The AUDUSD pair saw a sharp drop of over 130 pips today, mainly due to increased demand for the US Dollar (USD). The USD Index (DXY) surged to a four-month high after exit polls from the US presidential election indicated that Republican nominee Donald Trump was leading the race. Additionally, projections that Republicans could gain…
I hope you didn’t lose sleep over the election last night. As the votes came in, one thing was for certain – the markets liked the odds leaning in favor of President Trump. Whether you voted for him, or Kamala Harris, as traders, we want to focus on the dynamics of the stock market. That’s…
Gold prices plummet as Trump’s election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards higher interest rates, diminishing gold’s appeal. Technical analysis suggest bearish momentum is building, will safe haven demand return and underpin Gold prices? Most Read: US Dollar Index (DXY) Explodes Higher as Markets Prepare for a Trump Victory…
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2024.11.06 2024.11.06 Directional Movement Index (DMI): Formula, Uses, and Trading Applications Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The Directional Movement Index (DMI) is a technical indicator commonly used to confirm signals in trend-following strategies. Different sources may interpret the indicator in various ways. Internationally, the DMI often includes three components: +DI, -DI, and the Average Directional Index (ADX). In…
Republican Victory Lifts Dollar, U.S. Equities, and 10-Year Treasury Yield Sharply November 6, 2024 Donald Trump’s declared electoral votes topped the magical 270 much more quickly than had been expected. Republicans also recaptured a senate majority and lead in House seat contest with 57 still undecided. Trump has a 3.5 percentage point majority in the…
Deriv Broker Introducing: New Step Indices Available on DBot a Free Trading Software Deriv Broker Introducing New Step Indices Available on DBot a Free Trading Software We’ve expanded our Rise/Fall offerings with four brand-new Step Indices: Step 200, 300, 400, and 500. You can now trade them on Deriv Trader, Deriv Bot, and SmartTrader. Deriv…
EURUSD Buyers Feel Pressure EURUSD buyers are testing the 1.08780 resistance as the dollar strengthens, creating challenges for upward momentum. The pair has encountered resistance at this level, with buyers attempting to regain control amid renewed dollar strength. Early in the week, the Euro showed signs of weakness as dollar strength limited bullish movement. EURUSD…
Is There a Chance the Fed Will Not Cut Interest Rates? Attention will now shift to Thursday’s FOMC decision where a 25bps rate cut is widely expected. So, the surprise would be no change by the Fed, which cannot be ruled out following the resounding win by President-elect Trump. What would you do…
By RoboForex Analytical Department The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election. This rally aligns with increasing support for Donald Trump, whose lead in critical states has fuelled investor optimism. This week, US political developments are poised to dominate…