Event to watch out for today: 15:30 GMT+3. USD – Producer Price Index USDJPY: The Japanese yen (JPY) continues to lose ground against the US dollar (USD) on Tuesday. Safe-haven currency flows may limit the yen’s decline, which could be linked to rising geopolitical tensions in the Middle East. A special session of the Japanese…
UK payrolled employment rose 24k or 0.1% mom in July. Median monthly pay increased by 5.6% up sharply from June’s 3.8% yoy, but below May’s 6.0% yoy. Claimant count jumped 135k versus expectation of 14.5k. In the three months to June, unemployment fell from 4.4% to 4.2%, versus expectation of a rise to 4.5%. Average…
Crude oil has been on a tear these days, but can it sustain its climb past this major resistance zone? And if so, just how high can it go? Check out this long-term chart pattern on my radar! WTI Crude Oil (USOIL) Daily Chart by TradingView Crude oil has formed lower highs and higher lows…
On Monday, August 12th, the USD/JPY pair briefly surged above the 148 level before experiencing a pullback. Recent data from the Commodity Futures Trading Commission and the London Stock Exchange Group revealed that leveraged funds have reduced their short positions on the yen to the lowest net short level since February 2023. Market Reactions Following…
The GBP/USD pair has recently broken above the falling trend line on the 4-hour chart, indicating that the downward movement from 1.3044 may have completed at 1.2664. This development suggests a potential rally in the coming days. Key Levels to Watch Resistance Levels: The next target for the pair is the resistance level at 1.2839. If…
The EUR/USD pair is currently encountering a significant resistance level at 1.0945. Understanding how this level plays out could be crucial for traders looking to capitalize on potential price movements. Current Market Outlook Resistance Level: The immediate resistance is at 1.0945. A breakout above this level would indicate that the uptrend from 1.0777 has resumed….
Market price action was mixed at the start of the week, as some traders stood on the sidelines ahead of this week’s data releases while others priced in the increased tensions in the Middle East. Which of your closely watched assets saw increased volatility and directional price action? We’re breaking them down today: Headlines: RBA…
Prior was +4 Business confidence +1 vs +4 prior This article was written by Adam Button at www.forexlive.com. Source link
The Quantum Alert MT4 Indicator is a technical analysis tool designed to generate buy and sell signals directly on your MT4 charts. By analyzing price movements and other market data, the indicator aims to identify potential trading opportunities and alert traders of potential entry and exit points. While the specific workings of the indicator might…
The Follow Trend and Kolier SuperTrend forex trading strategy has garnered attention among traders for its effectiveness in navigating the complexities of the forex market. At its core, this strategy revolves around utilizing the Kolier SuperTrend indicator to identify and capitalize on prevailing market trends. Unlike static indicators, the SuperTrend adapts to market conditions in…