Author: FX
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…
Gold price pops near 0.50% in the early European session on Monday. Although the Far-Right AfD has gained 20% of votes, the CDU has booked a comfortable lead. US Dollar Index drops, opening room for Gold to tick higher. Gold’s price (XAU/USD) edges higher and trades near $2,945 at the time of writing on Monday due to a weaker US Dollar (USD) as a reaction to the recent German federal election outcome. Although the far-right party Alternative for Germany (AfD) has gained 20% of votes, the Christian Democratic Union of Germany (CDU) is comfortable in the lead with 208 seats…
Fundamental OverviewThe Nasdaq sold off pretty aggressively on Friday following the weak US Flash Services PMI and later the Final UMich Consumer Sentiment survey where the long-term inflation expectations jumped to a new 30-year high. The bulk of the selloff came after the jump in the long-term inflation expectations. The market might be fearing that in case we get a slowdown, the Fed might not be fast enough in cutting rates amid inflation remaining above target and uncomfortably high long-term inflation expectations.Of course, one single data point might not be enough to get a bigger correction in the stock market,…
Are you missing out on trades when you’re not at your desk? The forex market is always open. Mobile apps can help you stay in the game, but picking the right one is hard. There are so many apps out there. Don’t let a bad app lose you money. Find the best forex apps for trading anywhere, anytime. They offer top tools for mobile trading. XM.com says not all mobile apps are the same. XM is a top choice with over 25 years of experience. It won the Investment Trends 2021 US Leverage Trading Report for being the best. XM…
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…
The Indian Rupee edges lower in Monday’s early European session. Persistent selling of domestic stocks from overseas weigh on the INR. Traders brace for the Chicago Fed National Activity Index for January, which is due later on Monday. The Indian Rupee (INR) softens on Monday. The concern over Foreign Portfolio Investment (FPI) outflows, with foreign investors offloading over $11 billion in Indian stocks this year continues to weigh on the local currency. Nonetheless, continued softness in the US Dollar (USD) might help offset these outflows, lifting the INR. Additionally, the likely intervention by the Reserve Bank of India (RBI) could prevent…
If you’re serious about trading, you’ve probably considered whether to trade a proprietary (prop) firm account or stick with your personal trading account. Both options offer unique advantages and challenges, making it essential to understand how they align with your trading goals. But here’s the good news: you don’t have to choose just one. By strategically combining both, you can maximize your profit potential and long-term financial growth. Let’s break down the pros and cons of each approach so you can make an informed decision. Trading a Prop Firm Account Prop firms provide traders with access to significantly larger capital…
Are you finding it hard to keep up with the fast forex market? It’s easy to get lost in all the economic indicators. Missing out on high-impact forex news can hurt your trading. But we’re here to help. Imagine over 100 global economic events happening in just one week. The U.S. dollar is involved in 90% of all forex trades. It’s a lot to handle, right? However, knowing key economic indicators like interest rates and inflation can help you navigate the market better. Want to get better at forex trading? Let’s look at the economic indicators that matter most. We’ll…
EUR/GBP has formed lower highs and slightly lower lows to consolidate inside a falling wedge pattern. Is it about to break out soon? Take a look at these nearby inflection points I’m watching on the 4-hour chart! EUR/GBP 4-hour Forex Chart by TradingView Dovish ECB expectations and geopolitical tensions appear to be weighing heavily on the common currency these days, keeping EUR/GBP cruising lower inside its wedge pattern that’s been holding since mid-January. Price has just bounced off support, though, and may be in for a pullback to the nearby resistance zones. Are sellers looking to jump in anytime soon?…
Who’s ready for the first round of revisions on the U.S. GDP report? Any significant upgrades or downgrades could still impact Fed policy outlook, potentially causing big swings in the markets. Better read up on what markets are expecting for the event and how the dollar could react. 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