FX Weekly Recap: May 20 – 24, 2024
Hawkish interest rate bets kept the dollar supported while positive U.K. and Euro Area data releases drew in bullish demand for EUR and GBP.
Hawkish interest rate bets kept the dollar supported while positive U.K. and Euro Area data releases drew in bullish demand for EUR and GBP.
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The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data. At the time of writing, AUD/USD trades around 0.6511, holding steady after earlier swings following the release of the US Consumer Price Index (CPI) and S&P Global Purchasing…
You find a promising EA.The backtest looks flawless.The equity curve is smooth, the win rate is over 95%, and it barely ever loses. So you go live… and within days, your account starts bleeding. This is the trap most traders fall into — trusting the curve instead of the logic. In this post, I’ll show…
The British pound is on a nasty slide and has lost 1.8% since Monday. In the European session, GBP/USD is currently trading at 1.2294, down 0.53%. Earlier, the pound fell as low as 1.2237 (1%), it lowest level since Nov. 2023. BRC shop inflation hits 3.5 year low The latest setback for the pound was…
At the end of Monday, the Dow Jones Index (US30) was up 0.32%. The S&P 500 Index (US500) added 0.09%. The Nasdaq Technology Index (US100) closed higher by 0.09%. Surprisingly, markets digested positively the downgrade of the US credit rating by Moody’s to Aa1. Treasury Secretary Scott Bessent downplayed the move and urged trading partners…
Today, a new 10-day high was formed for AUDUSD at the 0.67500 level During this morning’s Asian trading session, the AUDNZD rose to the 1.09000 level AUDUSD chart analysis Today, a new 10-day high was formed for AUDUSD at the 0.67500 level. The pair made a breakthrough above last week’s high at 0.67330. This…