Author: FX
Strategy: Big MACD Breakfast The Big MACD Breakfast is a trend-following strategy. This straightforward approach utilizes 200 moving averages, MACD and 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 Big MACD Breakfast strategy has identified a trading opportunity on the USD/JPY pair within the H1 timeframe. I’ve shared a…
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 price remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and exerts some pressure on the XAU/USD. Geopolitical risks might continue to act as a tailwind and limit losses for the precious metal. Gold price (XAU/USD) trades with a negative bias for the fourth straight day on Monday, albeit it lacks follow-through selling and remains confined in a familiar range held over the past week or so amid mixed fundamental cues. Friday’s upbeat US jobs report smashed market expectations for a more aggressive policy easing…
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our Event Guide for RBNZ’s Decision suggests that there’s room for as much as a 50bps rate cut from the central bank in October. But with traders already pricing in a rate cut for days, we could actually see a net positive outcome for the New Zealand dollar, even with the rate reduction. Here’s why we’re keeping a close eye on NZD/JPY and GBP/NZD in case the Kiwi surprises with a bullish move. This Article Is For Premium Members Only Become…
General Dynamics secures $377M contract modification for U.S. Navy Source link
Investing.com – Australia stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Sydney, the gained 0.68%. The best performers of the session on the were EML Payments Ltd (ASX:), which rose 7.50% or 0.05 points to trade at 0.65 at the close. Meanwhile, Magellan Financial Group Ltd (ASX:) added 6.44% or 0.62 points to end at 10.24 and Zip Co Ltd (ASX:) was up 5.69% or 0.14 points to 2.70 in late trade. The worst performers of the session were Fisher & Paykel Healthcare Ltd (ASX:), which…
Will the Reserve Bank of New Zealand (RBNZ) cut interest rates again this week? Expectations are for an aggressive 0.50% reduction in borrowing costs, as policymakers worry about risks of inflation undershooting their target. Here’s what I’m watching on NZD/CHF and NZD/CAD in this dovish scenario. 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
Word around is that the RBNZ is about to cut its interest rates by as much as 50 basis points! How may NZD react to the news? We’re giving you points that might help if you’re trading the event! 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
China’s gold reserves sat at 72.8 million fine troy ounces at the end of September, for a fifth straight monthData via the People’s Bank of China released on Monday.In USD terms 191.47bn in September vs. 182.98bn in AugustFX reserves 3.316tln USD vs. 3.288 tln end-August. Source link
There’s no shortage of top-tier market catalysts this week since we’ve got a couple of central bank events, plus U.S. inflation and Canada’s employment figures to boot. Don’t forget that Fed monetary policy expectations tend to shape overall market sentiment also, so Uncle Sam’s CPI and PPI figures could tip the scales when it comes to the size and timing of rate cuts. What are the markets expecting from these reports? 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…