Edge-Zorin2

  In this article, we have covered the highlights of global market news about the Oil prices pause , U.S. bond rates , declination of the Dollar , Hong Kong Hang Seng index , and dropping of Dow Jones. Oil prices pause after a three-day surge. Brent oil prices for August fell 61 cents, or 0.5 percent, to $117.37 a barrel, erasing an earlier gain, while U.S. West Texas Intermediate (WTI) crude futures were down 44 cents, or 0.4 percent, to $111.32 a barrel. Hiroyuki Kikukawa, general manager of research at Nissan Securities, says, “oil prices will probably linger over $110 a barrel, particularly on fears of possible supply interruptions due to storms as the United States approaches the summer.” Read More... FOREX MANAGED ACCOUNT   #news

  Fears of a worldwide recession and rising inflation in Argentina raise investor concerns about probable defaults, failed IMF objectives, and political turmoil. Soaring pressure on the peso and a hefty energy import bill prevent the South American nation, a prominent worldwide exporter of soybeans, maize, and wheat, from building essential dollar reserves. Inflation in Argentina is expected to hit 70 per cent by the end of the year, putting the economy in danger. The interest rate has been raised to 52 per cent to prevent investors from selling peso assets. One of the leading economists in Argentina, Vctor Beker, says that he fears that the government may be forced to restructure its debts since it is becoming more difficult to renew all maturities. Read More... EDGE-FOREX  #news 

Analysts do not see many encouraging signals to support a cryptocurrency boom. This article guides you through the news and highlights the day’s cryptocurrency market. On Monday afternoon, Bitcoin (BTC) was trading at about $20,800, giving up some of its previous week’s gains. The biggest cryptocurrency by market capitalization is maintaining its position above the crucial $20,000 threshold, but experts are pessimistic about the chances of a long-term uptrend. Read More... FOREX MANAGED ACCOUNT    

  In this article, we have covered the highlights of global market news about the G-7′s infrastructure funding plan, Russian gas pipelines, European & Asian Markets, and the decline of stock market index futures. G-7′s infrastructure funding plan The Partnership for Global Infrastructure and Investment was officially inaugurated Sunday by the United States and the other G-7 countries, including Canada, Germany, and Japan. In the next five years, it plans to fund around $600 billion for international infrastructure projects in underdeveloped nations. Read more... EDGE-FOREX   #news

  The Turkish lira oscillates with a new lending prohibition that will impact thousands of businesses. After the country’s banking authority declared a prohibition on lira loans to enterprises holding what is considered too much foreign currency , Turkey’s currency, the lira, experienced a much-appreciated boost on Monday and the prior Friday. The lira had gained around 8% in only two days by the time trade opened on Monday in Istanbul; it was trading at 16.01 to the dollar, up from Thursday’s closing of 17.35. However, by late Monday afternoon, it had partially reversed those gains, dropping slightly to 16.5 liras for every dollar after oscillating between 16 and 17 liras. The actions show that investors have mixed feelings about the new loan ban, which states that for corporations in Turkey to obtain commercial lira loans, they must sell a sufficient amount of their foreign exchange to purchase lira. This helps support the struggling currency, which has lost abou...

In this article, we have covered the highlights of the most important news about the Gold Price range-bound market, the Russia Default, Crude oil declining, and the U.S. Dollar this week. Gold Price Range-Bound The gold price has been stuck in a range of US$ 1,807 – 1879 for the last five to seven weeks as rising interest rates, and inflation fears are weighing against the supposed safe-haven status of the precious metal. The majority of global central banks are raising Gold Price rates, at a rate not seen in generations. It is to fight rapidly increasing inflation rates, and reverse the rather accommodating monetary and fiscal policy, indicating the long-term higher “Gold Prices” . There is hardly any doubt that supply shocks have more than added to the fast Gold price hikes, with consumers running short of money fast to cope with the rising inflation. Read More... FOREX MANAGED ACCOUNT      

  The goal of Multi-Time Frame Analysis is to “see the forest through the trees” – before entering a trade based on a given setup, you should always have a broader view of where the market is in relation to trend. By examining price action in different timeframes, we can identify potential entry points within a given price advance / decline and assist in timing these moves.  Multi-time frame analysis (also known as multiple time frame analysis) enables traders to focus on trade timing and helps identify when trends may be reaching exhaustion. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #caution #multiframe #leverage #analysis #chart #trend #forest

  The Canadian dollar was trading 0.1 percent lower at 1.2930 to the US dollar, or 77.34 cents, having recovered some of its earlier losses.  The Bank of Canada raised its policy rate to 1.5 percent from 1.0 percent earlier this month, its second consecutive overshoot, and stated that it would act “more forcefully” if necessary to contain price increases.  Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, stated on Wednesday that inflation in Canada is far too high and did not rule out a 75-basis-point increase at the central bank’s July decision. Read More... EDGE-FOREX #edgeforex #forextrading #forexsignals ##rate #canada #inflation #dollar #economy #expansion #losses #governor    

  S&P 500 Last week was the worst for US stocks since March 2020, but all of those losses were erased this week. As last week’s big drop is erased, the S&P 500 closes at all-time highs. Excellent stock market recovery On the day, the S&P 500 gained 3.0 percent, the Nasdaq gained 3.2 percent, the Russell 2000 gained 3.0 percent, and the DJIA gained 2.6 percent. S&P 500 -6.4 percent, Nasdaq -7.5 percent & DJIA -5.4 percent Read More.. FOREX MANAGED ACOUNT   #edgeforex #forex #forextrading #forexsignals #oil #equity # stocks #nasdaq #gains #crypto #volatility #downside #range #comparison  

  According to MKS PAMP metals strategist Nicky Shiels, the market is shifting as inflation fears give way to recession fears, with equity investors preferring cash to safe havens like gold.  Gold’s volatility has been low in comparison to other assets, as the precious metal maintains its “mild bull market” status and trades comfortably between $1,800 and $1,900 per ounce. According to MKS PAMP, a gold price rally will not occur until market confidence returns.  There has been unprecedented damage in equities (and other assets) where money has retreated into cash/US$, and less so in safe havens. Confidence must be restored. Read more... EDGE-FOREX   #edgeforex #forextrading #forexsignals #forex #trading #gold #prices #recession #price #index #fed #policy #us 

