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The British pound continues to have a quiet week in which it has stayed close to the 1.27 line. GBP/USD is trading at 1.2715, up 0.13% at the time of writing in the European session. UK retail sales tumbles 2.3% UK retail spending slumped in April with a 2.3% m/m decline. This followed a revised…
By JustMarkets The US stock indices closed lower on Thursday. At the end of the day, the Dow Jones Index (US30) was down 1.53% (the worst day in a year), while the S&P 500 Index (US500) lost 0.74%. The NASDAQ Technology Index (US100) closed negative 0.39%. Stock indices initially increased, with the S&P 500 (US500) and NASDAQ (US100) setting new record highs. But then the market…
2024.05.24 2024.05.24 XAUUSD: Elliott wave analysis and forecast for 24.05.24 – 31.05.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00. Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83…
Tokyo CPI & US PCE in focus USDJPY 2% away from multi-decade top Prices bullish but RSI near overbought Bloomberg FX model – 77% USDJPY – (155.21 – 158.45) Despite the holiday-shortened week ahead for the UK and US, markets could remain volatile due to top-tier data across the globe: Monday, 27th May UK and…
Trouble-hit aerospace company Boeing (BA) saw its share price drop dramatically on Thursday following more bad news. The company has been affected by safety concerns and slow deliveries this year, leading to CFO Brian West confirming that its Q2 results are likely to be poorer than anticipated. He said that BA had to burn its…
Europe’s top car manufacturers reportedly have little time to devise operational strategies to address ever-increasing competition from their Chinese counterparts. During the Reuters Events Automotive in Munich, industry leaders indicated that they needed more time instead of steeper import tariffs to maintain their edge in the global market. Trade regulators in Brussels stated that, based…
TradeTitan V2 Is Here! – An Essential Upgrade! What is TradeTitan V2 About? TradeTitan V2 is the latest iteration of the highly acclaimed TradeTitan EA, designed to enhance and maximize your account performance. This upgrade integrates user feedback and introduces several new features to provide a more robust and profitable trading experience. Existing license holders…
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Advanced Applications Having explored the core functionalities, let’s delve into the power Mini Charts MT5 Indicator unlocks for your trading endeavors. Monitoring Price Action Across Multiple Symbols Imagine effortlessly tracking the price movements of your favorite indices, forex pairs, or commodities – all within a single window. Mini Charts shine in this regard, allowing you…