Author: FX
EUR/USD Analysis and ChartsEUR/USD jumped this week as US inflation slowed downIt has held most of those gains through Thursday’s sessionKey resistance still eludes the bulls, howeverLearn How to Trade EUR/USD With our Complimentary Guide Recommended by David Cottle How to Trade EUR/USD The Euro has hung on to most of its recent sharp gains against the United States Dollar in Thursday’s trade but has returned some of them as the remainder of this week is short of obvious trading cues, leaving EUR/USD more adrift. The single currency has risen since early October as global markets have started to believe…
Prior was 270.5K (revised to 270.7K)The Canadian housing market has slowed dramatically but starts are still working their way through the pipeline. This article was written by Adam Button at www.forexlive.com. Source link
RAND TALKING POINTS & ANALYSISRand unable to capitalize on US initial jobless claims data.Fed officials to relate recent US economic data.Bullish divergence at trendline support could see some SUD upside to come.USD/ZAR FUNDAMENTAL BACKDROPMacro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading Knowledge Macro Fundamentals Recommended by Warren Venketas The South African rand has reached a key juncture after appreciating against the US dollar post US CPI and PPI while finding support locally through South African retail sales data. Chinese optimism has gained tractions supplementing the…
Share: – DXY adds to Wednesday’s recovery and revisits the mid-104.00s. – The resumption of the selling pressure initially targets 103.98. DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday. In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, the outlook for the index is expected to…
In the world of forex trading, precision and timing are paramount. Every decision can make or break your investment. To enhance your trading strategy, you need a tool that can help you identify potential reversals and entry points accurately. This is where the Pinbar Detector Indicator comes into play. In this article, we will explore what the Pinbar Detector MT5 Indicator is, how it works, and how it can be a game-changer for traders. What is a Pinbar? A Pinbar, short for Pinocchio bar, is a popular candlestick pattern used in technical analysis. It is characterized by a long wick…
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nasdaq 100, Nikkei 225 Analysis and ChartsDownload our Complimentary Top Trades Recommended by IG Get Your Free Top Trading Opportunities Forecast Dow returns to 35,000The index is back at the 35,000 area, the highs from early September.The past three weeks have seen the market make huge gains, with no sign of a reversal yet in view. A close above 35,100 would then open the way to the July highs at 35,650.A short-term drop might find support around the 100-day SMA, or further down towards 34,000.Dow Jones Daily ChartSee How Changes in…
The U.S. is under the spotlight today with mid-tier data releases! How will today’s calendar events influence USD demand? Let’s take a closer look at one of the closely-watched USD pairs: Bitcoin (BTC/USD!) Before moving on, ICYMI, yesterday’s watchlist looked at AUD/CHF’s short-term consolidation ahead of Australia’s labor market report release. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.S. Retail Sales in October: -0.1% m/m (0.0% m/m forecast; 0.9% m/m previous) U.S. Producer Prices Index for…
Warning: ABAT is at high risk of performing badly Source link
Who’s looking for more trend setups? If you are, then you better not miss what’s cookin’ on EUR/JPY’s 15-minute chart! I’m talking about the pair testing the 164.25 level that lines up with a resistance that held earlier today. The retest comes after EUR/JPY found support form today’s Pivot Point line and yesterday’s resistance zone. Is EUR/JPY looking at a bullish breakout in the making? Or is it due for a pullback? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic…
© Reuters. By Kane Wu and M. Sriram HONG KONG/MUMBAI (Reuters) – U.S investment giant Carlyle Group (NASDAQ:) has lowered the target for its latest pan-Asia private equity fund by at least 30% from its original $8.5 billion, three people with knowledge of the matter said, as a slowing global economy and geopolitical tensions dull investors’ appetite. Carlyle, which started raising its sixth Asia-focused fund in mid-2022, has bagged less than $3 billion so far, two of the sources said. Carlyle did not disclose to investors why it had lowered the target, the sources said, with one of the people…