  EUR/CHF EUR/CHF maintains its gradual decline to parity. EUR/CHF fell 0.3 percent on the day to 1.0085. While the yen stole the show in trading yesterday, the franc has been doing its job steadily since the SNB policy pivot two weeks ago. As previously stated, the change has definitely shaken up the landscape of the major currency bloc and places the franc among the frontrunners given the timing of the surprise and how shaky markets currently appear. The Swiss franc is the best performer today, with USD/CHF falling 0.5 percent to 0.9565, while EUR/CHF is currently testing daily support from the April lows at 1.0088-89. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #eur #chf #dollar #currencies #yields #technical #usd #jpy

  EUR/CHF EUR/CHF maintains its gradual decline to parity. EUR/CHF fell 0.3 percent on the day to 1.0085. While the yen stole the show in trading yesterday, the franc has been doing its job steadily since the SNB policy pivot two weeks ago. As previously stated, the change has definitely shaken up the landscape of the major currency bloc and places the franc among the frontrunners given the timing of the surprise and how shaky markets currently appear. The Swiss franc is the best performer today, with USD/CHF falling 0.5 percent to 0.9565, while EUR/CHF is currently testing daily support from the April lows at 1.0088-89. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #eur #chf #dollar #currencies #yields #technical #usd #jpy 

Many countries complained that the resulting dollar weakness would hurt their trade in a low-growth world and force them to overheat by trying to match the Fed’s easy money in the 10 years after the US Federal Reserve originally set out on bond-paying quantitative facilitating to avert collapse. But that all changed after the Fed’s aggressive move this year to rein in 40-year-high inflation with sharply higher interest rates, a halt to new asset purchases, and a planned rundown of its $8 trillion-plus balance sheet. As a result, the dollar’s index against other major currencies has risen nearly 20% in the last year, leaving US trading partners with the opposite problem of trying to support rather than cap currencies for fear that their weakness would make dollar-priced energy and food imports even more expensive, exacerbating already-high inflation everywhere.  Read More... EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #currency #wars #reverse #weak #infla...

  The rouble’s stunning rise in the months since has been cited by the Kremlin as “proof” that Western sanctions are ineffective.  “The idea was clear: violently crush the Russian economy,” Russian President Vladimir Putin said last week at the annual St. Petersburg International Economic Forum. “They were not successful. Obviously, that did not occur.”  On Wednesday, the Russian rouble reached 52.3 per dollar, its highest level since May 2015. Thursday afternoon in Moscow, the currency was trading at 54.2 per dollar, slightly lower but still close to seven-year highs.  The rouble has become so strong that Russia’s central bank is actively attempting to weaken it, fearing that it will make the country’s exports less competitive. Read More... EDGE-FOREX   #edgeforex #forex #forextrading #forexsignals #rouble #russian #high #forex #balanceofpayments #oil #europe #sanctions 

  US futures US futures are rising, but broader optimism is still lacking. S&P 500 futures are up 7 points, or 0.2 percent, on the day. The earlier sell-off followed dreadful PMI readings from France and Germany, with S&P 500 futures down 28 points, or 0.7 percent, at one point. There was a quick turnaround earlier before some moderation, but we’ve seen a slow increase in the last hour or so. However, markets remain devoid of broader optimism outside of equities. Read More... FOREX MANAGED ACCOUNT  #edgeforex #Forex #Forextrading #forexsignals #futures #equity #stock #optimism #gains #dollar #currencies 

  Bitcoin price is showing signs of exhaustion as it reverses its three-day bullish trend. As a result, Ethereum, Ripple, and other altcoins have taken a step back. Investors can expect this minor retracement to develop into a foothold that bulls will use to extend the run-up in the future.  Bitcoin price falls below weekly open, raising the prospect of a 10% drop to $17,924.  While the price of Ethereum will follow that of Bitcoin and retest the $993 support level. And the Ripple price is facing a third rejection at the $0.336 barrier, with a possible correction to $0.306.  Read More... EDGE-FOREX #edgeforex #forextrading #Forexsignals #forex #trading #bitcoin #ethereum #ripple #crypto #bearish #bullish #trends #upswing #candlestcik 

  Companies are rethinking their hedging strategies in light of the strong US dollar, which is undermining the value of foreign earnings.  The WSJ Dollar Index, which measures the performance of the US currency against 16 others, is up more than 12% from this time last year and more than 8% from the start of the year. This is causing problems for S&P 500 companies, as many of them generate a portion of their revenue — on average about 30% — overseas and consolidate it in the United States. The dollar has risen significantly against other currencies in recent months as weaker global economic growth drives investors to safe havens. The Federal Reserve’s actions to tighten monetary policy and raise interest rates also help the dollar.  Read More... EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #trading #hedging #strategy #risk #tradeoff #dollar #revenue #fed #company  

  Oil Oil continues to fall, now down more than 4% on the day WTI crude falls below $105 It’s not looking good for oil today, as the price is dropping. There is no single cause, but a combination of factors, including profit-taking, may be a plausible explanation for the latest drop since crossing $120 earlier this month. This is bringing some key technical levels into focus. There has been a notable retreat since the most recent jump above $120 earlier this month, but we are now seeing price hit key technical levels, which may cause a bit more of a stir. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forexsignals #forextrding #forex #oil #fall #technical #dollar #fall #usd #jpy #treasuryyields #risk #mood 

  Oil prices and the US dollar typically have an inverse relationship, so when one is high, the other is low, which helps to balance the financial impact on airlines that operate in other currencies.  That correlation, however, has broken down in recent months, with the Ukraine war causing a spike in oil prices at a time when the US is a net oil exporter and the US dollar benefiting from interest rate hikes intended to temper inflation. Global airlines are facing a double whammy from the unusual combination of a strong US dollar and high oil prices, at a time when broad inflationary pressures and labour shortages are also putting pressure on the industry’s recovery from the pandemic. Airlines attending the International Air Transport Association’s annual meeting in Doha this week expressed concern about the rising oil price and the US dollar.  Read More... EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #dollar #oil #prices #yen #airlines #japanese #...

