Author: FX

It’s easy to get caught up in daily defeats, isn’t it? Your forex trading strategy isn’t working. You’re losing money hand over fist even though you know your system works over the long-term and you’re following all the rules. If you aren’t careful, you could let it discourage you, allowing negative thoughts like giving up, feeling like a failure, or thinking you’ll never make it as a trader creep into your psyche. Unfortunately, it does happen to us all, so when you are discouraged by everyday setbacks, it’s crucial to keep your eye on the big picture: you could be…

In the fast-paced world of trading, staying ahead of the curve is essential. To make informed decisions, traders need reliable tools and indicators that provide insights into the market’s dynamics. One such tool that has gained popularity among traders is the Multi Time Frame (MTF) indicator for MetaTrader 5 (MT5). In this article, we will delve into the world of MTF indicators, exploring what they are, how they work, and how you can effectively use them to boost your trading strategies. Understanding Multi Time Frame (MTF) Indicators What Are MTF Indicators? MTF indicators are technical analysis tools that allow traders…

Prior +2.4%Core CPI +3.4% vs +3.5% y/y expectedPrior +3.6%Headline annual inflation may show a jump in price pressures but core annual inflation actually eased slightly further in December to 3.4%, down from 3.6% in November. As such, this still reaffirms the ECB’s case to remain in pause mode at least for the time being. However, if price pressures start to become stickier in and around the 3% mark, that may see policymakers struggle to sell any talk of an imminent pivot. So, we’ll see. Source link

Share: EUR/GBP loses ground on weaker-than-expected November Sales data from Germany. German Retail Sales YoY and MoM declined by 2.4% and 2.5%, respectively. Improved UK credit and housing data might have supported the British Pound. EUR/GBP has almost retraced its recent profits, losing ground near 0.8610 during the European session Friday. The Euro (EUR) lost ground against the British Pound (GBP) as German Retail Sales data for November revealed a drop in November sales of the German retail sector. German Retail Sales (YoY) declined by 2.4% against the expected fall of 0.5% and 0.1% decline previously. The monthly sales…

AlxeyPnferov The au Jibun Bank Japan Services PMI rose to 51.5 in December from 50.8 in November to extend the current sequence of rising business activity to 16 months. The expansion was only modest, however, and the second-weakest recorded in 2023. However, the final number was revised lower in December 2023 from 52.0 in the preliminary figure. December data highlighted a stronger improvement in business activity, as firms cited increased customer numbers across the Japanese services sector for the first time in four months. New orders grew the most since September, supported by domestic demand. Foreign demand fell for the…

Stock market bulls seem to be hitting the pause button on the S&P 500’s climb. Does this mean that a selloff is in order? Here’s the reversal confirmation zone I’m watching on the 4-hour chart. S&P 500 Index (SPX500) 4-hour Chart by TV This equity index made a couple of failed attempts to break past the 4,800 mark and is back down to testing support at 4,700. Risk-off flows and pro-dollar moves are returning to the markets, following an upside ADP jobs report surprise. After all, this could mean that the NFP might beat estimates once again, dashing hopes of…

© Reuters. FILE PHOTO: Labourers work at the construction site of a residential building in Mumbai’s central financial district April 6, 2015.REUTERS/Danish Siddiqui/File Photo By Shaloo Shrivastava BENGALURU (Reuters) – India’s services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand and an optimistic year-ahead outlook, a private survey showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, rose sharply in December to 59.0 from November’s one-year low of 56.9. That marked the 29th month of expansion with the index well above the 50-mark…

I’ve been banging on about a likely sell of BTC in my posts earlier:Multiple social media sources suggest imminent approval of bitcoin spot ETF applicationsI’ve been speaking with someone who is suggesting that when the news is finally confirmed it’ll be a ‘sell the fact’. I concur.Is this confirmation that a spot Bitcoin ETF has been officially approved?’sell the fact’ response from the crypto market. be careful of this if you are plunging in.I haven’t heard any official news on a spot BTC ETF approval. But the price has been slammed: This article was written by Eamonn Sheridan at www.forexlive.com.…

DECEMBER NONFARM PAYROLLS REPORTThe U.S. Bureau of Labor Statistics will release the December employment survey on FridayU.S. employers are forecast to have hired 150,000 workers last month, following a gain of 199,000 jobs in NovemberThe strength or weakness of the labor market will likely guide the Fed’s next steps in terms of monetary policy Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Wavers Ahead of US Jobs Data, Tech Setups on USD/JPY, AUD/USD, GoldWall Street will be on high alert on Friday…

In the fast-paced world of Forex trading, having the right tools at your disposal can make all the difference between success and disappointment. One such tool that has garnered significant attention and acclaim among traders is the Average Daily Range (ADR) MT4 Indicator. In this article, we’ll delve into what this indicator is, how it works, and why it’s become an essential part of many traders’ arsenals. What is the Average Daily Range (ADR) MT4 Indicator? To understand the Average Daily Range MT4 Indicator, let’s break it down step by step. The ADR MT4 Indicator, also known as the Average…