Gold Jumps to Another Record! – Orbex Forex Trading Blog

Investing.com — The surged to multi-year highs on Friday, hitting a level that an expert said would mark the pricing in of the ‘Trump Trade,’ leaving little room for further upside and creating an opportunity to turn bearish on the greenback. The jumped 0.5% to to 109.67, and had earlier hit 109.91 — its highest level since November 2022. “Start selling…

Jefferies Financial Group and Sumitomo Mitsui Financial Group (SMFG) are significantly expanding their global strategic alliance, unveiling a new joint venture in Japan alongside fresh financing commitments. The two groups, which first partnered in 2021 and extended their collaboration in 2023, will combine their wholesale Japanese equities and equity capital markets operations.  The joint venture,…

Yesterday, the European Central Bank’s Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%. The ECB also stated that monetary policy would remain sufficiently restrictive “for as long as necessary” to ensure inflation returns to its medium-term target of 2%. Financial markets responded with:→ A strengthening of the euro. EUR/USD rose by…

Introduction The ActionWave Robot, is an Expert Advisor (EA) designed for the MetaTrader 5 (MT5) platform. This automated trading tool aims to replicate the trading strategies of institutional investors by identifying and following large market orders. While it offers a unique approach to algorithmic trading, it’s essential to evaluate its features, performance, and potential drawbacks…

This is a poor start to the week as the S&P 500 is down an ugly 3.3% and has seen virtually zero bounces today. If you zoom out to the daily chart, the reciprocal pause bounce is quickly evaporating and we’re about 5% from a retest of the April lows. I would hate to be…