Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize? Most Read: Demand Concerns vs. Geopolitical…
Middle East: US Seeks to Deter Future Attacks Home Forex Middle East: US Seeks to Deter Future Attacks 50.28.41.31 Source link
“The key is not to set time targets, trade small, try not to risk more than 1%.” Mohamed A. is 60 years old from Sweden. Mohamed is one of The5er’s $100K High-Stakes funded traders. He withdrew $4,300 overall. His next mission is to reach 10% to scale his High-Stakes account to $125K. We spoke with…
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies failed to find sufficient demand. The negative performance of cryptocurrencies could herald another round of outflows…
The market anticipates a federal reserve rate cut amid economic uncertainty. This sentiment has been fueled by comments from Bank of America CEO Brian Moynihan, who has publicly urged the central bank to take action. However, Federal Reserve board member Michelle Bowman has advocated for maintaining the current policy stance, highlighting the need for caution….
Introduction : AdaptX EA, A Comprehensive Review In the ever-evolving world of Forex trading, finding a reliable and profitable Expert Advisor (EA) can be a daunting task. Among the plethora of options available, AdaptX EA emerges as a unique contender, boasting high profitability, adaptability to market conditions, and compatibility with any broker. But does it…
Intraday Analysis 15.08.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
Yesterday’s data showed that U.S. inflation for July dropped to 2.9%. Given that the Federal Reserve will consider inflation and labour market figures when deciding on rates at the September meeting, the steady decline in the core Consumer Price Index (CPI) was expected to put downward pressure on the USD. However, the market’s reaction to…
The USDJPY price fluctuates near the key resistance 147.75, and we still waiting to breach this level to get positive motive that push the price to achieve our positive targets that start at 148.53 and extend to 151.10 after breaching the previous level. Holding above 146.75 represents the first condition to the continuation of the…
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