BofA Securities closes long EUR/USD position

BofA Securities closes long EUR/USD position
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BofA Securities closes long EUR/USD position
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The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her…
Fundamental Overview The bullish momentum has waned this week as traders turned their attention to the US CPI data coming up next week. The soft NFP report triggered a quick dovish repricing in interest rates expectations which fuelled a rally in gold as real yields fell. We’ve also seen more and more Fed members changing…
MetaTrader 5 now supports more than 40 new payment methods customized to different regions. With new methods ranging from popular digital wallets to local banking systems, MetaTrader 5 is targeting global traders with different transaction options across various markets. Expanding Global Payment Options According to an update on its website, MetaTrader 5 features new payment…
The chart for the British FTSE 100 index (UK 100 on FXOpen) illustrates: → Indicated by the red arrow: Yesterday, the index fell below the 8100 level for the first time since early August, driven by bearish sentiment in the U.S. stock market following reports from Microsoft (MSFT) and Meta Platforms (META), as we noted…
Most of the fundamentals surrounding the greenback aren’t delivering significant momentum to price movement in the USDCAD market. The NAHB housing data arrives lower than expected. Other available fundamentals are also not encouraging USD bulls. This gives the pair a generally depressed outlook, even as market participants anticipate the US Pre-Market Open tomorrow. Key Price…
Price Understanding Price Action Trading: A Comprehensive Guide Understanding Price Action Trading is a popular and powerful trading approach that focuses on interpreting price movements without relying heavily on indicators. Instead of being driven by lagging data, price action trading allows traders to make decisions based on real-time market activity. As a result, it has…