The yen has fallen to more than two-decade lows against the dollar, owing to Japan’s differing views on inflation from its global peers.  A weaker yen can help or hurt the economy, businesses, and consumers. The severity of its decline, however, has raised concerns about the BOJ’s policy and the possibility of government intervention in currency markets.  The main reason is the rise in interest rates in the United States, while Japan’s remain extremely low. As a result, dollar-denominated assets are more appealing to investors seeking higher returns. The yield on 10-year notes has risen above 3%, the highest in years, as traders continue to expect the Federal Reserve to hike interest rates aggressively.  Other factors include the strength of the US economy and labour market, while Japan continues to lag behind its peers in resuming pre-pandemic economic growth. Japan’s trade deficit is also likely contributing to the yen’s depreciation.  Read More... ...

Equities European equities begin the day higher. Stocks remain calm for the time being Eurostoxx +0.5%, Germany DAX +0.5%, UK FTSE +0.1% , CAC 40 +0.4% in France & IBEX +0.5% in Spain The day is off to a slow start, with US futures also pointing higher. However, with a long weekend in the United States, this simply carries over the mood from yesterday. As much as there may be room for a brief respite after last week’s severe selloff, there may be more two-way traffic once Wall Street returns to the fray later in the day. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forex #forextrading #forexsignals #forextrading #equities #european #usd #jpy #currencies #high #rates #resistance 

Trading is a completely psychological game, which is why many experienced, knowledgeable, and skilled traders continue to suffer massive losses in the markets, and some of them remain poor despite years of experience. Because of their undisciplined psychology, if given another chance, they will repeat the same mistakes. Pure stupidity When presented with a complex situation, the stupid person sees only meaningless chaos. Introduce a stupid person to a game, and they will fail to understand the rules, even if they are clearly and repeatedly explained, because they cannot learn, or can only learn slowly. It took AI scientists a long time to realise that intelligence is inextricably linked to learning; they spent years trying to design an intelligent machine before realising it’s better to build a dumb machine that learns quickly.  A stupid person is inexperienced at everything all of the time. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #forex ...

Following a spike to near $123 per barrel last week due to a variety of global factors, crude oil prices fell by as much as 6%, or $11 to $112 per barrel, on June 17. This was a sharp reversal from the steep ascent that followed Russia’s invasion of Ukraine, with global travel opening up and services reviving.  The correction was primarily caused by two factors: new figures for Libyan oil being confirmed at 700,000 barrels per day (bpd) rather than the previously expected 100,000 bpd, and US market turmoil caused by a sell-off in broader risk assets. The Libyan oil minister confirmed this as well, and while the number is still below the 1.1-1.2 million bpd that Libya is capable of producing, compared to the 100,000 bpd production that the market had assumed, this was somewhat bearish news.”  Read more... FOREX MANAGED ACCOUNT #edgeforex #forex #forextrading #forexsignals #oil #crude #selloff #crude #sharply #rise #demad #gas #prices #supply    

    Dollar Better risk appetite causes the dollar to take a step back to begin the week. With equities slightly higher on the day, the dollar remains on the defensive to begin the new week. The gains in stocks are still seen as a bit of a breather after last week’s beating; the greenback is also following suit as it continues to move in a push-pull pattern since the FOMC meeting. USD/JPY continues to huff and puff at 135.00, but a firm breakout is proving difficult. The high in European morning trade was 135.10, but it has since fallen back to 134.60-70 levels. Meanwhile, in choppy trading, the EUR/USD is up slightly to 1.0515, though the 200-hour moving average at 1.0532 is limiting upside price action for the time being. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #forex #dollar #risk #equities #stocks #gains #usd #jpy #divergence #centralbank

  On June 15, the Federal Reserve raised its key interest rate by three-quarters of a percentage point, the largest increase since 1994, and central bankers signalled that they will continue to hike aggressively this year to combat inflation.  Despite this, Bitcoin fell below $20,000 for the first time since December 2020, as evidence of escalating stress in the crypto industry mounts against a backdrop of monetary tightening. Despite the ongoing DeFi crisis, digital assets remain under pressure.  According to Bloomberg data, the largest token by market value fell more than 9% to $18,740.52 by early morning in London on Saturday, marking a record-breaking 12th consecutive day in the red. Ether surpassed $1,000 before falling nearly 11% to $975.24, its lowest level since January 2021. Bitcoin has fallen for the past 12 days as investor anxiety grows.  Read More... FOREX MANAGED ACCOUNT   #edgeforex #forexsignals #forextrading #forex #cryptocurrency #b...

US stocks US stocks end mixed. For the duration of the week, The major US stock indices have posted mixed results for the day The Dow Jones Industrial Average is down 38.31 points, or 0.13 percent, to 29888.79. The S&P 500 is up 8.09 points, or 0.22 percent, to 3674.85. The NASDAQ is up 152.26 points, or 1.42 percent, to 10798.36. The Russell 2000 index is up 15.85 points, or 0.96 percent, to 1665.69. Major indices are down for the third week in a row The Dow was down -274 points at the session lows Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #trading #forex #stocks #average #indices #week #buyers #bearish #fed   

  The Federal Reserve approved its largest interest rate hike in more than a quarter-century on Wednesday to stem a surge in inflation that U.S. central bank officials acknowledged may be eroding public trust in their power and is being driven by events that appear to be increasingly beyond their control. The Fed’s hawkish commitment to controlling inflation has already triggered a broad tightening of credit conditions, which is being felt in the US housing and stock markets, and is likely to slow demand throughout the economy – as the Fed intends.  The move raised the target federal funds rate by three-quarters of a percentage point to a range of 1.5 percent to 1.75 percent, which is still low by historical standards. Officials also anticipate steady rate increases through the rest of the year, possibly including additional 75-basis-point increases, with a federal funds rate of 3.4 percent at the end of the year. That would be the highest level since January 200...

