By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in the previous session as traders contend with the unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve. The yen was 0.89% weaker…
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Like other “risk” assets, the New Zealand dollar lost pips to its safe haven counterparts as optimism over lower interest rates turned into concerns that a high interest rate environment has led to recessionary conditions in the U.S. and other major economies. The Swiss franc, in particular, found extra support from an anti-USD sentiment…
Nikkei 225 index daily chart After one of its worst days in history, the Nikkei is now on course for the polar opposite. But even with the over 10% gains today, it is still down 11% thus far in August trading. That puts the rebound we’re seeing into perspective and how sentiment is still very…
The Japanese Yen pulls back from six-month highs due to slowing unwinding of carry trades. The downside of the JPY could be limited due to increasing odds of further rate hikes by the BoJ. The US Dollar faces challenges from rising expectations of a 50-basis point rate cut by the Fed in September. The Japanese…
The EUR/USD pair has shown price action recently, suggesting a possible shift in short-term trends. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action Support found above 1.0890 Resistance encountered below 1.1010 This pattern indicates that after a short-term decline, EUR/USD may be poised for an upward movement….
My friend messaged me, “Exciting Monday for Traders.” Today, the Nikkei 225 plunged as much as 12.5%, and the Nasdaq dropped as much as 5%. Source link
The Australian Dollar advances ahead of Tuesday’s RBA policy decision. The RBA is expected to maintain the Official Cash Rate at 4.35% for the sixth consecutive meeting. The US Dollar declines as recent downbeat labor data fuels odds of a Fed rate cut in September. The Australian Dollar (AUD) recovers its recent losses ahead of the…
The Alaskan Pip Assassin Mod MT4 Indicator is a custom technical analysis tool designed for the MetaTrader 4 (MT4) trading platform. While its exact origins remain shrouded in a bit of mystery (much like its namesake, perhaps?), the indicator appears to be a modification of the Off-Trend Indicator. This underlying concept forms the foundation upon…
The Trend Magic and Trigger Line Forex Trading Strategy stands as a cornerstone for traders seeking clarity and precision in the dynamic world of forex. This strategy harnesses the power of two essential tools: the Trend Magic indicator and the Trigger Line. The Trend Magic indicator is not just another moving average; it adjusts its…