EUR/USD stays on the back foot near 1.0730 as the European Union’s political uncertainty weakens the Euro’s appeal. The ECB refuses to commit to a specific interest-rate trajectory. The US Dollar’s appeal remains firm ahead of the Fed’s decision and the US CPI report. EUR/USD shows weakness near the immediate support of 1.0730 in Tuesday’s…
EURUSD Gaps Lower: How to Trade in a Geopolitical Market I can’t remember the last time European politics was a market factor but as this chart shows, the gap opening down in the EURUSD suggests this is currently the case. Whether it is an expected gains by the far right in EU election results…
EURUSD Daily Outlook for coming week & Important Data In the coming week some very important data is awaiting us – Check it out on Economic Data Calendar. Especially pay attention to Wednesday US Data : Inflation Rate Core Inflation CPI And most IMPORTANT one – FOMC Interest Rates Decision ! EURUSD finished last…
EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders…
Fundamental Overview The USD yesterday came under renewed pressure following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues to reinforce the narrative that the next move is more…
During this morning’s Asian trading session, EURUSD moved in the 1.08700-1.08900 range. Yesterday, we saw another test of the weekly open price by GBPUSD. EURUSD chart analysis During this morning’s Asian trading session, EURUSD moved in the 1.08700-1.08900 range. In the EU session, we continue in the same direction without major movements. We are waiting…
Prop Master EA – trading results for 2 years Source link
Customers ask me: “Why does the trailing stop function turn on so early? After the order is closed by trailing stop, the price starts moving in the same direction again and reaches the level where TakeProfit was.” To answer this question, I decided to conduct an experiment. To do this, I placed the parameter on/off…
Today I will show you some trades made by the Prop Master Expert Advisor. 1. EURUSD on May 14, 2024. The maximum price value of the previous day was broken and the market reached TakeProfit very quickly. 2. EURUSD May 17, 2024. The trade closed at trailing-stop. In this case, it seems that the…
EUR/USD: The Battle of Europe and US PMIs ● Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report…