AUD/USD TECHNICAL OUTLOOK AUD/USD rises for the fourth straight day, pressing against trendline resistance. Despite its recent recovery, the Aussie maintains a bearish profile. This article looks at AUD/USD’s key technical levels worth watching in the coming trading sessions. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from
Samurai ACTS MT4An advanced correlation trading system Samurai is a revised and modernized version of the trading strategy based on the correlation of USDJPY and NIKKEI 225 index movements.The basis of the system is the statement that the national stock market falls with the strengthening of the national currency and rises with its weakening.Long-term study
© Reuters. Neil Phillips, co-founder of Glen Point Capital and former hedge fund chief, is set to face trial next week in New York over allegations of manipulating the foreign exchange market tied to a $20 million transaction handled by Morgan Stanley. The bank’s involvement in the case was disclosed during an indictment revelation amid
Share: With the Chinese Yuan depreciating against the US Dollar, keeping the USD/CNY pinned into yearly highs, economists at Nataxis note that things could continue to deteriorate for the Renminbi as foreign direct investment in China has collapsed recently, sparked by hostility from the Chinese government towards foreign corporate entities and a slumping
CRUDE OIL PRICES OUTLOOK Oil prices soften after Monday’s strong rally. Despite Tuesday’s move, geopolitical tensions in the Middle East create a constructive backdrop for energy markets in the near term. This article looks at oil’s key technical levels to watch in the coming days and weeks. Trade Smarter – Sign up for the DailyFX
Stock markets have stabilised and mostly moved higher overnight, after a largely stronger close on Wall Street. Markets continue to assess the impact of the Israel-Hamas war, but the JPN225 rallied 2.4% on its return from the extended holiday weekend. General uncertainties and fears of an escalation of the conflict weighed on sentiment but strength
Fed’s Waller Fed is determined to bring inflation down to 2% Full speech There is nothing particularly notable in the initial comments, which didn’t directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it is worth concluding by emphasizing an important respect in which
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S AND P 500 & NAS100 PRICE FORECAST: MOST READ: Dollar Index (DXY) Retreats Helping USD/JPY Tick Lower, 145.00 Incoming? US Indices have shrugged off the risk of tone which kicked of trading this week as for the moment at least market participants appear at ease that the conflict in Israel will remain confined. Early
