Author: FX
The foreign exchange market, or forex for short, can feel like a whirlwind of activity. Prices constantly fluctuate, influenced by a complex web of economic factors, news events, and even investor sentiment. For new traders, navigating this dynamic environment can be daunting. But fear not, aspiring forex warriors! Technical analysis tools like the Daily Pivot Targets Indicator for MT4 can equip you with valuable insights, helping you chart a course through the market’s currents. What is the Daily Pivot Targets Indicator? Think of the Daily Pivot Targets Indicator as your personal “support and resistance map” within the MT4 platform. Once…
SEOUL (Reuters) -North Korea fired a suspected long-range ballistic missile towards the sea off its east coast on Thursday, South Korea’s Joint Chiefs of Staff said, a day after Seoul reported the North was making preparations to launch an intercontinental ballistic missile. The launch, at a sharply raised angle, was from an area near the North’s capital, Pyongyang, the Joint Chiefs said in a statement. It did not confirm whether the missile had dropped. Japan’s Coast Guard also said North Korea fired what could be a ballistic missile. More than 20 minutes hour after the reported launch, the projectile believed…
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 Greenback’s rally continued to give some signs of potential exhaustion on Wednesday, despite encouraging prints from the job creation in the US private sector and further evidence of a resilient US economy. Here is what you need to know on Thursday, October 31: The US Dollar Index (DXY) receded to three-day lows and pierced the 104.00 support amidst the generalised weakness in US yields across the spectrum. The PCE data will take centre stage, seconded by the weekly Initial Jobless Claims, Personal Income and Spending, the Chicago PMI, Challenger Job Cuts, and the Employment Cost Index. EUR/USD gathered extra…
In the Third Quarter 2024 Earnings Call, Masco Corporation (NYSE: NYSE:) displayed resilience with stable net sales and an increase in earnings per share. The company’s Plumbing segment showed robust performance, while the Decorative Architectural segment experienced a sales decline. Despite a challenging market, Masco remains optimistic about long-term fundamentals, emphasizing strategic execution and capital deployment. Key Takeaways Net sales remained flat year-over-year; Plumbing segment sales grew by 2%.Gross profit margin improved to 36.7%, with operating profit increasing by 3% to $360 million.Earnings per share rose by 8% to $1.08.The sale of Kichler Lighting led to a revised full-year sales…
After testing the 10810 level and finding buyers near that level early in the US session, the price has snapped back to the upside and has entered into a topside resistance area between 1.0864 and 1.08725. That area is defined by the 100-bar moving average on a four hour chart, the 200 day moving average, and a swing area. This area should provide topside resistance on the first look.See this video for more details. Source link
GBP/JPY is bullish, but it might have start a consolidation period after a furious rally in October. The RSI in overbought territory while the MACD is green and rising. The pair might sideways trade between 197.00 and 199.00. The GBP/JPY currency pair mildly declined on Wednesday as investors seem to be taking a breather. However, the outlook remains bullish and he buyers must cold the 199.00 line The Relative Strength Index (RSI) indicator has recently crossed into overbought territory, suggesting that the uptrend in the pair may be overextended and that a pullback or correction is likely. However, the Moving…
Investing.com– Bitcoin rose on Wednesday and was within spitting distance of record highs as positioning around the upcoming presidential election spurred sharp gains across cryptocurrency markets. The rose 2% to $72,456.8 by 01:36 ET (05:36 GMT), and was just below a lifetime high of $73,798. Bitcoin boosted by Trump trade Recent gains in Bitcoin and crypto markets were driven chiefly by increased speculation that Donald Trump will beat Kamala Harris in the upcoming presidential election, with voting set for November 5. This trade picked up in recent weeks as prediction markets largely favored a Trump victory, while polls pointed to…
Prior -12.9Economic confidence vs 96.3 expectedPrior 96.2Industrial confidence vs -10.5 expectedPrior -10.9Services confidence vs 6.6 expectedPrior 6.7 This article was written by Justin Low at www.forexlive.com. Source link
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 AUD/USD pair within the H1 timeframe. I’ve shared a trade setup image for your…