© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File photo By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the
In the fast-paced world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained immense popularity among traders is the Forex Signals MT4 Indicator. In this article, we will delve into the world of forex signals, explore what the MT4
A single mistake could spell the difference between winning and losing a trade. This is why it’s important that you develop the habit of thoroughly planning your orders. Here are four steps you can follow to build good ordering habits: 1. Identify your entry, stop loss, and profit levels I won’t go into the “whys”
EUR/USD: Will the Pair Reach 1:1 Parity? ● Throughout 2023, the U.S. economy has effectively withstood aggressive interest rate hikes. The market-anticipated recession has yet to materialize, allowing the Federal Reserve to maintain its hawkish monetary stance. This has led to a sharp increase in Treasury yields and significant strengthening of the U.S. dollar. The
© Reuters. In a significant development for the Indian economy, Finance Minister Nirmala Sitharaman announced on Thursday that the country has been included in JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM) from June 28, 2023. This inclusion is expected to stimulate a substantial $23 billion forex inflow. The minister revealed that 23 Indian bonds under
© Reuters. The Reserve Bank of India (RBI) has stepped into the forex market this Wednesday, potentially employing a Sell Buy Swap strategy to stabilize the rupee, which has been under pressure due to soaring US Treasury yields. This move comes as the US Treasury yields reached a peak of 4.88%, according to information released
© Reuters. FILE PHOTO: A Taiwan dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo TAIPEI (Reuters) -Taiwan’s central bank will intervene in the foreign exchange market if there are “extreme” fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. With the island’s export-dependent economy facing headwinds
Before we get into October, let’s take a look back at how the seasonals did in September. At the end of August, I highlighted some trends in the month, including weakness in the S&P 500 and MSCI world index. Ultimately, both stuck to the seasonal script. Another one I highlighted was yen weakness (USD/JPY rose
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a
EUR/USD: Correction is Not a Trend Reversal Yet ● The dynamics of the EUR/USD pair in the past week were atypical. In a standard scenario, combating inflation against the backdrop of a strong economy and a healthy labour market leads to an increase in the central bank’s interest rate. This, in turn, attracts investors and
