Missed the upside break on EUR/GBP’s daily trend line? I’m seeing an ongoing pullback to this potential support zone, which lines up with the Fibonacci retracement levels. Are euro bulls about to charge soon? EUR/GBP Daily Forex Chart by TradingView As you can see on the pair’s daily time frame above, price has formed lower…
The Australian Dollar advances further due to hawkish sentiment surrounding the RBA. RBA Governor Michele Bullock does not anticipate rate cuts in the near term. The US Dollar depreciates as traders fully price in a quarter basis point rate cut by the Fed in September. The Australian Dollar (AUD) extends its gains for the second…
The SuperTrend Plus Indicator is a custom tool available for the widely popular MetaTrader 4 (MT4) platform. It belongs to the category of trend-following indicators, aiming to visually represent the prevailing trend direction and potentially generate buy and sell signals. Here’s a quick breakdown of its key features: Intuitive Visualization: The indicator displays a clear line…
The Buy Sell and Lucky Reversal strategy in forex trading combines technical analysis with intuition, aiming to predict market reversals effectively. This approach diverges from purely algorithmic methods by incorporating traders’ gut feelings alongside traditional indicators like moving averages and RSI (Relative Strength Index). It’s a strategy that seeks to balance analytical rigor with the…
As global populations soar, the cattle nutrition m The post Global Cattle Nutrition Market Share Projected to Reach an Unprecedented USD 27 Billion Milestone by 2034, Driven by an Average 5.9% CAGR | Future Market Insights, Inc. appeared first on ForexTV. Source link
A group of British MPs have called on the Azerbaijan government to free an academic from the London School of Economics and Political Science who was detained after writing articles critical of the country’s environmental policies. Dr Gubad Ibadoghlu, who is based in the UK, was arrested and held by Azerbaijan authorities while visiting members…
MARKET REPORT(Unburdened by what has been) Buers Van BerlageDay in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– US Retail Sales STRONG. Act +1.0% Exp +0.3% Prev-0.8%– bets for a 25bp Sept surged vs 50bp last week– Ex Autos +0.4% Exp +0.1%– YoY +2.7% PREV +2% For…
The volatility in proprietary trading has claimed another victim. Funds For Traders has written to its users that it will be ceasing operations. The company blamed the suspension of services on Eightcap’s decision to stop supporting MetaTrader 4 and MetaTrader 5 platforms for prop trading. Suspension of MT4 and MT5 Platforms “We regret to inform…
The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy bounces back in second quarter Japan’s economy jumped 3.1% y/y in the second quarter, an impressive turnaround from the revised 2.3% decline in the first quarter and above the market…
USD/JPY daily USD/JPY soared after stronger US retail sales but stalled right at a key level. It rose to 149.32, just two pips shy of the 38.2% retracement of the swan dive from 161.80 to 141.67. It’s stalled there and backed off to 148.96. The Fibonnaci level is a classic barrier in a bounce from…