Author: FX
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…
USD/CAD trades near 1.3975, approaching the 50-day EMA at 1.4030.Daily RSI holds above 52, price structure points to potential breakout.4-hour chart shows higher lows, support holds at 50-period EMA near 1.3900.USD/CAD is holding steady near 1.3975 in the American session on Wednesday, with bulls attempting to reclaim control after a strong bounce from the 1.3900 zone earlier in the day. Price action on the daily chart remains constructive, with the pair now challenging the 50-day Exponential Moving Average (EMA) at 1.4030, a key dynamic resistance zone.The daily structure turned bullish after USD/CAD closed above the 21-day EMA (1.3920) earlier this…
New Canadian foreign minister says Israel using lack of food as a tool in Gaza Source link
The dollar decline has continued today with the greenback falling by -1% vs the JPY. The declines vs the EUR (-0.35%) and the GBP (-0.24%) has been less (and the EURUSD and GBPUSD are off their extremes for the day). Nevertheless, after the gains on Monday after the US/China deal, the greenback has retraced those gains and more. For the EURUSD and the USDJPY, the price moves have taken the price back between the 100/200 hour MAs. For the GBPUSD, the pair has moved back above those MAs putting the buyers more in control. In the video above, I take…
One of the most common mistakes of newbie traders is focusing too much on finding the next winning trades instead of becoming good traders. It’s not unusual to see newbies who spend most of their time doing fundamental or technical analysis to find a profitable trade setup. Some even straight up copy other traders’ ideas and systems without learning much about the rationale behind them. They’re so afraid of missing a good opportunity that they’d rather devote their trading time to taking trades rather than identifying their strengths and weaknesses and working on their skills. What they fail to understand is that…
JHVEPhotoSamsung Electronics (OTCPK:SSNLF) is acquiring European heating and cooling products’ provider FläktGroup for €1.5B, equivalent to an enterprise value of €1.8B. On Tuesday, it was reported that Samsung and FläktGroup-owner Triton Investments Advisers were in the final stages of discussing an Source link
The US Dollar Index could retest the 50-day EMA near the 101.78 level.Technical analysis indicates a continued bullish bias, as the index remains within an ascending channel.The DXY is testing its initial support at the nine-day EMA of 100.47.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.50 during the European hours on Wednesday.On the daily chart, technical analysis suggested a sustained bullish bias, with the index trading within an ascending channel. Additionally, the DXY is still positioned…
The New Simpler Trend MT4 Indicator addresses this issue by offering a streamlined approach to trend identification, saving traders valuable time and effort. By simplifying the process, this indicator ensures that traders can focus on making informed decisions without the hassle of complicated setups. In this article, we will explore how the New Simpler Trend MT4 Indicator enhances trading strategies. Understanding the New Simpler Trend MT4 Indicator The New Simpler Trend MT4 Indicator was developed to provide traders with a straightforward and user-friendly way to spot market trends. Unlike many traditional indicators that require heavy customization, this tool automatically adjusts…
Prior +2.2%HICP +2.2% vs +2.2% y/y prelimPrior +2.3%The downside to the report is that core annual inflation is seen ticking higher again to 2.9%. That is up from 2.6% in March. It’s a bump in the road and acts as thorn in the side to the ECB in pursuing further rate cuts. That especially as global trade developments look to stabilise for a bit. This article was written by Justin Low at www.forexlive.com. Source link
Gold prices fell in United Arab Emirates on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 380.95 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 383.82 it cost on Tuesday. The price for Gold decreased to AED 4,443.28 per tola from AED 4,476.77 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 380.95 10 Grams 3,809.47 Tola 4,443.28 Troy Ounce 11,848.84 Daily Digest Market Movers: Gold price continues to be pressured by trade optimism US President Donald Trump said on Monday that he does not see…