By Kevin Buckland TOKYO (Reuters) -The Australian dollar rose to its highest level this year on Tuesday as the central bank reiterated its determination to tame stubborn inflation, while the yuan climbed to a 16-month peak after fresh stimulus steps from China. The Reserve Bank of Australia kept interest rates steady as widely expected, but…
The EURUSD pair has hit a roadblock, failing to break above the 1.1188 resistance level. As a result, it’s now confined to a trading range between 1.1068 and 1.1188, leaving traders wondering about its next move. Despite this consolidation, the broader uptrend from 1.1001 remains intact as long as the 1.1068 support holds. This sideways…
Introduction The EUR/USD currency pair, a popular trading instrument in the forex market, has recently shown some gains. However, the outlook for this currency pair might not be as optimistic as the recent upward trend suggests. In this article, we’ll dive deep into the factors affecting the EUR/USD movement, examining the economic data, geopolitical events,…
Prior 4.35% Latest data does not change previous assessment that policy is restrictive and working as anticipated The outlook remains highly uncertain Inflation is still some way above the midpoint of the 2% to 3% target range Returning inflation to target is the priority Underlying inflation remains too high Policy will need to be sufficiently…
GBP/USD remains near 1.3350, close to its 31-month highs GBP/USD extends its winning streak for the fifth consecutive session, trading around 1.3350 during the Asian hours on Tuesday. The pair maintains its position near its 31-month high level of 1.3359, recorded on Monday. The US Dollar (USD) may depreciate due to increasing expectations for further…
The major assets were all over the place on Monday, as traders priced in the Fed’s rate cut, escalating Middle East tensions, and potential global growth slowdown. Which headlines caught traders’ attention in the last trading sessions? We’re talking about them below! Headlines: New Zealand trade deficit jumped to 2.20B NZD in August, July’s deficit…
HONG KONG (Reuters) – Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores. The lifestyle products retailer’s shares dived to the lowest since December 2022, on track for the biggest one-day percentage drop…
Hello fellow traders. In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of SPDR Energy ETF (XLE) , published in members area of the website. As many of our members know, the ETF has found buyers at the extreme zone recently. XLE hit our target area and…
The Momentum ATR Normalized Signal MT4 Indicator, often referred to as the “MANSI” for short, is a technical analysis tool specifically designed for the MetaTrader 4 (MT4) platform. It combines three key elements to help you identify potential trading opportunities: Momentum Oscillator: This component measures the rate of price change, providing valuable clues about the strength…
The Fibo Pivot Candle Bar and Non-Lag Relative Strength Forex Trading Strategy stands out as a powerful tool. This strategy skillfully integrates Fibonacci pivot points with candle bar patterns and a non-lagging relative strength indicator, offering traders a comprehensive understanding of market dynamics. Its effectiveness lies in its ability to provide clear, actionable insights that…