Author: FX
House Speaker Johnson and House Freedom Caucus Harris will go meet US Pres. Trump this afternoon at 3 PM ET.Harris earlier today said that they are encouraged by the progress in the last 24 hours, but does not think it can be done today or even this week. He said he is confident he could be done in 10 days.GOP Hoy commented that there is a long way to go.Jake Sherman from PunchBowl is saying that Trump is expected to tell the House Finance Committee, that the bill needs to pass today. Later this year, ForexLive.com is evolving into investingLive.com,…
EUR/USD rises further to near 1.1350 as the US Dollar remains under pressure due to Moody’s downgrade to the US credit rating.US President Trump fails to convince lawmakers to back tax-cut bill.The Euro gains as Trump confirms Russia-Ukraine truce talks.EUR/USD jumps to near 1.1350 on Wednesday, extending its winning streak for the third trading day. The major currency pair strengthens as the US Dollar (USD) continues to face a sharp selling pressure amid the United States (US) credit rating erosion. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, recoups some of its early losses,…
A common mistake that traders make is trying to take on too many positions at once. They believe that a higher number of positions will translate into higher profit. “If I open positions in multiple pairs, one of them will win big.” The more setups you take, the better your chances of winning, right? WRONG! This isn’t the lottery, y’all! If you want to maximize your opportunities and skills, you might want to think about being pickier with your trades. For one thing, opening too many positions dilutes your capital allocation. When you’ve done your research and are confident about…
Different asset classes respond in different ways to various fundamental developments. You can have bonds selling-off because the central bank is tightening monetary policy or you can have an FX pair in an uptrend because the central bank of the currency that is appreciating is raising interest rates, while the central bank of the currency that is depreciating is cutting rates.You can also have various equity sectors responding in different ways to economic events with cyclical stocks falling during hard times and defensive stocks rising.When you build your trading idea you should find a market where your idea can be…
Nestle India Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 1. Direction next higher degrees: Orange wave 3 (in progress). Details: Orange wave 2 appears complete; orange wave 3 of 1 is now active. Invalidation level: 4147. The daily chart shows Nestle India in a clear bullish trend, with orange wave 3 forming as part of navy blue wave 1. This follows the completion of orange wave 2, signaling the start of a new upward impulse phase—typically the strongest part of an Elliott Wave pattern. The ongoing wave structure reflects significant buying strength. Positioned within navy blue wave…
The Ma Parabolic ST2 is a custom trend-following indicator for MetaTrader 4. It combines two powerful tools: the moving average (MA) and the Parabolic SAR. The goal is to create a smoother, more responsive signal that helps traders catch trends early while filtering out false signals. This hybrid setup makes it especially useful during trending markets, where timing is everything. How It Works on the Chart When you apply this indicator to your chart, it places dots or lines that change color depending on the market direction. If the price is in an uptrend, the indicator shows it clearly; when…
UK inflation jumps to higher-than-expected 3.5% in April, ONS says Source link
Markets await Thursday’s Euro Area flash PMIs for clues on whether the recent US-China trade truce has boosted European business sentiment. Has manufacturing broken out of contraction territory, or did geopolitical tensions weigh on the region’s economic outlook? We have the points you need to know if you’re trading this week’s PMI releases! 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 More! Source link
The BW-Zone MT4 Indicator is based on Bill Williams’ trading system. It highlights buy and sell zones directly on the chart, using color-coded bars to show momentum and direction. Green bars signal a bullish zone, while red bars point to a bearish one. These visual cues make it easier for traders to decide whether to enter, hold, or exit a trade. It’s a simple tool, but powerful for identifying strong price movements early. How Does It Work in Real Trading When applied to a chart, the BW-Zone indicator compares values from the Awesome Oscillator and the Accelerator Oscillator. If both…
The major assets were all over the charts on Tuesday, driven by renewed concerns over U.S. fiscal sustainability and rising geopolitical tensions in the Middle East. Traders juggled mixed signals from central banks, inflation data, and the lingering impact of Friday’s U.S. credit downgrade, triggering big moves in bonds, stocks, currencies, and commodities. Here are headlines you may have missed in the last trading sessions! Headlines: China loan prime rate 5Y for May: 3.5% (3.5% forecast; 3.6% previous); 1Y rate slashed to 3.0% (3.0% forecast; 3.1% previous) AUD Slumps After RBA’s Dovish Rate Cut, Slightly Recovers on Bullock Comments Germany producer…