The People’s Bank of China (PBOC), China’s central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Friday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. Market reaction to the PBoC interest rate decision At the time of writing, the AUD/USD is trading 0.08% lower on the day to trade at 0.7081. PBOC FAQs The primary…
The MT5 correlation indicator solves this by revealing the statistical relationship between currency pairs in real-time. Instead of guessing whether EUR/USD and GBP/USD will move in tandem, traders get quantifiable data showing exactly how strongly these pairs correlate over specific periods. What Is the MT5 Correlation Indicator? The correlation indicator measures the strength and direction…
4,500 USD is the shift-stop of Gold downtown. Now how could it be next? Note: Please get yourself updated with the current status of this war as it will update per seconds, any volatility from the next morning is getting the charts among the highest levels. Stay in the highest cautious. Data: [🟦…
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
Muslim leaders have condemned Nigel Farage’s call to ban public prayer by Muslims in the UK as bigoted and warned of a “growing tide of hate” after the Conservative leader, Kemi Badenoch, questioned whether the events fitted “within the norms of British culture”. Farage was speaking at the launch of Reform UK’s manifesto for the…
The US Dollar rallied consequently since the beginning of the US-Iran conflict, supported by the rise in Oil prices Now reaching the top of its long-term range, a major reversal could be coming Post-FOMC Dollar Index technical analysis The World’s reserve currency has proved once again why, when it all blows up, it all comes…
DaneTrades Liquid Reflex User Guide DaneTrades Liquid Reflex is a mean-reversion Expert Advisor designed mainly for EURGBP on the M15 timeframe. It looks for reversal-style opportunities and can manage trades as a basket with controlled recovery entries and a weighted basket exit. The EA is built with EURGBP M15 in mind, but it can also…
On Wednesday, the US stock indices closed in the red. By the end of the day, the Dow Jones Index (US30) fell by 1.63%. The S&P 500 Index (US500) declined by 1.36%. The Technology Index NASDAQ (US100) closed lower by 1.46%. The FOMC’s decision to keep interest rates in the 3.5-3.75% range was accompanied by…
Answer to Gold Chart Source link
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…