Author: FX

This dollar pair seems to have hit a bottom after last week’s somewhat positive U.S. data releases. Can it keep climbing during the release of the August ISM manufacturing PMI? Expectations are for a slight improvement in the index, although the reading is still likely to reflect industry contraction. 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

Welcome to a brand spankin’ new trading month! Traders are in for a busy week with the BOC’s policy decision and global PMI updates adding to the usual U.S. NFP drama. Why the heck are these potential market movers anyway? Let’s discuss: 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

Over the weekend we had the official PMIs:China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)More detail:The private, Caixin S&P Global manufacturing PMI is much better, coming in at 50.4.From the report, in summary:Demand picked up as total new orders resumed growth, with stronger demand for intermediate goodsExports declined for the first time in eight monthsEmployment remained steady after an 11-month contractionBoth input and output prices decreasedLower prices for raw materials such as industrial metals brought down input costsOutput prices decreased amid sales pressure, with the corresponding indicator reaching the lowest level in four months–China has two primary…

The ASH and DT Oscillator Forex Trading Strategy is gaining prominence among forex traders for its innovative approach to market analysis. This strategy combines two powerful indicators the Adaptive Smoothing Histogram (ASH) and the Detrended Oscillator (DT) to offer a comprehensive view of market trends and potential trading opportunities. The ASH indicator is highly regarded for its adaptive nature, which filters out market noise and provides a clearer picture of underlying price movements. It adjusts dynamically to market conditions, smoothing price fluctuations and revealing reliable trend signals. On the other hand, the DT Oscillator complements the ASH by identifying overbought…

The TD Sequential and SM Buy Sell Pressure indicators represent a formidable duo in the arsenal of forex traders seeking to enhance their analytical approach. Developed by Tom DeMark, TD Sequential offers a systematic method for identifying potential trend reversals by counting successive price bars. This methodical approach provides traders with clear signals for entry and exit points, empowering them to make well-timed decisions in the fast-paced world of currency trading. Complementing TD Sequential is the SM Buy Sell Pressure indicator, which adds a layer of real-time market sentiment analysis to the mix. This indicator evaluates the balance between buying…

Trend following capitalizes on the market’s inherent tendency to move in a particular direction for a sustained period. By identifying these trends, traders can position themselves to potentially profit from price movements. Enter the Precision Trend Histogram (PTH), a powerful tool designed specifically for the MT4 platform to simplify trend identification for you. The PTH takes the guesswork out of deciphering price charts by translating complex calculations into an easy-to-understand histogram. This user-friendly interface makes it a valuable asset, especially for beginner and intermediate traders. Understanding the Mechanics of the Precision Trend Histogram So, how exactly does the PTH work…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia kick off the new trading month on the front foot, optimistic about a U.S. ‘soft landing’ and dovish Fed outlook, which should help boost risk appetite and the appeal of emerging market assets. The recent slide in the dollar, falling U.S. bond yields and global equity bounce have resulted in a significant loosening of financial conditions that is fueling a virtuous cycle of increasing bullishness. Data last week showed U.S. growth beating forecasts and inflation cooling, just as the Fed is about to…

ollo/E+ via Getty Images The far-right Alternative for Germany party on Sunday was on its way to achieving its first electoral victory in a state election. Its projected victory in the state of Thuringia coincided with a likely second-place finish to mainstream conservatives in the state of Saxony, according to forecasts based on early results. A new extreme left party, the Sahra Wagenknecht Alliance, or BSW, was running third in both state elections. Neither of the extremist parties is expected to have enough votes to run the state governments without negotiations to form coalitions with other parties, media reports indicated.…

The far-right Alternative for Germany (AfD) party looks set to win in a regional election, according to exit polls. AfD is projected to secure 33.5% of the vote in the Thuringia state parliamentary electionsahead of the conservative Christian Democrats (CDU), who are expected to get 24.5%. In Saxony, another region holding elections, the AfD and CDU are in a too-close-to-call race.—In early trade EUR/USD is little changed from late Friday, around 1.1048. These are regional elections only so EUR impact will be limited. But, they won’t be ignored. Especially after the strong showing of the far-right in the French elections.…

This week our currency strategists focused on inflation and GDP data, specifically from Australia and the U.S. for potential high quality setups. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like…