© Reuters. The US dollar crisis in Bangladesh has intensified as the open market rate soared to Tk128 per dollar Today, a sharp increase from the rate earlier in the week. Despite the Bangladesh Bank’s (BB) stringent directives and warnings of harsh penalties for non-compliance, banks and money changers continue to bypass BB’s fixed exchange
Share: The Silver’s spot price XAG/USD is down by more than 1%, around $22.30. Jerome Powell from the Fed was seen as hawkish on Thursday, fuelling US bond yields. Markets are pricing in rates at restrictive levels for a more extended period. UoM Consumer Sentiment data from the US came in lower than
S&P indexes moving above its 100 day moving average The S&P index is currently trading near session highs, up 60.44 points or 1.39% at 4407.92, and in the process has broken above its 100-day moving average of 4402.47 (see the blue line in the chart above). The last time it traded above this moving average
EUR/USD: How Mr. Powell Aided the Dollar ● The past week witnessed few significant events, which reflected in EUR/USD pair’s fluctuations around 1.0700. Notably, there was a slight increase in the Dollar Index (DXY), starting at 105.05 and reaching a peak of 105.97 by Friday, November 10. This growth was primarily attributed to the “hawkish”
Share: USD/JPY extends its rally for the fifth day, flirting with the 151.00 level, driven by rising US Treasury yields and Fed Chair Powell’s inflation concerns. Market sentiment shifts following the University of Michigan data, indicating lower confidence in the economic outlook and persistent inflation fears. Japanese Yen’s further decline is tempered by
In the world of forex trading, deciphering the intricate language of financial markets is paramount. Traders often rely on a plethora of tools and indicators to navigate this complex terrain successfully. Among these tools, the Price Patterns MT4 Indicator stands out as a valuable ally. In this article, we’ll delve into the depths of this
Yesterday’s poor 30-year Treasury auction reverberated through the market but later in the day, many people were arguing that it should be ignored because a ransomware attack kept China’s largest bank — ICBC — out of bidding. Yellen now says there was no impact on the Treasury market from the attack. Could she mean that
EUR/USD ANALYSIS Fed > ECB last week contributing to euro weakness. Euro & US CPI the main attraction this upcoming week. EUR/USD bears hopeful for downside breakout. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be
This Blog post details how the Set Files were decided during optimization, it will also show alternative settings. Broker Data: Darwinex UK. Terminal: MT5 Date Range tested: 01-Jan-2018 to 15-Oct-2023 (5 Years 9 months) Leverage: 1:25 Deposit: $10,000 US Dollars Risk per trade 1% of Account Balance Optimization Modelling: Open Prices. All single tests are
Share: The AUD/NZD has etched in a new weekly low at 1.0780 after a week of declines. The Aussie’s backslide comes after reaching a technical ceiling at 1.0940. Buyers to be pushed to the back end for next week if they can’t grab ahold of moving average barriers. The AUD/NZD has managed to
