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JP225: Rising Triangle – Action Forex
JP225, Daily In the Daily timeframe, JP225 has formed an ascending triangle pattern, and the price is testing the upper boundary. Parabolic SAR indicates the beginning of the upside, which makes it possible to expect a rise. It is possible to consider buying JP225 on consolidation above 40000 and the nearest fractal with a target…
HFM Boosts Learning Opportunities with Interactive Seminars and Webinars
HFM, a global online trading company and brand name of HF Markets Group along with HF Markets, continues to support traders worldwide by expanding its educational offerings. Through in-person seminars in key cities and online webinar series, HFM aims to deliver the latest trading knowledge and market strategies to both emerging and established markets. “We…
US Dollar Index (DXY) Extends Gains, BoE Governor Bailey Remarks Weighs on GBP/USD – MarketPulse
The US Dollar Index (DXY) has seen a strong rally this week, fueled by expectations of a 25 bps Fed rate cut in November and safe-haven flows amid rising Middle East tensions. Meanwhile, the GBP/USD pair experienced a sharp selloff following comments by BoE Governor Bailey. The NFP report and US unemployment rate will be…
ECB’s Nagel urges caution on rate cuts – Action Forex
In a speech today, ECB Governing Council member Joachim Nagel stressed the importance of caution in making further interest rate cuts, citing ongoing economic uncertainty and persistent inflation pressures. Nagel remarked, “I don’t see us on a mountain top from which we will inevitably come down. Rather, I see us on a ridge where we…
GBP/USD Forecast. The pound breaks the support – 17-10-2024 – ForexNews.PRO
The GBPUSD price confirmed breaking 1.3000$ level after ending yesterday below it, reinforcing the expectation of continuing the domination of the correctional bearish trend, waiting to visit 1.28664 that represents 50% Fibonacci correction level for the rise from 1.2300$ to 1.3434$ The EMA50 presses negatively on the price to support the expectations to decline, taking…
