EUR/USD is currently testing the key support level at 1.1026, a critical point for the pair’s next move. Potential Scenarios Bearish Breakdown: If the price breaks below 1.1026, it could trigger further downside movement, with the next target around the 1.1000 area. A continued decline could push the pair toward 1.0960, followed by the 1.0900…
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A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to draw…
MARKET REPORT(Unburdened by what has been) 1873 Crash of the Vienna Bourse Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– NY Fed SCE sees 1yr & 5yr inflation expectations unchanged, but 3yr rises – Cooler-than-expected China inflation dataGENERAL:– Apple (-1.05%) introduced the latest version…
CNBC refer to a note from Barclays. Analysts at the bank assert that the US jobs markets is “showing no sign of the rapid deterioration that would call for a 50bp Fed cut this month”. The forecast is for FOMC rate cuts of 25bp at the next three meetings: September 17 and 18 November 6…
Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 In financial services, achieving global success requires…
Fundamentals surrounding the US dollar suggest that the greenback is gaining traction. Consequently, this has initiated a continued downward correction in the GBP/USD pair. From the better-than-expected Nonfarm payroll data to the decreasing unemployment rate, the US seems to be performing well. This may influence the upcoming rate cut. Key Price Levels:Resistance Levels: 1.3100, 1.3250,…
US Dollar recovers following last Friday’s gains. Inflation data takes center stage, CPI expected to show moderation. Fed easing expectations have steadied with market pricing in less aggressive cuts. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six currencies, extended its recovery on Monday ahead of key inflation…
Trading Room September 9, 2024 | 9:00 pm | The 5%ers’ Blog > Trading Room September 9, 2024 | 9:00 pmThe 5%ers’ Blog > Trading Room Live Trading Room The trading rooms are the opportunity to trade together with our traders! In the trading rooms, we will all interact, scan, and analyze the markets and…
Rachel Reeves tells Labour she is ‘not immune’ to concerns over winter fuel allowance plans The chancellor Rachel Reeves told a meeting of the Parliamentary Labour Party on Monday evening that she is “not immune” to concerns over plans to dramatically scale back the winter fuel allowance. She said: “I understand the decision that this…