Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in
Share: During the months of April and May, the price of Gold breached the $2,000 mark and was only within a few Dollars of the record high. Analysts at Natixis discuss XAU/USD outlook for the coming months. Gold prices to remain in the lower bound area of $1,900 in 2024 In the near term, Gold
High Frequency Trading FOREX My Entrepreneurial Soul knows no NO. That’s why I’m comfortable. Trading Performance ???????? MyFXBook shows all the trading data ???? https://www.myfxbook.com/members/bank… Join the telegram channel to stay plugged in! https://bit.ly/fxautomation How to join: https://bit.ly/hftfx Many Investment Home Page: https://bit.ly/wealthytblog DM: https://bit.ly/TelAbraham
Open Your Own Demo/Live Trading Account Now! https://bit.ly/tmtxmfx Position Size Calculator https://www.babypips.com/tools/position-size-calculator FREE WEBINAR: A Step-by-Step Guide On How To Trade In The Forex Market For 30 Only Minutes A Day https://www.the30-minutetrader.com/startforex?el=tmtytorganic Join our Facebook Group: https://www.facebook.com/groups/218570656094563 New to Forex Trading? START HERE: 00:00 – 00:37 Introduction 00:38 – 00:54 What is Forex? 00:55 –
Which forex trading platform is best for beginners? Are you a beginner in the world of forex trading and wondering which trading platform is right for you? Look no further! In this video, we guide you through the best forex trading platforms for beginners. I’ll discuss the types of platforms available, important factors to consider,
Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker Wintermute assisted Celsius executives in manipulating the prices of CEL (CEL) through the use of “wash trading.” According to a June 23 Bloomberg report, citing a recent court filing, Celsius creditors have now amended their lawsuit in the United States District Court
The USDJPY has moved higher (lower JPY) despite higher inflation data out of Japan today. The move higher this week was kickstarted yesterday after the pair broke above a swing area between 142.24 and 142.49. The price also moved above the 61.8% retracement level of the move down from the 2022 high to the 2023
There was a very late bid in the oil market today that may have materialized as major events started to unfold in Russia. In a video last week, Wagner founder Yevgeny Prigozhin appeared to say that his 25,000 strong militia was heading to Moscow to oust the leadership of the defense ministry. “Those who destroyed
Gold prices on Friday were on track for their biggest weekly drop since February as prospects of additional interest rate hikes by the U.S. Federal Reserve this year weighed on bullion’s appeal. FUNDAMENTALS * Spot gold was up 0.1% at $1,915.39 per ounce by 0040 GMT, although prices hovered close to a three-month low. U.S.
Dollar saw a significant rebound overnight, a rally that carried on into the Asian trading session today. This surge is mainly attributable to short covering, particularly as central bank rate hikes this week failed to drive an extended selloff in the greenback. In fact, Dollar is currently the second strongest performer for the week, closely
Share: Gold recovers, rising 0.69% to $1926.30, amid global recessionary fears and faltering US bond yields. A worldwide slowdown in business and manufacturing activity stokes investor concerns and drives a shift to safe assets. Market participants focus on Fed speeches for rate hike insights; current odds are 74.4% for a 25-bps hike in July. Gold
Here we go again. The USDCAD has been trending more to the downside. This week a new low was made going back to September 2022. On the move to the downside, there have been corrective moves higher which have seen the price of the pair move above its 100-hour moving average (blue line in the
Fifth consecutive improvement in services Prior was 54.9 Manufacturing 46.3 vs 48.5 expected Composite 53.0 vs 54.3 prior Services new orders grew at a strong rate Full report The manufacturing and services PMIs are headed in opposite directions. The services upturn was led by strong customer confidence and new client acquisitions, according to S&P Global.
Bullion traded in the red on Friday on account of a strong dollar index (DXY), which was trading positive above the 102.50 mark against a basket of six top currencies. Both gold and silver futures were in the red in the opening trade on the MCX. The August Gold futures were trading at Rs 58,114
Dollar has launched a broad-based rebound in today’s market. However, momentum appears to be faltering against its European counterparts in early U.S. trading session. Although it continues to perform strongly against Yen and Australian dollar, the greenback has been struggling to break last week’s high against other key currencies. Consequently, this rebound seems to be
Fresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday. The euro zone’s flash composite Purchasing Managers’ Index dropped to 50.3 in June from
Share: Natural Gas continues its climb higher as hotter weather stokes demand for Gas to power air conditioning. Gas terminal closures and outages in Norway, Europe’s primary producer, further support prices. Technicals are mixed with short-term rallies within a longer-term downtrend. Natural Gas price continues its step recovery into the weekend. The commodity is supported
How to use Fibonacci retracement levels to enter the market? In this video, we’ll demonstrate how to use Fibonacci retracement levels correctly to gain a deeper understanding of price movements and improve trading decisions. Register with our Trusted Broker: https://muganmarkets.com/live-account?cmp=4x6d0k9l&refid=91396 Backtesting software we use: https://www.traderedge.app/?via=ash If learning advanced trading concepts, Strategies, entry reasons, and how