  Equities European equities begin the day slightly higher and the top forex news included a volatile yen and a weaker Euro. Eurostoxx +0.2%, Germany DAX +0.4% & UK FTSE +0.2% Stocks are looking for a light bounce after yesterday’s heavy selloff. • CAC 40 +0.4% in France • IBEX +0.2% in Spain Despite a brief respite – for the time being – equities have had a rough week in general. The Nasdaq is set to fall below its 200-week moving average, making things even worse for US indices. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #trading #equities ##european #nasdaq #bonds #yield #ecb #dollar 

Risk Management  Stringent risk management parameters are in place to keep your trading edge profitable and keep you fighting another day; small risk-per-trade, overall account management, sticking to stop losses, and so on are part of your trading wisdom.  Risk management is a sure-fire way to significantly reduce the stress that trading can cause, allowing for more objective decision-making. Trade too small than too big It is best to find a happy medium in which your trading size is large enough to allow you to make substantial profits and keep you engaged in the trading process, but not so large that it interferes with your ability to maintain objectivity and discipline, and, of course, puts you at risk of a catastrophic loss. Remember that everyone has a different risk tolerance – trade with the risk that you are comfortable with.   Read More... EDGE-FOREX   #edgeforex #forex #forextrading #forexsignals #concrete #trading #wisdom #strategy #risk #cyc...

No community, in the past or now, was totally self-sufficient, and money enabled individuals to communicate with other communities. In reaction to unique social and political contexts, people used various forms of currency to mobilise resources, decrease risks, and develop alliances and friendships. The abundant and near-universal evidence of exotic commodities transportation across varied locations inhabited by people who were independent of one another – from hunter-gatherers to pastoralists, farmers, and city dwellers – demonstrates the importance of currency as a unifying force. It’s as if there was a universal language that everyone could understand. For example, the effective global trade, Americans from the Early Formative Period, which lasted from 1450 to 500 B.C., utilised obsidian, mother-of-pearl shell, iron ore, and two types of pottery as currency to trade across the Americas. Between 700 and 1450 A.D., the Maritime Silk Road commerce joined Europeans, Asian...

Sterling GBP/USD climbs back up from 1.2040 to 1.2175, testing its 100-hour moving average once more as traders digest the BOE decision. The BOE may be taking a more gradual approach for the time being, but money market bets on a more aggressive push by the central bank are not abating. With only four policy meetings remaining this year, traders are increasing their bets that the BOE will raise interest rates to 3% by the end of the year. To put it another way, that’s at least seven 25 basis point rate increases. This alludes to traders expecting a more aggressive BOE in September and October, i.e. at least 50 basis point rate hikes in both meetings. The pricing is causing a bit of a reversal in the pound, with cable recovering to test its 100-hour moving average (red line) at 1.2160 on the day. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forex #forextrading #forexsignals #sterling #gbp #usd #ecb #treasury #yields #drop #currency 

  You occasionally come across a dirty, tattered dollar bill that appears to have been around since the dawn of time. Without a doubt, it hasn’t, yet the history of humans using cash currency dates back 40,000 years. Beginning in the Upper Paleolithic, when groups of hunters exchanged for the best flint weapons and other artifacts, scientists have traced exchange and commerce through the archaeological record. People used to barter, establishing direct deals between two parties in exchange for valuable items. Money arrived later. Its appearance has changed throughout millennia, progressing from natural things to coins, paper, and finally digital equivalents. Humans have historically used currency as a means of commerce, a method of payment, a standard of worth, a store of wealth, and a unit of account, regardless of the format. We are interested in how money arose in human civilization – and what these archaeological finds might tell us about commerce and contact be...

Crypto and NFTs, come under the “100% bigger fool theory” as Bill Gates stated the co-founder of Microsoft. “Expensive digital photographs of monkeys,” Gates remarked, alluding to Bored Ape NFTs, will “better the world greatly.” The tech mogul stated that he is “not interested” in cryptocurrency and that he is “neither long nor short any of those things”. Cryptocurrencies and non-fungible tokens do not attract Bill Gates. At a TechCrunch event on climate change on Tuesday, the millionaire Microsoft co-founder described the phenomena as “100% based on greater fool theory,” referring to the idea that overvalued goods will appreciate in value if enough investors are prepared to pay more for them. In reference to the much-hyped Bored Ape Yacht Club NFT collection, Gates remarked that “expensive digital photographs of monkeys” would “better the world greatly.” Read More... EDGE-FOREX   #edgeforex #forexsignals #forextrading #forex #cryptocurrency #ethereum #NFTs #bitcoin #...

  Inflation Japan’s Prime Minister, Yoshihiko Kishida, expects BOJ to continue efforts to meet the price target. Kishida reiterates that the Bank of Japan is in charge of monetary policy. Kishida’s material is pretty much the same as before. The BOJ is more concerned about 10-year JGB rates deviating from its implicit cap of 0.25 percent at the moment. The yen may be getting some relief on the day as the dollar loses some of its gains and Treasury yields fall ahead of the Fed meeting. However, if the BOJ continues to throw everything at the yield curve in order to keep it under control, it’s hard to see yen advances as much more than a blip on the radar. Read More... FOREX MANAGED ACCOUNT   edgeforex #forexsignals #forextrading #forex #oil #covid19 #dollar #AUD #USD #JPY #Oil #US #Inflation #Bull #Bear 

On Monday, Treasury rates jumped the most in two days in decades, rattling global assets in one of the clearest indicators yet that the age of easy money is coming to an end. Even just a few days ago, global markets soared through milestones that appeared impossible. Three-year US Treasury yields rose, finishing the largest two-day increase since 1987. The S&P 500 entered a bear market after losing more than 20% from its January high. The gap between Italian and German benchmark rates, a major risk indicator in the eurozone, has widened to its biggest level since May 2020 and a measure of the currency hit its greatest level since the coronavirus pandemic began. It all started with worse-than-expected US inflation data last week, which highlighted the Federal Reserve’s stark decision between fighting stubborn pricing pressures with aggressive interest-rate hikes or crashing the economy. This gained added significance on Monday with reports that the Federal Reserve coul...

