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 your initial investment; do not
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Gold held steady on Friday, but was headed for a second straight yearly loss as aggressive rate hikes by the U.S. Federal Reserve dented the non-yielding bullion’s appeal. * Spot gold was little changed at $1,815.20 per ounce as of 0042 GMT. U.S. gold futures fell 0.2% to $1,821.90. * Bullion was headed for an
The financial markets are trading more on the risk-on side as the year-end is approaching. But reactions in the forex markets are relatively mild. Yen continues to be the worst performer for the week but selloff is somewhat slowing. Euro and Sterling are soft with Dollar. Commodity currencies are the relatively stronger ones but have
Gold price defends the previous day’s bullish bias despite recent struggle around daily top. Mixed sentiment, sluggish markets restrict XAU/USD moves but buyers cheer second monthly gain as 2022 bids adieu. Hopes of economic recovery, lower rates could keep Gold buyers on the table even as Covid, geopolitics probe immediate upside. Gold price (XAU/USD) replicates
Xie is said to have expressed disappointment with the result of the digital yuan trial in select provinces and cities, noting that “the cumulative circulation of the digital currency in the two years of trial has been only ¥100 billion”. Adding that the usage has been “low and highly inactive”. Despite China being among the
Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in China. Brent futures for February fell 96 cents, or 1.15%, to $82.30 a barrel by 1208 GMT. The more active March contract fell 1.2% to $82.98/bbl, after falling
Trading in the forex markets remain mixed and non-committal. Yen’s pull back appeared to have run its course already, and recover broadly today. Euro and Swiss Franc are now on the firmer side. On the other hand, Dollar is weak together with Aussie and Sterling. Canadian and New Zealand Dollar are mixed. Meanwhile, European stock
Japanese Yen among top performers on Thursday despite higher equity prices. US Dollar turns negative as Wall Street soars. USD/JPY is ending a four-day positive streak with a 1% loss. The USD/JPY broke below the 133.45/50 zone after the beginning of the American session and tumbled to 132.90, a two-day low. The pair remains under
? Important Risk Notice: https://transparentfxtrading.com/terms-conditions/#risk-disclaimer In this video I will be sharing my Opinion on How to Trade the News in Forex, this approach can be taken when looking into developing a news trading strategy that looks to take advantage of the trading of the entire forex economic calendar. ? Mentorship Program: https://transparentfxtrading.com/ ? Free
QMS is an advanced type of the general Quasimodo. The strategy was built from the perspective of supply and demand. The conditions for the sell setup are as follows; there should be a demand, a FTB to Demand, a QML formulation, and an Engulfment of Demand. To learn more about our trading style at Chart-Master
Welcome to the most comprehensive trading strategies event of the year. We’re excited to invite you to a Free Masterclass, Online Marathon, that will take place on December 28th at 10:00 AM GMT. MARATHON AGENDA 10:00-10:45 Jordon Mellor: F*ck the Trend – Fade for profits 11:00-11:45 Ruben Abitbol: Heartbeat – Build a Strategy around Volatility
Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to stack up and are eating away at the lender’s estate. In a Dec. 29
This is one of the most simple technical analysis, and guide (bullish or bearish) that you will probably see. It shows swing traders and buy and holders (or those seeking to sell some of their holdings) exact prices of when the market is in the favor of bulls or bears, and why. The above is
Blackrock, the world’s largest money manager, from their “2023 Global Outlook”. It builds on views expressed here: It’s a long piece, I’ve pulled out this snippet. We expect to turn more positive on risk assets at some point in 2023 – but we are not there yet. What matters most, we think, is how much
Oil prices ticked down on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand in the world’s second-biggest oil consumer. The scale of the latest outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as China began dismantling the world’s
Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro is the stronger European majors while Sterling and Swiss Franc are on the softer side. Dollar is mixed for now
EUR/USD is facing pressure as fresh Covid measures taken by various nations for arrivals from China trigger volatility. Absence of recovery signs from S&P500 futures after a two-day sell-off portraying risk-off mood. The United States will require all travelers from China to show a negative Covid report, effective from next week. The EUR/USD pair has
The USDCAD has spiked higher helped by: Lower oil. Crude oil is trading down $1.69 at $77.86. The high price was at $79.85 today Lower stocks. The major indices are all trading lower on the day with the NASDAQ down -0.80%. That has led to a move out of risk Higher yields. The two yield