AUD/USD is consolidating gains from the 0.6825 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6275. Important Takeaways for AUD USD and NZD USD Analysis Today · The Aussie Dollar rallied above the 0.6735 and 0.6750 resistance levels against the US Dollar. · There is a key bullish trend line…
IcePoint Trader EA: An In-Depth Review of a Forex Trading Tool Forex trading continues to attract both novice and experienced traders due to its potential for high returns and the ability to trade around the clock. The rise of automated trading systems, known as Expert Advisors (EAs), has further simplified the trading process. One such…
Citi strategists on Thursday reiterated their view that the U.S. election is “US dollar positive,” while acknowledging other factors that could make an impact in the coming months, such as Federal Reserve policy, recession risks, and global economic conditions. According to Citi, trade and tariff policies are expected to be the primary drivers of a…
Lecture by Isabel Schnabel, Member of the Executive Board of the ECB, at the Ragnar Nurkse Lecture Series organised by Eesti Pank in Tallinn, Estonia Tallinn, 30 August 2024 Disinflation in the euro area has proceeded rapidly. Headline inflation fell from a peak of 10.6% in October 2022 to 2.6% in July of this year….
In the world of trading, understanding price volatility is crucial for making confident market moves. One powerful tool to achieve this is the Average True Range (ATR). The ATR is an essential indicator that helps traders navigate the complexities of market volatility. By effectively using the Average True Range, traders can refine their trading strategies,…
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has been weak, which has chilled economic activity. Retail sales for July didn’t provide any relief with a reading of zero,…
The EURUSD price confirmed breaking the bullish channel’s support line to start bearish correction for the rise measured from 1.0777$ to 1.1200$, on its way to test 1.1040$ as a first correctional target, noting that breaking it will push the price towards 1.0990$ followed by 1.0940$ levels as next…
The GBPUSD price continues to decline to approach our first waited target at 1.3124$, which represents 23.6% Fibonacci correction level for the rise from 1.2664$ to 1.3265$, which means that breaking it will extend the bearish wave to reach 1.3036$ areas as next negative stations. Therefore, we will continue…
The USDJPY price tested 145.36 level again and kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, which targets 142.15 areas mainly. The EMA50 forms continuous negative pressure against the price to support the expectations to decline, reminding you that…
The USDCHF price provided clear positive trades yesterday to surpass 0.8455 level, but we notice that the EMA50 forms solid resistance against the price, accompanied by stochastic loss to the positive momentum clearly. Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, waiting to visit 0.8332 as a next main…