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US Dollar Speculator bets continue to shine vs major currencies
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday January 28th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets….
Bank of England Review – Dovish Hold – Action Forex
The Bank of England kept the Bank Rate at 4.00%. The vote split was 5-4 in favour of hold, more dovish than expected. The potential of further easing hinges a lot on the continuance of the recent promising disinflation. The market reacted by trading Gilt yields a bit lower and EUR/GBP higher, although the latter…
NU) Completes Elliott Wave (II) Correction – Forex Market Analysis – ForexCycle.com
Wave (II) correction ends as NU begins a new impulsive cycle with strong upside potential supported by Elliott Wave analysis. Nu Holdings Ltd. (NYSE: NU) continues to gain bullish traction as the stock completes a significant corrective phase. The weekly Elliott Wave structure suggests that wave (II) has ended, and a new impulsive wave higher…
USD/JPY 02.08.2024 – Orbex Forex Trading Blog
USD/JPY 02.08.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
British pound calm, BoE wage growth expectations fall – MarketPulse
The British pound is slightly lower on Thursday. GBP/USD is trading at 1.2771 in the European session at the time of writing, down 0.12% on the day. BoE: Businesses expect lower wage growth The Bank of England released a survey today which showed wage growth expectations for the coming year have fallen sharply. In May,…
Advantages and Disadvantages of Simple Moving Average
Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that…
