Author: FX

Share: The Greenback trades in the green against every major G20 peer. Traders are seeing US yields halt their decline as the Fed dampens hopes for a quick rate cut.  The US Dollar Index flirts with a jump to 104.00. The US Dollar (USD) trades stronger on Wednesday ahead of the Thanksgiving festivities on Thursday. The publication of the Fed Minutes from their recent rate decision revealed that the whole board agrees that cuts are not in the plan for the upcoming meetings. This pours cold water on the market bets that cuts might be very close, even…

In the fast-paced world of financial trading, having the right tools at your disposal is crucial for success. One such tool that has been gaining significant attention in recent times is the M W Pattern MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, functionality, and how it can be a game-changer for traders. So, fasten your seatbelts as we embark on a journey to uncover the secrets of this powerful trading tool. Understanding Technical Indicators Before we dive into the specifics of the M W Pattern MT4 Indicator, let’s take a…

EUR/USD Forecast – Prices, Charts, and AnalysisFOMC minutes give little away, leaving the US dollar rudderless.UK Autumn Statement may give Sterling a boost.Download our Complimentary Guide to Trading EUR/USD Recommended by Nick Cawley How to Trade EUR/USD The Federal Reserve is very unlikely to cut interest rates anytime soon and may hike them if inflation remains uncomfortably high. The minutes showed that monetary policy will remain restrictive until inflation towards goal (2%) but that FOMC members believe that the central bank can ‘proceed carefully’ when making any decisions. Overall the minutes were fairly balanced and left the US dollar with…

Spencer Platt/Getty Images News Stock index futures were cautious Wednesday ahead of a last morning batch of economic numbers before Thanksgiving. S&P futures (SPX), Nasdaq 100 futures (NDX:IND) and Dow futures (INDU) were little changed. “Today will slow down very rapidly as the New York lunchtime approaches as planes, trains and automobiles are sequestered,” Deutsche Bank’s Jim Reid said. “Ahead of that we have a squeezed data dump in the US.” The 10-year Treasury yield (US10Y) fell 2 basis points to 4.40%. The 2-year yield (US2Y) was flat at 4.88%. Before the bell, weekly initial jobless claims arrive. The forecast…

EUR/CHF is testing a key support zone ahead of the Eurozone PMI releases! If you were watching other currency pairs, you should note that EUR/CHF tried to make new monthly highs earlier this week thanks in part to a risk-friendly trading environment. But the R1 (.9680) Pivot Point line and previous resistance zone was too strong and EUR/CHF ended up falling all the way to the .9640 zone. It didn’t help that the FOMC meeting minutes underscored the Fed’s hawkishness and rained on the risk-takers’ parade ahead of a long weekend in the U.S. Will EUR/CHF…

© Reuters. The exchange rate surged to an eleven-week peak, reaching CA$1.7220 on Tuesday, following hawkish comments from Bank of England (BoE) officials and expectations of tax cuts. BoE Governor Andrew Bailey, during his testimony to the Treasury Select Committee, cautioned about the persistent risks of high-level inflation, while Monetary Policy Committee (MPC) member Catherine L. Mann projected ongoing wage and price pressures into 2024. On the same day, Canada reported a marginal increase in consumer prices by 0.1% for October. However, headline inflation unexpectedly dropped to 3.1%, with core inflation decreasing slightly to 2.7%. Despite a significant annual decrease…

There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0925, which isn’t one that holds any technical significance. However, the expiries could help to limit any upside price action on the day before rolling off. That being said, the dollar is on a slight recovery path so far today and EUR/USD is contesting its 100-hour moving average at 1.0900 currently and that’s the more important level.For more information on how to use this data, you may refer to this post here. Source link

Share: GBP/USD attracts some sellers around 1.2525 in Wednesday’s early European session. The pair holds above the 50- and 100-hour EMA with an upward slope; the RSI indicator stands in bullish territory above 50. 1.2580 acts as an immediate resistance level for GBP/USD; the initial support level is located at 1.2456. The GBP/USD pair snaps the three-day winning streak during the early European session on Wednesday. The downtick of the major pair is backed by renewed US dollar demand. At the press time, GBP/USD is losing 0.09% on the day to trade at 1.2525.On Monday, the Bank of…

© Reuters. FILE PHOTO: Students who walked out of their Montgomery County, Maryland, schools protest against gun violence in front of the White House in Washington, U.S., February 21, 2018. REUTERS/Kevin Lamarque/File Photo By Nate Raymond (Reuters) -A U.S. appeals court on Tuesday declared that Maryland’s licensing requirements for people seeking to buy handguns were unconstitutional, citing a landmark U.S. Supreme Court decision last year that expanded gun rights. A three-judge panel of the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals on a 2-1 vote blocked enforcement of a 2013 Maryland law that required people to undergo training and…

In the ever-evolving world of forex trading, staying ahead of the curve is essential. Traders are constantly seeking tools and indicators that can provide them with an edge in the market. One such tool that has garnered attention is the ADR Order Block Finder MT4 Indicator. In this article, we will delve into the world of ADR (Average Daily Range) and explore how this indicator can revolutionize your trading strategy. Understanding ADR in Forex Before we dive into the intricacies of the ADR Order Block Finder MT4 Indicator, let’s grasp the concept of the Average Daily Range in the forex…