Author: FX
USD/CAD lacks any firm intraday direction and is influenced by a combination of diverging forces. The overnight rally in Oil prices and reduced bets for a larger BoC rate cut underpins the Loonie. The USD bulls remain on the sidelines ahead of Fed Chair Jerome Powell’s speech later today. The USD/CAD pair struggles to capitalize on its gains registered over the past two days and oscillates in a range, around the 1.4070 area during the Asian session on Wednesday. Spot prices remain close to the weekly high, though the mixed fundamental backdrop warrants some caution before placing fresh bullish bets. …
MTF Fractal and Breakout Zones Forex Trading Strategy is a sophisticated approach for traders looking to capitalize on precise market movements by combining multi-timeframe fractal analysis with key breakout zones. This strategy leverages the power of fractals, which are repetitive price patterns that can signal potential reversals or breakout points. By examining these fractals across multiple timeframes (MTF), traders can better identify critical support and resistance levels, allowing for more informed and strategic trading decisions. This approach goes beyond a single timeframe, giving traders a broader perspective on the market’s direction. Fractals, when observed across multiple timeframes, reveal pivotal price…
The world of forex trading can feel like navigating a stormy sea. Trends can shift unexpectedly, leaving even seasoned traders scrambling for direction. But fear not, fellow chart warriors! Today, we’ll be delving into the depths of a powerful tool known as the Super Trend Profit MT4 Indicator. This handy indicator promises to be your trusty compass, guiding you towards profitable trades by highlighting trends and potential entry/exit points. But before we set sail, let’s equip ourselves with a deep understanding of this potentially game-changing indicator. Unveiling the Functionality of the Super Trend Profit Indicator Now, let’s translate that technical…
EUR/GBP Has moved favorably for us over the past week, even hitting initial targets before bouncing in the new month. What catalysts are up ahead and what are some ways to adjust to them? 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
Prior month manufacturing index -19.7AIG manufacturing index for November -17.9AIG construction index -19.0. Prior month -40.9 This article was written by Greg Michalowski at www.forexlive.com. Source link
It’s been a choppy ride for CAD/CHF and it doesn’t look like things will get any calmer with top tier updates for the broad markets and the Canadian dollar ahead. Let’s do a quick analysis to see what kind of management is warranted! 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
Mexican Peso gains 0.25%, buoyed by strong employment figures and general USD weakness. Despite positive US JOLTs data, Banxico’s willingness for bigger rate cuts supports MXN’s strength. Mixed Fed signals on rate cuts; upcoming US labor data could impact Fed’s December policy decision. The Mexican Peso recovers some ground on Tuesday and climbs against the US Dollar, sponsored by positive jobs data and overall weakness in the American currency. The Greenback weakened despite an upbeat Job Openings & Labor Turnover (JOLTs) report in the US, which could prevent the Federal Reserve (Fed) from easing policy at the December meeting. At…
Maddie Meyer/Getty Images News Moderna’s (NASDAQ:MRNA) mRNA-1647, its vaccine asset for cytomegalovirus (CMV), may not yield positive interim phase 3 data when it could be released by the end of the month, according to Leerink. “MRNA expects to accrue the 81 cases necessary Source link
By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) -French lawmakers will vote on Wednesday on no-confidence motions which are all but certain to oust the fragile coalition of Michel Barnier, deepening the political crisis in the euro zone’s second-largest economy. Barring a last-minute surprise, Barnier’s will be the first French government to be forced out by a no-confidence vote in more than 60 years, at a time when the country is struggling to tame a massive budget deficit. The debate is due to start at 4 p.m. (1500 GMT), with voting expected about three hours later, parliament officials said. President…
I guess they got inside of parliament. FootaWhat a mess. USD/KRW has given some back and the US-listed South Korea ETF has bounced strongly. What a fiasco. This article was written by Adam Button at www.forexlive.com. Source link