US Dollar Crumbles; Unstoppable Nasdaq 100 Hits Key Level, Defying Gravity

MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,

Detailed Installation Instructions for Boring Pips EA – Trading Strategies – 30 August 2023

Boring Pips is an expert advisor that combines advanced artificial intelligence algorithms with classic trading strategies involving momentum, support, and resistance levels. Despite its advanced technology, simplicity and user-friendliness are maintained. Please find the links attached for more details about the Boring Pips EA: Unlike other trading systems, Boring Pips does not overwhelm users with

Asia FX edges lower as dollar steadies after two-day drop By Investing.com

© Reuters. Investing.com– Most Asian currencies fell slightly on Wednesday with markets remaining risk averse ahead of key economic readings this week, while the dollar steadied after steep losses in the past two sessions. Weak and data saw the dollar pull back sharply from a near three-month high on Tuesday, as markets bet that the

Forex Trading Sessions MT4 Indicator

Forex trading has emerged as a popular investment avenue, allowing individuals to capitalize on the fluctuations in foreign exchange rates. One crucial tool that aids traders in making informed decisions is the Forex Trading Sessions MT4 Indicator. This indicator offers valuable insights into market activity during different trading sessions, aiding traders in maximizing their profits.

US GDP & ADP Fight Head & Shoulders Pattern

STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United

Market Update – August 30 –  Data bring Joy, for now?

Weaker than expected consumer confidence and JOLTS numbers helped diminish Fed rate hike risks which in turn underpinned strong gains in Treasuries, Wall Street & the Asian stock market today as the markets clawed back some of the hefty losses in August also on speculation that the Fed is nearing the end of the tightening

US pending home sales for July +0.9% versus -0.6% estimate

US pending home sales has back to back gains Prior month 0.3% revised to 0.4% Pending home sales for July 0.9% versus -0.6% estimate Pending home sales index 77.6 vs 76.8 last month. The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real

Stubborn German Inflation, US ADP and GDP Lift EUR/USD

German Inflation Proves Stubborn, Narrowly Beating Forecasts Inflation in Germany proved hotter than expected, coming in at 6.1% vs 6% but down from last month’s print of 6.2%. Higher inflation in Europe complicates the ECB’s task particularly after ‘sources’ indicated that the committee is leaning more to the dovish end of the policy spectrum ahead