Author: FX
Trade war was the name of the game on Tuesday, as Trump’s tariff plans took effect and Uncle Sam’s major trading partners imposed retaliatory tariffs on the world’s largest economy. Which assets saw increased volatility in the last trading sessions? Let’s discuss: Headlines: U.K. BRC shop price index for February: -0.7% y/y (-0.5% forecast, -0.7% previous) Australia Retail Sales MoM for January 2025: 0.3% (0.4% forecast; -0.1% previous) Japan Consumer Confidence for February 2025: 35.0 (35.7 forecast; 35.2 previous) Euro area Unemployment Rate for January 2025: 6.2% (6.3% forecast; 6.3% previous) U.S. RCM/TIPP Economic Optimism Index for March 2025: 49.8…
Are you tired of not getting the results you want in forex trading? Many traders face the challenge of finding a strategy that works in all market conditions. The Step MA and Turbo JRSX Forex Trading Strategy is here to help. This Forex trading strategy uses the Step MA indicator and the Turbo JRSX to spot high-probability trades. By using these tools, traders can increase their chances of success and make more money in the fast-paced forex market. Key Takeaways Combines Step MA and Turbo JRSX indicators for trend identification. Suitable for day trading and swing trading. Applicable to various…
The euro has been performing strongly since the first week of February when it dipped under 1.02.EU equities have been bid, seen as alternative with pressure on US equities from incoherent policies. EUR has benefitted. The past hours have seen further gains for EUR/USD in the wake of the muddled communications from the US administration. EUR/USD is hitting its highest since December 6 last year: Source link
United States (US) President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time getting started. He’s signed a series of executive orders in just a few weeks and he promises even more are on the way. During his inaugural speech, he declared that “the golden age of America” had arrived, identifying immigration, trade and national security as top priorities. On…
To mark Saint Patrick’s season, PU Prime is launching PU Prime’s Ultimate Lucky Draw promotion, giving traders the opportunity to win exclusive prizes, including an iPhone 16 Pro Max, iPad Pro, AirPods Max, and bi-weekly cash rewards. The promotion runs from 1 March to 30 April 2025.How to ParticipateEligible participants can enter the Ultimate Lucky Draw by completing the following steps:1. Deposit and Trade – A minimum deposit of $500 USD is required.2. Earn Lucky Draw Tickets – One ticket is awarded for every $100,000 in Notional Volume traded.3. Prize Draws – Accumulated tickets increase the likelihood of selection in…
The US Dollar sees another leg lower on Tuesday, adding to the already downbeat day on Monday Traders sell the Greenback after US imposing tariffs and, meanwhile, already facing counterattacks from Canada and China. The US Dollar Index (DXY) does not find immediate support and could break even lower on Tuesday. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, briefly broke below 106.00 in a volatile Tuesday after United States (US) President Donald Trump confirmed that tariffs on Canada, Mexico and China were not being delayed. Markets were still doubting on Monday if…
Arab summit to focus on Egypt's alternative to Trump's 'Gaza Riviera' Source link
Fundamental OverviewThe USD is losing ground against the major currencies as the market continues to price in more easing by the end of the year. The market is now expecting three rate cuts by the end of the year which is in stark contrast to just one seen a couple of weeks ago. The US data recently started to miss expectations by a big margin and the market reacted by adjusting its growth expectations. The Trump’s tariffs policy is also weighing on growth expectations increasing the likelihood of faster Fed easing down the road. One constraint the Fed might have…
Official manufacturing PMI rebounded in February; 2-month average suggests steady production activity. Trade performance likely weakened last month due to both the holiday and tariff impact. CPI may have dropped y/y on a fall in prices of food, fuel and services, as well as a high base effect. Retail sales and FAI growth likely edged up on policy support, while IP growth may have moderated, Standard Chartered’s economists report. A mixed start to the year”The official manufacturing PMI rebounded to 50.2 in February from 49.1 in January after the Lunar New Year holidays. The average new orders and production PMIs for 2M-2025…
Feeling lost in the forex market? RSI analysis could be your answer. Many new traders get confused by complex charts and indicators. The Relative Strength Index (RSI) makes it easier, giving clear signals to buy or sell. But, if you don’t understand RSI, it can cause big losses. This guide will help you understand RSI for forex trading. It will turn confusion into confidence. Let’s learn how to use RSI to improve your trading skills. Key Takeaways RSI measures market momentum on a scale of 0 to 100. Overbought conditions typically occur above 70. Oversold conditions usually appear below 30.…