Brent oil price ended yesterday with strong positivity, as it confirmed breaching 72.00$ to reinforce the expectations of achieving more bullish correction on the intraday basis, on its way to test 73.80$ as a next target, noting that breaching this level will extend the bullish wave towards 75.24$ direct. The price needs to get positive…
Are my eyes deceiving me or is this a reversal pattern forming on silver’s 4-hour time frame? I’m seeing what appears to be a complex double bottom or what could be an inverted head and shoulders formation. In any case, check out this resistance zone being tested! Silver (XAG/USD) 4-hour Chart by TradingView While its…
Investing.com– Asian currencies firmed on Friday, while the dollar retreated as markets bet that the Federal Reserve will kick off an easing cycle from next week, with focus squarely on the scale of a potential interest rate cut. The Japanese yen was the best performer among its Asian peers, coming close to its strongest level…
It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. U.S. stock traders also had a blast, as the S&P and Nasdaq chalked up their fourth consecutive day in the green. Check out the latest headlines! Headlines: Japan’s producer price index…
The recent rebound from its 10 September low of 18,186 has faced a hurdle to clear above its 20-day moving average. Several key elements are advocating for a potential short to medium-term bearish reversal. Watch the key resistance at 18,660. After the 9.4% drop seen in the Germany 30 CFD Index (a proxy for the…
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European Central Bank (ECB) policymakers announced their unanimous decision to lower their main deposit rate by 0.25% as expected, following its previous cut in June. The central bank cut its deposit facility rate from 3.75% to 3.50% and its main refinancing rate from 4.25% to 3.65%, citing weaker growth prospects due to slower private consumption…
I posted earlier this week on Ftich analysts on the FOMC: Fitch says the coming Federal Reserve easing cycle will be mild and slow Fitch now on the Bank of Japan: BOJ “is bucking the global trend of policy easing and hiked rates more aggressively than we had anticipated in July. This reflects its growing…
For any aspiring trader, navigating the exhilarating yet often treacherous waters of the financial markets requires a robust toolkit. While technical analysis and a keen understanding of market dynamics are crucial, one fundamental aspect often gets overlooked: risk management. This is where the ingenious invention the Money Management Calculator 0.1 MT4 Indicator steps onto the…
USD/JPY trades with negative bias for the fourth straight day and hangs near the YTD low. The divergent Fed-BoJ policy expectations turn out to be a key factor weighing on the pair. Investors now look forward to next week’s key central bank event risks for a fresh impetus. The USD/JPY pair weakens further below mid-141.00s…