The financial markets are trading more on the risk-on side as the year-end is approaching. But reactions in the forex markets are relatively mild. Yen continues to be the worst performer for the week but selloff is somewhat slowing. Euro and Sterling are soft with Dollar. Commodity currencies are the relatively stronger ones but have
Month: December 2022
Gold price defends the previous day’s bullish bias despite recent struggle around daily top. Mixed sentiment, sluggish markets restrict XAU/USD moves but buyers cheer second monthly gain as 2022 bids adieu. Hopes of economic recovery, lower rates could keep Gold buyers on the table even as Covid, geopolitics probe immediate upside. Gold price (XAU/USD) replicates
Between now and the end of the year (and into the start of the New Year), Greg Michalowski of Forexlive.com will be producing some video that take a look back at 2022 and then a look forward into 2023. He will start with more of a look back at the moves in the major currencies
Pele dies at 82 years old Legendary Brazilian soccer player Pele has died at the age of 82. He died in Sao Paolo. Pele was not only a national hero but a global sports sensation. In addition to his immense talent, he also had a personality that appealed to young and old, rich and poor
Welcome to the most comprehensive trading strategies event of the year. 👉To receive the 6 strategies, click the link: https://tradersday.live/end-of-year-marathon/. 👉 Join us for the biggest trading event in UK, 2023: https://tradersday.live/ MARATHON AGENDA: Jordon Mellor: F*ck the Trend – Fade for profits Ruben Abitbol: Heartbeat – Build a Strategy around Volatility Saul Lokier: Goliath
In this video I go over and break down My Forex Strategy that I Believe is Best Forex Strategy for Trading Gold or XAU/USD. I also go into some Practice Live Trades to put this strategy tot he test and it ends up being VERY Profitable. Let me know if you guys try out this
Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything but broken. Some of the most significant partnerships to
Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in China. Brent futures for February fell 96 cents, or 1.15%, to $82.30 a barrel by 1208 GMT. The more active March contract fell 1.2% to $82.98/bbl, after falling
Trading in the forex markets remain mixed and non-committal. Yen’s pull back appeared to have run its course already, and recover broadly today. Euro and Swiss Franc are now on the firmer side. On the other hand, Dollar is weak together with Aussie and Sterling. Canadian and New Zealand Dollar are mixed. Meanwhile, European stock
Japanese Yen among top performers on Thursday despite higher equity prices. US Dollar turns negative as Wall Street soars. USD/JPY is ending a four-day positive streak with a 1% loss. The USD/JPY broke below the 133.45/50 zone after the beginning of the American session and tumbled to 132.90, a two-day low. The pair remains under
GBPUSD test its 200 hour moving average The GBPUSD has seen a push higher toward the 200 are moving average 1.2121 (see green line in the chart above). The price fell below that moving average line back on December 15, and state comfortably below the level since that time. A move above would have traders
It is year-end trading and it isn’t the best of times to scrutinise any market moves amid thinner liquidity conditions. The dollar is slightly softer on the balance of things today, with USD/JPY leading the downside as sellers look to snap a run of four straight days of gains for the pair. In the bigger
Oil prices ticked down on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand in the world’s second-biggest oil consumer. The scale of the latest outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as China began dismantling the world’s
Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro is the stronger European majors while Sterling and Swiss Franc are on the softer side. Dollar is mixed for now
EUR/USD is facing pressure as fresh Covid measures taken by various nations for arrivals from China trigger volatility. Absence of recovery signs from S&P500 futures after a two-day sell-off portraying risk-off mood. The United States will require all travelers from China to show a negative Covid report, effective from next week. The EUR/USD pair has
USDCAD runs higher The USDCAD has spiked higher helped by: Lower oil. Crude oil is trading down $1.69 at $77.86. The high price was at $79.85 today Lower stocks. The major indices are all trading lower on the day with the NASDAQ down -0.80%. That has led to a move out of risk Higher yields.
The US is to require travelers from China to show negative covert tests starting January 5. Japan, India, Malaysia and Taiwan have announced stepped up rules on travelers from China in response to rising cases. Chinese hospitals and funeral homes are under intense pressure as a surging COVID-19 cases and deaths takes its toll on
Trendlines are so subjective! It’s just a line, which can be drawn at so many different angles by each different trader. My suggestion to correct that is this: Use the parallel tool instead! It will give you an area instead, a TrendArea! 😛 This way, you can cover more space, take wicks into account and
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