Author: FX

The Trend Continuation Factor and Hurst Exponent Forex trading strategy is a powerful approach that helps traders assess the likelihood of a trend persisting in the Forex market. In an environment where market conditions constantly change, one of the most critical challenges traders face is determining whether a current trend will continue or if a reversal is imminent. By combining the Trend Continuation Factor, which measures the strength of a trend, and the Hurst Exponent, which evaluates the market’s long-term memory, this strategy offers traders a sophisticated way to identify high-probability trend-following opportunities. The Trend Continuation Factor is designed to…

Many new forex traders struggle to understand market trends. Fundamental analysis helps by focusing on factors like economic data, interest rates, and political events. This blog explains how to use fundamental analysis to make better trading decisions. Keep reading it’s easier than you think! Key Takeaways Fundamental analysis helps traders understand what drives currency prices, like GDP growth, interest rates, and inflation. Events like Brexit in 2016 show how political changes can cause big market shifts, such as the British pound dropping 20%. Central banks control interest rates to manage inflation and impact currency strength. Higher rates make currencies stronger.…

halbergman/E+ via Getty ImagesHF Sinclair (NYSE:DINO) agrees to pay a $35M civil penalty and implement compliance measures at an estimated cost of $137M to resolve alleged violations of the Clean Air Act and state laws at its Navajo oil refinery in New Mexico, the Source link

Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the week with gains of over 0.40% as market players await the inauguration of US President-elect Donald Trump. Although the XAU/USD trades at $2,701, down 0.44%, investors continued to buy the golden metal due to political uncertainty. The precious metal continues to be driven by geopolitics…

Steven Weber, the Principal Accounting Officer at IGM Biosciences, Inc. (NASDAQ:), recently sold shares of the company’s common stock. The transaction comes as the stock has experienced significant pressure, down over 70% year-to-date according to InvestingPro data, with the current price of $1.77 representing just 8% of its 52-week high of $22.50. According to a filing with the Securities and Exchange Commission, Weber sold 1,122 shares on January 15, 2025, at a weighted average price of approximately $1.70 per share. The transaction, which amounted to a total value of $1,907, was executed through multiple trades at prices ranging from $1.60…

Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and appreciates against the Greenback due to an improvement in risk appetite following China’s upbeat GDP figures. The USD/MXN trades at 20.72, down 0.38%. During the Asian session, China announced its Gross Domestic Product (GDP) rose by 5% in 2024, meeting the government’s goal for the…

Markets:Crude oil: $-0.47 at $77.38Gold $-11.90 or -0.44% at $2701.83Silver is $0.47 or -1.54% at $30.32Bitcoin up $4864 or 4.87% at $104,831The USD is ending the day higher versus all the major currency pairs. The largest move is a 0.74% gain versus the JPY. The dollar rose by 0.61% versus the CAD and 0.58% versus the GBP. The greenback was and 0.28% versus the EUR in trading today.The US economic data was supportive with housing starts and building permits both higher than expectations (although multifamily units helped to increase the numbers). The industrial production and capacity utilization data was also…

AUD/USD dips 0.20% to around 0.6200 on Friday. Upbeat Chinese GDP fails to offset RBA’s dovish signals. Trump’s impending tariff plans fuel cautious market sentiment. AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve the momentum sparked by China’s stronger-than-expected economic indicators. Persistent expectations of lower Australian rates and apprehension over possible US import levies weigh on the pair. Daily digest market movers: Aussie continues suffering from selling pressure, must hold above 0.6200 The US Dollar finds pockets of demand as investors tread carefully prior to President-elect Trump’s inauguration. Markets anticipate that the new administration may announce…

President-elect Donald Trump is expected to unveil a range of executive directives designed to jumpstart fiscal measures, tariffs and stimulus actions. Robust housing figures, including rising permits and starts, suggest that the United States economy remains on solid footing into the new year. Markets assess fresh Fed officials’ clues. The US Dollar consolidates further at current levels on Friday, with the US Dollar Index (DXY) holding around 109.00 and searching for direction. Markets are left clueless after Federal Reserve’s (Fed) Waller comments suggesting a March rate cut is still in the cards while markets assess fresh low-tier data ahead of…

NZD/USD fell at the end of the weekresting around 0.5590 after struggling to sustain previous gains. RSI plunges to 40 in negative territory, pointing to weakening momentum as sellers regain confidence. MACD histogram shows rising green bars, hinting that not all bullish interest has faded despite the drop. The NZD/USD pair lost ground on Friday, sliding 0.30% to settle near 0.5590. This downturn casts doubt on the sustainability of the pair’s recent consolidation above its 20-day Simple Moving Average (SMA), a region that might still offer a line of defense for buyers hoping to maintain upward traction. With sellers beginning…