In the ever-evolving world of forex trading, staying ahead of the curve is essential. Traders are constantly seeking tools and indicators that can provide them with an edge in the market. One such tool that has garnered attention is the ADR Order Block Finder MT4 Indicator. In this article, we will delve into the world
Aussie Dollar (AUD/USD, AUD/JPY) Analysis • RBA minutes: Anchor inflation expectations while the cash rate is comparatively low • AUD/USD retreats off intraday high and 200-day SMA – watch for further USD weakness • IG client positioning narrows but recent changes favor upside potential RBA minutes: Anchor inflation expectations while the cash rate is comparatively
The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dipped to -0.40% in October from -0.38% in September. Says WPAC: Economy set to remain stuck in ‘low growth rut’ well into next year. Range of
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has been stuck in a range since the beginning of November with the recent drop in Oil Prices coinciding with US Dollar weakness keeping the pair rangebound. Many had hope Canadian inflation may bring the recent malaise in USDCAD to
O dollar operated at a high this session, recovering after a strong fall yesterday, with weakness in the euro and the pound after weaker than expected data in Europe, supporting the expectation of an end to interest rate hikes by the region’s central banks. The DXY index, which measures the dollar against a basket of strong currencies,
© Reuters. The euro fell sharply against the British pound on Tuesday, trading near a low of 0.8700 after officials from the Bank of England delivered hawkish remarks during a UK Parliament testimony. The central bank’s unified policy stance against persistent inflation and warnings about increasing inflation pressures in the coming years contributed to the
Share: During the Asian session, the Australian Westpac Leading Index is due, and RBA Governor Bullock is scheduled to speak again. Later in the day, the focus turns to US data ahead of the Thanksgiving holiday, which includes Jobless Claims, Durable Goods Orders, and the University of Michigan Consumer Sentiment survey. Here is
US DOLLAR, EUR/USD KEY POINTS POST FOMC MINUTES: MOST READ: Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark? The US Federal Reserve released the minutes of the November FOMC meeting a short while ago with no real surprises and a rather subdued market reaction. This shouldn’t come as a surprise
South Africa is grappling with economic challenges, marked by persistent power outages, social unrest, and structural constraints hindering growth. The latest data from Statistics South Africa shows a 1.2% quarter-on-quarter GDP growth in Q2 2023, driven by mining, finance, and trade, while agriculture, manufacturing, and construction contracted. Year-on-year, GDP contracted by 17.2% in Q2. Inflation,