Author: FX
Oil eases after report of rising US crude inventories Source link
Bitcoin has found support just above a longer-term range bottom. Does this mean the OG crypto is ready to test higher areas of interest? We’re looking at the big $100,000 mark on the daily time frame! Bitcoin (BTC/USD) Daily Forex Chart by TradingView Bitcoin’s been brushing off U.S. tariff threats and the higher-for-longer interest rate outlook in the U.S., with traders instead focusing on optimism from U.S.-Russia talks in Riyadh and rate cuts from other major central banks. After sliding since mid-January, BTC/USD found support at the $95,000 psychological level. This isn’t just above the longer-term $92,000 support—it’s also hanging…
Ever felt lost in the sea of forex trading? You’re not alone. Many traders struggle to make sense of market movements. This often leads to costly mistakes. The problem? They’re missing a key piece: forex sentiment analysis. This tool can unlock profitable trades. But without it, you’re trading blind, risking your money. Don’t fret! There’s a solution. Mastering market mood indicators gives you an edge in forex trading. This guide will teach you the basics of sentiment analysis. It helps you understand the emotions driving currency markets. Ready to improve your trading? Let’s dive in! Key Takeaways Sentiment analysis reveals…
The headline on this from earleir is here:US Commerce Secretary Lutnick says Trump’s goal is to abolish the Internal Revenue ServiceIt drove a flurry of buyers into the US dollar. The impact has since dissipated and non_USD FX is bouncing back. Axios has more detail on Lutnick’s remarks:Commerce Secretary Howard Lutnick said Wednesday evening President Trump’s goal is to “abolish” the Internal Revenue Service (IRS)remarks on Fox NewsIRS is reportedly poised to lay off thousands of workersLutnick quote:”Think about it, Donald Trump announces the External Revenue Service, and his goal is very simple … his goal is to abolish the…
The major assets were all over the place on Wednesday as traders priced in top-tier economic data releases, shifting central bank expectations, and new tariff threats from the U.S. How did the most closely-watched assets trade in the last trading sessions? Let’s take a closer look: Headlines: RBNZ cut its rates by 50bps to 3.75% as expected, Board sees rates at 3.0% by year end RBNZ Gov. Orr: “We are looking at lowering the official cash rate a little bit quicker than what we projected back in November” U.K. CPI for January: 3.0% y/y (2.8% forecast, 2.5% previous); Core CPI…
The Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY. The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged the USD/JPY pair to its lowest level since December 9, around mid-150.00s during the Asian session. Firming expectations that the Bank of Japan (BoJ) would increase interest rates further push the Japanese government bond (JGB) yields to their highest levels in more than a decade. The…
Australia’s labor market reported stronger than expected hiring growth of 44K in January versus expectations of a 19.4K gain, buoyed by robust full-time employment. However, the jobless rate still rose from 4.0% to 4.1% as expected during the month. Components of the report revealed that this was likely due to a pickup in participation rate, indicating optimism in the jobs market. In addition, the previous month’s reading saw an upgrade from 56.3K in employment growth to 60K. Key Takeaways: Full-time employment increased significantly by 54,100 positions to 10,092,800 people The unemployment rate edged up to 4.1% in seasonally adjusted terms…
After January’s upside surprises, traders will eye February’s PMIs for clues on the region’s business activity amid talks of increased tariff speculations. Will this week’s data support a March rate cut from the ECB? We’re breaking down the points you need to know if you’re trading Friday’s Euro Area PMI releases: 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
Do you struggle with fear in forex trading? You’re not alone. Many traders face anxiety that can stop them from succeeding. Fear can cause them to miss chances, exit too soon, and make bad choices. But there’s a way out. By knowing why we fear and using tested strategies, we can beat these fears. This way, we can do well in the forex market. Imagine making trades without doubting yourself. Picture sticking to your plan, even when the market is shaky. This guide will teach you how to beat trading anxiety. You’ll learn to control your emotions and succeed in…
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…