Author: FX
The Swiss Franc strengthens for a fourth straight day, sending USD/CHF toward fresh one-month lows.The US Dollar Index (DXY) slips below 98.00 as markets price in an 89% chance of a Fed rate cut in September.US July PCE report showed sticky inflation pressures alongside strong household spending.The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.At the time of writing, the USD/CHF pair is trading around 0.7997 in the…
GBP/USD consolidates above 1.3450 with muted reaction to US inflation data The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations. Read More… Pound Sterling trades lower against US Dollar ahead of US PCE inflation The Pound Sterling (GBP) corrects to near 1.3455 against the US Dollar (USD) during the European trading session on…
There is no universal recipe for success in trading. However, there are some baselines you should follow to have a better shot at gaining profit. You can learn these vital reference points from your own mistakes—or choose the easier way and study the experience of others. In this article, Kar Yong Ang, financial analyst at Octa broker and successful trader, names three fundamental rules of trading that he learned the hard way—and wished he knew at the start of his journey. At the age of 21, Kar Yong Ang started trading with just $500 in his account balance. In two…
S&P 500 extended swing clients‘ gains, and intraday one had theirs protected before the aftermarket weakness. Ask yourselves though what has changed and what has not, how this affects your trading style. Source link
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% in August from 2% in July, Germany’s Federal Statistical Office reported on Friday. This print came in above the market expectation of 2.1%. On a monthly basis, the CPI rose by 0.1%.The Harmonized Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, rose by 0.1% and 2.1% on a monthly and yearly basis, respectively.Market reaction to German inflation dataEUR/USD recovers slightly from session lows and was last seen trading at 1.1670, losing 0.1% on a daily basis.…
In the world of trading, particularly in the foreign exchange (Forex) market, investors often focus on charts, technical indicators or macroeconomic news.Yet, there’s one crucial factor that is all too often overlooked: the trader’s psychology. In other words, the state of mind, discipline, and ability to manage emotions in the face of market uncertainty.Why psychology is central to tradingContrary to popular belief, success in Forex trading is not just a matter of strategy or analysis.The same technical signals, interpreted by two different people, can lead to radically opposed decisions.The difference often lies in emotional management: fear of losing, euphoria after…
The foreign exchange market, also known as Forex, is the world’s largest financial market, with several trillion dollars traded daily. Unlike Equity markets, which are influenced by corporate results, Forex is particularly sensitive to political decisions and institutional stability.Elections, geopolitical tensions, trade policies and central bank decisions directly shape currency values.In a world where politics and economics are intertwined, understanding this link becomes essential for investors, companies and individuals exposed to currency variations.Central banks at the heart of the link between policy and currenciesCentral banks, such as the US Federal Reserve (Fed) and the European Central Bank (ECB), play a…
Prior month -0.1% Advanced estimate for the month of July +0.1%GDP Q2:Q/Q annualized -1.6% vs -0.6%Prior 2.2% (revised to -2.0%)The Canadian dollar weakened across the board following the release as the data disappointed across the board. StatCan notes that the contraction in the second quarter was driven by significant declines in the export of goods, as well as decreased business investment in machinery and equipment. These declines were tempered by faster accumulations of business inventories, higher household spending and lower imports of goods.Traders increased slightly the rate cut bets for the BoC which now show 27 bps of easing by…
With market sentiment shifting on a dime these days, it’s important to make sure that you’re able to adjust your forex strategy. You see, staying profitable in the long-run requires you to be able to adapt to constantly changing market conditions. Ever stop to think how casinos actually work and make money? Casinos rake in a ton of dough every single day, despite the fact that casino operators cannot predict with certainty which person will be a total noob and split 5s against a dealer showing a 10, or who will hit the jackpot playing slot machines. How is this possible?…
The Open Position with Stoch and RSI MT4 Indicator is designed to merge the strengths of two well-known tools. Stochastic measures momentum and helps spot overbought or oversold areas, while RSI tracks the strength of price movements. When combined, they provide a clearer picture of potential reversals or trend continuations. Instead of relying on just one indicator, traders benefit from a double confirmation system that increases accuracy. Why Traders Use It Many traders in the United States and beyond prefer this indicator because it simplifies decision-making. Rather than juggling multiple charts or tools, they can view everything in one place.…