A busy trading calendar meant that the major assets were exposed to asset-specific catalysts and new market themes! Which headlines caught the investors’ attention and how did your favorite assets trade? Let’s break down the major market moves on Thursday: Headlines: Japan trade balance shifted to a deficit of JPY 294.24 billion in September 2024,…
For the MACD TRADING EA MT4/MT5 my current recommendation is to trade only these set files EURUSD, USDCHF, AUDUSD, GBPUSD ,USDCAD,NZDUSD AND XAUUSD with specific settings You can find the MACD TRADING EA MT4/ MT5 set files, along with detailed instructions and advice at the bottom of this guide. Note: Though this uses grid/hedge/martingale system…
Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho. MU Weekly Chart March 2023 As we see…
Hello traders, welcome to a new Forex blog post. In this one, we will discuss AUDUSD short-term Elliott wave analysis. We believe the forex pair is still within a bearish corrective cycle from late September 2024. Thus, the current minor bounce should fail at some point, leading to a further intraday sell-off. From the perspective…
In a unanimous decision and as markets had expected, European Central Bank (ECB) members cut their key interest rates by 25 basis points effective October 23: The deposit rate is now down to 3.25% The main refinancing rate will dip to 3.40% The marginal lending facility rate will ease to 3.65% Link to ECB October…
The data is in the screen shot below. More: the unemployment rate in 31 cities was 5.1% January – September property investment was down 10.1% y/y January – September infrastructure investment was +4.1% Offshore yuen is up a little after the data. All three of the major activity indicators were above expectations, with retail sales…
The Australian Dollar rises as the solid employment data diminish the odds of RBA’s rate cuts in 2024. China’s Gross Domestic Product is expected to report 4.5% growth YoY in Q3, compared to the previous 4.7% reading. The US Dollar received support from a solid US Retail Sales report, fueling the likelihood of the Fed delivering…
The foreign exchange market, or forex for short, can feel like a whirlwind of charts, indicators, and jargon. But fear not, intrepid trader! Today, we’re diving into a powerful tool that can simplify your analysis and potentially boost your trading success: the Color Osma MT4 Indicator. This guide, crafted with both beginners and seasoned traders…
By David French (Reuters) -The advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC’s upbeat forecast buoyed chipmakers’ stocks. The other main Wall Street benchmarks were largely unchanged, as the dipped to a fractional loss and the eked out…
Market Analysis: NZDUSD Signals Potential Shift in Market Sentiment NZDUSD recent market developments indicate a notable shift in sentiment as the pair transitions from a bullish to a bearish trend. After a prolonged bullish run from the 0.58650 level, where the price consistently formed higher highs and higher lows, momentum faded in late September 2024….