Author: FX
The lead up to US trading yesterday was rather poor, as US futures slumped hard before the opening bell. But dip buyers quickly stepped in to pare losses right off the bat, only to fall short of the same key near-term level on Wednesday.S&P 500 index hourly chartThat continues to be where sellers are drawing the line in keeping any optimism at bay on the week. The S&P 500 closed down by 0.2% but it felt like it should have been much worse before Wall Street entered the fray.The chart above will again be a key one to watch before…
The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20. The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US Dollar (USD) during the Asian trading hours on Friday, with USD/INR holding near a seven-week low of 86.20, recorded on Thursday. However, further downside of the pair may be limited as the Greenback gains strength amid rising risk aversion driven by concerns over US tariff…
Are you having trouble finding key market turning points in Forex trading? The MTF Support and Resistance and Zigzag Fractals strategy might be what you need. It uses multiple time frames and fractal patterns to find where prices might change direction. By understanding the market’s structure and how prices move, traders can make better choices. This strategy could help you do better in the fast-changing Forex market. It might even help you make more money. Key Takeaways MTF analysis improves market perspective Zigzag fractals help identify trend reversals Support and resistance levels guide entry and exit points Combining strategies enhances…
It was another messy day in the financial markets, as asset classes took cues from their own individual catalysts. Gold struck a fresh record high while global uncertainties lingered while crude oil rebounded thanks to new U.S. sanctions on Iran and China. Major currencies also had plenty to work with, including a couple of top-tier jobs releases and major central bank announcements. Here are the latest headlines and economic reports you need to know. Headlines: China held its benchmark rate steady for the fifth straight month, with the one-year loan prime rate at 3.1% and five-year LPR at 3.6% Australia…
Russia says Ukrainian drone attack on oil depot already violates proposed ceasefire Source link
Are you having trouble finding good forex trades? Many traders struggle to find reliable trends. The Percentage and Trend Continuation Factor 2 (TCF2) strategy is here to help. This strategy uses trend analysis and technical indicators to improve timing in the market. By using TCF2, traders can make better decisions. This could lead to more success in the fast-changing forex market. Key Takeaways TCF2 combines trend analysis with technical indicators Improves market timing and decision-making Helps identify reliable trends in forex trading Enhances the chance for profitable trades Good for both new and experienced traders Understanding Trend Continuation in Forex…
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 Greenback made a U-turn, building on Wednesday’s post-FOMC recovery and climbing to weekly highs as investors reassessed the Federal Reserve’s lack of urgency in cutting rates. Here is what you need to know on Friday, March 21: The US Dollar Index (DXY) regained the smile and returned to the area beyond the 104.00 barrier despite further weakness in US yields across the various maturity periods. The speech by the Fed’s Williams will be the sole release on the US docket at the end of the week. EUR/USD succumbed to the marked rebound in the Greenback and receded to multi-day…
Axios reports that Israel is sending a delegation to the White House next week ‘for strategic consultations’ on Iran.Yesterday, reports highlighted that Trump had given Iran a two-month deadline to make a nuclear deal but indications so far are that Iran isn’t interested in talking.So the question is: What will the US and Israel do next?There continues to be talk about strikes on Iran’s nuclear facilities, and perhaps something even broader.WTI crude oil is up $1.07 to $68.29 today. Source link
Mexican Peso drops 0.46%, reaching a six-day high of 20.26 following INEGI reports of weak Aggregate Demand and plummeting Private Spending. The Fed maintains steady rates; Powell highlights rising economic uncertainty and inflation risks from tariffs. US data shows mixed signals; jobless claims increase, Philadelphia Fed Manufacturing Index indicates economic slowdown. The Mexican Peso (MXN) is extending its losses versus the US Dollar (USD) on Thursday, as Mexico’s economic data paints a gloomy outlook. At the same time, traders continued to assess the latest Federal Reserve (Fed) monetary policy decision. USD/MXN is trading at 20.13, up 0.46%. The Peso weakened…