Author: FX

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “the German economy sees a silver lining on the horizon.” Additional quotes The likelihood of a recession has reduced with today’s IFO data. Business climate improves across nearly all sectors. 50.7% of businesses complained about supply chain bottlenecks in Dec vs. vs 59.3% in November. Source link

AUD/USD begins the week on the front foot however, technical analysis hints at potential Aussie weakness to come. Source link

The loan carries an annual interest rate of 10% until October 31, 2023, at which time the annual interest rate for any outstanding amount increases to 15% retrospectively.The proceeds of the loan facility are expected to be used for the company’s funding obligations to advance the development of Block 11B/12B offshore South Africa, as well as for general corporate purposes.Jeromie Kufflick, Africa Energy’s CFO, commented: “We are grateful for the continued support of our key shareholders demonstrated by this bridge loan facility. The funding allows us to minimize shareholder dilution while we advance the proposed development of the large gas…

The USD Index is hovering around 104.00 bottom, despite the renewed rise in the Treasury yield. Global stock markets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off festive cheer, and with concerns over China Covid Outbreak. Asian yields dipped, while US Yields also held at lows as Treasuries continued to rise, 10yr is up 3.1 bp at 3.51%. Asian stocks have remained under pressure, with concern over China’s Covid count also weighing. China officially reported its first…

© Reuters Australia stocks lower at close of trade; S&P/ASX 200 down 0.21% Investing.com – Australia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Sydney, the declined 0.21% to hit a new 1-month low. The best performers of the session on the were Perenti Global Ltd (ASX:), which rose 10.60% or 0.12 points to trade at 1.20 at the close. Meanwhile, St Barbara Ltd (ASX:) added 4.90% or 0.04 points to end at 0.75 and Westgold Resources Ltd (ASX:) was up 4.86% or 0.04 points to…

It’s difficult to determine a definitive list of the “best” indicators for MetaTrader 4 (MT4), as different traders may have different preferences and needs when it comes to technical analysis tools. Some indicators may be more suitable for certain trading styles or markets, while others may be more suitable for different purposes, such as identifying trends, identifying entry and exit points, or measuring volatility. Here are a few indicators that are widely used and respected in the trading community: Moving Average (MA): A moving average is a trend-following indicator that smooths out price data by calculating the average price over…

MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes that is widely used by forex and CFD traders. It offers a range of advanced charting and analysis tools, as well as the ability to automate trades through the use of Expert Advisors (EAs). MT4 is available for Windows and Mac computers, as well as for mobile devices, including smartphones and tablets. It can be downloaded for free from the MetaQuotes website, although some brokers may charge a fee for using the platform or offer it as part of a paid subscription package. MT4 is known…

MetaTrader 4 (MT4) is a popular trading platform for forex and CFD traders. It offers a range of advanced charting and analysis tools, as well as the ability to automate trades through the use of Expert Advisors (EAs). If you’re a Mac user and want to use MT4, here’s a step-by-step guide on how to install it: Go to the MetaTrader 4 download page on the MetaQuotes website (https://www.metatrader4.com/en/download). Click on the “Download” button under the “Mac OS” section. A pop-up window will appear asking if you want to open the file or save it to…

There isn’t anything to take note of for today. With last week being arguably the final full-fledged trading week, the expiries board this week looks rather light for the most part. If anything else, that is indicative of the sort of market interest – or should I say lack thereof – with thinner liquidity conditions likely to prevail as we get closer to Christmas.For more information on how to use this data, you may refer to this post here.ADVERTISEMENT – CONTINUE READING BELOW Source link

EUR/USD remains sidelined after an upbeat start to the likely quiet week. Softer US data, hawkish ECB outshine Fed talks amid light calendar, year-end sluggish sentiment. Firmer yields, recession woes challenge pair buyers, sellers await US PCE Price Index. EUR/USD seesaws near 1.0600 as it snaps two-day downtrend amid early Monday in Europe. The major currency pair’s latest inaction could be linked to the cautious sentiment ahead of this week’s US data, as well as mixed concerns surrounding European growth. However, hawkish comments from the European Central Bank (ECB) policymakers and the central bank’s readiness for higher rates keep buyers…