Author: FX
Technical indicators are some of the most helpful tools for many traders. Although not everyone would agree with this, technical indicators could help traders make good trade setups when used properly. One thing to keep in mind though is that technical indicators are just that – indicators. As such, traders should not blindly follow a single technical indicator and expect to consistently profit from the market. All the indicator is doing is indicating where price might be heading based on historical price movement data. Instead of blindly following a technical indicator as the only trade signal, traders should look for…
Share: EUR/USD extends the upside bias beyond 1.0800. Further gains could see the monthly high near 1.0930 revisited. EUR/USD adds to the promising start of the week and surpasses the key 1.0800 hurdle on Tuesday. The continuation of the bullish move appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2). Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0335. EUR/USD daily chart …
Market volatility and the spike in risk aversion have continued to benefit Gold, while weighing on Oil prices. Bullion is still flirting with the $2,000 mark. The Fed may have gone ahead with another 25 basis point hike, but that only added to fear that aggressive rate hikes will see the global economy sliding into recession. Oil prices are struggling in this climate, especially as China’s recovery has remained subdued so far. Oil prices managed a weekly gain last week but remained capped by ongoing volatility in markets as central banks continued to hike rates. Investors fear that officials are…
Amir Levy/Getty Images News Israel has been rocked by weekly protests since a series of judicial reforms were unveiled in January, but the situation came to a head on Monday, as coalition divisions became apparent and the country’s largest labor union threatened to shut down the country. Flights were grounded at Ben Gurion international airport, ports, banks and schools began to close, while a strike by the medical association left hospitals with skeleton crews. Earlier, military reservists from key units had refused to serve, triggering national security threats, and while Defense Minister Yoav Gallant flagged the concerns, he was fired…
AUDUSD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda How to Trade AUD/USD Most Read: US Dollar Struggles to Gain Ground as Treasury Yields Leap. Where to for USD?AUDUSD FUNDAMENTAL BACKDROPAUDUSD caught a fresh bid in the Asian session with a retest of the 0.6700 level helped by marginally better than forecast retail sales numbers. The preliminary MoM retail sales data came in 0.2% against forecasts of 0.1% yet displayed a sharp drop from the January print of 1.8%. The Aussie Dollar has also benefitted from an improvement in risk sentiment and a lackluster start to the week by the…
Trading Leveraged Products is risky Banking stocks rose across the spectrum yesterday into the Asian and European sessions, easing worries over illiquidity and any further bank runs, for now. JPY is over performing peers after yesterday’s weakness. US Stocks were mixed and the USD weaker as Treasury yields recovered across the curve, but all remain under 4%. European and US FUTS are currently higher. First Citizens Bank gained +53%, FRC +11.80%, BAC, +4.97% led the Wall Street behemoths and Oil stocks were lifted by a rise in crude prices. Andrew Bailey said too many UK workers were retiring early, EU…
Who else is looking at the dollar today? I hope you are because the U.S. dollar index looks ready to extend a downtrend while Bitcoin (BTC/USD) is facing a possible reversal! Check out their 1-hour and 4-hour charts: U.S. Dollar Index (DXY): 1-hour U.S. Dollar Index (DXY) 1-Hour Forex Chart by TradingView Don’t look now but the U.S. dollar index just turned lower from the 103.00 psychological handle! And why not? The area lines up with the 1-hour chart’s 100 SMA and a descending channel resistance that hasn’t been broken in three weeks. Does this mean that the index will…
USD/JPY is a notable mover, down 0.7% to 130.65 at the moment after the move higher yesterday starts to fizzle out. Lower bond yields is part of the picture but repatriation flows amid the Japanese fiscal year-end could also be a factor in play. For now, the 130.00 mark is the crucial support point as the pair erases its gains from yesterday:The dollar is also sitting slightly lower against the euro and pound, with EUR/USD up above 1.0800 and GBP/USD up above 1.2300 on the day. Against the antipodeans, the greenback is also struggling with AUD/USD up 0.6% to 0.6690…
Share: Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Tuesday, it is too early to debate an exit from easy monetary policy. Key quotes “Sustainable inflation target has not yet been met.” “Thus. it’s premature to debate exit from easy monetary policy.” “More time is needed to stably and sustainably hit the price target.” Market reaction The Japanese yen is holding the recovery momentum on Kuroda’s words, as USD/JPY is shedding 0.70% on the day to trade at 130.63. Source link
Snap taps ex-Microsoft ad leader to run its Americas sales Source link