Author: FX

Are you having trouble predicting forex market trends? Feeling frustrated by missed chances and unpredictable price swings? The answer is to learn the Elliott Wave Count and Fibonacci retracement forex trading. This method uses two proven techniques to spot entry and exit points accurately. It helps you understand market psychology and use key Fibonacci ratios to outperform in currency trading. Ralph Nelson Elliott developed this strategy in the 1930s. It shows how prices move in repeating wave patterns, showing what traders think as a group. When you add Fibonacci retracement levels, you get a strong tool for analyzing forex markets…

The RBA appears to have dampened future easing expectations in their latest policy decision, but can a downbeat Australian CPI report reignite dovish vibes? Our Event Guide for Australia’s CPI mentioned declines in inflation gauges and commodity prices as potential factors for a downside surprise. Here’s what I’m watching on GBP/AUD and AUD/JPY if this happens. 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

After last week’s “hawkish cut” event, traders will keep closer look at Australia’s inflation numbers for clues on when the central bank can cut interest rates again. Our Event Guide for Australia’s January CPI Report points out that leading indicators and market expectations are pointing to hotter price pressures in January. In this scenario, major Aussie pairs like EUR/AUD and AUD/CHF may reflect AUD strength: 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™…

After a “hawkish cut” event last week, traders will eye Australia’s latest inflation reports for clues on the timing of the central bank’s next rate cut. Will January’s numbers signal a rate cut in the next RBA meeting or two? We’re breaking down the points you need to know if you’re trading Australia’s monthly CPI release! 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

WTI crude oil staged a strong bounce off its falling wedge support on the 4-hour chart but could still encounter roadblocks at nearby resistance levels. The Fibonacci retracement tool on the latest selloff shows where more oil bears could be waiting to join in the downtrend. Better keep these inflection points on your radar! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Geopolitical developments, particularly those concerning Russia-Ukraine peace talks and fresh U.S. sanctions on Iran-related oil entities, appear to be pushing crude oil around these days. In addition, the energy commodity is taking cues from hopes that the OPEC+…

Are you having trouble making money in forex trading? You’re not the only one. Many traders get lost in too many signals and indicators. This can lead to big mistakes and missed chances. But what if you could find a way to cut through all the noise? What if you could make better choices? The Currency Power Meter and Chandelier Exit strategy is here to help. It’s a new way to look at currency strength and manage risks. With these tools, traders can see the market more clearly and might do better. Key Takeaways Combines Currency Power Meter for strength…

The European Union is stepping up with more spending for defence in the face of Trump’s cut backs.says Trump tariffs would hinder the EU’s rise in defence expenditurewe don’t need a trade warMacron speaking in a TV interview after his meeting with Trump on Monday. more to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Gold-backed ETFs see biggest net inflows since 2022, supporting prices. Traders eye US economic data, including Core PCE inflation gauge this week. Signs of buyer exhaustion emerge as Gold hovers near all-time highs. Gold prices surged during the North American session after hitting a record high of $2,956 as the Greenback weakened and US Treasury bond yields fell. At the time of writing, XAU/USD trades at $2,949, up 0.49%. Uncertainty keeps Bullion prices underpinned as investors consider trade policies US President Donald Trump proposed. Geopolitics continued to be in the second stage as the Ukraine-Russia conflict seems closer to being…

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…

GBP/USD holds firm after hitting 9-week high The Pound Sterling remains firm against the Greenback during the North American session on Monday yet retraced earlier gains after hitting a 9-week high of 1.2690 amid some US dollar weakness. GBP/USD trades at 1.2632 almost flat. Read More… Pound Sterling gains as BoE seems to follow slower monetary easing cycle The Pound Sterling (GBP) gains against its peers as investors expect the Bank of England (BoE) to follow a moderate policy-easing cycle this year. Upbeat United Kingdom (UK) Retail Sales, hotter-than-expected Consumer Price Index (CPI) data for January, and strong wage growth momentum in…