EURUSD bounced off the 200 hour MA ….again. The EURUSD continues it’s ups and downs. The ups stalled at the high from yesterday near 1.06568. The move to the downside moved back to the 200 hour MA at 1.05978. Earlier today, the price also stalled near the 200 hour MA (before moving to the high).
Month: December 2022
Perhaps. The narrow ranges across major currencies so far today hint at a more unenthusiastic attitude among traders at least. EUR/USD is stuck within a 20 pips range and GBP/USD within a 30 pips range as we look towards European trading. The yen though will continue to pique the market’s interest after the BOJ surprise
New Delhi: Gold prices ticked higher on Tuesday, ignoring the firmer dollar and lingering worries about further rate hikes from the US Federal Reserve. Last week, Fed Chair Jerome Powell said that the US Central Bank will deliver more interest rate hikes next year to curb inflation. Other major central banks have also highlighted a
Yen remains the biggest winner of the day, and maintains most gains in early US session. It remains to be seen how long the impact of BoJ’s tweak of the yield curve control would last. But any, Yen is enjoying the ride for now. Australian and New Zealand Dollar are the weaker ones so far,
Gold price seesaws around weekly top after rising the most in three weeks. United States Treasury bond yields underpinned US Dollar’s biggest daily fall in a week and propelled XAU/USD. Gold buyers also cheered receding fears of recession, hopes for more stimulus from China. US data, risk catalysts will be crucial as Gold traders approach
Mark Minervini won the US Investing Championship for a second time. He used the same trading strategy as he used when he won in 1997. The trading concept has been widely used by many of the best traders in the world, its foundation is based on consolidation followed by a breakout. In this video we
In this video ill teach you an easy trading strategy based on ICT Concepts. I added my own little twist to the ICT 2022 Mentorship Trading Strategy and for this forex/indices trading strategy, you don’t need to know the daily bias. ICT recommends that you must know your daily bias but in this video im
The GBPUSD moved above its 200 day moving average on the first trading day of December, and after retesting that moving average on December 6 and December 7, the price extended up to the 61.8% retracement of the 2022 trading range at 1.24507 where sellers leaned against the level. Since then the price has returned
Stoxx 600 -0.4% German DAX -0.5% France’s CAC, -0.4% UK’s FTSE 100 +0.1% Spain’s Ibex +0.7% Italy’s FTSE MIB +0.0% I’m not sure what’s behind the outperformance in Spain but the decline in the DAX puts German stocks into negative territory on the week to follow off last week’s rout. DAX daily ADVERTISEMENT – CONTINUE
The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry. New data from Nasdaq reveals that investors had this mindset as they continued to sink money into Web3, particularly metaverse-related projects. According to the data over the last year 216 metaverse funding deals were completed,
Gold price rose Rs 38 to Rs 54,740 per 10 grams in the national capital on Tuesday, according to Securities. In the previous trade, the precious metal had settled at Rs 54,702 per 10 grams. Silver, however, declined Rs 328 to Rs 67,984 per kilogram. “Gold price traded steady after inching lower in the earlier
Yen rises strongly in Asian session after BoJ’s surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and Euro are mixed for now. Technically,
EUR/GBP is back at Monday’s close. Economists at ING expect the pair to move to the upper half of the 0.87-0.88 band. No domestic drivers “There is nothing to highlight in the UK calendar today, and the Pound should continue to be driven by Dollar dynamics.” “EUR/GBP initially had a positive reaction to the BoJ
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. JP Morgan discusses EUR/USD technical outlook and sees scope for a significant decline in Q1 of
Saudi Aramco is the largest oil producer in the world. CEO Amin Nasser might be accused of talking his book, or he might be right (or both!) “Today there is spare capacity that is extremely low,” “If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you
European Union countries‘ energy ministers approved a cap on gas prices on Monday, which would be triggered if benchmark gas prices spike to 180 euros per megawatt hour, according to officials and a document seen by Reuters. The EU gas price cap would kick in if prices on the front-month Dutch Title Transfer Facility gas
Overall risk sentiment is steady in the financial markets today. Aussie and Canadian Dollars are firming up slightly, while Dollar and Yen soften. The upcoming BoJ rate decision in Asia is unlikely to give Yen any special support. Euro was lifted briefly by better than expected Germany data, but buying didn’t last long. European majors
EUR/USD bears are a test of 1.0580which opens the risk of a continuation towards 1.0500 at the extreme. Bulls need to get above 1.0650 for a run into the 1.07s. As per the prior analysis, EUR/USD Price Analysis: Bulls under pressure as bears test commitments at 1.0600, and, EUR/USD Price Analysis: Bulls move and seek a test of key H4
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