Dow Jones – 14.10.2024 – Orbex Forex Trading Blog

USD: ING’s customers turn a little more bearish on the dollar In a poll taken during our Economics Live webinar yesterday, 25% of respondents felt EUR/USD would end the year over 1.13, while 46% felt it would remain roughly stable in a 1.10-1.13 range. This was a subtle shift from poll results in early June…

The MIndex MT4 Indicator is a momentum-based tool designed to help traders identify overbought and oversold conditions with precision. It works by analyzing market strength and visualizing that data in an easy-to-read format. Whether the market is ranging or trending, MIndex helps traders understand what’s happening behind the candles. Instead of relying on guesswork, traders…

Sun: Japanese Prelim. GDP (Q4) Mon: US Holiday (Washington’s Birthday/Presidents Day); Eurogroup Meeting; Swedish Unemployment (Jan), EZ Industrial Production (Dec) Tue: RBA Minutes (Feb); UK Unemployment/Wages (Dec), German ZEW (Feb), US ADP Weekly, Canadian CPI (Jan), NY Fed (Feb), Chinese Lunar New Year (Hong Kong markets closed from 17th-19th Feb) Wed: RBNZ Announcement, FOMC Minutes…

High investments and Capital Expenditures that were seen as only positive are now being targeted by profit-takers and short-sellers, as investors question how long it will take to materialize into profits. This comes amid times when OpenAI, the founder of ChatGPT, is under heavy scrutiny for its fast-paced cash burning, and it gets even more…

Whether you’re a seasoned forex trader or just a newbie, I’m sure you’ve already come across a few generalizations about trading. But be warned! Some may have some truth, but these three are nothing but myths. Here are three of them: 1. “Try often enough and pretty soon you’ll succeed.” Perhaps we have Disney to…