Author: FX

DOJ investigates Medicare billing practices at UnitedHealth, WSJ reports Source link

Prio +1.3% HICP +1.7% vs +1.7% y/y prelimPrior +1.4% This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link

The Pound Sterling gains sharply against its major peers after the release of upbeat UK Retail Sales data for January. UK’s upbeat Retail Sales, hot inflation, and strong wage growth are expected to weigh heavily on BoE’s dovish bets. Investors await for the preliminary S&P Global UK/US PMI data for February. The Pound Sterling (GBP) strengthens against its major peers on Friday after the release of robust United Kingdom (UK) Retail Sales data for January. The Office for National Statistics (ONS) reported that Retail Sales, a key measure of consumer spending, rose at a robust pace of 1.7% in the month…

Feeling lost in the forex market? You’re not alone. Many traders get overwhelmed by charts and data. Candlestick patterns can help, but they might seem hard to learn. Don’t worry, we’ve got you covered. This guide will show you how to use candlestick patterns. It will make the market clearer and boost your confidence. Key Takeaways Candlestick patterns provide quick price information interpretation Understanding basic candlestick anatomy is key Bullish and bearish patterns help predict market trends Combining candlesticks with other indicators improves analysis Risk management is vital when trading with candlestick patterns Understanding Candlestick Basics in Forex Markets Candlestick…

Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses Source link

Is the Kiwi getting tired from its decline? Or are we about to see a continuation of the longer-term downtrend? Here’s a classic reversal chart pattern I’m keeping on my radar in case NZD/JPY tests the neckline soon. NZD/JPY 4-hour Forex Chart by TradingView This yen pair made a couple of failed attempts to break below the 85.50-86.00 region, creating a double bottom pattern on its 4-hour time frame. Price seems to be making some headway towards the neckline just slightly below the 87.50 minor psychological mark, and a break above the resistance could complete the reversal formation. But can…

Are you having trouble finding a simple forex trading platform? Many beginners get lost in complex interfaces and hard-to-understand terms. The cTrader Forex Platform is here to help. Launched in 2010, it’s a modern trading solution for both new and experienced traders. It has an easy-to-use design and strong tools, making forex trading easy for beginners. cTrader lets you trade many CFD assets like forex pairs, shares, and crypto. It has top-notch charting tools, quick trade execution, and detailed pricing. Plus, beginners can try it out for free on demo accounts before trading for real. Key Takeaways cTrader is beginner-friendly…

Bank of Japan Governor Uedamore to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Dollar bears painted the town red throughout the day while crude oil rallied and reversed on supply and demand dynamics. Gold briefly touched a new record high as it inched closer to the $3,000 handle, lifted by persistent market uncertainty. Here are the latest headlines you need to know! Headlines: Reuters poll published on Thursday show that the BOJ will raise interest rates again this year, possibly to 0.75% U.S. Treasury Secretary Scott Bessent says that the Treasury won ‘t be in a hurry to auction more longer-term securities Australia employment change in January: 44K (19.4K forecast, previous reading upgraded…

The Australian Dollar declines as the US Dollar experiences a technical upward correction. Australia’s Judo Bank Manufacturing PMI increased to 50.6 in February, up from 50.2 in January. RBA’s Bullock warned that an overly rapid or excessive monetary policy easing could hinder the disinflation process. The Australian Dollar (AUD) edges lower against the US Dollar (USD) following the release of Judo Bank’s Purchasing Managers Index (PMI) on Friday. However, the AUD/USD pair saw gains after US President Donald Trump announced potential progress in trade negotiations with China, easing market concerns over tariffs. Australia’s Judo Bank Manufacturing PMI rose to 50.6…