NZD/USD heading back towards 0.5800 as Greenback sees Friday bids

Share: The NZD/USD is back into Friday’s lows as the US Dollar sees a late bid on Friday. The Kiwi continues to face topside rejection as broader markets choose safer havens. Kiwi traders will be looking ahead to next Tuesday’s NZ labor figures. The NZD/USD is ticking back towards 0.5800 heading into the

Nasdaq, Gold, US Dollar; FOMC, BOJ, BoE, China PMI, Euro Area Inflation, US Jobs

If you’re new to trading and would like to know how to develop confidence in trading, click on the free guide! Recommended by Manish Jaradi Building Confidence in Trading Global equity markets declined, led by the US on mixed third-quarter earnings, lingering uncertainties in the Middle East, and higher for longer interest rate outlook. The

Sam Bankman-Fried takes the stand

Sam Bankman-Fried is testifying today. We got a preview of what he will say yesterday in a hearing with the judge but the jury excluded. His lawyers are working on an ‘advice of council’ defense where he claims that everything he did that was wrong was based on the advice of lawyers. I can imagine

The Smart Price Action Concepts – Trading Systems – 29 October 2023

Do you feel confused when you look at your trading screen, seeing prices go up and down without understanding why? It’s like trying to read a language you don’t know – frustrating and often doesn’t work.In your quest to understand price movements, you might have added a lot of indicators to your charts, making it

Rouble hits over 6-week high after sharper-than-expected rate hike By Reuters

© Reuters. FILE PHOTO: A view shows the newly designed Russian 1000-rouble banknote during a presentation in Moscow, Russia October 16, 2023. REUTERS/Maxim Shemetov/File Photo By Alexander Marrow MOSCOW (Reuters) – The rouble leapt to a more than six-week high against the dollar on Friday after the Bank of Russia hiked interest rates by more

Japan CFTC JPY NC Net Positions rose from previous ¥-102.7K to ¥-99.6K

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

Fractals Adjustable Period Trend Lines MT4 Indicator

In the world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained popularity among traders is the Fractals Adjustable Period Trend Lines MT4 Indicator. In this article, we will explore what this indicator is, how it works, and why

Weekly Market Outlook (30-03 November)

UPCOMING EVENTS: Monday: Australia Retail Sales. Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data. Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job

GBPUSD will resume droping – Analytics & Forecasts – 29 October 2023

Due to our analyse on GBPUSD, the  GBPUSD will resume its down trend , after 4 weeks of pausing , the drop may be deeper. Properly deep as low as 1.10  (last price is 1.21205)   Trading strategy : Do more short sell orders on GBP/USD, when the price at a recent high level.  (next week 30th Oct

Dollar eases as month-end flows weigh; eyes on Fed and BOJ By Reuters

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end