Author: FX
UK retail sales dip 0.3% in October Source link
Looking for trends to jump into before the trading week ends? If you are, you’re in luck because AUD/JPY just settled at a possible inflection point! The pair turned lower from the 98.50 levels earlier this week and received enough bearish momentum to drop all the way down to the 97.40 area. Hey, that’s around where the R1 (97.26) Pivot Point and previous resistance points are in the 4-hour time frame! Coincidentally, AUD/JPY’s current levels are also not too far from a trend line support that’s been around since late October. Can AUD/JPY extend its uptrend? AUD/JPY 4-Hour Forex Chart…
2/2 © Reuters. Weapons and equipment which Israel’s army says it found at Al Shifa hospital complex in the Gaza Strip, as seen in a handout picture released by the Israel Defense Forces on November 15, 2023. Israel Defense Forces/Handout via REUTERS 2/2 By Nidal al-Mughrabi and Ari Rabinovitch GAZA/JERUSALEM (Reuters) -Israeli soldiers found a tunnel shaft used by Hamas militants at Gaza’s Al Shifa hospital, the army said, while the U.N. voiced concern no aid would be delivered to Palestinians on Friday via the Rafah crossing with Egypt. The army released a video it said showed a tunnel entrance…
In the fast-paced world of financial markets, traders and investors are constantly on the lookout for tools and strategies that can help them make informed decisions. One such tool that has gained significant popularity in recent years is the Harmonic Pattern MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its functionality, benefits, and how it can be a valuable asset in your trading arsenal. Understanding Harmonic Patterns Before we dive into the MT4 Indicator, let’s first grasp the concept of harmonic patterns in the context of technical analysis. Harmonic patterns are a unique…
In the world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained immense popularity among traders is the Bollinger Bands MT4 indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring how it works, its applications, and how traders can use it effectively to make informed decisions. Whether you are a novice trader or a seasoned pro, understanding the Bollinger Bands MT4 indicator is essential for enhancing your trading strategy. Understanding Bollinger Bands What Are Bollinger Bands? Bollinger Bands…
Lagarde the highlight although it appears likely we’ll get pertinent remarks from a few of these listed below0800 GMT / 0300 US Eastern time: French central bank head Francois Villeroy de Galhau is to speak at a conference hosted by France’s ACPR financial sector regulator 0800 GMT / 0300 US Eastern time: Bank of Spain governor Pablo Hernandez De Cos to open financial conference in Madrid 0830 GMT / 0330 US Eastern time: Keynote speech by ECB President Christine Lagarde at the 33rd Frankfurt European Banking Congress 1100 GMT / 0600 US Eastern time: Robert Holzmann, who heads the Austrian…
In the world of forex trading, making informed decisions is paramount to success. Traders are constantly seeking tools and indicators to help them analyze the markets effectively. One such powerful tool is the Ichimoku Kinko Hyo MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, benefits, and how it can be a game-changer for traders. Understanding Ichimoku Kinko Hyo Ichimoku Kinko Hyo, often referred to as just “Ichimoku,” is a versatile technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. It provides a comprehensive view of price action,…
In the world of forex trading, success often hinges on the ability to make informed decisions. Traders rely on various tools and strategies to gain an edge in the volatile markets, and one such tool that has proven invaluable is the Moving Average (MA) indicator. Among the multitude of MAs available, the Best Moving Average MT4 Indicator stands out as a powerful ally for traders seeking clarity in their trading decisions. In this article, we will delve into the intricacies of this indispensable tool, exploring its features, applications, and why it has become a staple in the arsenal of forex…
Share: GBP/USD losses ground despite stronger US jobless claims data. US Initial Jobless Claims rose to 231K compared to the expected 220K. Pound Sterling faced a challenge due to the downbeat UK inflation data. GBP/USD moves sideways with a negative tone near 1.2410 during the Asian hours on Friday. The US Dollar (USD) receives upward support despite the upbeat jobless claims data from the United States (US) and a decline in the US Treasury yields. US Continuing Jobless Claims for the week ending on November 3 increased to the highest level since 2022 at 1.865 million, compared to the…
US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USDThe U.S. dollar could head lower in the near termThe pullback in U.S. Treasury yields will act as a headwind for the greenbackThis article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in playMost Read: Gold Price Forecast – XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes BuildThe U.S. dollar, as measured by the DXY index, has fallen more than 2.15% this month. Over the last couple of days, however, the selling pressure has eased, allowing the broader greenback to perk up modestly. Despite…