Author: FX
EUR/USD moves higher to near 1.0840 as the ECB reduces its Deposit Facility rate by 25 bps to 2.5%. The ECB sees the core inflation averaging to 2.2% by the year-end. US President Trump provides one month of tariff relaxation on automobiles from Canada and Mexico. EUR/USD gains further to near 1.0840 in Thursday’s North American session after the European Central Bank’s (ECB) monetary policy decision. The ECB reduces its Deposit Facility Rate by 25 basis points (bps) for the fifth time in a row, pushing it lower to 2.5%, as expected. The Main Refinancing Operations Rate is also slashed by 25 bps to 2.65% in line with…
Grocery chain Kroger forecasts annual sales above estimates on steady demand 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…
NIFTY Elliott Wave technical analysis Technical analysis overview Function: Counter Trend (Minor Degree, Grey). Mode: Corrective. Structure: Zigzag. Position: Minute Wave ((c)). Details: The alternate count is now preferred, with a potential ((a)) – ((b)) – ((c)) Zigzag pattern appearing complete in the 22,000 – 21,900 zone. High probability remains for at least a counter-trend rally towards the 23,700 – 24,000 range. Alternatively, a further decline from the current levels could target the 21,300 – 21,400 range, aligning with Minor Wave 4 of the previous uptrend. Invalidation point: 26,400. NIFTY 50 INDEX – Daily chart Technical Analysis & Potential Elliott Wave Counts The NIFTY 50 INDEX daily chart suggests a major top formation around 26,300 in September 2024. A high-probability wave count suggests that the index carved Minute Wave ((a))/((i)) around the 23,267 mark,…
Are you having trouble finding a good forex trading strategy? The forex market is huge, with over $5 trillion traded daily. Yet, many traders lose money. The Grid and FX Snipers T3 CCI strategy might be what you need. This method uses grid trading and the FX Snipers T3 CCI indicator. It could make your market analysis better and increase your profits. Most trades involving the U.S. dollar, it focus on major currency pairs. Learn how this forex trading strategy can help you in the complex world of currency trading. Key Takeaways Combines grid trading with FX Snipers T3 CCI…
Can an upbeat Canadian jobs report convince the BOC to drop its dovish bias soon? Or will we see another downside surprise that could keep the central bank in easing mode? Here are the points you need to know when trading Canada’s February employment data. 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
China has introduced Manus, a state-of-the-art AI agent, claiming it surpasses OpenAI’s models in performance, according to Shanghai Securities News. Manus achieved a top score in the GAIA benchmark test, positioning it as a highly advanced general-purpose AI assistant. Unlike traditional AI models, Manus is designed for both idea generation and real-world execution, allowing it to complete complex tasks autonomously. A demonstration highlighted its ability to write reports and create tables with tailored outputs. The AI agent also features a highly adaptive “digital brain”, enabling independent learning, complex instruction processing, and cross-domain collaboration. Source link
GBP/USD may extend its gains as improved risk sentiment could support the pair. The US Dollar weakened after disappointing US private payroll data heightened concerns over slowing US economic growth. BoE Governor Bailey called on the US to resolve its global economic concerns through dialogue rather than imposing import tariffs. GBP/USD edges lower after registering gains for the last three consecutive days, trading around 1.2890 during the Asian hours on Thursday. The US Dollar remains under pressure following weaker-than-expected US private payroll data, raising concerns about slowing economic momentum in the United States (US). Additionally, improved risk sentiment puts downward…
It’s almost NFP Friday, forex fellas! What does the official U.S. employment report have in store, and what could the results imply for dollar price action? Here are the points you need to know if you’re planning on trading this top-tier catalyst. 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 major assets staged a strong comeback on Wednesday, with European stocks leading the way after Germany unveiled a €500 billion infrastructure plan and Trump hinted at tariff relief for automakers. The dollar slid across the board, while bond yields surged as investors moved away from safe havens and embraced risk despite mixed economic data. Here’s a breakdown of the biggest moves and movers in the last trading sessions: Headlines: AUD dips despite Australia’s solid Q4 growth as traders focus on trade risks Japan Jibun Bank Services PMI Final for February 2025: 53.7 (53.1 forecast; 53.0 previous) China Caixin services…