Gold – 31.05.2024 – Orbex Forex Trading Blog

We did not see a continuation of the upward impulsive movement, as was expected. From the beginning of the week’s trading, the price began to slide down, likely forming an internal correction in Wave 3. In the near future, the pair will likely continue its aimless wandering, forming a corrective structure, after which the impulsive……

One such tool that has gained significant attention is the QQE Quantitative Qualitative Estimation MT4 Indicator. Traders, especially beginners, often find it challenging to identify clear market signals amidst the noise of price fluctuations. This can lead to missed opportunities and poor trade decisions. Fortunately, the QQE indicator offers a solution, providing traders with a…

This week our currency strategists focused on the U.S. ISM Manufacturing PMI data and the Bank of Canada (BOC) Monetary Policy Statement for potential high-quality setups. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management…

European stock markets climbed on Wednesday, largely driven by a massive rally in luxury brands after French giant LVMH delivered surprisingly positive sales results, calming fears about the health of major companies amidst global trade and growth concerns. Luxury group LVMH saw its shares soar over 12%, heading for their best daily performance in almost…