Prior +1.8%; revised to +2.0% At the same time, we also have German trade balance data for November out as per below: Trade balance €13.1 billion vs €16.5 billion expected Prior €16.9 billion That’s a solid beat for German industrial output, largely owing to a positive development to growth in the automotive industry (+7.8%). Increases…
Volume indicators track how much trading activity happens during a specific time period. They show up as bars or lines on a chart, giving traders a visual representation of market participation. When volume is high, it means lots of traders are buying or selling, which usually confirms that a price move is legit. Low volume,…
AUD/USD outlook remains deteriorated as China’s data disappoints, along with the declining Australian trade surplus. Friday’s US NFP data is expected to reveal positive figures, keeping the dollar buoyed. Technically, the price remains prone to more losses under the 20-period MA The AUD/USD price remains under pressure near the 0.6690 level, struggling to regain its…
You close a profitable position and your chest tightens instead of relaxing—then you wonder whether greed or fear just steered the decision. That familiar churn is at the heart of trader psychology, where split-second choices collide with deep-seated habits and emotional bias. Losses feel personal, wins feel fragile, and consistent rules get discarded when stakes…
The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data. Japanese Yen Price Today The table below shows the percentage change of…
Welcome to the first NFP Friday of the year! If you’re hunting for more USD-related setups, you may want to keep USD/JPY on your radar as it has been grinding higher this week and is now closing in on a major resistance area. Does USD/JPY run into trouble here, or are we looking at an…
Asia FX flat as dollar rises before payrolls test; yuan firm after strong CPI Source link
China’s consumer prices accelerated to their fastest pace in nearly three years in December while producer prices remained mired in deflation for a 40th consecutive month, reinforcing expectations for additional policy support. Headline CPI rose 0.8% year-on-year versus the previous 0.7% gain as expected while the PPI slipped 1.9% year-on-year, better than the expected 2.0%…
EUR/CHF made a couple of failed attempts to break below the .9280 area and is now completing a double bottom pattern. Can it break above the neckline next? Or will it see another dip back to the lows? Better keep your eyes on this resistance zone currently being tested! EUR/CHF 4-hour Forex Chart by TradingView…
The FVG MT5 Indicator scans price charts and highlights areas where the market made a quick jump, leaving a gap behind. These gaps happen when buyers or sellers get so aggressive that they push the price up or down without much trading in between. Think of it like a crowd rushing…