OIL PRICE FORECAST: Oil Mixed Today Following an Improved European and US session as Sentiment briefly improved. US Rig Count for Week Ended August 18 Drops to 520 from a Previous 525. Technicals Flashing Mixed Signals with Overall Improvement in Sentiment needed for a Sustained Push Higher. To Learn More About Price Action, Chart Patterns
Hello traders, Today I spotted three trading setups and i placed four positions in total. My first setup was in EURJPY M30. It was a well-formed Supply Zone that was formed in within higher timeframe Supply Zone. I clicked on the Zone Label and i created two Short Positions. My first TP Target was at
© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening
Share: Gold price falls back as the focus shifts to the Jackson Hole Economic Symposium. The US Dollar continues to enjoy liquidity amid caution about China’s economic outlook. United States August economic calendar could have a significant impact on the Fed’s September monetary policy meeting. Gold price (XAU/USD) surrenders gains and slips back below
In the fast-paced world of financial trading, tools that aid decision-making are paramount. Among these tools, the Chandelier Exit MT4 indicator stands out as a valuable asset for traders seeking to manage risk and enhance their trading strategies. In this article, we will delve into the depths of the Chandelier Exit MT4 indicator, exploring its
Gold Price (XAU/USD) Analysis, Price, and Chart Gold may struggle to break back above $1,900/oz. ahead of the Jackson Hole Symposium. Robust US Treasury yields are reinforcing the US dollar. Recommended by Nick Cawley How to Trade Gold Gold remains at lows last seen in mid-March and faces further potential losses if Fed chair Jerome
APAC stocks traded mixed as the disappointment from China’s decision on its Loan Prime Rates overshadowed its recent support efforts; Hong Kong underperformed. PBOC opted for a narrower-than-expected cut to the 1-year LPR alongside a surprise hold on the 5-year LPR, which is the reference rate for mortgages. PBOC and regulators met with bank executives
Headlines: Markets: CAD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 4.9 bps to 4.298% Gold up 0.3% to $1,893.79 WTI crude up 1.3% to $82.30 Bitcoin flat at $26,081 It was a relatively quiet session as markets get settled into the new week. The
British Pound, GBP/USD, Descending Channel – Technical Update: British Pound transitions into sideways price action Daily chart reveals bearish Head & Shoulders pattern 4-hour timeframe has key moving averages in focus Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound consolidated against the US Dollar this past week despite GBP/USD confirming a
GBP PRICE, CHARTS AND ANALYSIS: For your Free Forecast Guide to Q3 on the GBP, Download It Below Now Recommended by Zain Vawda Get Your Free GBP Forecast Read More: US Dollar Forecast: Will Fed Chair Powell Inject Further Momentum at Jackson Hole? GBP held its own last week against its G7 peers with expectations