  The Consumer Price Index Report released on Friday sent financial markets into a panic. The annual rate of 8.6% was a new multi-decade high, delivering a body blow to economists who thought inflation expectations had ended. Investors now believe the Federal Reserve will have to tighten policy even more aggressively. Both bonds and stocks were down at the end of last week’s trade. The precious metals markets, on the other hand, improved. On Friday, gold recovered, while silver, which had been behind of late, managed to make a tiny gain. The price action in the mining sector was far more impressive (and perhaps more revealing). First Majestic (AG), Pan American Silver (PAAS), and Hecla Mining (HL) were the top silver producers on Friday, with gains of 6.6 percent, 5.9 percent, and 7.4 percent, respectively. The precious metals sector, which includes mining stocks as proxies for gold and silver, is proving to be a safe haven for investors. Naturally, no mining business...

  Dollar The dollar rises as stock market gains fade. Risk appetite has been sapped in European morning trade, as European indices have gone negative and US futures are now just staying afloat. Dollar bids have returned, and the dollar is now trading higher against the pound, loonie, Aussie, and kiwi, after some minor losses earlier. For the first time since May 2020, cable has dipped below 1.2100: The dollar’s earlier dip has little technical significance and is more due to the market needing a break. Risk, on the other hand, is showing signs of concern again, making the greenback easy pickings. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forexsignals #forextrading #forex #crypto #dollar #technicals #interest rates #RBA #coinmarketcap #Risk #Break #Goldman sach 

  The cost of insuring against Turkey’s government defaulting on its debt in the next five years has risen to its highest level in nearly two decades. On Monday, credit default swaps hit an all-time high of 870 basis points, highlighting investor fears over the lira’s worsening depreciation and the government’s reliance on unconventional monetary policies to keep it afloat. The increase pushed CDS contracts above the levels seen during the global financial crisis of 2008 and all the way back to 2003 when Recep Tayyip Erdogan was elected Prime Minister of Turkey. The yield on the country’s 10-year dollar bonds hit an all-time high of 10.6 percent on Monday as a result of rising CDS pressure. Read More... EDGE-FOREX  #edgeforex #forexsignals #forextrading #forex #lira #crisis #dollars #CDS #banks 

  Bitcoin, the largest and most popular cryptocurrency, has dropped to $24,000, while almost all altcoins, beginning with Ethereum, have been losing value since the weekend.  Ethereum is trading at around $1238, its lowest level in more than 14 months. Solana also has dropped by more than 15% and is now trading around $27. Today, cryptocurrency markets hit a new low. The global market cap has dropped to $1.02 trillion from $1.10 trillion yesterday, and nearly every top coin is now worth half or less of their all-time highs.  The immediate cause of the crypto crash appears to be a massive sell-off by investors in response to rising inflation fears. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #fed #crypto #bitcoin #ethereum #global #market #crash #rsi #prices 

  FX option FX option expires on June 13th at 10 a.m. in New York. A glance at what’s on the board for today On days like these, sentiment is everything, therefore expiries aren’t as important. In any case, there aren’t any major expiries on the horizon for today, so the technicals and the overall market attitude will continue to rule the day. Once again, be mindful of the lack of major expiries near and around the 135.00 level for USD/JPY. This generates “air pockets” for the couple on each side of the central figure once more. Read More... FOREX MANAGED ACCOUNT #edgeforex #forexsignals #forextrading #forex #crypto #bonds #dollar #technicals #break #bank #ecb #currency 

  Gold reaches weekly highs despite rising yields. Following the release of the US May CPI report, XAU/USD fell to $1824, the lowest level in three weeks, as Treasury yields rose.  Gold broke above $1850 and gained strength after moving sideways in a wide range.  Technical factors, as well as the yellow metal’s likely reaction to inflation, are driving up gold prices. Bears appear to be capitulating in the short term. Gold is rallying even as the dollar and US yields are rising. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #forex #gold #inflation #yield #high #strength #resistance #xau #usd 

 Indices The major indices have experienced their worst week since January. The NASDAQ index is down -5.6 percent. The higher-than-expected CPI reversed premarket stock gains, sending the major indices lower. A drop in Michigan consumer sentiment did not help the overall mood. The weekly percentage declines in the Dow, S&P, and NASDAQ were the worst since January 21. The Dow Jones is down 10 of the last 11 weeks. The NASDAQ and S&P are down 9 of the last 10 weeks. All 11 S&P sectors fell. Consumer discretionary was the worst performing sector, falling by more than -4.1 percent. Financials fell -3.65 percent, while technology fell -3.9 percent. Consumer staples was the best performer, with a -0.38 percent decline. • The Dow industrial average fell -880.02 points, or 2.73 percent, to 31392.80. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #trading #indices #equities #drop #etherum #crude #price #level #bear #bull #market...

  While the war in Ukraine has harmed the global economy and is a humanitarian disaster, inflationary pressures had been building for months prior to Russia’s invasion. Broader supply chain disruptions have also been a challenge; however, even with high inflation, we are seeing signs that these issues are easing. Inflation is primarily caused by U.S. Federal Reserve (Fed) policies that have been too loose for too long and continue to be overly accommodative in our opinion.  The primary source of inflation is the massive amount of fiscal stimulus that has been augmented rather than offset by loose Fed policy. The American Rescue Plan Act, passed in March 2021, was far larger and more cumbersome than necessary. Passing a $1.9 trillion stimulus package after the US economy had already begun to improve was both unnecessary and foolish.  Read More... EDGE-FOREX #edgeforex #forextrading #Forexsignals #Forex #Trading #blame #inflation #us #fed #rates #stimulus #russi...

  The Reserve Bank of India raised the repo rate, or the rate at which banks borrow from the central bank, by a significant 50 basis points to 4.9 percent on Wednesday. The move is part of the RBI’s reversal of accommodative policies aimed at stimulating growth. Nonetheless, the central bank maintained its 7.2 percent growth target.  To keep inflation under control, India will need to make a “growth sacrifice,” according to a JPMorgan economist on Thursday.  Inflation has been rising, forcing the central bank to raise interest rates faster and more aggressively than previously anticipated. In April, rising food and fuel prices drove retail inflation in India to an eight-year high of 7.79 percent. “The upside risks to inflation have materialised earlier than expected, both in terms of timing and magnitude,” RBI Governor Shaktikanta Das said on Wednesday, indicating that the central bank will likely continue to unwind accommodative policies.  Read More... ...

