Author: FX
In trading, I believe there is such a thing called “psychological capital” that you need to build in addition to your educational investment and actual monetary balance. Think about it for a second. Whenever forex traders decide to quit and give up, it is not usually their money that has run out. What has really happened is that they have exhausted their psychological capital, preventing them from moving on. More than the money you put in your account, you also invest your mind in trading. As such, you must grow your psychological capital just as you would your initial money…
EUR/USD Forecast – Prices, Charts, and AnalysisEuro Area business activity remains weak.EUR/USD fails its first re-test of 1.1000 Recommended by Nick Cawley Recommended by Nick Cawley FX Trading Starter Pack Most Read: ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD RisesThe Euro Area economy continues to struggle and is set to enter a technical recession in the coming weeks. According to data provider HCOB, business activity in the Euro Area fell at a steeper rate in December, closing off a fourth quarter which has seen output fall at its fastest rate for 11 years barring only the early-2020 pandemic…
In the dynamic world of financial markets, traders constantly seek reliable tools to enhance their decision-making processes. The Perfect Trendline MT5 Indicator is one such tool that has gained popularity among traders for its precision and effectiveness in identifying trends in the MetaTrader 5 platform. In this article, we will delve into the intricacies of this indicator, exploring its features, installation process, and practical applications. Whether you’re a seasoned trader or just starting, understanding the Perfect Trendline MT5 Indicator can be a game-changer for your trading strategies. What is the Perfect Trendline MT5 Indicator? The Perfect Trendline MT5 Indicator is…
Mario Tama/Getty Images News Fisker (NYSE:FSR) announced on Friday that is started the final over-the-air software update of the year for the Fisker Ocean all-electric SUV. The electric vehicle maker expects to completely implement the update for the last customer cars by the end January of 2024. The OTA update, which can be authorized remotely by all Fisker Ocean owners, follows the previous major OTA software update– Version 1.10 in November. CEO Henrik Fisker said the update addressed issues and offered a range of new features with both Versions 1.10 and 1.11 in 2023. Fisler (FSR) expects to maintain the…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 – Analysis and ChartsFTSE 100 short-term tops outThe FTSE 100 briefly made a near three-month high at 7,725 on Thursday as risk-on sentiment prevailed amid brought forward rate cut expectations in the US from May to March of next year with a total of 150 basis points of cuts priced in by the markets. Later in the day, the UK blue chip index gave back more than half of its intraday gains, though, after it became known that three of the nine voting Bank of England (BoE)…
5/5 © Reuters. Palestinians inspect the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, in Rafah in the southern Gaza Strip December 14, 2023. REUTERS/Sami Abu Tabak 2/5 By Nidal al-Mughrabi and Fadi Shana CAIRO/GAZA (Reuters) -Israeli forces and Hamas fought fierce battles throughout Gaza on Friday, witnesses said, suggesting Israel’s ground offensive was meeting stiffer resistance as the U.S. nudged its ally to change a strategy that has inflicted a huge civilian death toll. Residents in the small enclave reported fighting in Sheijaia, Sheikh Radwan, Zeitoun, Tuffah, and…
EUR/USD 5 mins chartEUR/USD is slipping further to 1.0950 levels from around 1.0970 earlier after the French PMI data, as the German PMI data here confirms a recession in Europe to end the year. The pair does have some large option expiries at 1.0950, so that could limit losses in the session ahead before the expiries roll off.As for euro sentiment, this is a bit of a tough one as the ECB is caught in a bit of a bind. On the one hand, they can’t quite declare victory on the inflation front just yet. And even the PMI data…
GBP/USD AnalysisBank of England Unconvinced about Recent Inflation ProgressThe Bank of England’s statement on Thursday dismissed recent progress in the fight against inflation in a broad warning against complacency. The Monetary Policy Committee (MPC) could not conclusively express that both wage growth and services inflation were definitely on the path to lower levels.October’s inflation data which was released last month revealed a massive step in the right direction as both core and headline measures of inflation made notable declines. However, the BoE has focused intently on services inflation, a pocket of underlying price pressures which are yet to show conclusive…
Share: Silver struggles to capitalize on a two-day-old strong uptrend and edges lower on Friday. The technical setup favours bullish traders and supports prospects for additional gains. Corrective slide back towards the 200-day SMA could get bought into and remain limited. Silver (XAG/USD) comes under some selling pressure on Friday, snapping a two-day winning streak to over a one-week high touched the previous day and stalling this week’s strong recovery from mid-$22.00s or a near one-month low. The white metal remains on the defensive through the early European session and currently trades just above the $24.00 round figure,…
U.S. crude oil prices are knocking on a key resistance zone! Will WTI crude see another setback today? Or will the commodity see new weekly highs before the week ends? Let’s check out this 4-hour chart: WTI Crude Oil (USOIL) 4-hour Chart by TV In case you were too busy trading major forex pairs, you should know that WTI crude oil joined the anti-USD party and bounced higher this week. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the U.S. dollar and the Loonie…