The CME Group (CME) has indicated that, based on three wide-ranging gauges, farmer sentiment improved despite the current economic climate. According to this leading derivatives marketplace, the Purdue University/CME Group Ag Economy Barometer Index increased by eight points, the Index of Current Conditions by 10 points, and the Index of Future Expectations by seven points….
2024.08.07 2024.08.07 RBA Saves Aussie from Nosediving. Forecast as of 07.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets managed to recover from severe turbulence. Yesterday’s winners have become losers and vice versa. Notably, the RBA’s intention to maintain the rate at 4.35% for at least six months supported the AUDUSD pair’s upward movement. Let’s discuss this topic and make…
Fundamental Overview The weak US NFP report last Friday triggered risk-off flows. Things got dire on Monday as the Japanese Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by 136 bps by year-end and some chances of an emergency…
GBP/JPY holds gains following unexpected dovish comments from BoJ Deputy Governor Shinichi Uchida. BoJ’s Uchida emphasized to maintain its current level of monetary easing for the time being. The Japanese Yen may appreciate due to increased risk aversion amid heightened Middle East tensions. GBP/JPY halts its losing streak that began on July 30, trading around…
Introduction to XAU Scalper EA The XAU Scalper EA is an advanced and easy-to-use trading robot designed for the MT4 platform, specifically targeting XAUUSD (Gold) and other currency pairs. With a recommended trading timeframe of M5, this tool aims to provide a seamless trading experience by operating on full autopilot. Whether you are a beginner…
Event to watch out for today: 17:30 GMT+3. USD – Crude Oil Inventories data from the Department of Energy EURUSD: EUR/USD is trading on a weaker note near 1.0915 after pulling back from seven-month highs near 1.1008 during Asian trading on Wednesday. The strengthening of the US dollar (USD) is largely contributing to the major…
How to Choose a Trading Signal: A Forex Trader’s Guide Trading signals can be a valuable tool for Forex traders, providing insights and recommendations on potential trading opportunities. However, with countless providers offering a variety of services, selecting the right one can be overwhelming. This article will guide you through the essential factors…
Here are few steps to optimize a strategy after successful coding MT5 Strategy Tester in visualization mode has a drawback of not going backwards on the chart but it can pause and go step by step forward only. To overcome this problem, an analyst may have to use another approach to successful test strategy in…
The sight of scurrying looters and widespread rioting across multiple English cities may be an unusual one. But the disorder has a 21st-century precedent in another overheated August. The television images will take many back to the 2011 riots, which engulfed London before spreading to other cities and were considered the worst week of public…
Are gold bulls struggling to sustain the precious metal’s climb these days? Here’s a classic reversal pattern I’m watching on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TradingView Gold made a couple of failed attempts to bust through its July highs around the $2,475 area, falling back to the area of interest near…