Author: FX
Harry Dinkleburg just lost his beer money on a Cable short. He blames the market, flexes his fingers, and then aggressively shorts all the pound pairs with huge forex position sizes. He then loses his son’s college fund on the same day, so he calls it quits and ends the day before lunch. Harry Dinkleburg lacks vigor, or the ability to function well in the face of psychological stress. Instead of moving on from a losing forex trade, he aggressively took on risky trades in an effort to regain his losses. And because he was trading on emotions, his trades…
A slow start to the week is expected, with a bank holiday in the U.K. for the observance of Spring Bank Holiday, and in the U.S. for Memorial Day. On Tuesday, Japan will release the BoJ Core CPI y/y, while in the U.S., we will get the durable goods orders m/m and CB consumer confidence. Wednesday will bring inflation data for Australia, with the main focus on the RBNZ monetary policy announcement. In the U.S., the FOMC meeting minutes will be released. Thursday, many countries will observe Ascension Day, leading to lighter market activity. In the U.S., we’ll get the…
Indian Rupee recovers in Monday’s early European session.Mounting concerns about US fiscal health and weaker US Dollar support the INR. RBI rate cut bets and higher crude oil prices might cap the INR’s upside. The Indian Rupee (INR) edges higher on Monday after hitting its best performance in more than two years in the previous session. According to Bloomberg, the Indian currency’s biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day. Mounting concerns about US fiscal health and selling US Dollar from foreign banks provide support to the local currency. Nonetheless, expectations of lower…
Bitcoin appears to have completed a short-term pullback on its uptrend and could be setting its sights higher again. Or is a deeper correction still due? Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView After hitting fresh record highs around the $112K level last week, bitcoin staged a quick pullback to the former resistance zone around $107K that coincided with a longer-term rising trend line. Can this support keep holding and send BTC/USD to new all-time highs again? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on…
It’s gonna be another busy week with key events like the RBNZ rate decision, the FOMC meeting minutes, and the U.S. core PCE index lined up! How can these impact the current themes driving price action lately? Source link
Country Garden Holdings, formerly China’s top property developer by contracted sales, will appear in a Hong Kong court on Monday to request more time to progress its $14.1 billion offshore debt restructuring. The company has reportedly gained backing from creditors representing over 70% of its debt. However, as of May 22, key bank lenders had yet to sign on, according to media reports.-I’m not sure this saga will ever end! Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link
The ROC2 VG MT4 Indicator offers a simple yet effective solution to this common problem. In this article, we’ll explore how this indicator works and how it can improve a trader’s strategy by delivering precise and reliable signals in real-time. What is ROC2 VG MT4 Indicator The ROC2 VG MT4 Indicator is designed to assist traders in identifying potential price trends with ease. It builds on the standard Rate of Change (ROC) indicator but with enhancements that give it an edge. By measuring the percentage change in price over a specified period, it helps traders spot shifts in market momentum…
Iranian Foreign Minister Abbas Araghchi said on Friday that discussions with the United States (US) over its nuclear program were complicated as the fifth round of talks concluded in Rome.Araghchi further stated that the negotiations are too complicated to be resolved in two or three meetings, and there was potential for progress in nuclear negotiations after Oman made several proposals.Meanwhile, US President Donald Trump said American negotiators made “real progress” during “very good” nuclear talks with Iran over the weekend.Market reactionAt the time of writing, the Gold price (XAU/USD) is trading 0.35% lower on the day to trade at $3,345. Risk…
Five years after George Floyd's murder, racial justice push continues 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: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…