Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, DAX40: Analysis and Charts FTSE 100 continues to be side-lined The FTSE 100 still range trades below its 55-day simple moving average (SMA) at 7,506 following the chancellor’s autumn statement which despite promising significant tax cuts leaves the UK tax burden at the
Please note that this is not financial advice! Let’s start with a hard truth, ALL grid based systems eventually end in a margin call / blown accounts. It can happen tomorrow or it can happen in 10 years from now. It really depends on the market. No algorithm, no matter how sophisticated, can with 100% certainty predict how the
The Australian Dollar edged slightly higher against the US Dollar today, trading between 0.6550 and 0.6570, marking a slight increase of 0.02%. This modest uptick comes despite concerning indicators of an economic downturn in Australia. The Judo Bank Manufacturing Purchasing Managers’ Index (PMI) has reached a multi-year low, dropping to 47.7. Similarly, the Services PMI
Share: On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day’s fix of 7.1212 and 7.1440 Reuters estimates. Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%. 352 billion Yuan
In the world of forex trading, staying ahead of the curve is essential. To make informed decisions and maximize profits, traders rely on a myriad of tools and indicators. One such tool that has gained popularity in recent years is the MTF (Multi-Timeframe) Fractal MT5 Indicator. In this article, we will delve into the intricacies
DXY, EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS: Most Read: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Recommended by Zain Vawda The Fundamentals of Trend Trading US DOLLAR FUNDAMENTAL BACKDROP The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Japanese Yen (JPY) Analysis and Charts • USDJPY retreat has slowed into the Thanksgiving Break • Latest Fed Minutes were seen as hawkish • Japanese inflation numbers come as BoJ policy is in focus Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen was very modestly higher against the United States Dollar
