Dow Jones 02.08.2024 – Orbex Forex Trading Blog

As today’s GBP/USD chart shows, the pound sterling fell by nearly 1% against the US dollar in just one hour, forming an exceptionally long bearish candle. The sharp drop was driven by concerns over public finances and a broad sell-off in the bond market. According to Reuters, the yield on UK 30-year government bonds hit…

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $47.43 per troy ounce, up 0.94% from the $46.99 it cost on Thursday. Silver prices have increased by 64.16% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 47.43 1 Gram 1.52 The Gold/Silver ratio, which…

The AO Divergence and ZeroLag MACD Forex Trading Strategy is a powerful combination that can significantly improve the accuracy and effectiveness of a trader’s decision-making process. In the fast-paced world of Forex trading, being able to identify potential market reversals and momentum shifts is crucial. The AO Divergence indicator highlights discrepancies between price action and…

By InvestMacro  The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on April 29th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…

The financial world often feels like a puzzle, with prices moving up and down for reasons that sometimes seem unclear. At its core, the market runs on buying and selling, and technical analysis helps us understand these actions by looking at price and volume data. But beneath all the charts and numbers lies a powerful…