Author: FX
EUR/USD slides below 1.1100 as the US Dollar rallies after the US and China agreed to lower tariffs by 115% for 90 days.The US-China temporary trade truce is expected to tame elevated consumer inflation expectations.ECB Schnabel sees no need to lower interest rates further.EUR/USD is down over 1% near 1.1100 during North American trading hours on Monday. The major currency pair faces an intense selling pressure as the US Dollar (USD) rallies after the United States (US) and China, in a joint statement, announced a higher-than-expected reduction in tariffs for 90 days imposed in April.The US Dollar Index (DXY), which…
Like any high-performance endeavor, how traders process informat ion is important in acquiring expertise. Scalpers don’t have the luxury of evaluating a bajillion factors before making a decision. They have to process (and act on) information that they have, recognize patterns, and make decisions on the fly. Position traders, on the other hand, have time to process more information before reaching a decision. They can look at market trends, consult more technical indicators, and generally prepare for more scenarios before entering a trade. Longer time frames require more deliberation and planning, while short-term trades need quicker information-processing systems and execution. The…
Here’s a graphical depiction of the S&P 500 and Trump’s statements about buying stocks in the last few weeks:S&P 500 index hourly chartAnd now, markets are rallying further as the US and China lower tariffs in favour of discussions – at least for the next 90 days. S&P 500 futures up over 2.5% on the day, we’re slated to open just above the 5,800 mark. If that holds, Trump’s message from Thursday last week will again yield another positive follow through.And if you really took to his first message of it being “THIS IS A GREAT TIME TO BUY!!!” before…
The Japanese Yen kicks off the new week on a weaker note amid the US-China trade deal optimism.The Fed’s hawkish pause and easing US recession fears underpin the USD and support USD/JPY.The selling bias picks up pace following the US-China joint statement on trade arrangements. The Japanese Yen (JPY) adds to intraday losses and touches a fresh one-month low against its American counterpart heading into the European session on Monday as the US-China trade deal optimism continues to weigh on safe-haven assets. Apart from this, worries about Japan’s growth outlook on the back of US tariffs uncertainty turn out to…
The RSI Slowdown MT4 Indicator is a modified version of the standard RSI, designed to show when momentum is weakening. Unlike the classic RSI, which quickly reacts to price changes, this version focuses on slowing movements. It helps highlight moments when a strong trend is beginning to lose its push, whether it’s bullish or bearish. Traders use it to time their entries and exits with more confidence, especially when markets get choppy or unpredictable. Why Is It Useful for Traders When price momentum slows down, it can signal a reversal or a pause in the trend. The RSI Slowdown helps…
China's Zijin Mining taps banks for planned Hong Kong IPO of gold unit – report Source link
Dollar gains versus yen, franc on Sino-US trade optimism; yuan firms Source link
This is where the Automatic Fibonacci Lines MrVB MT4 Indicator comes in. By automating the process of Fibonacci line placement, this tool ensures that traders have precise and timely levels to guide their trading decisions, allowing them to focus more on strategy and less on manual charting. Let’s explore how this indicator can transform the way traders approach technical analysis. Understanding the Automatic Fibonacci Lines MrVB MT4 Indicator The Automatic Fibonacci Lines MrVB MT4 Indicator is designed to simplify the process of Fibonacci retracement levels on MetaTrader 4 charts. With a few clicks, this tool automatically calculates and places Fibonacci…
EUR/GBP has formed lower highs and slightly lower lows to consolidate in a wedge pattern. Is the pair in for a breakout soon and which levels can it go for next? Take a look at these inflection points on the 4-hour time frame: EUR/GBP 4-hour Forex Chart by TradingView Just last week, the U.S. announced a trade deal with the U.K. that sparked a strong pound rally. After all, this puts the U.K. on much safer footing compared with other major economies being threatened by Trump with his additional tariffs. On the flip side, the EU appears to be facing…
Is GBP/NZD giving bullish traders another chance to catch the uptrend or is a reversal already in the works? We’re seeing a neat technical setup on the daily time frame, with price bouncing right at the sweet spot where multiple technical indicators converge. Check out the pair’s chart! GBP/NZD Daily Forex Chart by TradingView Bank of England’s “hawkish cut” surprise last week showed a 7-2 vote split when cutting rates to 4.25%. This tells us that most central bank members remain concerned about inflation persistence, which turned out GBP-positive compared to many other central banks. Meanwhile, the New Zealand dollar…