD recovers as the chances remain quite high that the Fed might have to make steep cuts to interest rates. The Euro gains support as interest rates in the Eurozone could stay higher for longer due to persistent wage inflation. EUR/USD trades marginally higher in the 1.1060s on Monday, as the Euro (EUR) strengthens against the US Dollar (USD) on the back of still-high probabilities the Federal Reserve (Fed) could implement a sharp cut in interest rates at their September meeting. This, in turn, weighs on the USD because lower interest rates make it less attractive to foreign investors, lowering capital inflows. The…
(Reuters) – Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a market correction. Last month, Alphabet (NASDAQ:) Inc’s lost 4.7% of its market value as a slowdown in YouTube’s advertising sales fuelled concerns about its earnings. A U.S. judge’s ruling that Google had violated antitrust laws and the emergence of new competition from OpenAI, which is developing an AI-based search engine prototype, also contributed to its shares’ decline. Amazon.com Inc (NASDAQ:)’s market value fell 4.5%, affected by slowing online…
Rate cuts by year-endFed: 99 bps (69% probability of 25 bps rate cut at the upcoming meeting) ECB: 58 bps (98% probability of 25 bps rate cut at the upcoming meeting) BoE: 39 bps (78% probability of no change at the upcoming meeting) BoC: 75 bps (79% probability of 25 bps rate cut at the upcoming meeting) RBA: 19 bps (94% probability of no change at the upcoming meeting)RBNZ: 72 bps (79% probability of 25 bps rate cut at the upcoming meeting) SNB: 51 bps (70% probability of 25 bps rate cut at the upcoming meeting) Rate hikes by year-endBoJ:…
Here is what you need to know on Monday, September 2: Major currency pairs fluctuate in narrow channels at the beginning of the week. The European economic docket will feature revisions to August HCOB Manufacturing and Services PMI data for the Eurozone, Germany and the UK. Financial markets in the US and Canada will remain closed in observance of the Labor Day holiday. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the Japanese Yen. USD EUR GBP…
I’m seeing a textbook break and retest situation on the daily chart of EUR/CAD! Will this potential support zone still hold or will we see a breakout this time? EUR/CAD Daily Forex Chart by TradingView Last week’s crude oil rally propped the commodity-related Loonie higher against most of its forex peers, allowing EUR/CAD to retreat from its 1.5200 highs. The pair is down to the 50% Fibonacci retracement level on its latest upswing seen on the daily time frame. A larger correction could reach the 61.8% Fib, which is also around a former resistance area and the rising trend line…