Author: FX
Gold squeezes to the upside following a key technical breakout; but skies aren’t clear yet !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Silver price (XAG/USD) gives back some of its early gains, but is still 0.8% higher at around $59.25 during the European trading session on Wednesday. The white metal struggles to extend the rally beyond the psychological level of $60.00 due to a fresh surge in oil prices amid escalating Middle East energy supply risks.In European trade, the WTI Oil price is up more than 2% at around $86, the highest level seen in over five weeks.Higher oil prices boost fears of hot inflation expectations, a scenario that forces global central banks to tighten monetary conditions. Theoretically, hawkish monetary policy expectations…
The trade ends in a loss. Situations like this happen every week, and they show why the False Breakout Indicator MT4 has become popular among price action traders.False breakouts can lead to poor entries, unnecessary stop-loss hits, and emotional decisions after a series of losing trades. Chasing every breakout often results in giving back profits earned during trending markets. The frustration grows when the market appears to move in the expected direction before reversing sharply.The False Breakout Indicator MT4 helps traders identify these fake-outs before they become expensive mistakes. Instead of following every breakout, the indicator focuses on price levels…
Another miss in Australia’s employment data could erase RBA tightening expectations for the remainder of the year. Here’s what I’m watching on AUD/NZD and AUD/CAD if this happens. Source link
Australia is dropping its June employment numbers! If the report hits or exceeds estimates, AUD/USD and AUD/NZD may be worth a second look. Source link
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…
Australia’s jobs report could move the Aussie as traders closely weigh the headline result against the labor market’s underlying details. Source link
The USD/CAD pair struggles to capitalize on its strong weekly gains registered over the past two days and edges lower during the Asian session on Wednesday. Spot prices currently trade around the 1.4100 round figure, though the fundamental backdrop warrants caution for aggressive bearish traders.Crude Oil prices climb to a fresh high since June 16 amid escalating US-Iran military conflicts, the closure of the Strait of Hormuz and Houthi threats of a naval blockade on Saudi Arabia. This, in turn, is seen lending some support to the commodity-linked Loonie. The US Dollar (USD), on the other hand, pauses for a…
The Turtle Soup Indicator MT4 is designed to help identify these failed breakouts before traders chase the wrong move.False breakouts can damage both confidence and trading accounts. After several losing trades, many traders start entering late, skipping valid setups, or increasing position size to recover losses. That usually makes the problem worse. The Turtle Soup strategy focuses on spotting market traps instead of following every breakout. Used with proper confirmation, it can help traders find higher-probability reversal opportunities while avoiding common breakout mistakes.The sections below explain how this indicator works, where it performs best, and how traders can use it…
EUR/GBP posts a bullish MACD crossover after a prolonged decline, but can momentum support a sustained recovery? Source link