AUD/JPY keeps the early week’s corrective pullback from key support line. Confluence of 200-SMA, one-week-old resistance line guards immediate upside. Mid-February low add to the downside filters, three-week-old horizontal area offers extra resistance. AUD/JPY picks up bids to 82.80 during the initial Asian session trading on Friday. In doing so, the quote keeps the bounce
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CCI and Moving Average Forex Trading Strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! CCI stands for Commodity Channel Index indicator. Forex trading strategy of EMA with CCI. CCI is basically an oscillator technical analysis indicator. I’ve adjusted this strategy a little bit – we have a Pound/USD chart on
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TRADING SECRETS THAT WORK | GBPUSD FOREX FORECAST ANALYSIS TODAY | GBPUSD FOREX TRADING STRATEGY Hey guys. In this video, How to Mark Up a Forex Chart, GBPUSD Forex Forecast Analysis and Trading Strategy and Analysis, I recap an analysis I completed a few weeks back on this pair where I complete a multi-timeframe top
The drama in the Suez Canal adds to the messy picture As if the view on demand conditions easing and questions being raised on the supposed ‘supercycle’ on oil weren’t enough, the Suez Canal situation just creates more complications for traders to price in at the moment – at least in the short-term. The disruption
Bild reports on the matter, citing government sources As the virus situation looks to be worsening in Germany, the government is reportedly going to take stricter measures against travelers looking to enter the country. The report says that Germany is to require a negative coronavirus test pre-departure from all incoming flight passengers, even from non-risk
NEW DELHI: Gold and silver futures traded flat on Thursday as support from easing US Treasury yields was offset by a strong dollar, which emerged as a preferred safe-haven amid growing concerns about extended lockdowns in Europe. US Treasury yields dipped after the Treasury saw average demand for an auction of five-year notes, with the
Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the week, Dollar and Yen remain the strongest one while New Zealand and Australian Dollar are
Treasury Secretary Janet Yellen speaks during a virtual roundtable event with participants from local Black Chambers of Commerce on February 5, 2021 in Washington, DC. Drew Angerer | Getty Images Banks have improved their capital positions and should be allowed to continue to buy back their own shares, Treasury Secretary Janet Yellen said Wednesday. Regulators
A combination of diverging forces failed to provide any meaningful impetus to gold. The range-bound price action constitutes the formation of a bearish rectangle pattern. Neutral oscillators warrant caution before positioning for any firm near-term direction. Gold lacked any intraday directional bias and seesawed between tepid gains/minor losses through the first half of the European
Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed until June. In an announcement from Theta Labs, the company stated that its development team is still working “to incorporate some building blocks” for a non-fungible token, or NFT, marketplace for the Theta Mainnet 3.0. They are also working to ensure that the network
Gold consolidates recent losses inside a short-term trading range above $1,725. US dollar strength fails to stop gold buyers as downbeat bond yields drive safe-haven demand to the yellow metal. China’s struggle with the West joins fears of slower economic recovery and tapering to weigh on the mood. US GDP, central bankers’ comments will decorate
Dow turns negative at the close It was an ugly day for the NASDAQ index. It fell 2% on the day on a decline of 265.8 points. The S&P index and Dow were down more modestly but both closed at the session lows. The declines today cannot be blamed on yields moving higher. The treasury curve is lower across the board with
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
A 3 percent drop in gold prices beginning March has spurred demand for the yellow metal in the physical and paper form. Wealth managers said that clients looking at gold as a long-term investment with regular interest earning are buying sovereign gold bonds (SGBs) from the secondary market at the current rate, which is below
Asian markets closed in deep red earlier today while European stocks dived in initial trading. Yet, the markets were saved by much stronger than expected PMI data out of Eurozone and UK. Overall sentiments recovered notably, with US futures pointing to a rebound at open. In the currency markets, Canadian Dollar, Dollar and Aussie are
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose 3% last week from the previous week, according to the Mortgage
Jason Kempin | Getty Images Entertainment | Getty Images The furniture retailer RH, formerly Restoration Hardware, on Wednesday reported fourth-quarter earnings and sales that topped Wall Street estimates, as it continued to see robust demand for its high-end furniture and home wares. CEO Gary Friedman said the momentum is expected to continue into this year,