Swiss Franc’s selloff is a major focus in the forex markets today, in particular, as it breaks through a key support level against Sterling. The development somewhat drags down the Euro too. The Pound and Dollar are currently the stronger ones while commodity currencies are mixed. Stock markets are stabilizing with rebounds from Asia to
NY resistance stalls the rally. New lows On the topside, watch the 1.21000 area for intraday bias clues. Looking at the 5 minutes chart below, the midpoint of the trend move lower today comes in at 1.20995. Just below that is the falling 100 bar moving average at 1.20982. The natural resistance at 1.21000 adds
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
The price of silver is rallying as the online trading movement fuelling the rise of unloved shares like GameStop took a shine to the precious metal. Silver futures jumped 11% on Monday to about $30 per ounce – an eight-year high – following strong gains over the weekend. On Twitter, #silversqueeze was trending as investors
A worker uses a hoist to assemble a car seat at the Lear Corp. manufacturing facility in Hammond, Indiana. Jim Young | Bloomberg | Getty Images U.S. economic growth will recover “rapidly” and the labor market will return to full strength quicker than expected thanks to the vaccine rollout and a barrage of legislation enacted
Join me and the trading community to discuss technical analysis levels of the S&P 500, Nasdaq, Gold, Silver, and the USDX for the beginning of a new week!👇👇👇👇👇👇👇 🆓Sign up for our FREE Public Discord Trading Chat & Get your FREE Technical Analysis Pattern Cheat Sheet ▶︎ http://bit.ly/2UXPAVE 🐙Join our Private Trading Community with a
PLEASE SUBSCRIBE FOR INVITATIONS TO OUR LIVE FOREX TRADING STREAMS I’ve been trading forex live since 2004. Watch me go through the technicals and fundamentals of currency trading live. Do you have a question? JUST ASK! Download my chart templates below… EUR, USD, BTC, XAU, WTI, Dollar Instrumental Metal Music | Metal Compilation Vol.1 |
Benefits of a YouTube Member of this channel -STRATEGY + INDICATOR DOWNLOAD -ACCESS TO LIVE STREAM CHAT https://www.youtube.com/channel/UChqNeLTntd-46Vl6s8jjr5A/join If you would like the Indicator Package FREE Simply Sign up to USG Forex Broker and Deposit a Minimum 100$ Using the Following Link: https://www.usgfx.asia/RegAcc/RegAccStep1?culture=en-US&IB=2128p8R8q8x8y8Q-11 After Creating an Account and Deposit contact via Telegram @UFX_Support and once
The AUD/USD pair fell to a fresh 2020 low of 0.7591 last week, ending it with modest losses below the 0.7700 level. Bears could take their chances in a week where the Reserve Bank of Australia (RBA) is having a monetary policy meeting on Tuesday, Valeria Bednarik, Chief Analyst at FXStreet, briefs. Key quotes “On
The RBA will have its first meeting this year on Tuesday, followed by publication of the statement of monetary policy on Thursday. We expect all policy measures to stay unchanged this month. Policymakers could revise GDP forecast higher and the unemployment rate lower, given the better-than- expected economic data released recently. Yet, they would remain
The 100/200 hour MA is being tested The NZDUSD has tumbled lower over the last 5 hours as stocks hit the skids and risk off flows drive the price lower. Also helping was the high for the day stalled near an old swing area between 0.77224 and 0.72248. The price moved above that area on
Daily thread to exchange ideas and to share your thoughts Major currencies are little changed in general to start the new week, though there is a slight hint of a tilt towards risk-on sentiment as we see equities recover after the hammering on Friday last week. This comes as the retail trading frenzy starts to turn its
Silver surged at the week’s open, with futures topping $29 an ounce within minutes, as the the Reddit-inspired frenzy that roiled stock markets last week spills over into commodities. The extraordinary spike came after retail sites were overwhelmed with demand for bars and coins at the weekend. Outlets including Apmex, the Walmart of precious metals
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Federal Reserve Chairman Jerome Powell has a few nerves to quell among market participants wondering when the central banks will start
What you need to know on Monday, February 1: Investors attention was diverted away from the FX board, amid turmoil in equities. The American dollar benefited from a dismal market mood but traded within familiar levels against its European rivals. Commodity-linked currencies and the JPY were the most affected by risk-aversion. Gamestop shares soared amid
It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021. On the DApp Radar rankings, eight of the top 10 DApps on Ethereum are DeFi. Uniswap sees more users than any other application and is set
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact us: contact@actionforex.com
Another big week for earnings next week Next week is another big earnings week. This week’s results, although mostly better than expectations, saw investor sell into the bounces (generally speaking). So what reaction will the results next week bring? Below is a list of the major releases: Monday Warner music group NXP Tuesday UPS Pfizer Alphabet