The USDCAD made new lows for the week earlier today and in the process tested a swing area between 1.3401 and 1.34214. The low price reached 1.34154 bouncing higher. The last 4 or so hours have seen a sharp move back to the upside helped by declining oil prices. The move higher has taken the
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a
Mexico Fiscal Balance, pesos: -512B (August) vs previous -77.562B لینک منبع : هوشمند نیوز
The EIA is reporting that: U.S. overall crude production grew by 0.7% to 12.99 million barrels per day in July, the highest level since November 2019. Texas experienced a 1.3% increase in crude production, reaching 5.63 million barrels per day in July, setting a new record. New Mexico’s crude production rose by 0.6% to 1.78
EUR/USD: Correction is Not a Trend Reversal Yet ● The dynamics of the EUR/USD pair in the past week were atypical. In a standard scenario, combating inflation against the backdrop of a strong economy and a healthy labour market leads to an increase in the central bank’s interest rate. This, in turn, attracts investors and
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According to Reuters, 4 sources are saying that: OPEC+ ministerial panel unlikely to recommend output policy change at October 4 meeting This is as expected. This article was written by Greg Michalowski at www.forexlive.com. لینک منبع : هوشمند نیوز
China NBS Manufacturing PMI above forecasts (50) in August: Actual (50.2) لینک منبع : هوشمند نیوز
China manufacturing PMI Manufacturing PMI 50.2 vs 50.0 (prior 49.7) Non-manufacturing PMI 51.7 vs 51.5 expected (prior 51.0) The official manufacturing PMI is the important one and it rose above 50 for the first time since March 2023. That line signals expansion/contraction, so while it’s a small beat on expectations, it’s an important one. Notably,
Buttons and Parameters of the Onscreen Panel General: Buttons in Gray color indicate that they are in deactive or disabled state [EA]: Activate/Deactivate expert [PNL]: Activate/Deactivate Onscreen Panel [LIST: …]: Activate/Deactivate pulldown Onscreen list of current master trades with button included to each trade for immediate copying to client regardless other presets [Hedging]: If enabled,
