Author: FX

AUD/CAD looks ready to reverse its August trend! Will Australia’s monthly inflation report help turn the tides for Aussie and Loonie traders? Check out why AUD/CAD may warrant a second look ahead of Australia’s CPI report: 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

By Rae Wee SINGAPORE (Reuters) -The dollar and yen eased on Tuesday, paring some of their safe-haven gains from the start of the week in the wake of a major missile exchange between Israel and Hezbollah that stoked fears of a wider escalation. Imminent U.S. rate cuts also remained at the top of investors’ minds and further pressured the greenback, though currencies were mostly rangebound on the lack of major news in the Asian session. The yen was last 0.1% lower at 144.65 per dollar, having risen to a three-week high of 143.45 in the previous session on a flight…

I’ve got this simple GBP/AUD range setup on my radar ahead of Australia’s inflation report. Will we see a bounce or a break? Expectations are for a dip in price pressures for July, but can these be enough to affect the Reserve Bank of Australia’s policy stance? 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

Heads up, Aussie traders! We’ve got the Land Down Under’s latest inflation report comin’ right up and potentially setting the tone for RBA policy expectations ahead. What are number crunchers predicting for this 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

Russia is fighting back from the recent Ukraine offensive. Witnesses are reporting that the third round of explosions have been heard in the Ukraine capital of Kyiv.Earlier this reported that Russia launched drone attack on Kyiv. According to the Ukraine military, air defense systems were reportedly operating in the region to fight back against the offensive. This article was written by Greg Michalowski at www.forexlive.com. Source link

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1139, as against the previous day’s fix of 7.1139 and 7.1245 Reuters estimates. Source link

The foreign exchange market, or forex for short, is a dynamic and ever-evolving landscape. For traders navigating this complex terrain, having the right tools at their disposal is paramount. Enter the Profit Line MT4 Indicator, a valuable asset within the MetaTrader 4 (MT4) platform that can significantly enhance your trading experience. This article delves deep into the world of the Profit Line MT4 Indicator, equipping you with the knowledge to leverage its functionalities and potentially elevate your trading game. We’ll explore its inner workings, discuss how to add and customize it, and analyze its strengths and limitations. So, buckle up,…

The Slope Direction Line and Squeeze Break strategy has emerged as a compelling method in forex trading, harnessing the power of two distinct indicators to enhance trading decisions. This strategy combines the dynamic Slope Direction Line (SDL) indicator with the insightful Squeeze Break indicator to pinpoint optimal entry and exit points in volatile markets. The SDL indicator serves as a real-time trend identifier, adjusting fluidly to market conditions to accurately reflect trend strength and direction. This adaptability is particularly advantageous in forex, where trends can change swiftly. Alongside the SDL, the Squeeze Break indicator detects periods of low volatility (“squeeze”)…

SlavkoSereda/iStock via Getty Images Crude oil futures surged more than 3% Monday after Israel and Hezbollah exchanged strikes over the weekend and Libya’s rival eastern government said it is shutting down oil production and exports, adding to gains made Friday after Fed chair Jerome Powell indicated a start to interest rate cuts in September. Oil already was trading higher Monday after Israel sent more than 100 warplanes to take out thousands of Hezbollah missile launchers on Sunday, prompting a response from the terror group, but prices surged after Libya’s eastern government called a force majeure on all oil production and…

Apple is announcing a change in its senior management as Luca Maestri its current CFO will step down as of January 1 and be replaced by Kevan Perakh. Apple shares are trading around -0.7 in after-hours trading, after closing higher by 0.15% today. This article was written by Greg Michalowski at www.forexlive.com. Source link