This strategy utilizes a modified moving average indicator known as Half Trend, which plots a line that changes color based on the prevailing market direction. Traders interpret these color changes as signals to buy or sell, aligning their trades with the momentum of the market. This approach not only helps traders avoid false signals during…
For any aspiring Forex trader, navigating the intricacies of the market can feel like deciphering a foreign language. Price movements are measured in pips, the smallest increment a currency pair can fluctuate. But what happens when standard pip measurement just isn’t precise enough? Enter the Pipsometer 5 Decimal MT5 Indicator, a powerful tool designed to…
The EUR/JPY market has entered a period of heightened volatility, with downward forces currently dominating. The market had been bearish with moderate volatility in previous sessions, but this volatility has intensified since the market tested the support near the 151.00 mark. Key Price Levels:Resistance Levels: 155.00, 160.00, and 165.00Support Levels: 150.00, 145.00, and 140.00 EUR/JPY…
The EUR/USD pair has recently broken above the resistance level at 1.0945 and is now approaching the next key resistance at 1.1008. This upward movement signals a potential continuation of the bullish trend that began from the low of 1.0665. Key Levels to Watch Resistance Levels: Current Resistance: 1.1008 Next Target: If the price breaks…
2024.08.13 2024.08.14 Economic calendar for the week 19.08.2024 – 25.08.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants continue to digest the latest US inflation data released last week. Meanwhile, more and more US central bank officials advocate for an interest rate cut at the upcoming Fed meeting scheduled for September 17-18. However, if the US macro data remains…
Britain’s poorest households saw the bill for their weekly shop rise by far more than that of the rich during the height of the cost of living crisis as the sharpest price increases fell on cheaper brands, research reveals. The study by the Institute for Fiscal Studies (IFS) found the least well-off had been hardest…
MARKET REPORT(Unburdened by what has been) Telephone room NYSE Day in Review: Today:(Kamalanomics): DATA:– PPI +0.1% VS Exp +0.2%, +2.2% YoY– This easing in price pressures supports the Fed’s potential rate cuts while it shifts focus to the slowing labor market– The data raised hopes of softer consumer prices reflected by the CPI print due tomorrow…
Ellington Credit Company (ECC) CEO Larry Penn outlined the company’s strategic shift towards collateralized loan obligations (CLOs) during the 2024 second-quarter earnings call. The company, which is transitioning into a CLO-focused closed-end fund, reported a net loss of $0.04 per share for the quarter. Despite the loss, the growth in the CLO portfolio, now at…
Eightcap has promoted its Sales and Client Success Manager for Europe, Rositsa Radovanova, as General Manager for Europe, according to her announcement on Linkedin today (Tuesday). Previously Sales and Client Success Manager Radovanova joined the Melbourne-based brokerage firm in 2021 and served as the Sales and Client Success Manager for Europe for more than three…
MOSCOW (Reuters) -The Russian rouble weakened to a 10-month low against the dollar during the trading session on Tuesday following Ukraine’s unexpected attack a week ago on Russia’s Kursk region but then rebounded to the day’s opening level. By 1500 GMT, the rouble was flat at 90.99 to the dollar, according to LSEG data, after…