Gold – 07.06.2024 – Orbex Forex Trading Blog

External EA Configuration This section explains how AZ Trade Recovery EA works when your initial trade is opened by another EA. In this mode, AZ Trade Recovery EA does not generate entry signals on its own—instead, it takes over risk control and recovery once an external EA opens a trade. This setup is useful when…

by Chad Shoop Chad is a Chartered Market Technician (CMT) who specializes in stock and options trading. For over 12 years, he’s led some of the largest trading research firms on the planet. The way the Federal Reserve handles economic data has a huge impact on how the stock market moves.  This became obvious after…

Event to pay attention to today: 15:30 EET. USD – Retail Sales GBPUSD: On Thursday, the GBP/USD pair rose by more than nine-tenths of a per cent, reaching the 1.2560 area. This was driven by economic data from both the US and the UK that surpassed market expectations. UK gross domestic product (GDP) exceeded average…

(Reuters) -A group of hackers claiming responsibility for a cyberattack on CDK’s software systems has demanded millions of dollars in ransom to put an end to the hack, which affected auto dealers across the United States, Bloomberg News reported on Friday. The group behind the attack is believed to be based in eastern Europe, according…

EUR/USD extended its rally from 1.1026 to a recent high of 1.1154. However, the subsequent pullback from 1.1154 suggests that the upward move may have completed. What’s Next? Further Decline Expected: In the coming days, another drop is likely, with the next target being the key support level at 1.1026. A break below 1.1026 could…

The Linear Sinus FT Indicator uses a unique combination of linear regression and sinusoidal smoothing to identify trends and potential reversals. By filtering out market noise, it produces smoother signals that are easier to interpret than traditional oscillators. Traders can quickly spot bullish and bearish trends, making it easier to time entries and exits. The…