Author: FX
Our Forexpedia defines the breakeven point as the level where gains are equal to losses. A breakeven trade is one that is neither a winner nor a loser. It closes at a particular price where profit and loss are both equal to zero. Sure, you rarely get praise from others (as well as yourself) for breakeven trades. But don’t take them for granted! The beauty of breakeven trades is that although you may not increase your account with them, they do protect your capital. Let me discuss the two kinds of breakeven trades and the psychology behind them. Let’s start…
The dollar is keeping steadier across the board with light changes for the most part. The only standout among major currencies is the more sluggish showing from the aussie and kiwi. They were already down since Asia trading and remain that way to start the session here in Europe. AUD/USD is down 0.4% to 0.6525 currently:AUD/USD daily chartThat erases the gains from yesterday, which were rather tentative in any case. As such, this puts the scrutiny back on the downside pressure created on Wednesday when we saw a drop towards 0.6400 at the time.Sellers are in near-term control and are…
The Japanese Yen is seen oscillating in a narrow trading band against the US Dollar on Friday. A softer risk tone, trade war fears, and geopolitical risks underpin benefit the safe-haven JPY. The USD/JPY bears seem reluctant to place aggressive bets ahead of the key US NFP report. The Japanese Yen (JPY) struggles to capitalize on the previous day’s modest gains and oscillates in a narrow range against its American counterpart during the early European session on Friday. The near-term bias, meanwhile, seems tilted in favor of the JPY bulls amid the Bank of Japan’s (BoJ) more hawkish stance. In…
By Sinead Cruise and Lawrence White LONDON (Reuters) – President-elect Donald Trump’s return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers are forecast to rake in about $27.6 billion in fees, according to previously unreported figures from analytics and insight provider Coalition Greenwich, in what could be their second-best year in at least two decades. Global investment banking income has only topped $300 billion five times in the last 20 years, the…
EUR/CAD looks set for a potential upside breakout in the next few days. Let’s take a closer look at the pair’s Reverse Head and Shoulders pattern in the 4-hour time frame: EUR/CAD 4-hour Forex Chart by TradingView In case you missed it, easing concerns over France’s government and better-than-expected German factory orders report helped boost the demand for the euro on Thursday. The Canadian dollar, on the other hand, is having trouble attracting sustained demand thanks to the decline of crude oil prices, dovish Bank of Canada (BOC) expectations, and uncertainty ahead of Canada’s labor market data release. Remember that…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straight forward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the 3/12 Tunnel strategy has identified a trading opportunity on the CHF/JPY pair within the H4 timeframe. I’ve shared a trade setup image for…
The S.Korea Joint chief of staff says there is no need to worry about a 2nd martial law. This article was written by Greg Michalowski at www.forexlive.com. Source link
Bitcoin hit a key milestone on Thursday even as the rest of the major assets saw pullbacks or stayed in wide ranges. Meanwhile, the U.S. dollar extended its losses ahead of Friday’s U.S. jobs reports. Which headlines influenced market price action yesterday? We have the deets: Headlines: Bitcoin traded above $100K and hit $104K before pulling back down Australia’s goods trade surplus widened to 5.95B AUD as exports rose 3.6% while imports rose 0.1% Switzerland unemployment rate steady at 2.6% in Nov (2.7% expected) Germany factory orders down 1.5% m/m in Oct (-2.0% expected, previous reading upgraded from 4.2% to…
The Australian Dollar attracts some sellers in Friday’s Asian session. Discouraging GDP number sparks the RBA rate cut bets, weighing on the Aussie. The US Nonfarm Payrolls report will take center stage on Friday. The Australian Dollar (AUD) edges lower on Friday. Disappointing economic growth could prompt the Reserve Bank of Australia (RBA) to adopt a more dovish tone at next week’s monetary policy meeting, potentially setting up a February rate cut. This, in turn, exerts some selling pressure on the Aussie. Traders will closely monitor the US November employment report, including Nonfarm Payrolls (NFP), Unemployment Rate and Average Hourly Earnings.…
The Forecast Oscillator, often abbreviated as FOSC, is a technical analysis indicator specifically designed for the MT4 platform. Developed by the ingenious Tushar Chande, it’s an extension of the Time Series Forecast (TSF) method, a concept that aims to predict future price movements based on past data. Here’s a quick historical tidbit: Chande, a pioneer in the field of technical analysis, authored numerous books and indicators, including the ever-popular Stochastic Oscillator. So, you can be confident that the FOSC is a product of a well-respected mind in the trading world. Understanding the Calculation of the Forecast Oscillator But how exactly…