Seasonal trading, a strategy rooted in historical patterns, has gained popularity among investors seeking to maximize their returns. In this article, we will explore the world of seasonal trading, its principles, and how you can harness these patterns to your advantage. Understanding Seasonal Trading Seasonal trading is the practice of buying and selling financial instruments
In the latest development in the currency market, the experienced a dip from 151.70 to under 151.20 following hinted intervention by Japanese officials. Officials Kanda, Suzuki, and Matsuno expressed their concern against “one-sided,” “speculative,” and “disorderly” movements, which led to this shift. Following this, the AUD and NZD rebounded after initial depreciation against the USD.
EUR/USD, NASDAQ 100 OUTLOOK: The Fed’s interest rate announcement will take center stage on Wednesday A dovish monetary policy outlook could spark a rally in risk assets and weigh on the U.S. dollar. A hawkish outcome would have the opposite effect In this article, we scrutinize key technical thresholds for observation on the Nasdaq 100
The XAU/USD rate fluctuates around $1,987 – the July high was formed around this price. And having overcome it, the market stabilized, as evidenced by the ADX indicator, which dropped to its minimum for the month. Gold is up about 9% in three weeks on war fears. Moreover, if we take the year 2023, then
Market Cycles is a unique proprietary indicator that uses a neural network to determine the current market phase. For training, the neural network uses cyclic (reversal) patterns. Currency markets tend to cycle from bearish to bullish periods and back again. In this product, we combined patterns from four timeframes (M5, M15, M30, H1), which allowed us
UPCOMING EVENTS: Monday: Australia Retail Sales. Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data. Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job
Geopolitical and economic news flow stayed elevated this week, with both good and bad developments keeping price action mostly in a range. The War premium faded a bit early on as major escalation from Israel was pushed back through Thursday, and traders still had plenty to worry about with global growth, inflation and interest rate
Share: Mexican Peso extends its gains and is set to finish below the 18.12 mark. Mexico’s trade deficit widens, but Peso holds gains amidst flight to safety in markets. US inflation data justifies higher interest rates, but the market is skeptical of the Fed raising rates past the current range. Mexican Peso (MXN)
© Reuters. JPMorgan strategists are holding off on purchasing Turkey’s longest-maturity lira bonds until yields reach 35.7%. The team’s decision comes in response to the Central Bank of Turkey’s recent actions, which have driven the 10-year lira bond index to a record-high yield of over 29%. The Central Bank’s measures include a significant 500 basis
© Reuters. Argentina’s presidential candidate Sergio Massa addresses supporters, as he reacts to the results of the presidential election, Argentina October 22, 2023. REUTERS/Mariana Nedelcu By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – A surprise first place for Argentina’s ruling Peronists in a general election on Sunday could calm market fears about a
