On Monday, August 12th, the USD/JPY pair briefly surged above the 148 level before experiencing a pullback. Recent data from the Commodity Futures Trading Commission and the London Stock Exchange Group revealed that leveraged funds have reduced their short positions on the yen to the lowest net short level since February 2023. Market Reactions Following…
In the world of forex trading, knowing about forex trading volumes is key. These volumes show how active the market is and how easy it is to trade. They help traders understand the mood of the market and make better choices. Volume data is crucial for traders. It shows how much the market is involved…
Hat Tip: LN Source: Exchange Filings of DOMS Industries Ltd Source link
The GBP/USD pair has recently broken above the falling trend line on the 4-hour chart, indicating that the downward movement from 1.3044 may have completed at 1.2664. This development suggests a potential rally in the coming days. Key Levels to Watch Resistance Levels: The next target for the pair is the resistance level at 1.2839. If…
SINGAPORE has narrowed its official full-year growth forecast for 2024 to a range of 2 to 3 per cent, from 1 to 3 per cent previously, the Ministry of Trade and Industry (MTI) said on Tuesday (Aug 13). This comes as gross domestic product growth for the second quarter came in at 2.9 per cent,…
Foreign Institutional Investors (FIIs) exhibited a Bullish Stance in the Bank Nifty Index Futures market by Buying 1237 contracts with a total value of 94 crores. This activity led to a decrease of 2239 contracts in the Net Open Interest. As Discuused in Last Analysis Bank Nifty has formed an DOJI candle on a day…
Good evening. Today I traded on the signals of my indicator. Trading the NZDUSD pair on the M5 timeframe. Great result, today I earned $ 39. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several signals appear…
Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 8429 contracts worth ₹514 crores, resulting in a decrease of 93 contracts in the net open interest. FIIs covered 5081 long contracts and added 2141 short contracts, indicating a preference for covering long positions and adding short positions. With…
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Finance Nifty is struggling to close above its last week’s high of 23,078 and the Gann monthly trend change level of 23,123. Today, we have Mercury Ingress as retrograde Mercury moves into the Leo zodiac sign. Leo, being a fire sign, suggests that a trending move is possible within the next two days. Since Mercury…