Author: FX

In the ever-evolving world of trading and financial markets, precision and accuracy are paramount. Traders are constantly on the lookout for tools and indicators that can help them make informed decisions and maximize their profits. One such tool that has gained immense popularity in recent years is the Linear Regression Channel MT5 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, benefits, and how it can be effectively used in the world of trading. Understanding Linear Regression Analysis Before we dive into the Linear Regression Channel MT5 Indicator, it’s essential to have a…

Monetary policy statements from 4 central banks brought the action for forex traders this week, including the Fed who sparked a lousy week for USD bulls! Source link

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…

All eyes were on the FOMC this week who signaled the possibility of rate cuts next year, slamming USD & bond yields deep into the red for the week. Source link

Share: USD/JPY is down almost 2% from Monday’s opening bids. A pivot from the Fed saw the US Dollar decline sharply across the broader forex market. Next week pits the BoJ’s last rate call of the year against US GDP & PCE figures. The USD/JPY wrapped up the trading week struggling to develop momentum in either direction from the 142.00 handle after the US Dollar (USD) slumped against the Japanese Yen (JPY) following a mid-week pivot from the US Federal Reserve (Fed), with the central bank finally meeting market participants in the middle on rate cut expectations heading…

Share: The NZD/JPY hovers around 88.40, marking a gain of 0.30% after recent bearish pressure. Key indicators gain ground, but bears are still in command in the short term. Despite short-term hurdles, evident by residing below the 20-day SMA, the NZD/JPY pair remains within bullish controls in a larger context. In Friday’s session, the NZD/JPY made slight gains to 88.40 after dipping 1.30% over the past two days. Although the pair’s daily chart reflects a neutral to bearish trend, buyers seem to have control of larger time frames. Meanwhile, the four-hour chart’s indicators hint at a bolstering buying momentum, suggesting…

Share: The Canadian Dollar has slowed recent gains but tests into the high side. Bank of Canada Governor Macklem due to make an appearance to round out the week. Crude Oil bids have deflated in the American trading session as Fed comments cool market rate cut hopes. The Canadian Dollar (CAD) has paused near the top end of the week’s chart action as market participants digest updated comments from Federal Reserve (Fed) officials strongly suggesting that market expectations may have run far ahead of the Fed’s expectations of rate cuts in 2024. Bank of Canada (BoC) Governor Tiff…

USDCAD daily chartThe weather is cooling off in Canada but the currency has heated up.USD/CAD fell to a four-month low today despite some US dollar strength elsewhere. Bank of Canada governor Tiff Macklem helped along the move as he pushed back against rate cut talk.”We have not started having that discussion (about cutting rates), because it’s too early to have that discussion. We’re still discussing whether we raised interest rates enough and how long they need to stay where they are,” he said.He did offer a nod that “conditions increasingly appear to be in place to get us (to 2%…

German inflation slowdown is good newsIt’s too early to consider ECB cutsThe slowdown in Europe compared to the US has been stark in the past few months. It’s clear the economies are on different paths, even if Lagarde is loathe to acknowledge it. This article was written by Adam Button at www.forexlive.com. Source link

Share: GBP/JPY remains neutral to downward bias but retains potential upside risks. A break below key support levels at 178.03 and 176.30 to pave the way for a deeper fall toward the March 23 low of 158.25. On the upside, the pair needs to stay above the 180.00 level to maintain the potential for an upward move. On Friday, the GBP/JPY remains offered late in the North American session and is set to end the week in the red after the pair slumped below the Ichimoku Cloud (Kumo), which exacerbated its fall to new two-month lows of 178.33.…