In the world of financial markets, trading indicators play a crucial role in helping traders make informed decisions. One such indicator that has gained significant attention in recent years is the Bheurekso Pattern MT5 Indicator. In this article, we will delve into the details of this powerful trading tool, exploring its features, benefits, and how
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Share: Gold price hovers around the $2,000 psychological mark on the USD weakness. The private sector in the US continued to grow at a slower pace in early November. US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) inflation figures will be in the spotlight this week. Gold price (XAU/USD) holds above
Bank of America’s chief strategist, Michael Hartnett, has been busy since Friday, when he wrote in a note to clients that investors piled US$40 billion into equities over the past two weeks, which has helped the S&P500 to its best monthly performance, so far, since July 2022. He noted, though that signs of caution have
Share: In November, stocks and bonds have rallied and the US Dollar has weakened. Economists at Nordea expect markets to move back to reality. The current rally in bonds and stocks is unlikely to continue The rally in both bonds and stocks looks unsustainable. The next environment is likely to be one of
The Reserve Bank of New Zealand meeting this week is scheduled for November 29. The announcement is due at 2pm, local New Zealand time: which is 0100 GMT, and 2000 US Eastern time on Tuesday the 28th the current RBNZ Official Cash Rate (OCR) is 5.5% and there is no expectation of any change in
German Bundestag representative endorses Bitcoin as legal tender, aiming to integrate it into Germany’s financial landscape Read too Joana Cotar, representative of the German Bundestag, has publicly expressed her support for Bitcoin as legal tender in Germany. In a recent interview, she shared her aspirations to integrate Bitcoin into the country’s mainstream financial landscape. The
Share: The Riksbank decided against hiking its key rate in November. Krona traded weaker following the rate meeting. Economists at Commerzbank analyze SEK’s outlook. Riksbank remains cautiously restrictive, but not enough The Riksbank didn’t raise the policy rate in November but has not ruled out a further increase at the beginning of 2024.
The Nasdaq Composite this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
