Author: FX
The TMA Centered Bands and Pattern Recognition Master Forex Trading Strategy is a powerful approach designed to help traders identify high-probability trading opportunities in the forex market. By combining the precision of the TMA (Triangular Moving Average) Centered Bands with advanced pattern recognition techniques, this strategy provides a comprehensive framework that traders can use to predict market movements more effectively. The TMA Centered Bands filter out market noise, revealing underlying trends and price extremes, while pattern recognition helps pinpoint key entry and exit points by identifying common chart patterns that signal potential reversals or breakouts. The TMA Centered Bands are…
Happy New YearWelcome to 2025!The clock has turned on the foreign exchange market and we’re onto the new charts. Here are the final closing levels for 2024 for the major pairsEuro: 1.0354 Japanese Yen: 157.21 British Pound: 1.2524 Swiss Franc: 0.9072 Canadian Dollar: 1.4380 Australian Dollar: 0.6188 New Zealand Dollar: 0.5582 US Dollar Index: 1.0380Here is a chart showing the annual changes, though it’s not the prettiest chart because the US dollar could be on either side of the equation. There also might be some slight misses here as I have NZD fractionally ahead of JPY, meaning that the yen…
It was a great year for the bulls as every dip was bought. It was a tougher scenario globally but the US market was a big winner.On the day:S&P 500 -0.4%Nasdaq -0.9%DJIA -0.1%Russell 2000 +0.1%Toronto TSX Comp +0.4%On the month:S&P 500 -2.5%Nasdaq +0.5%DJIA +0.5%Russell 2000 -8.4%Toronto TSX Comp -3.6%The Russell 2000 was a big post-election Trump trade that soured quickly on tariff worries.On the year:S&P 500 +23.3%Nasdaq +26.8%DJIA +12.9%Russell 2000 10.0%Toronto TSX Comp +18.0%The two-year return of the S&P 500 is the best since 1997-98.The underperformance of the Russell 2000 is notable and I think there needs to be some…
Nasdaq, S&P, and Dow ended lower on the final '24 trading day Source link
NZDJPY daily chart in 2024The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That’s an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder (JPY).This year, the US dollar took an 11.6% bite out of both.It certainly wasn’t a straight line for anyone trading the pair. NZD steadily rose against JPY from May to mid-July and then the bottom fell out as the market sniffed out a global slowdown. It was a rug pull in the pair that led to…
WASHINGTON (Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources told Reuters, though the details of that plan were not immediately clear. The question of whether existing nuclear plants should be eligible for the hydrogen subsidy has been a major sticking point for the rule, with environmentalists saying only hydrogen produced with new clean…
XAU/USD is holding north of $2,600/ounce, but topside momentum remains limited. Another spat of risk-off market sentiment pushed Gold higher on the year-end market session. Global markets will largely be shuttered on Wednesday for the New Year’s holiday. XAU/USD caught a bid on a quiet Tuesday, rising back into $2,625.00 per ounce after taking a quick technical bounce off the $2,600 handle at the start of the week. Markets have been trading within tepid ranges for most of the holiday season as investors clock out for the year and await further fundamental drivers to kick off the next leg of…
The strength of the US dollar was the story of the year in the forex market once again in 2024 and it’s finishing strong today.The dollar slumped late in 2023 as the market saw rate cuts but they didn’t start until late in 2024 and now some analysts think they’re already done, while the Fed funds futures market prices in just 44 bps in easing.The changes around rate expectations led to choppy trading in much of the year but the dollar index is looking to finish very close to the highs of the year. It’s risen 7.1% this year with…
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests a weakening bearish bias as the pair is positioned above the upper boundary of the descending channel pattern. Read More… GBP/USD holds gains near 1.2550, driven by a decline in US Treasury yields GBP/USD retraces its recent losses from the previous session, trading around 1.2550 during the Asian hours on Tuesday. This upside of the pair could be attributed to the subdued US Dollar (USD) amid weaker US Treasury yields. Read…
Clyde Russell at Reuters takes a look at a few scenarios for global markets in 2025 and how they will play out. It’s a good time to think through some different ideas, even if you disagree with some of the takes here. Not surprisingly, the list is dominated by the uncertainty of how Trump and Republicans will govern.&]:mt-2 list-decimal space-y-2 pl-8″ depth=”0″>Trump Better Than Expected&]:mt-2 list-disc space-y-2 pl-8″ depth=”0″>Trade threats yield concessionsUS economy leads global growthChina recoversPeace deals reachedBullish: copperBearish: oil, gas&]:mt-2 list-decimal space-y-2 pl-8″ start=”2″ depth=”0″>Trump Worse Than Feared&]:mt-2 list-disc space-y-2 pl-8″ depth=”0″>Major trade barriers erectedGlobal economy suffersHigher inflationBearish:…