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NZDUSD exits 17-months range to find buyers from the dip – Forex Market Analysis – ForexCycle.com
BySilas WHello traders. Welcome to a new trade setup blog post. In today’s post, we will discuss the long-term path for NZDUSD currency pair and how we recommended buying dips on this pair to Elliottwave-Forecast members. From a long-term perspective, NZDUSD completed a Cycle Degree wave I in early February 2023. Following wave I, a wave…
Yen Nears End of Corrective Phase
BySilas WBy RoboForex Analytical Department Market sentiment remains highly sensitive to rhetoric from the Federal Reserve and statements from the White House. This is particularly true given the protracted government shutdown and the resurgence of trade disputes with several Asian partners. While heightened geopolitical tensions in the region are bolstering demand for the yen as a…
COT Soft Commodities Charts: Speculator Bets led higher by Corn & Soybeans
BySilas WBy InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday October 8th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets….
Economic calendar in Asia Tuesday, December 31, 2024 – China official December PMIs due | Forexlive
BySilas WThe official PMIs from China’s National Bureau of Statistics (NBS) will be published today. I’ve referred to ‘green shoots’ beginning, tentatively, to show for the Chinese economy. PMIs have been key to this. In H2 of 2024 manufacturing has improved, slowly, while services have held in expansion. Manufacturing PMI: July 2024: 49.4, indicating contraction in…
Trading Tip: Treat Your Trading as a Business: Keep a Ledger.
BySilas WTrading Tip: Treat Your Trading as a Business: Keep a Ledger. Those who have followed me know how I feel about treating trading as a business and not a casino. If you treat it like a casino you will wind up like most of those who visit Las Vegas. If you treat it like…
Weekly Market Outlook (05-09 August) | Forexlive
BySilas WUPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS. Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment Rate and Retail Sales, Eurozone Retail Sales, Canada Services PMI. Wednesday: New Zealand Labour Market report, BoC Minutes. Thursday: BoJ Summary of Opinions, US Jobless Claims. Friday: China CPI, Canada…