The USDCAD moved above the 200 hour MA last Friday and after a test, bounced against the MA level. That MA is now close support. Stay above is more bullish. The highs from September and early October loom above between 1.3807 to 1.3836. Above that and the 1.38548 will be the next target before moving
With four weeks to go until the vote, polls and prediction markets point to a divided government the most likely outcome, Goldman Sachs wrote in a note. There is a 85% likelihood that Republicans gain control of the Senate, the House or both, and just a 15% likelihood that Democrats maintain unified legislative control. Historically,
Gold price fell by Rs 343 in the national capital to Rs 51,105 per 10 grams on Tuesday amid a decline in the prices of the precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 51,448 per 10 grams. Silver also tumbled by
Dollar extends its near term rally in Asian session, with support from risk-off sentiment, while US 10-year yield is flirting with 4% handle. Yen is also firm, and has the potential to overwhelm the greenback if Japan steps into the markets again. Commodity currencies are the weakest one so far, with Aussie being the worst.
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global
EUR/USD attempts a mild recovery just above the 0.9700 barrier. If bears push harder, the pair could see the 2022 low retested. EUR/USD finally sees some respite to the persistent decline and rebounds from lows near 0.9670 on Tuesday. Despite the bounce, further losses remain well in the pipeline for the time being. That said,
Tutorial 2 | AdvancedNET Forex Trading System 2022 | Trade Like a Pro | Nihilist Trading System. “AdvancedNET” is the most accurate MT4 trading system for professional traders. Development of the strategy and related indicators are coded by Nihilist. You can learn the system with minimum effort. More than 100 of my indicators are freely
This is a COMPLETE Guide to Supply and Demand Trading, I will explain to you how I use Supply and Demand to get SNIPER entries when trading forex. It is a very SIMPLE trading strategy, but a lot of people try to overcomplicate it. I will show you how I find supply and demand zones
The USDJPY is moving to a new session high and in the process is working toward the swing high from September 22 at 145.90. The price moved above the earlier session high at 145.662. USDJPY trades toward the September high The Bank of Japan intervened in the market on September 22 sending the USDJPY down
Westpac’s monthly survey of consumer sentiment is -0.9% m/m to 83.7 prior was +3.9% to 84.4 The index is barely above its historical lows at a deeply pessimistic level. In Westpac’s commentary on the results they atytrbiute the worries to the usual suspects: surge in the cost of living rising interest rates concerns about the
Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with knowledge of the matter said on Monday. The producer is keeping supplies to Asia steady despite likely production cuts by tapping on inventories, the sources
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. David Swanson | Reuters The Federal Reserve likely is making a mistake in its hard-line stance against inflation Ark Investment Management’s Cathie Wood said Monday in an open letter to the
EUR/JPY bulls could be nearing capitulation within the recent soft correction. Bears are targeting a blow-off to test below 141.00. EUR/JPY, as the following analysis will illustrate, could be on the verge of a significant move to the downside. The price has been in a broad bearish trend since the start of the month and there
Here is my bitcoin technical analysis and price forecast with a 4-to-1 reward-vs-ratio trade idea. That is quite aspiring so partial profit taking can be executed along the way, at your discretion. The stop loss is at $21575. The take profit target is at $10657. I hope the crypto gang doesn’t kill me for this
The UK’s Financial Conduct Authority wants reports on gilts and associated markets daily reports on any significant deterioration in market conditions — Reuters with the headline citing an unnamed source. I guess the only thing worse than this is not getting such reports? This comes after the huge disruption to gilts and GBP in response
Gold prices in the national capital dropped Rs 543 to Rs 51,625 per 10 grams on Monday amid a decline in the prices of precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 52,168 per 10 grams. Silver also tumbled by Rs 2,121 to
Asian markets trade broadly lower today, extending the risk-selloff late last week. Dollar, Yen and Swiss Franc are trading higher on risk-aversion, as usual. Aussie is currently worst performer, while Kiwi and Sterling are trailing. Euro is mixed for now, but looks vulnerable too. Technically, one focus is whether EUR/USD would finally make up its
Ben Bernanke, former chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting on Friday, Jan. 4, 2019. Bernanke is one of three winners of the 2022 Nobel prize in economics. Bloomberg | Bloomberg | Getty Images U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig