US Dollar (DXY) Price, Chart, and Analysis The US dollar sheds half a point after the CPI release. Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core
2023 growth seen at 2.44m bpd 2024 growth seen at 2.25m bpd OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut Sees prospects for healthy oil fundamentals in H2 OPEC’s data suggests 2 million barrel a day supply deficit WTI crude is down 58-cents to $83.83. OPEC’s demand assumptions for
Hello traders, Today I spotted two trading setups. My first setup was in GBPJPY M15. It was a well-formed Supply Zone that was formed in compliance with Bearish Trendline. I clicked on the Zone Label and i created two Short Positions. Price started to go deeper inside the zone and i started loosing my confidence
Hello Traders, we had a trade on EURAUD on H1 time-frame that today 08 August 23 the market already moved +5200 Points! In this trade we looked first at green candles from Italo Trend showing that the market is going to trend. The last confirmation of the trend trade were the neon green line of
Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis, Price, and Chart Gold struggles to hold prior support. Silver eyes the 200-day simple moving average. Recommended by Nick Cawley Get Your Free Gold Forecast US Treasury yields turned sharply lower at the end of last week after the latest US Jobs Report showed hiring slowing down in
Inflation in the US is declining. It is a fact. But it still remains above the Fed’s 2% target. If at a meeting in July the Fed leaders, even in the face of declining inflation and approaching its target level, nevertheless raised the interest rate and expressed their readiness to continue the cycle of tightening
The harami price action pattern is a two candle pattern which represents indecision in the market and is used primarily for breakout trading. It can also be called an ‘inside candle formation’ as one candle forms inside the previous candle’s range, from high to low. Here is an example of what a bearish and bullish harami candle
Advantages of Using RSI in Forex The popularity of RSI as a forex indicator is a product of its distinct advantages as a research and evaluation tool. Top benefits of using RSI include: It utilizes a simple mathematical formula. Unlike other technical indicators, the math behind RSI is simple enough that traders could do it by
EUR/USD: Dollar Bulls Disappointed by NFP ● Throughout the past week, leading up to Thursday, August 3, the dollar continued to strengthen its position and build on the offensive that began on July 18. It appears that markets, wary of the global economic condition, have once again turned to the American currency as a safe
Advantages Bollinger Bands are visually easy to interpret They can be used both as a volatility indicator and a momentum oscillator Bollinger Bands can be applied on any underlying asset across any time frame The indicator generates signals that not only provide precise entry levels, but also specify stop loss and take-profit zones Disadvantages Bollinger
