Author: FX
Currency markets saw major shifts in central bank sentiment this week as odds of a post December Fed rate cut pause grew, while the SNB and ECB opted for rate cuts. This policy divergence shook up trading patterns, with the dollar crushing the competition to take the top spot overall. How did the majors trade this week? We’re breaking down individual currency price reactions below! 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 Access to exclusive MarketMilk™ sections…
What are the technical levels in play for the major currency pairs vs the USD? EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD: AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source link
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…
NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850. Pair remains capped by the 20-day SMA, with upside attempts thwarted by persistent selling pressure. RSI hovers near oversold territory at 34, while MACD histogram prints rising red bars, indicating intensifying bearish momentum. The NZD/USD pair struggled on Friday, slipping by 0.14% to 0.5760 and failing to hold onto gains that briefly lifted it toward the 0.5850 area. Persistent selling pressure and the inability to break above the 20-day Simple Moving Average (SMA), currently near 0.5890, continue to weigh on the pair’s short-term prospects. Technical indicators reinforce…
Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and Banxico next week could further influence USD/MXN. The Mexican Peso recovered after registering losses on Thursday and appreciated some 0.50% against the Greenback during the North American session. Mixed economic data from the US released in the week augmented bets that the Federal Reserve ( Fed) will cut interest rates next week. The USD/MXN trades at 20.11, down after hitting…
The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data highlights in Friday’s session. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades neutral on Friday with some minor gains in the US trading session. The Greenback is under some pressure from profit-taking after steep rallies against many major G20 currencies earlier this week. This retracement follows the…
The major US indices are ending the session with mixed results. The Dow industrial average is marginally lower. The S&P is near unchanged. The NASDAQ index is marginally higher.A snapshot of the closing levels shows:Dow industrial average fell -86.06 points or -0.20% at 43828.06. The NASDAQ closed lower for the 7th consecutive day (down 2.82%). For the trading week, the index fell -1.82%S&P index fell -0.16 points or -0.0% at 6051.09. For the trading week the index fell -0.64%.NASDAQ index rose 23.88 points or 0.12% at 19926.72. For the trading week the index squeaked out a small 0.34% gain. For…
Our short position in EUR/GBP was taken out after a weaker-than-expected UK GDP update. Let’s take a look at the outcome and compare it with other theoretical adjustment options to see what we can learn. 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 Access to exclusive MarketMilk™ sections Plus More! Source link
The ATR Volatility and Wilders DMI Averages Forex Trading Strategy offers traders a dynamic approach to navigating the volatile forex market. At its core, this strategy leverages two powerful technical indicators: the Average True Range (ATR) and Wilder’s Detrended Oscillator (DMI). Together, these tools help traders understand market volatility and trend strength, making it easier to identify potential entry and exit points. By using ATR to measure price volatility and DMI to analyze market direction, this strategy allows for more informed decision-making in the fast-moving forex environment. One of the key advantages of this strategy is its ability to adapt to changing…
The Advanced Trendlines and Center Of Gravity V3 Forex Trading Strategy is a powerful approach designed to help traders identify precise market movements and capitalize on price reversals. At its core, this strategy combines the effectiveness of advanced trendline analysis with the predictive insights of the Center Of Gravity V3 indicator. Trendlines are essential tools for detecting market direction and uncovering support and resistance levels, while the Center Of Gravity V3 provides a visual representation of price equilibrium, helping traders anticipate potential turning points with greater accuracy. What makes this strategy particularly effective is its ability to adapt to changing…