   USD/JPY USD/JPY falls from 133.85 to 133.36 on the day after Japanese authorities express concern about the rapid decline in the yen It’s not the first time such a reaction to more coordinated jawboning by Japanese officials has occurred, but the yen is seeing some shorts covered on the day, with USD/JPY falling from 133.85 to 133.36. For the time being, there is some minor resistance near 134.50, which has kept the pair from breaking higher this week, even though buyers are firmly targeting the 135.00 handle next. The day’s slight drop doesn’t suggest much, with minor support from yesterday’s low at 133.18 and the 100-hour moving average (red line) at 133.09 serving as key near-term defence levels to monitor. Read More... EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #trading #usd #jpy #ecb #russia #ukraine #ftse #dollar #resistance #market #low #futures  

Ukraine has accused Russia of stealing “several hundred thousand tonnes” of grain from Ukrainian areas occupied by Russia.  The allegations come amid growing concerns about a global food crisis as a result of Ukraine’s inability to export millions of tonnes of grain through its blockaded ports.  According to a New York Times report earlier this week, the US sent an alert to 14 countries, mostly in Africa, about Russian cargo ships carrying what the State Department described as “stolen Ukrainian grain.”  According to the report, the cable named three vessels that it suspected of transporting it. Vasyl Bodnar, Ukraine’s ambassador to Ankara, said Russia was shipping stolen grains out of Crimea and that Kyiv was working with Turkey and Interpol to find the culprits.  Read More... EDGE-FOREX #edgeforex #forex #forextrading #forexsignals #trading #russia #ukraine #war #grain #food #shortage #market #turkey    

  Climate change may force coastal residents to relocate, according to the United Kingdom. Bevan stated on the UK government’s website that the effects of climate change would “continue to worsen.” He went on to say that it was “inevitable” that some of his communities would have to relocate away from the coast.  Bevan of the United Kingdom argued on Tuesday at a conference in Telford, Shropshire, that “in some places, the right answer — in economic, strategic, and human terms — will have to be to move communities away from the danger rather than trying to protect them from the inevitable impacts of a rising sea level.” The World Meteorological Organization reported in May that global mean sea level had “reached a new record high in 2021, rising an average of 4.5 mm per year between 2013 and 2021.”  Read More... EDGE-FOREX  #edgeforex #forex #forexsignals #forextrading #trading #climatechange #coast #inevitable #sea #communities #lost #levels 

  Equities Stocks remain sluggish on the week Eurostoxx -0.7 percent, Germany DAX -0.6 percent, UK FTSE -0.6 percent, France CAC 40 -0.6 percent & Spain IBEX -0.4 percent. This follows yesterday’s drop as sentiment remains sluggish, with Wall Street also retreating. For the time being, US futures are more tepid, with S& P 500 futures flat, but the overall mood isn’t indicating much so far today. All eyes are on the ECB, and market action may be limited until then. However, European bond yields are rising, with 10-year German bund yields reaching new highs since 2014, reaching 1.37 percent. Read More... EDGE-FOREX   #edgeforex #Forexsignals #forextrading #forex #trading #equities #usd #dollar #stocks #ecb #policy #rates #bods #euro #inflation 

  The World Financial Institution warned on Tuesday that the hope of avoiding a recession is fading for both large and small countries around the world.  “Recession will be difficult to avoid for many countries,” said the bank’s chairman, David Malpass.  The grinding conflict in Ukraine, ongoing supply chain chokepoints, Covid-related lockdowns in China, and dizzying rises in energy and food prices are battering economies all along the earnings ladder, saddling them with slower progress and surging inflation.  International growth is expected to slow to 2.9 percent this year, down from 5.7 percent in 2021. In 2023, development is expected to remain subdued. According to the report, development in the 2020s is expected to be lower than in the previous decade.  Read More... EDGE-FOREX FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #trading #staglation #inflation #recession #economiex #worldbank #trade #war

  According to Temasek’s Steve Howard, livestock provides about 18 percent of calories, but farm animals occupy 80 percent of agricultural land. In some markets, livestock consume up to 80% of grain.  If consumption patterns change, those resources can be diverted away from livestock farming.  According to the chief sustainability officer of Singapore’s state investor, the shift toward plant-based proteins may benefit food security.  According to Howard, extreme heat waves are affecting food production in India, and grain reserves will only be able to sustain the world for 73 days, or “a couple of months of food security for the entire world.”   Read More... EDGE-FOREX   #edgeforex #forextrading #Forexsignals #forex #trading #plant #protein #animal #grains #climate #meaningful #capital #markets 

USD/JPY USD/JPY remains on track to reach 135.00 in the near future. The pair is currently up 0.4 percent on the day. Following a brief pause in May, the pair has resumed its surging upward momentum in June. With a 600 pips push since the lows around 127.00 last week, the pace remains rather unrelenting. After breaking through short-term resistance just above 131.00, there is now little standing in the way of a push towards 135.00, at least from a technical standpoint. Japanese officials’ light jawboning will continue to fall on deaf ears because their tone hasn’t changed in months. That speaks volumes about their willingness to intervene in the market. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #usd #jpy #equities #europe #dollar #markets #track #japanese #indices 

  According to the Institute for the Study of War, Russian forces still control the majority of Severodonetsk as of June 6, though the precise situation in the city is unknown. Ukraine’s President Zelenskyy has stated that his country’s forces will not abandon their positions in Severodonetsk. Former German Chancellor Angela Merkel has stated that the invasion of Ukraine was a “brutal attack ignoring human rights for which there is no excuse.”  She admitted that the attack was a blunder, but added that there was never an option to build a security architecture that would have persuaded Russia to take a different path.  According to a Ukrainian presidential aide, 600 Ukrainians are being held captive and tortured in the Russia-occupied southern region of Kherson. Read More... EDGE-FOREX   #edgeforex #Forextrading #Forexsignals #forex #trading #Russia #ukraine #confluct #casualties #economy #syria #turkey #trade

