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Dollar Index: Bulls May Take a Breather After Cracking Key Barriers – Action Forex
The Dollar index keeps firm tone and riding on the fresh wave of risk aversion, to crack psychological 100 barrier (also former top of Aug 1) and nearby falling 200DMA (100.15) on Wednesday. The recent more hawkish than expected remarks from Fed chief Powell faded high expectations for another rate cot in December and boosted…
Silver Prices Stabilise Near Record Highs
As the XAG/USD chart shows, the price of silver per ounce is consolidating near its all-time high, which lies above $85. Bullish sentiment dominates the market, as concerns over the independence of the US Federal Reserve, heightened geopolitical tensions, and other factors have fuelled demand for safe-haven metals. According to media reports: → Official authorities…
Two Pole Super Smooth MT4 Indicator – ForexMT4Indicators.com
The Two Pole Super Smooth MT4 Indicator is designed to reduce chart noise and provide smoother price movements. Unlike traditional moving averages, which can be slow and choppy, this indicator applies a smoothing technique that highlights overall direction while minimizing false signals. Traders often use it to stay aligned with the trend, as it offers…
USD/JPY strengthens to near 149.50 as US PCE data reinforces Fed dovish bets
USD/JPY edges lower to near 149.50 in Monday’s early Asian session. US core PCE inflation steadied at 2.9% YoY in August as expected. Expectations that the BoJ might delay rate hikes could undermine the Japanese Yen. The USD/JPY pair loses ground to around 149.50 during the early Asian session on Monday. The US Dollar (USD)…
Chart Art: EUR/CAD Is Hitting Resistance Near the Top of a Channel Pattern
EUR/CAD is struggling to break through its moving average resistance. Could this keep the pair stuck in its downtrend before it runs into the top of the pattern? Let’s check out the daily time frame: EUR/CAD Daily Forex Chart by TradingView The euro has seen mixed price action so far this week, acting as a…
Forex overview. USDJPY: the pair has the potential to continue its ascent after completing a correction – ForexNews.PRO
The decrease in Japan’s machine tool orders could drive growth in the USDJPY rate to 152.50. More details in our analysis for 10 December 2024. USDJPY forecast: key trading points Japan’s machine tool orders for November: previously at 9.4%, currently at 3.0% US Q3 nonfarm productivity level: previously at 2.2%, projected at 2.3% US Q3…
