Author: FX
Official manufacturing PMI rebounded in February; 2-month average suggests steady production activity. Trade performance likely weakened last month due to both the holiday and tariff impact. CPI may have dropped y/y on a fall in prices of food, fuel and services, as well as a high base effect. Retail sales and FAI growth likely edged up on policy support, while IP growth may have moderated, Standard Chartered’s economists report. A mixed start to the year”The official manufacturing PMI rebounded to 50.2 in February from 49.1 in January after the Lunar New Year holidays. The average new orders and production PMIs for 2M-2025…
Feeling lost in the forex market? RSI analysis could be your answer. Many new traders get confused by complex charts and indicators. The Relative Strength Index (RSI) makes it easier, giving clear signals to buy or sell. But, if you don’t understand RSI, it can cause big losses. This guide will help you understand RSI for forex trading. It will turn confusion into confidence. Let’s learn how to use RSI to improve your trading skills. Key Takeaways RSI measures market momentum on a scale of 0 to 100. Overbought conditions typically occur above 70. Oversold conditions usually appear below 30.…
Tariff concerns are weighing on commodity-related currencies like the Australian dollar lately, but can a strong GDP read improve AUD demand? Our Event Guide for Australia’s Q4 2024 GDP Report highlights that an upside surprise could reinforce the Reserve Bank of Australia’s (RBA) cautious stance on rate cuts and attract more AUD buyers. Here’s why we’re watching AUD/CAD and AUD/CHF in case Australia’s Q4 growth beats expectations: 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…
Bitcoin (BTC/USD) daily chartI don’t want to say it but it is hard not to. Is this one of the biggest rug pulls in the crypto history?I think a lot of investors are starting to lose confidence again in a game that was already so easy to rig even before all of this. But with the crypto president at the helm now, it’s pretty much the wild, wild west again. Adding to that is the level of grift we’re seeing since he took office, not least with his memecoins previously. And all of this will go unpunished, unfortunately.For some context:…
Are you having trouble succeeding in forex trading? It might not be your strategy that’s the problem. Instead, it could be your mindset. Many traders don’t realize how important psychology is to their success. Studies show that psychology is responsible for nearly 40% of a trader’s performance. Ignoring this can lead to big mistakes and emotional choices. These can ruin your chances of reaching your trading goals. Building a strong forex trader mindset is key to overcoming these issues. By focusing on trading psychology and developing good trading habits, you can get ahead. This article will show you how to…
The Australian dollar is already under a lot of downside pressure lately, so can the upcoming GDP release drag it any lower? Our Event Guide for Australia’s Q4 2024 GDP Report points out that growth components like spending and trade are showing weak spots. Here’s what I’m watching on AUD/NZD and AUD/JPY if the growth report disappoints. 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
Heads up, Aussie traders! The Land Down Under is scheduled to print another major report in the form of its GDP reading this week, and the results could continue to shape RBA policy expectations. Here’s what you need to know if you’re planning on trading this top-tier catalyst. 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
Risk sentiment started on weak footing in March, markets priced in U.S. tariff plans on Canadian and Mexican goods, along with the prospect of further trade restrictions. How did the major assets react to Monday’s headlines? We have the deets! Headlines: Over the weekend, U.S. President Trump announced plans for a “Strategic Crypto Reserve” that may include BTC, ETH, XRP, SOL, ADA Over the weekend, U.K. and other European leaders agreed to draft a Ukraine peace plan to take to the U.S. Australia S&P Global Australia Manufacturing PMI Final for February 2025: 50.4 (50.6 forecast; 50.2 previous) Japan Jibun Bank…
The Australian Dollar remains under pressure as the RBA’s February Meeting Minutes highlight downside risks to the economy. Australia’s Retail Sales rose by 0.3% MoM in January, recovering from a 0.1% decline in December. The US Dollar weakened after European leaders voiced support for security guarantees for Ukraine, improving risk sentiment across global markets. The Australian Dollar (AUD) retreats against the US Dollar (USD) on Tuesday, giving up recent gains. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia (RBA) Meeting Minutes and Retail Sales data. The RBA’s February Meeting Minutes highlighted downside risks…
Trump says Japan, China cannot keep reducing value of their currencies Source link