Dollar Pushing for Parity! – Orbex Forex Trading Blog

Look’in Spiffy We were plugging through a bunch of indicators by examining them visually and paused at this week’s contestant.  We mused, “Where had we seen this?”  Sure enough, we’ve profiled a couple of other indicators that looked very similar and wondered if this was something that was repackaged as a new or renamed tool….

The Australian dollar has snapped a three-day rally on Thursday.  In the European session, AUD/USD is trading at 0.6266, down 0.27% on the day.  After sliding to a 5-year low on Monday, the Aussie has recovered and gain 0.9% this week. Australia’s PMI stronger than expected It’s been a good week for Australian PMIs.  On…

By Echo Wang NEW YORK (Reuters) – KKR & Co (NYSE:) has raised $4.6 billion for its debut fund focused on mid-sized deals in North America despite a difficult fundraising environment as high interest rates dampened investors’ appetite for debt-driven buyouts, the U.S. private equity firm told Reuters on Monday. New York-based KKR, which had…

On 15 December, we highlighted that USD/JPY was sliding towards a key support area near the lower boundary of its ascending channel. Since then (as shown by the arrow), the pair has reversed higher, gaining around 1.5% and moving close to an important high set last month. Notably, the advance has occurred despite two bearish…

Iran foreign minister Aragchi travelled to Oman as expected on the weekend but then returned to Pakistan, according to reports. There are also reports that there has been some progress on the nuclear file, with the US accepting a moratorium on the enrichment ban or some kind of phased enrichment after 10 years. The comment…

The break and retest strategy is a trading approach based on support and resistance levels. A breakout occurs when price moves beyond a key level, while a retest happens when price returns to that level before potentially continuing in the direction of the breakout. Traders use this strategy in forex and CFD markets to identify…