The XAU/USD advance was held down by strong US ISM PMIs

Share: XAU/USD rose to a daily high of $1,952 and then got rejected by 100-day SMA, retreating to $1,940. US yields initially dropped after mixed US NPFs but recovered after strong US ISMs from August. At the end of the week, the Gold spot price XAU/USD erased daily gains, retreating towards the $1,940

Goldman Sachs: The rationale For staying short EUR/CAD targeting 1.42

EURCAD daily Goldman Sachs maintains its recommendation for a short position in EUR/CAD with a target of 1.42 and a stop at 1.50. The rationale behind this trade is largely based on the resilience of the U.S. economy and the potential for upside in the Bank of Canada’s monetary policy. Key Points: Strategic Focus: Goldman

Asia FX treads water between mixed China PMIs and Fed pause bets By Investing.com

© Reuters. Investing.com– Most Asian currencies moved little on Thursday as markets weighed weak economic data from China against growing bets that the Federal Reserve will pause its rate hike cycle. The dollar steadied in Asian trade after steep losses this week, as weaker-than-expected and data spurred bets that the Fed has limited headroom to

AUD/USD declines to 0.6450 as the USD recovers

Share: AUD/USD retreated below the 20-day SMA towards 0.6450. The August NFP report from the US sent mixed signals from the US labour market. The Greenback benefited from higher-than-expected ISM PMIs. In Friday’s session, the USD initially dropped and found support at the 20-day Simple Moving Average (SMA) of 103.30 but then managed

Donchian Channel MT4 Indicator – ForexMT4Indicators.com

In the fast-paced world of financial markets, traders are always seeking tools that can help them make informed decisions. The Donchian Channel MT4 indicator is one such tool that has gained popularity among traders for its ability to identify trends and potential breakout points. In this article, we will delve into the details of the

Hang Seng, CSI 300 Price Setups

HANG SENG, CSI 300 Index- Outlook: China manufacturing activity improved in August. The CSI 300 index and the Hang Seng Index have yet to witness material strength. What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi The Fundamentals of Trend Trading The improvement in China’s manufacturing activity is