Share: AUD/USD is seeking a cushion around 0.6660, however, the downside seems favored. The US Dollar Index is expected to show severe volatile moves ahead of the FOMC minutes. AUD/USD has slipped below the Rising Channel chart pattern, which indicates a bearish reversal. The AUD/USD pair is looking for a cushion around 0.6660 in the
Gold price remained flat at Rs 59,280 per 10 gram in the national capital on Wednesday, according to HDFC Securities. However, silver climbed by Rs 200 to Rs 71,500 per kilogram. “Gold traded flat on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,280/10 gram, unchanged from its previous day close,”
The manufacturing sector has been contracting basically all over the world with the biggest economies like US, China and Eurozone being the highlights. We had recently a rally in copper prices due to the expectations of more economic stimulus from China, but the market got disappointed from the weak actions and it’s erasing the entire
S&P 500 futures are now down 24 points, or 0.5%, as the selling is picking up in European morning trade. The new week is finally looking to get underway and after a solid rebound to close off the month of June, stocks are beginning to stutter now. In Europe, the selling is still rather controlled
Commodity currencies are maintaining their position as the stronger performers of the week, while overall trading continues in a noticeably subdued manner. Both Dollar and Yen are seen navigating within familiar ranges against their European counterparts. Market volatility might experience a slight uptick as US traders return from holiday break today. While FOMC minutes are
This Simple ICT Strategy is easy to use and can help traders when taking prop firm challenges. ICT is often overcomplicated and can leave newer traders in shambles. The best trading strategy is often the most simple strategy. Similar to diets, pick one that you can easily commit to and stay consistent with. CFTC RISK
All about Quantalpha Algorithms – https://solo.to/quantalphaalgorithms TRADING BOOKS https://shopee.ph/theengineertrader?smtt=0.821715566-1659595028.9 RECOMMENDED BROKERS Pepperstone – http://trk.pepperstonepartners.com/aff_c?offer_id=345&aff_id=16084 IC Markets – http://icmarkets.com/?camp=61034 Vantage – www.vantagefx.com/forex-trading/forex-trading-account/?affid=70952 FBS – https://fbs.com/?ppu=15952708 XM – https://clicks.pipaffiliates.com/c?c=537816&l=en&p=1 FACEBOOK PAGES Pepperstone FB Page – https://www.facebook.com/PepperstoneBrokerIB Vantage FB Page – https://www.facebook.com/VantageBrokerIB XM FB Page – https://www.facebook.com/XMBrokerAffiliate FACEBOOK GROUPS Quantalpha Algorithms – https://www.facebook.com/groups/PepperstoneForexTradersGlobalCommunityPhilippines/?ref=share_group_link Pepperstone Traders – https://www.facebook.com/groups/196524675996283/?ref=share_group_link IC
Do you like my free YouTube videos? Then you will love the Tradecademy! In the Tradecademy, you find 80 brand-new and never-seen-before trading videos in a completely new trading course. Plus, you join a private discord community, live trading webinars and you can interact with me directly. New: Tracademy – online trading academy ► https://tradeciety.com/academy/
Share: USD/MXN struggles to defend corrective bounce off the lowest levels since December 2015. Remittances to Mexico hit record high in May, US Dollar’s struggle add strength to Peso’s run-up. Mexican Consumer Confidence, FOMC Minutes will be in the spotlight. USD/MXN licks its wounds at the lowest levels since December 2015, fading the corrective bounce
Oil prices ticked higher on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. Saudi Arabia on Monday said it would extend its voluntary output cut of 1 million barrels per day (bpd) to August while Russia and Algeria volunteered to lower their August
Since the last FOMC meeting the US economic data surprised consistently to the upside leading to a more hawkish pricing for interest rates expectations. In fact, Fed Chair Powell said that the majority of the FOMC expects two or more rate hikes coming if the economy performs as expected. Conversely, the UK employment and inflation
I just posted this on the threat China’s export curbs pose to Germany: Posting this now on more signs of the new cold war. China has cancelled a trip by European Union foreign policy chief Josep Borrell that was scheduled for next week. The info came overnight via a spokesperson for the EU. Said there
Cointelegraph is launching Zero Barriers, a special six-part podcast series in collaboration with StarkWare. The series, which features as part of the Decentralize with Cointelegraph podcast, will explore the evolving world of zero-knowledge rollups (ZK-rollups) and the next steps for the adoption of blockchain technology. Throughout the series, three different hosts from the Cointelegraph team
Share: EUR/GBP has slipped sharply to near 0.8570 as the BoE is set to raise interest rates further. Headline inflation in the UK is sticky above 8.7% as higher costs of services have faded the impact of lower gasoline prices. ECB Lagarde has conveyed that the current monetary policy is not sufficiently restrictive to bring
Gold futures traded flat in Tuesday’s early trade on a stronger dollar index (DXY). The bias, however, remained negative. The August Gold futures were trading at Rs 58,275 per 10 grams in the opening trade, down by Rs 2 while September Silver futures were marginally higher by Rs 31 per kg at Rs 70,320. Gold
The market expects the Fed to hike by 25 bps at the July meeting given that the economic data kept on surprising to the upside since the last FOMC meeting, although a lot will depend on the next NFP and CPI reports. Fed Chair Powell reiterated that they expect two or more rate hikes if
This has been a problem for many months now with UK food price inflation having run at its fastest pace in 45 years back in April here. It has fallen back to roughly 14.6% in June, down from the 18.3% reading in May, but is still a major problem generally. However, Sainsbury is saying that
Australian Dollar dips slightly after RBA decided stand pat. But it hasn’t seen substantial follow through selling pressure yet. While the decision might have surprised half of the market participants, it doesn’t change the tightening path of the central bank. It’s more of a decision on delivering the hike today or in August. What next