Investing.com– Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to provide more cues on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this week after BOJ Governor…
Profit-taking was the name of the game on Thursday as the major assets reversed their intraweek trends ahead of Powell’s keynote speech on Friday. Spot gold and the S&P 500 index continued to trade lower near their record high levels, while U.S. bond yields and the U.S. dollar saw recoveries despite mixed U.S. data releases….
Daily Pivots: (S1) 161.69; (P) 162.36; (R1) 163.24; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 163.86 continues. On the upside, break of 163.86 will resume the rise from 154.40 and target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside,…
At its core, the Volume-Weighted Average Price (VWAP) is a technical indicator that takes both price and volume into account when calculating an average price over a specific timeframe. Unlike traditional moving averages that simply average closing prices, VWAP assigns greater weight to price levels with higher trading volume. This makes VWAP a more dynamic…
The Range and Kolier SuperTrend Forex Trading Strategy integrates two robust methodologies that empower traders to navigate the complexities of the forex market with confidence and precision. At its core, this strategy revolves around understanding price ranges and leveraging the Kolier SuperTrend indicator to identify opportune moments for trading decisions. Price ranges play a pivotal…
MARKET REPORT(Unburdened by what has been) Amsterdam Bourse Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– US Manufacturing PMI Plunges To 8-Mo Lows– Flash US Services Business Activity Index at 55.2 (July: 55.0) – 2-month high– Flash US Manufacturing Output Index at 47.8 (July: 50.5) – 14-month low– Flash US Manufacturing PMI…
After a period of stagnation on August 10th, the D2T/USD market experienced a breakout on both sides, leading to a sideways trading range. Despite increased price fluctuations, demand and supply have remained relatively balanced, resulting in a horizontal consolidation. Several attempts to break out of this range have been met with bearish pressure, as evidenced…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
The GBP/USD has rallied hard the past two weeks, but its upward climb has slowed down just shy of last year’s high of 1.3143. Although the pair has pulled back, the price action suggests very strong bullish sentiment in the GBP/USD pair. However, this optimism may be short-lived, as a less dovish (or even hawkish)…
AUD/USD experienced a drop, adjusting to 0.6950, because of a USD recovery. Strong Australian PMIs might limit the pair’s downside. The persistent hawkish views of the RBA keep backing the Aussie versus its peers. On Thursday, the AUD/USD is seeing a moderate decline, retracing some of the gains after the approximately 2% rally from the…