High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 16 to 20, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and H4
Today marked the fifth day in the past six of declines. The past three have been particularly bruising and we closed on the lows again today. Closing changes on the day: Stoxx 600 -1.3% German DAX -1.6% UK FTSE 100 -1.3% French CAC -1.4% Italy MIB -1.4% Spain IBEX -1.2% On the week: Stoxx 600
Share: The AUD/NZD saw firm gains on the week, Aussie gains nearly 1.3% from Monday opening bell. Kiwi drastically underperforms its closest neighbor, gives up most of its gains from September’s late jump. Aussie touched a fresh one-month high ahead of Friday’s market close. The AUD/NZD finished up a strong trading week with
Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday, but
MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct) TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs WED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct) THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3) FRI: CBR Announcement, Japanese Tokyo CPI
The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and the quickest of the three – see blue line on the chart below). The point is that buyers had their shot once again and the hurdle was the easiest this
It has been a negative week for the major US stock indices, as rates moving higher, geopolitical tension, and dysfunction in Washington. That dynamic does not seem to be going away anytime soon. However next week we get a slew of corporate earnings with something for everyone. A total of 4 of the “Magnificent 7”
Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in the
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