Author: FX
The 3 Color MACD and TMA MACD Forex Trading Strategy is a powerful and dynamic approach that combines two widely used technical indicators—the 3 Color MACD and the TMA MACD—to provide traders with clear, actionable signals in the foreign exchange market. By incorporating a color-coded version of the traditional MACD, this strategy aims to simplify decision-making while maintaining the effectiveness of a tried-and-true tool for identifying market trends. The TMA MACD, on the other hand, offers a smoother, more accurate representation of price movements, helping to filter out noise and increase the reliability of the signals. This strategy is particularly…
A recent long position in CAD/CHF, initially triggered by stronger-than-expected Canadian CPI data, was stopped out as external market forces overwhelmed the fundamental setup and broke a strong support area. Let’s examine what happened and see what we can learn from this theoretical trade outcome. 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
Dec. 05, 2024 6:50 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures ticked lower Thursday following the well-telegraphed move by OPEC+ to extend production caps at current levels for another three months until April, but barrels would still be added next year to a market that is expected to be 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…
fotoVoyager/iStock Unreleased via Getty ImagesGiven the strong demand expected for Eli Lilly’s (NYSE:LLY) weight loss treatment Zepbound (tirzepatide) in the UK, the country’s National Institute for Health and Care Excellence (“NICE”) said the drug will first be offered to people with the “highest clinical need.” Source link
The US Dollar index plunged below its 20-day SMA, trading below 106.00. Soft labor market data seems to be pushing the buck lower. If economic data continue coming in soft, markets might continue to bet on a more dovish Fed. The US Dollar (USD) is under significant selling pressure on Thursday as markets gear up for the release of November’s United States (US) Nonfarm Payrolls (NFP) data on Friday. The Greenback’s decline has been driven by weaker-than-expected labor market signals, including a sharp rise in Initial Jobless Claims and an increase in layoffs reported by the November Challenger Job Cuts…
Investing.com — Bank of America analysts added Walmart (NYSE:) to their US-1 list on Thursday, citing strong share gains, growth in high-margin ancillary businesses, and improved e-commerce performance. At the same time, Costco (NASDAQ:) was removed, although the firm maintains its Buy rating on the stock, noting potential limits to further multiple expansion. BofA said Walmart is benefitting from “broad-based share gains” across product categories and income cohorts, particularly among higher-income consumers. Its omni-channel strategy, including expanded online offerings, remodels, and Walmart+ membership growth, supports its strong positioning. These gains are expected to continue. For the holiday season, the bank notes…
$100,000 is a major signpost for bitcoin and we’re seeing some profit taking now as hodlers look for ETF buying as exit liquidity.bitcoin 5 minsThe broader risk mood is also stumbling slightly, though it’s hardly a notable move. I’m keeping a close eye on rising Treasury yields, particularly at the front end. That could drag sentiment lower.As for bitcoin, $100,000 is now support and I imagine there will be large bids there and just below. Source link
The US Dollar sells off in the US session with Challenger Job Cuts and Jobless Claims ticking up ahead of Friday’s NFP. In France Marine Le Pen uses momentum to try and push through here agenda ahead of President Emmanual Macron’s speech. The US Dollar Index (DXY) failed to close above the pivotal 106.50 level and undergoes harsh rejection. The US Dollar (USD) is selling off this Thursday ahead of Friday’s US Nonfarm Payrolls print in the US Jobs Report for December. The depreciation of the Greenback got triggered with on one had very bearish data from the weekly Initial Jobless…
(Reuters) -The U.S. voiced concern about potential foreign interference in Romania’s presidential election after the declassification of documents showing the country was a target of “aggressive hybrid Russian attacks” during a period of three consecutive ballots. Having previously polled in single digits, pro-Russia ultranationalist Calin Georgescu surged to victory in the first presidential election round on Nov. 24, causing widespread surprise in the European Union and NATO member state. An opinion poll by AtlasIntel, conducted Dec. 2-4 and quoted by news website hotnews.ro, showed Georgescu would defeat centrist leader Elena Lasconi in the Dec. 8 presidential run-off by a 47%-43%…