South African rand to benefit most from weaker dollar: BofA

Investing.com – The US dollar rose Friday, heading towards its best week in a month, as traders scaled back expectations for aggressive US policy easing next year, while weak growth data weighed on sterling. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%…

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Anotherimportant input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of…

The S&P 500 took a breather after making fresh record highs earlier this month. But the U.S. stock index is now trading near a support zone, which could allow the bulls to jump in a broader trend. What do you think of the asset’s daily chart? S&P 500 Index (SP500) Daily Chart by TradingView The…

This is a slope indicator for COG (Center of Gravity) indicator.   https://www.mql5.com/en/market/product/59974 Here’s what the slope will look like: You can set the Slope Threshold for indicating Buy/Sell heightened levels. In the above Image the Threshold is set to 0, because of that all Bullish slope is Green and Bearish is Red. Suppose we set…

As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) is displaying positive momentum today. A strong catalyst for growth arrived with the release of Nvidia’s quarterly report, which exceeded Wall Street’s optimistic expectations. Nvidia reported quarterly revenue of $57bn (vs. the expected $54.9bn), and earnings per share of $1.30 (forecast:…

BREAK ZONE SCALPER EA Source link