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Daily Broad Market Recap – August 7, 2024
The markets took a step back from pricing in their recession fears, leading to upticks for a lot of the major assets on Thursday. Which headlines helped boost market sentiment yesterday? We’re breaking them down for ya: Headlines: RICS: A measure of U.K. house price increases came in at -19% in July, more negative than…
EUR/USD Weekly Outlook – Action Forex
EUR/USD edged higher to 1.1494 last week but lost momentum again. Initial bias stays neutral this week first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On the downside, break of 1.1356 support will…
Chart Art: Potential Trend Support Areas For Gold (XAU/USD)
Spot gold turned lower from its $2,600 record highs following the Fed’s interest rate cut event! Are we looking at an opportunity to jump in XAU/USD’s long-term uptrend? Let’s take a closer look at the 4-hour time frame: Gold (XAU/USD) 4-hour Forex Chart by TradingView In case you missed it, the Fed had a “Brat…
Gold Miners (GDX) Buying the Dips at the Blue Box Area – Forex Market Analysis – ForexCycle.com
As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections,…
Beware Trading Gurus: Protect Your Wallet from Deceptive Advice – Edge-Forex :
The internet is overflowing with trading gurus, each claiming to hold the key to financial independence. These self-proclaimed experts flaunt extravagant lifestyles—luxury cars, private jets, and exotic holidays—while promising that you, too, can achieve it all with their exclusive trading strategies. The allure is undeniable, but can these trading gurus really deliver what they promise?…
FIX API and MAM API for Risk Distribution in Forex Trading
In the realm of forex trading, effective risk management is paramount for ensuring profitability and stability, especially for large institutional players. This white paper explores how institutional players like FXtriangle utilize FIX (Financial Information Exchange) API and MAM API (Multi-Account Manager) to distribute risk across numerous accounts. We will draw parallels to the practices employed…
