A Friday afternoon is no time for a breakout but oil is going to be in focus next week, especially if the US dollar continues to retreat. The big level to watch is $83.53. If that breaks, we’re at the highest since November. On the CPI front, year-over-year gasoline prices are now ticking higher in
Share: Early Friday morning in Asia, the Washington Post (WaPo) quotes anonymous US Officials familiar with the matter while stating the White House’s (WH) decision to bar Hong Kong’s (HK) top government officials, including Chief Executive John Lee, from attending November’s Asia-Pacific Economic Cooperation (APEC) leaders’ summit in San Francisco. The news also
Introduction Do you take most of your time trying to open multiple orders at once? Is it an easy task for you to manage multiple trading positions? How do you close multiple open positions in your trading account at once? Are you missing the perfect trade entry because of this? Look no further, If you
EUR/USD: FOMC Protocol Dropped the Dollar ● Last week ended quietly: the US celebrated Thanksgiving. But its first part was marked by the weakening of the dollar, as a result of which EUR/USD rose by more than 200 points, from 1.0222 to 1.0448. It has risen above its 200-day moving average (SMA) for the first
EUR/USD: The Pair Is at a Crossroads ● We wondered at the beginning of the last review if the dollar rally had come to an end. Let us recall that the US inflation data published on November 10 turned out to be significantly better than both previous values and forecasts. Core consumer inflation (CPI) rose
Hey traders, in this blog, I will explain to you a simplified strategy inspired by ICT – Inner Circle Trader.We will focus on external range liquidity raids manipulations of the previous Day’s Highs/Lows only! I will describe exactly step-by-step what you should do to be profitable. Once you learn to stick to this trading model and risk
EUR/USD: Is the Dollar’s Growth Over? ● Has the dollar rally come to an end? The answer to this question sounds more and more affirmative day by day. The reason for the weakening of the US currency lies in the interest rate of the Fed. This, in turn, depends on the state of the labor
EUR/USD: Slower, Longer, Higher ● Overall, last week passed, as predicted, without any majorsurprises. The main event was the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve on Wednesday, November 2, at which it was unanimously decided to raise the key rate by 75 basis points (bp) to 4.00%. This is the
EUR/USD: Is the Interest Rate Race Close to Its End? ● EUR/USD grew until Thursday, October 27, and even rose above the landmark level of 1.0000, reaching 1.0092. The reason for this, most likely, was the hope of a number of investors that the ECB would raise the rate not by 0.75, but by 1.0
