Author: FX
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the EUR/GBP pair within the H1 timeframe. I’ve shared a trade setup image for your…
NZD/USD has marked the three-month low at 0.5957 on Monday. The US Dollar appreciates due to market caution ahead of the upcoming US presidential election. The RBNZ is widely anticipated to deliver another 50-basis-point rate cut in November. NZD/USD trims its daily losses, trading around 0.5970 during the European hours on Monday. The US Dollar (USD) receives support due to market caution ahead of the upcoming US presidential election in November. Over the past three weeks, allies of former President Donald Trump have faced at least 10 court defeats in key battleground states that could impact the outcome of the…
jetcityimage/iStock Editorial via Getty Images Eli Lilly (NYSE:LLY) received approval from the Hong Kong government to launch its weight-loss drug—Mounjaro, with sales expected to begin as early as year-end, Bloomberg reported. The company got approval to sell its tirzepatide injections—branded as Mounjaro—in a device called Kwikpen. Mounjaro is Source link
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high streets, but in Europe there are signs that shops are back in vogue and are important for helping to drive online sales. European retailers are investing in physical shops to stimulate both online and offline sales as they face increasing competition from giant e-commerce companies, such as fast-fashion group Shein. They also want to capitalise on people’s renewed appetite for visiting shops once COVID-19 lockdowns ended, which has made a…
Cable has just halted a downswing around a potential technical support zone. Will GBP/USD find enough demand at the level to extend a long-term trend? We’re checkin’ out the daily chart! GBP/USD 1-hour Forex Chart by TradingView In case you missed our last FX Weekly Recap, you should know that the U.S. dollar got a lot of support from shifting Fed interest rate expectations and a potential Trump presidency leading to higher inflation in the U.S. The British pound wasn’t a slacker either, as it maintained its gains against “riskier” FX counterparts after a BOE member hinted at higher terminal…
With a full slate of GDP, inflation, and central bank updates, markets are set for a whirlwind of economic insights this week. As the BOJ, global data releases, and U.S. job figures take the stage, traders will be sizing up each report for clues on future rate paths and growth momentum. Before all that, make sure you’re updated on the global intermarket moves and major FX themes that pushed the major financial assets around last week. Now here’s what market analysts are expecting from this week’s catalysts: This Article Is For Premium Members Only Become a Premium member…
Info comes via Reuters, updating the Citi outlook for oil. Lowers 0-3 month Brent oil target price to $70/bbl (from $74/bbl)Lowers Q4 2024 Brent forecast to $70/bbl (from $74/bbl)Recent Israel military action is unlikely to be seen by the market as leading to an escalation that impacts oil supplyWe expect a lower geopolitical risk premium in our base case, than we previously assumed Oil gapped lower in Sunday evening (US time) futures trade:Oil update – Brent (futures) circa $72Israel strikes on Iran look designed to minimize the chance of retaliation This article was written by Eamonn Sheridan at www.forexlive.com. Source…
NZD/USD weakens to near 0.5970 in Monday’s early Asian session. Expectation of slower pace of Fed rate reductions boosts the US Dollar. Fresh stimulus policies from China might help limit the NZD’s losses. The NZD/USD pair trades with mild losses around 0.5970 on Monday during the Asian trading hours. The firmer Greenback amid stronger US economic data and the less dovish stance of the US Federal Reserve (Fed) undermine the pair. Meanwhile, the USD Index (DXY), which tracks the US Dollar (USD) against a basket of currencies, currently trades near a three-month top of 104.50. US rate futures have priced in a…
The Total Power and Fractal Channel Forex Trading Strategy is designed to simplify your trading process while boosting accuracy. If you’ve ever struggled with deciding when to enter or exit trades, this strategy aims to clear up that confusion by combining two reliable indicators. The Total Power Indicator helps you figure out if the market is being controlled by buyers or sellers, giving you a better sense of the overall trend. Meanwhile, the Fractal Channel helps spot key price levels where the market could reverse, making it easier to time your trades. Using the Total Power Indicator, you get a…
Have you ever felt like the market is taking a breather after a strong move, only to see it pick up steam again in the same direction? This is a classic sign of a flag or pennant pattern, a chart formation beloved by technical analysts for its potential to predict trend continuations. But how can you identify these patterns with confidence, especially in the fast-paced world of online trading? Enter the world of MT4 Flag and Pennant indicators, automated tools that can streamline your technical analysis and potentially elevate your trading game. This comprehensive guide dives deep into the world…