Author: FX
WTI crude oil staged a strong bounce off its falling wedge support on the 4-hour chart but could still encounter roadblocks at nearby resistance levels. The Fibonacci retracement tool on the latest selloff shows where more oil bears could be waiting to join in the downtrend. Better keep these inflection points on your radar! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Geopolitical developments, particularly those concerning Russia-Ukraine peace talks and fresh U.S. sanctions on Iran-related oil entities, appear to be pushing crude oil around these days. In addition, the energy commodity is taking cues from hopes that the OPEC+…
Are you having trouble making money in forex trading? You’re not the only one. Many traders get lost in too many signals and indicators. This can lead to big mistakes and missed chances. But what if you could find a way to cut through all the noise? What if you could make better choices? The Currency Power Meter and Chandelier Exit strategy is here to help. It’s a new way to look at currency strength and manage risks. With these tools, traders can see the market more clearly and might do better. Key Takeaways Combines Currency Power Meter for strength…
The European Union is stepping up with more spending for defence in the face of Trump’s cut backs.says Trump tariffs would hinder the EU’s rise in defence expenditurewe don’t need a trade warMacron speaking in a TV interview after his meeting with Trump on Monday. more to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Gold-backed ETFs see biggest net inflows since 2022, supporting prices. Traders eye US economic data, including Core PCE inflation gauge this week. Signs of buyer exhaustion emerge as Gold hovers near all-time highs. Gold prices surged during the North American session after hitting a record high of $2,956 as the Greenback weakened and US Treasury bond yields fell. At the time of writing, XAU/USD trades at $2,949, up 0.49%. Uncertainty keeps Bullion prices underpinned as investors consider trade policies US President Donald Trump proposed. Geopolitics continued to be in the second stage as the Ukraine-Russia conflict seems closer to being…
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…
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…