Author: FX
FTNT Elliott Wave Analysis Trading Lounge. Fortinet Inc., (FTNT) Daily Chart. FTNT Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave of (3). Director: Upside in wave 5. Details: WE are looking for a bottom in what appears to be a sideways wave 4 to then complete Intermediate wave (3) at above 100$. Fortinet Inc., (FTNT) 1H Chart. FTNT Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave c of 4. Direction: Bottom in wave c. Details: We are looking at 0.618 c vs. a reached at 95$. Looking for upside into wave i of 5 to confirm the…
Investing.com – European stock markets mostly rose Tuesday, rebounding after recent losses, but inflation concerns and rising borrowing costs are set to keep investors cautious. At 03:05 ET (08:05 GMT), the in Germany climbed 0.6% and the in France gained 1%, while the in the UK dropped 0.1%. Chinese gains help overall tone European equities have largely bounced from the prior session’s weakness, helped by a positive tone seen in Asia overnight on reports of a gradual US tariff increase under the new Donald Trump administration. Chinese stocks surged Tuesday following a Bloomberg report indicating that members of President-elect Donald…
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…
The Indian Rupee rebounds in Tuesday’s early Asian session. A surge in oil prices, continued outflows from foreign investors, and a rally in USD might weigh on INR. India’s WPI inflation data and US PPI reports will be in the spotlight later on Tuesday. The Indian Rupee (INR) recovers some lost ground on Tuesday after reaching a fresh all-time low in the previous session. The Reserve Bank of India (RBI) is likely to intervene to slow down the INR’s depreciation, selling the USD in the spot and the forward markets. However, the local currency remains fragile amid a rise in…
Spot gold (XAU/USD) was knocked lower after hitting the $2,700 mark earlier this month. But buyers showed up at a key support zone, increasing the odds of the yellow metal extending its 2025 gains. Are you seeing what we’re seeing in the 4-hour time frame? Gold (XAU/USD) 4-hour Chart by TradingView In case you missed it, Friday’s solid U.S. jobs report boosted bets on the Fed keeping rates higher for longer, sending U.S. bond yields and the dollar on rallies. This has put some pressure on gold. While global growth worries and geopolitical risks still support the shiny metal, the…
Jan. 13, 2025 9:55 PM ETUS Dollar Index (DXY)USD, UUP, UDN, USDU, US10Y, US2Y, US30Y, EUR:USD, GBP:USD, AUD:USD, USD:JPY, JPY:USD, CNY:USD, CHF:USD, CAD:USDBy: Akanksha Khushi, SA News Editor narvikk The British pound continued its decline against the dollar on Monday as gilt yields rose for a sixth straight day. Sterling was down 0.55%, while dollar retained its strength, driven by stronger than expected labor market data released on Friday. Sterling Source link
Economic data was relatively light on Monday, but that didn’t stop major asset classes from making big moves while the dollar saw a rally-and-reverse kind of day. Risk assets appeared to take cues from market-specific catalysts, as crude oil stayed elevated due to geopolitical tensions while U.S. equities had a mixed run. Check out the latest headlines! Headlines: Chinese Balance of Trade: 104.84 B in Dec (85.0B forecast; 97.44B previous) Chinese imports: 1.0% YoY in Dec (-2.0% forecast, -3.9% previous) Chinese exports: 10.7% YoY in Dec (7.1% forecast, 6.7% previous) Australia MI inflation gauge: 0.6% MoM in Dec (0.2% previous)…
By Leika Kihara YOKOHAMA (Reuters) -The Bank of Japan will debate whether to raise interest rates at its policy meeting next week based on its new quarterly growth and inflation forecasts, Deputy Governor Ryozo Himino said on Tuesday. In a speech to business leaders in the city of Yokohama, Himino said various surveys and reports from the central bank’s regional branches had heightened hopes that wage growth would remain strong this year. He also said the U.S. economy was likely to remain strong for the time being, and the “broad direction” of U.S. economic policy would likely become clear in…
The Magic Trend Trend Percentage Forex Trading Strategy is an innovative approach that combines trend analysis with percentage-based signals to create a more precise and actionable trading system. In the fast-paced world of forex trading, where market conditions can change rapidly, traders need strategies that not only identify trends but also offer a clear indication of their strength and potential longevity. This strategy helps traders distinguish between fleeting market moves and trends that have the potential to persist, providing a reliable framework for making more informed trading decisions. One of the core components of the Magic Trend Trend Percentage Forex…
Many beginners struggle to calculate profit and loss in forex trading. Knowing how P&L works is key to managing your funds and avoiding big losses. This guide explains the steps, tools, and tips for accurate calculations. Read on to learn how to trade smarter! Key Takeaways Understand position size and pip values. A standard lot is 100,000 units, a mini is 10,000, and a micro is 1,000. Pip value changes based on currency pairs like EUR/USD or USD/JPY. Use simple formulas for BUY and SELL trades. For a BUY: (Close Price – Open Price) × Units Traded = Profit/Loss. For…