Mexican Peso sellers flex muscles, 17.20 in the spotlight

Share: USD/MXN struggles to defend two-day winning streak ahead of Fed Minutes. Impending bull cross between 50-HMA and 200-HMA joins firmer RSI (14) line to favor Mexican Peso sellers. Pair seller need dovish remarks in FOMC Minutes, clear break of 17.00 to retake control. USD/MXN retreats to 17.35 as bulls struggle to keep

Lucky Reversal MT4 Indicator – ForexMT4Indicators.com

In the world of forex trading, having a reliable indicator can make all the difference in achieving successful trades. One such indicator that has gained attention is the Lucky Reversal MT4 Indicator. This article dives into the details of this indicator, its features, benefits, and how it can enhance your trading strategy. In the fast-paced

Event Guide: Australia’s Employment Report (July 2023)

Will this week’s Australian jobs numbers convince the Reserve Bank of Australia (RBA) to hike rates again? Here are major points you need to know if you’re planning on trading Australia’s labor market report this week: Event in Focus: Australia’s April Employment Data: Employment Change, Unemployment Rate When Will it Be Released: August 17, 2023

More from the RBNZ: Estimate of nominal neural cash rate has increased 25bp

Minutes from the Reserve Bank of New Zealand meeting: Committee noted inflation is still expected to decline within the target band by the second half of 2024 Committee agreed that the risks around the inflation projection remain balanced Committee noted that the estimate of the nominal neutral OCR has increased by 25 basis points to

Japanese Yen Losing Streak Showing Signs of Exhaustion, Will USD/JPY Cave?

Japanese Yen, USD/JPY, Fading Momentum – Technical Update: The Japanese Yen continues to weaken against the US Dollar Daily and 4-hour timeframes show signs of fading momentum Still, it will take much to overturn the USD/JPY bullish bias Recommended by Daniel Dubrovsky What is the outlook for the Japanese Yen? The Japanese Yen continues to

Higher US Yields, Dollar Send Gold to 6-Week Low

Gold (XAU/USD) Analysis Gold sinks as yields and strong US economy weigh on the metal Gold selloff picks up steam after confluence resistance tag GLD outflows pick up as gold price heads lower The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive

Argentina peso faces tough road ahead as bearish bets ramp up By Investing.com

© © Reuters. Javier Milei em Buenos Aires 13/8/2023 REUTERS/Stringer Investing.com – The faces a tough road ahead, ING warned Tuesday, as the recent shock primary election victory for Argentina’s far-right presidential candidate Javier Milei throws the country’s political and economic future into doubt.  Far-right libertarian economist Javier Milei, who wants to scrap wants to

Slumps below 94.00 after reaching weekly highs nearby 95.00

Share: AUD/JPY faces resistance from Tenkan and Kijun-Sen lines, currently trading just above at 93.93. Downside potential targets include the bottom of the Ichimoku Cloud at 93.45 and the 93.00 psychological level. On the upside, reclaiming 94.00 could see challenges at the August 15 high (94.86) and the Kumo top near 95.00/05. The