Author: FX
After a bit of a lackluster start to the session in Europe, we’re starting to see things pick up again now nearing US trading. The dollar opened with a gap lower with focus on the US election tomorrow and is now starting to track back to the lows for the day. USD/JPY is back down to 151.60 with eyes on its 200-day moving average of 151.54 currently. The pair had opened with a gap lower of around 152.16 at the start of trading this week.USD/JPY 5-minute chartElsewhere, EUR/USD is also hovering near the highs for the day with the pair…
The NZD/USD pair falls back sharply to near 0.5980 in European trading hours on Monday after a strong opening. Source link
Investing.com – The U.S. dollar retreated Monday amid political uncertainty ahead of Tuesday’s presidential election and with the Federal Reserve expected to cut interest rates later in the week. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains in October. Dollar slips ahead of US election The focus at the start of this week turns to the all-important US presidential election on Tuesday, with the race between Republican Party candidate Donald Trump and Democratic rival Kamala Harris extremely close. That said, Harris received…
Is there a chance the RBA could shift to a less hawkish stance in their upcoming rate statement? Our Event Guide for the November RBA Decision suggests that policymakers could acknowledge that inflation is moving closer to target, potentially starting their easing cycle sooner or later. Here are some trend continuation plays I’m watching on AUD/CAD and EUR/AUD in case that happens. 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!…
There are a couple to take note of on the day, as highlighted in bold.The first one is for EUR/USD at the 1.0900 level. The figure level isn’t one that holds any technical significance but the expiries could well help to box in price action in the session ahead. That without much fresh headlines involving the US election in the meantime. However, with the dollar under pressure, there is still a chance of European traders following through on the earlier price action. So, that’s something to be wary about.Then, there is one for AUD/USD at the 0.6600 level. The expiries…
Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 331.06 Saudi Riyals (SAR) per gram, up compared with the SAR 330.39 it cost on Friday. The price for Gold increased to SAR 3,861.28 per tola from SAR 3,853.64 per tola on friday. Unit measure Gold Price in SAR 1 Gram 331.06 10 Grams 3,310.48 Tola 3,861.28 Troy Ounce 10,297.01 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at…
In the fast-evolving world of online trading, security, and risk management have emerged as crucial factors for both retail and institutional investors. With markets becoming more accessible via technology, individuals can now trade stocks, currencies, commodities, and cryptocurrencies from virtually anywhere. However, with increased accessibility comes heightened risk. From cybersecurity threats to financial losses, online traders need robust protection and clear risk management strategies. This article explores the most pressing security concerns in online trading and examines the measures that platforms take to safeguard their users, emphasizing general security protocols and concluding with a look at how Exness, a major player…
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 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 Flip 55 strategy has identified a trading opportunity on the GBP/USD pair within the H4 timeframe. I’ve shared a trade setup image for your…
JAKARTA (Reuters) – At least nine people died after Mount Lewotobi Laki-laki in eastern Indonesia erupted on Sunday, spewing explosive plumes of lava and forcing authorities to evacuate several nearby villages, officials said on Monday. Mount Lewotobi Laki-laki, located on Flores Island in East Nusa Tenggara province, erupted on Sunday at 23.57 local time (15:57 GMT), belching a fiery-red column of lava, volcanic ash and incandescent rocks, Hadi Wijaya, a spokesperson for The Center of Volcanology and Geological Hazard Mitigation (PVMBG), said on Monday. “After the eruption, there was power outage and then it was raining and big lightning which…
The Ichimoku Kinko Hyo and Time Forex Trading Strategy is a powerful combination that can significantly enhance your trading approach in the forex market. The Ichimoku Kinko Hyo system provides traders with a comprehensive view of market conditions by using five key indicators, allowing for a quick assessment of trends, momentum, and potential support and resistance levels. Its unique structure not only simplifies complex market data but also empowers traders to make informed decisions based on a clear visual framework. Incorporating time into this strategy is crucial. Timing your trades effectively can be the difference between a profitable outcome and…