  Prior to taking part in any type of live trading, it is basic to have the appropriate fundamental base to exchange forex. Investing time in learning the dos and don’ts of forex trading will benefit traders in the long run. All traders will make mistakes at some point, but minimising them and eliminating repeat offences must be practised and become expected behaviour. 6. EMOTION BASED TRADING Trading emotions frequently leads to irrational and unsuccessful trading. To compensate for previous losses, traders frequently open additional positions after losing trades. These trades typically lack technical and fundamental educational support. Trading plans exist to avoid this type of trading, so it is critical that the plan is strictly followed. Read More... EDGE-FOREX #edgeforex #forex #forextrading #forexsignals #trading #mistakes #emotion #size #retain #client #broker #markets  

  Equities European equities open lower to begin the day. Stocks are on the defensive as the session begins Eurostoxx -0.4%, Germany DAX -0.6%, France CAC 40 -0.4%, UK FTSE flat & Spain IBEX -0.3% Europe has had a softer start to the day, owing to weaker sentiment from US trading yesterday. The gloomy mood is exacerbated today by a drag in US futures. S&P 500 futures are currently down 0.5 percent, Nasdaq futures are down 0.8 percent, and Dow futures are down 0.4 percent. As a result, the dollar is starting the day on a slightly stronger footing. Read More...  FOREX MANAGED ACCOUNT #edgeforex #forex #forextrading #forexsignals #equities #european #gloomy #rate #hike #july #currency #gbp #usd 

  Following President Emmanuel Macron’s re-election in April, legislative elections are just a few weeks away, and the country’s inflation figures are concerning.  Record inflation and sluggish growth are threatening French purchasing power, as the country prepares to go to the polls again on June 12 and 19.  From January to May, inflation reached 5.2 percent, “due to an acceleration in the prices of energy, services, food, and manufactured goods,” according to France’s Institute of Statistics and Economic Studies (INSEE).  Many analysts even predict a strong and long-term post-pandemic recovery. They were correct, as GDP increased by 7% in 2021, while the unemployment rate fell to 7.3 percent, the lowest since 2008. Read More... EDGE-FOREX  #edgeforex #forextrading #forexsignals #forex #trading #french #elections #demand #supply #elections  

 Although all traders, regardless of experience, make trading mistakes, understanding the logic behind these mistakes may help to limit the snowball effect of trading impediments.  Human error is common in the forex market and frequently leads to the same trading mistakes.  These trading blunders are common, especially among novice traders. Being aware of these mistakes can assist traders in becoming more efficient in their forex trading.  These errors are part of a continuous learning process in which traders must become familiar with them in order to avoid repeating mistakes. Read More...  EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #Trading # risk #trader #Mistakes #plan #strategy #time #positions #profit #loss  

  UK UK New Car Registrations are down 20.6 percent year on year to 124,394 units in May. New car registrations in the United Kingdom fell 20.6 percent year on year in May to 124,394 units. This is far from a localised problem; just last week, we received some dismal car sales figures from the United States. American Honda sold 75,491 units in May, a 57.3 percent decrease. Mazda reported total May sales of 15,312 vehicles, a 63.7 percent decrease from May 2021. Toyota reports 175,990 vehicle sales in the United States in May 2022, a 27.3 percent decrease in volume. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #trading #car #registration #agenda #honda #rbc #economic #growth #market #european 

The rising US dollar and rising bond yields are dampening demand for non-yielding bullion, which, unlike other asset classes, does not appreciate on its own.  Gold, which has an inverse relationship with stocks, protects investors during times of market volatility. This makes gold an excellent portfolio diversifier during moments of high inflation, geopolitical, or financial turmoil.  Gold’s lustre has faded in recent months, as its prices have continued to fall for two months amid economic uncertainties. Investors are looking at how they should deploy funds in gold and which form of the bullion would be the best method for them after the yellow metal’s ongoing underperformance.  Reade More... EDGE-FOREX FOREX MANAGED ACCOUNT  #edgeforex #forextrading #forexsignals #forex #trading #gold #hedge #bullion #silver #investment #risk #uncertainity   

  The EUR/USD exchange rate fell 0.39 percent to $1.0734. The euro fell against the dollar on Tuesday, but it could recover as pressure mounts on the European Central Bank to take the most aggressive stance on rate hikes in its history as the fight against record inflation gets underway.  Raising interest rates in 50-basis-point increments would be a first for the ECB. The central bank has not raised interest rates since 2011, and its benchmark rate has been negative since 2014.  As indicated by Commerzbank, the euro “could possibly profit from higher expansion levels…as it has since become certain that the ECB…[is] able to act.”  “”Now that it [the ECB] has signalled its willingness to act even more aggressively, 50bp rate steps do not appear to be impossible,” Commerzbank added, following data showing eurozone inflation hit a new high in May.  Read More... FOREX MANAGED ACCOUNT #edgeforex #Forextrading #forexsignals #forex #trading #ecb #europe #...

  European indices The major European indices finish lower. The German DAX is unable to maintain its break above the 100-day moving average. With the UK still on vacation, the other major European indices are closing lower. A look at the final levels reveals: The German DAX fell -25.10 points, or 0.17 percent, to 14460.08. The CAC in France fell -15.14 points, or 0.23 percent, to 6485.31. The Ibex index in Spain fell -19.3 points, or 0.22 percent, to 8724.81. Italy’s FTSE MIB is down -259.84 points, or 1.06 percent, to 24166. Read More... EDGE-FOREX   FOREX MANAGED ACCOUNT #edgeforex #forextrading #forexsignals #trading #forex #european #indices #buyers #sellers #oil #crude #iraq #averages  

  Turkey’s May rate of inflation was 73.5 percent year on year, the very highest in 23 years, because the country grappled with soaring food and energy costs and President Recep Tayyip Erdogan’s long-running unorthodox monetary policy strategy. Turkey’s consumer indicant rose to 73.5 percent from 70 percent the previous month. Turkey has experienced rapid climb for years, but Erdogan has consistently refused to lift interest rates significantly to chill the resulting inflation, describing himself as a sworn enemy of interest rates. As a result, the lira has plummeted and therefore the average Turk has far less spending power. Economic analysts predict that Turkey’s inflation will only worsen. in step with the country’s statistics agency, food prices within the 84-million-person country rose 91.6 percent year on year, highlighting the pain that regular consumers face as supply chain issues, rising energy costs, and Russia’s war in Ukraine feed into global inflation. R...

