Gold – 06.06.2024 – Orbex Forex Trading Blog

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Investing.com – Volatility in the US dollar following contradictory signals around the Trump administration’s plans for tariffs suggest that, at least in some ways, Trump’s second term will probably resemble the first, according to Capital Economics. Tuesday’s sharp selloff in the US dollar followed reports that the many executive orders the new president would go…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied…

European Central Bank (ECB) policymaker Martins Kazaks said on Thursday that “current interest rate level is very appropriate.” Additional quotes Rates can stay where they are if no further shocks. Uncertainty remains very high. Must retain full freedom of action. Market reaction At the press time, EUR/USD is up 0.20% on the day at 1.1754. Euro Price Today…

Analysing the EUR/USD chart five days ago, we:→ constructed a downward channel, noting signs that the bears remained in control;→ outlined a scenario in which the rate would decline to a new yearly low (and test the lower boundary of the channel). Yesterday’s price action confirmed these assumptions – the low at H is below…