FX Weekly Recap: August 19 – 23, 2024

By ForexTime  Silver ↑ 33% since start of 2024 83% correlation with gold over past 5 years Supported by Fed cut & industrial demand Over past year US NFP triggered moves of ↑ 2.2% & ↓ 2.6% Bloomberg FX model – 70% – ($30.14 – $33.41) The week ahead is stacked with key data and…

The Variance V2 MT4 Indicator is a custom-built tool designed for MetaTrader 4, a popular trading platform forex traders use. It helps analyze price volatility by measuring how much the price moves away from the average. Instead of relying only on standard indicators like RSI or MACD, this tool gives traders a unique view of…

CME Group has announced plans to launch Spot-Quoted futures on June 30, pending regulatory approval. The company says it will introduce new trading opportunities for retail investors in cryptocurrency and equity index markets. The new contracts will allow traders to take long-term futures positions at spot-market prices without the need for frequent rolling, with holdings…

Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 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…

Gold prices start the week lower as the US Dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025. Gold’s safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict. Technical analysis suggests a bullish structure for Gold on a four-hour timeframe, with a…