Author: FX

The Indian Rupee edges lower in Monday’s early European session.   Persistent selling of domestic stocks from overseas weigh on the INR.  Traders brace for the Chicago Fed National Activity Index for January, which is due later on Monday.  The Indian Rupee (INR) softens on Monday. The concern over Foreign Portfolio Investment (FPI) outflows, with foreign investors offloading over $11 billion in Indian stocks this year continues to weigh on the local currency. Nonetheless, continued softness in the US Dollar (USD) might help offset these outflows, lifting the INR. Additionally, the likely intervention by the Reserve Bank of India (RBI) could prevent…

If you’re serious about trading, you’ve probably considered whether to trade a proprietary (prop) firm account or stick with your personal trading account. Both options offer unique advantages and challenges, making it essential to understand how they align with your trading goals. But here’s the good news: you don’t have to choose just one. By strategically combining both, you can maximize your profit potential and long-term financial growth. Let’s break down the pros and cons of each approach so you can make an informed decision. Trading a Prop Firm Account Prop firms provide traders with access to significantly larger capital…

Are you finding it hard to keep up with the fast forex market? It’s easy to get lost in all the economic indicators. Missing out on high-impact forex news can hurt your trading. But we’re here to help. Imagine over 100 global economic events happening in just one week. The U.S. dollar is involved in 90% of all forex trades. It’s a lot to handle, right? However, knowing key economic indicators like interest rates and inflation can help you navigate the market better. Want to get better at forex trading? Let’s look at the economic indicators that matter most. We’ll…

EUR/GBP has formed lower highs and slightly lower lows to consolidate inside a falling wedge pattern. Is it about to break out soon? Take a look at these nearby inflection points I’m watching on the 4-hour chart! EUR/GBP 4-hour Forex Chart by TradingView Dovish ECB expectations and geopolitical tensions appear to be weighing heavily on the common currency these days, keeping EUR/GBP cruising lower inside its wedge pattern that’s been holding since mid-January. Price has just bounced off support, though, and may be in for a pullback to the nearby resistance zones. Are sellers looking to jump in anytime soon?…

Who’s ready for the first round of revisions on the U.S. GDP report? Any significant upgrades or downgrades could still impact Fed policy outlook, potentially causing big swings in the markets. Better read up on what markets are expecting for the event and how the dollar could react. 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

Earlier this month, we spotted a trading opportunity when EUR/JPY tested a long-term support zone. Since then, the pair jumped about 500 pips before pulling back to retest that support area. Let’s see if the bulls can hold the line again. EUR/JPY Daily Forex Chart by TradingView The Japanese yen stole the show last week, riding a wave of safe-haven demand and getting a boost from Japanese officials hinting at more interest rate hikes. Meanwhile, the euro struggled as traders worried about Europe’s exposure to potential U.S. tariffs and the uncertainty surrounding the German elections. All eyes are on this…

Do you struggle to understand forex market movements? Many traders feel lost in the sea of price changes. They can’t navigate the complex world of currency trading. This frustration often leads to costly mistakes and missed chances. But there’s hope. Technical analysis education for forex can be a lifeline. It helps you learn chart patterns, price action, and market analysis. By mastering these skills, you can make informed trading decisions. This confidence can change your trading game. Don’t let the forex market scare you anymore. Start your technical analysis journey today. Unlock the door to profitable trading. Understanding Technical Analysis…

The Bank of Japan is not too worried about the moves higher in Japanese Government Bond yields, “which are grinding rather than abrupt” says an unnamed source quoted in this (gated) Reuters piece. In summary from the article:BOJ Governor Kazuo Ueda issued a mild warning on Friday that it could increase bond buying if “abnormal” market moves trigger a sharp rise in yields, but he was reiterating the bank’s pledge made when it began tapering bond purchases in July last year. Ueda said the BOJ was unwavering in its stance to allow market forces to determine long-term interest rates. BOJ…

According to exit surveys conducted by German broadcaster ZDF, the Christian Democratic Union and its allied Christian Social Union secured the largest share of votes in the German federal election on Sunday, per CNBC. This puts the party’s leading candidate, Friedrich Merz, in a great position to take over Olaf Scholz as chancellor of Europe’s largest economy.The CDU-CSU won 28.5% of the vote, followed by the far-right AfD with 20% and Scholz’s Social Democratic Party with 16.5%, according to ZDF exit polls.   Market reaction At the time of writing, EUR/USD is trading 0.10% higher on the day at 1.0470.  Euro FAQs The Euro is…

Germany's conservatives win election but tough coalition talks loom Source link