Author: FX
EUR/USD posts mild gains on Tuesday’s European session, but remains trapped below 1.1550, changing hands at 1.1530 at the time of writing. German GDP data failed to boost the Euro (EUR), but the US Dollar Index (DXY) has been trading lower during most of the European session, with traders awaiting the release of the delayed US Retail Sales and Producer Prices Index (PPI) data, due later today.Data released earlier on Tuesday revealed that Germany’s Gross Domestic Product (GDP) has confirmed the preliminary estimations of a stalled economic growth in the third quarter, following a 0.3% contraction in the second.On Monday,…
Fundamental OverviewThe USD regained some ground in the past days but the momentum stalled as December rate cut odds jumped following Fed’s Williams dovish comments. As of now, the December rate cut odds stand around 70% but we won’t get much data before the FOMC meeting, so the focus will likely be mainly on jobless claims and ADP data. Weak data should keep weighing on the greenback, while strong data could provide some short-term support. On the JPY side, nothing has changed. The currency has been weakening since the last BoJ policy decision where the central bank left interest rates…
The True Range Bands MT4 Indicator is built around the concept of true range, which measures the real volatility behind every price bar. Instead of relying only on simple highs and lows, it calculates how much the market actually moves. This gives traders a more accurate picture of price pressure. The indicator then uses this information to create upper and lower bands that adjust as volatility changes. When volatility increases, the bands widen; when it decreases, the bands tighten. This helps traders easily spot calm and explosive market conditions. Identifying Trend Direction and Momentum These dynamic bands make it easier…
The Japanese Yen (JPY) sticks to a mildly positive bias heading into the European session on Tuesday, though it lacks bullish conviction amid a combination of diverging forces. Speculations that authorities would step in to stem further weakness in the domestic currency hold back the JPY bears from placing fresh bets. However, concerns about Japan’s ailing fiscal position and the uncertainty over the Bank of Japan’s (BoJ) policy tightening path act as a headwind for the JPY.Apart from this, a generally positive tone around the equity markets turns out to be another factor that contributes to capping the upside for…
Consolidated Edison, Inc (ED) announced that one of its subsidiaries (the “Con Edison Seller”) has agreed to sell its approximately 6.6% ownership interest in the Mountain Valley Pipeline (MVP) to an Ares Management fund (ARES) for $357.5M. The sale was Source link
It’s make or break for Cable! GBP/USD is consolidating in a triangle pattern that could take the pair in either direction. Which way will the pair go in the next trading sessions? Let’s check out the 4-hour chart for clues: GBP/USD 4-hour Forex Chart by TradingView It is a busy week for GBP/USD as traders juggle Uncle Sam’s delayed data releases along with the U.K. autumn budget announcement. With a lot of moving parts and very little space to avoid a strong breakout, traders may have to pick a side sooner rather than later. Remember that directional biases and volatility…
Markets see the Reserve Bank of New Zealand cutting interest rates by another 25bps this week. But our Event Guide for the October RBNZ Decision points out that the move may already be priced in, and that Bank members are unlikely to take strong biases ahead of incoming Governor Anna Breman’s first decision in February. Here’s why NZD/CAD and NZD/JPY may present legit trading opportunities if RBNZ’s widely anticipated decision turns out bullish for the New Zealand dollar: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
Market expectations for a 0.25% RBNZ rate cut appear to be well-priced in, but what if the central bank announces an even larger 0.50% reduction and scope for further easing? Our Event Guide for the October RBNZ Decision suggests that policymakers could give explicit forward guidance for more rate cuts in 2026. Here’s what I’m watching on NZD/CAD and NZD/USD in this scenario. 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 event trading guides Unlimited Access access to MarketMilk™ Plus…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
Remember that gold symmetrical triangle we were watching a while back? The precious metal bounce off support and looks ready to test the top again. Will we see a breakout this time? Or will we see another move back to support? Check out these inflection points I’m watching on the 4-hour time frame! Gold (XAU/USD) 4-hour Chart by TradingView Geopolitical tensions between China and Japan, along with a stock market slump on AI valuation concerns, led to a surge in safe-haven flows for gold last week. To top it off, a return in dovish Fed expectations thanks to FOMC officials’…