In the fast-paced world of financial markets, traders are constantly seeking an edge to make informed decisions and maximize profits. One such tool that has gained popularity among traders is the Supertrend MT5 Indicator. In this article, we will explore what the Supertrend MT5 Indicator is, how it works, and why it is considered an
PBOC is expected to set the USD/CNY reference rate at 7.2889 – Reuters estimate 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
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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
A weekend report that Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region’s oilfields within three days. Via a statement from Iraqi oil minister Hayan Abdel-Ghani. Iraq has reached an understanding with Turkey in relation to resumption of northern oil
Share: GBP/USD continues its downward trend, dropping 0.16% despite the UK GDP narrowly avoiding a contraction in Q3. The Bank of England’s cautious stance mirrors the Fed’s, as both central banks adopt a meeting-by-meeting approach to monetary policy. Upcoming economic releases from the UK and US, including jobs, inflation, and retail data, are
Prior was 63.8 Current conditions 65.7 vs 69.5 expected (70.6 prior) Expectations 56.9 vs 59.5 expected (66.0 prior) 1-year inflation 4.4% vs 4.2% prior 5-10 year 3.2% vs 3.0% prior This survey is more about gasoline prices and the political mood than anything else. That said, the Fed cares about it and seeing the jump
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from November 6 to 10, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and
Share: GBP/USD failed to gain traction on Friday, extended its losses to five consecutive days, is down 0.16% or 20 pips from its opening price after hitting a daily high of 1.2237. At the time of writing, the pair exchanges hands at 1.2205. Read More… The Pound Sterling (GBP) is expected to continue
ECB President Lagarde (neutral – voter) over the weekend spoke with a Greek newspaper and reaffirmed their commitment to bring inflation down to target by 2025: We are determined to bring inflation down to 2%. According to our projections we will get there in 2025. Our mandate is to ensure price stability, and this is
