Dow Jones – 05.11.2024 – Orbex Forex Trading Blog

As the XNG/USD chart shows today, natural gas prices are trading close to the March peak, which is the highest level since December 2022. According to Trading Economics, the rise in gas prices has been driven by several factors: → Despite short-term warming in the US, weather models point to colder conditions ahead. → LNG…

DBS Group Research economist Chua Han Teng expects the People’s Bank of China to keep the 1-year Loan Prime Rate at 3.00% on February 24, as January data are still unfolding. The report says policy remains cautiously accommodative, reflected in a lower USD/CNY fixing below 7.0, with reliance on structural tools and broader easing anticipated…

Core machinery orders data from Japan for August 2024, very disappointing indeed. -1.9% m/m expected +0.1%, prior -0.1% -3.4% y/y expected 3.8%, prior 8.7% Really awful data. About the best that can be said is that this is choppy data set. — The core machinery orders data is a highly volatile series its used as…

Introduction In the vast and ever-evolving world of forex trading, automation has become the holy grail for traders seeking consistent profits without the grind of screen time. Among the flood of expert advisors (EAs), one name is currently making serious waves—Obsidian Edge EA. Marketed as a hands-free profit generator with mind-bending monthly returns, this EA…

Forex Analyst Toolkit: Comprehensive Review and Detailed Analysis The Forex Analyst Toolkit is an advanced tool for forex traders that combines powerful charting and technical analysis features with practical trading functionalities. Designed for MetaTrader 4 (MT4), this all-in-one solution facilitates enhanced market analysis, alert systems, and risk management tools for traders at any skill level….