The world of forex trading thrives on information. Discerning subtle patterns and hidden trends within price fluctuations is the lifeblood of any successful trader. This is where technical indicators come into play, acting as powerful tools to illuminate the market’s inner workings. Among these valuable resources, the Fast Exponential Moving Average (EMA) stands out for…
A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts on Wednesday. Can you guess which catalysts caused some of the biggest moves in the last trading sessions? We’re breaking them down for ya: Headlines: Australia’s annual CPI…
Gold-to-Silver Ratio (AUG) is a ratio of the underlying metals (i.e. Gold and Silver). The ratio is simply calculated by dividing Gold price and Silver price, thus the name Gold to Silver ratio. Since the 1970s, after the gold standard was abandoned, the long-run average gold-to-silver ratio is around 65:1. Over the past 50 years,…
By Tim Hepher MUNICH (Reuters) – Jet engine maker CFM has agreed to divert some engines to Airbus to narrow a supply gap as the planemaker battles to hit end-of-year targets, three people familiar with the matter said. This month’s agreement follows a tug of war for scarce engines or parts between planemakers and repair…
MARKET REPORTAmerica is now unburdened by what has been Monte-CarloYou were found in clear conditions. But you’re handsome in the fog. “Voters seem to forget when politicians ‘give’ you money, it is the voters’ money they have already taken.”Day in Review:Today:DATA:– Both PCE and core PCE prices rose in line with expectations while personal income…
Historically, December has been one of the strongest months for the stock market, with the S&P 500 averaging consistent gains over the past five decades. The “Santa Claus Rally,” a term coined to describe the upward trend in stocks during the last week of December, often gets the spotlight. But what many traders overlook is…
By Alden Bentley NEW YORK (Reuters) -The dollar fell broadly on Wednesday in thin pre-holiday trade, digesting a slew of indicators that underscored U.S. economic resilience while investors assessed the risk that President-elect Donald Trump will start a tariff war no one will win. The decline further unwound the dollar’s recent rally. Few traders were…
Forex trading can be a thrilling yet risky venture. One of the most stressful moments a trader can experience is when they receive a margin call. This usually happens when a trader’s equity falls below the required margin level, which can result in the automatic closure of their open positions, often at a loss. For…
The British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at .1.2669, up 0.81% on the day. There are no UK releases today, but in the US it’s a busy data calendar. US GDP (second estimate) showed a gain of 2.8%, unchanged from the initial estimate. The economy…
Prop Trading: How to Get a Static Drawdown – Forex Forum November 27, 2024 /Posted byGVI Forex / 1393 / …