NEW DELHI: Gold prices were steady on Tuesday after hitting a one-week low in the previous session. The dollar weakened slightly ahead of US inflation data, which may offer clues about policy tightening by the Federal Reserve. The yellow metal was trading marginally higher in the domestic market. US consumers expect the economy to continue
admin
Yen decline continues overnight and stays soft on the back of solid risk-on markets. DOW closed just shy of 35k handle overnight, but the three major indexes ended at record highs nonetheless. Solid buying is also seen in Asia, with Hong Kong HSI staging and impressive rebound. Australian and New Zealand Dollar are currently the
The AUD/USD pair jostled up and down around 0.77 in the first half of June. After dipping to the 0.7475-0.7500 range on June 18, it then moved around 0.75 in the latter half of the month. The AUD/USD pair’s room on the downside looks set to widen in July, in the view of analysts at
This is my review of the EVE forex trading system. I show you every trade I took and how I used EVE on MT4 for these trades. Sorry for the long video, but I wanted to show you all signals and trades I had. EVE is not made by me. It is external software. If
In this video, I will show you how to determine the direction of the market when you are forex trading, to find the best swing trading opportunities. Specifically we will look at USD/CAD to find out which swing trading opportunities we can find on it by use multi-timeframe technical analysis and order flow analysis from
The Scalping Master Course is finally here! Check it out at https://www.dayonetraders.com/ 🎓 Scalping Course: https://www.dayonetraders.com/ ❓ Frequently Asked Questions: http://bit.ly/ScalpingFAQ 💻 Want My Charts? Ninjatrader 8: http://bit.ly/NT8_Setup Thinkorswim: http://bit.ly/ToS_Setup ————————————————— Michael Chin teaches simple trading and investing strategies that he’s picked up from participating in trading rooms, reading trading books, and executing trading strategies.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
GBP/USD down 50 pips to 1.3849 currently Invest in yourself. See our forex education hub. The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since –
NEW YORK: Oil prices fell on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key crude producers to raise output in the coming months stalled. Brent crude for September fell 45 cents, or 0.6 per cent, to $75.10 a barrel by 12:08 p.m. EDT (1605 GMT). U.S.
Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies are the softer ones. But overall, major pairs and crosses are bounded inside Friday’s range.
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district. The June Survey of Consumer Expectations showed that median
NZD/USD starts off Asia better offered, with a focus on the greenback. The RBNZ will be the main event for the Kiwi this week. NZD/USD is currently trading at 0.6984, down some 0.20% on the day as traders get set for the Asian session. NZD/USD travelled between a low of 0.6948 and a high of
Affiliates of South Korean internet giants Naver and Kakao are among the top contenders to work on the country’s first central bank digital currency (CBDC) pilots. On Monday, the Bank of Korea (BoK) announced the preliminary bid results for participating digital won pilots, local news agency Yonhap reported. Kakao’s blockchain subsidiary Ground X, Naver-affiliated Line Plus
Tech leads the way while others lag A mixed picture after the gains on Friday, with European indices also looking more mixed and tepid so far on the session. The risk mood is still largely holding up with bond yields keeping steadier as well in European trading today. If anything, it just feels like a
The dollar is slightly higher going into European trading The ranges for the day are still relatively narrow, but they are beginning to stretch a little with EUR/USD easing from 1.1870 to 1.1857 (still sitting in a 22 pips range though). The greenback is also seeing mild gains against the pound and franc, while holding
By Ravindra Rao Gold futures closed higher late in the session on Friday, registering its third weekly gain. An inside move candlestick pattern has been formed, suggesting indecision amid high volatility. Meanwhile, MCX Gold’s 20-day EMA holds as the key support for the day (Rs 47,570), followed by Rs 47,350. Similarly, Rs 48,300-48,400 zone holds
Strong first quarter GDP growth and rapidly rising inflation pressure suggest that the RBNZ would at least maintain a hawkish stance at this week’s meeting. While the monetary policy measures will stay unchanged, policymakers will likely react to market expectations of a rate hike in November, compared with RBNZ’s projection of next year in May.
USD/ZAR rebounds, looks for more upside amid USD’s bounce. The spot set for a triangle breakout on the 1D chart, as it probes 100-DMA. 21-DMA is the level to beat for the bears but the RSI remains bullish. Having found strong support near 14.20 once again, USD/ZAR is attempting a rebound towards 14.50. This comes as