  US nonfarm payroll Goldman Sachs provides a preview of the US nonfarm payroll report. A snippet from Goldman Sachs, where analysts are far below the consensus: GS estimates nonfarm payrolls increased by 225k in May, down from +428k in both of the previous two months and below the consensus of +323k A one-tenth drop in the unemployment rate to 3.5 percent, in line with expectations Job growth tends to slow during the spring hiring season when the labour market is tight, especially in May before the arrival of the youth summer workforce, and all four Big Data employment indicators we track point to a report that is below consensus. Job postings data also point to a sequential decline in labour demand, albeit to still very high levels. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #frexsignals #forex #trading #nonfarm #parolls #us #goldmansachs #korea #citigroup 

  This week, the US dollar was valued at around 80 Russian rubles, roughly the same exchange rate that existed before Russia invaded Ukraine on February 24. The Russian currency was initially battered by Western sanctions, but it has since recovered.  One of the sanctions’ explicit goals was to harm Russia’s currency. The ruble is now worth the same as it was before the war.  The Russians recognise that the goal of the game is to devalue their currency, which was accomplished through central bank sanctions, which were the most dramatic aspect of the new sanctions campaign over the first weekend of the war. As a result, they have made restoring the currency’s value a top priority. They completely manipulate the Russian currency market because they control it at home. They are restricting the ability of foreigners who have invested in Russia, or anyone else, to sell rubles.  Read More... EDGE-FOREX FOREX MANAGED ACCOUNT   #edgeforex #Forextrading #Fore...

  According to a survey of 1,000 children aged 13 to 18 conducted by Junior Achievement USA and Citizens Bank between February 18 and 24, 54 percent of teens are concerned about financing their futures. Teenagers are concerned that they will not be able to afford higher education.  Almost 70% of the teens said rising higher education costs have impacted their post-graduation plans.  “We see so many families who are completely unprepared to pay for college,” said Mindy Hager, vice president of student lending at Citizens Bank. “The discussions aren’t happening at home or in high school.” More students than ever before will have access to education in the coming years. While nearly half of the states in the United States require personal finance education, even more are poised to pass legislation ensuring students’ access to such a class.  Read More... EDGE-FOREX  #edgeforex #Forextrading #Forexsignals #forex #trading #survey #education #teenagers #hig...

  Europe European equities open slightly higher Light gains to begin the session, Eurostoxx +0.3 percent, Germany DAX +0.4 percent, France CAC 40 +0.4 percent & Spain IBEX +0.3 percent This comes as US futures are also rising, with S& P 500 futures up 0.2 percent, Nasdaq futures up 0.3 percent, and Dow futures up 0.2 percent on the day. Elsewhere, the dollar is falling across the board as a wave of selling hits it. The catalyst was higher Swiss inflation figures. EUR/USD has also reached the day’s highs around 1.0680, while GBP/USD is currently up 0.4 percent to 1.2530. Read More... FOREX MANAGED ACCOUNT   #edgeforex #Forextrading #forexsignals #forex #european #equities #higher #dollar #futures #china #rating 

  “Gold has a long history as a material of beauty and artistry, but it is also a material of power and bloodshed, with emotional as well as financial value.” It is difficult to separate those seemingly opposing viewpoints.  This conflict could also explain why some jewelry collectors have a mixed reaction to seeing and wearing gold. Regardless of our feelings about it, we’ll be drawn to it. “There’s nothing quite like it on the planet.”  During the pandemic, clients found solace in gold’s durability and intrinsic sentimental value.  Read More... EDGE-FOREX FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #gold #jewellery #curated #coins #environment #mining #exhibition 

  Russia’s ongoing war in Ukraine has disrupted global food and energy production and supply because both countries are major producers of these commodities. Prices have risen worldwide as a result of the war. The country’s chief economic advisor, V. Anantha Nageswaran, told CNBC’s “Street Signs Asia” on Wednesday that India is in a better position to weather the global rise in food prices.   “It is a difficult situation… for many countries, but India is relatively better placed because of the abundance of locally produced food grain,” he said, adding that the government has also provided subsidies for food and cooking gas to alleviate the burden. Read ore... EDGE_FOREX  #edgeforex #forex #forextrading #forexsignals #trading #india #food #inflation #trend #asia #country #million #economic 

USD/JPY The pair is up by over 220 pips in trading this week after hitting highs of just above 131.00 at the end of April and early May, the pair has fallen back as bond yields have retreated in the last three weeks. It was a much-needed reprieve following the pair’s relentless push from 116.00 to 130.00. However, as bond yields rise this week amid a renewed focus on inflation, the USD/JPY is rising as well. The pair did test support near 126.94-02 last week, but buyers have stepped in strongly in recent sessions to validate the dip buying near the 127.00 level. From a technical standpoint, there is little chance of the pair returning to 130.00; the bond market continues to hold the cards here, so be wary of movement in that space. For the time being, Treasury yields are rising, with 10-year yields rising 2.5 basis points to 2.87 percent on the day. Read More... EDGE-FOREX   #edgeforex #forextrading #Forexsignals #forex #Trading #equity #usd #jpy #pips #sentiment #europ...

  In May, consumer prices in the eurozone’s second-largest economy increased 5.8 percent year on year, matching the median estimate of economists polled by Bloomberg, as rising energy and food prices continued to trickle down to other goods and services. Following strong readings in Germany and Spain, French inflation accelerated to another all-time high, putting pressure on the European Central Bank to raise interest rates more aggressively.  With data from Germany and Spain already exceeding expectations this week, the French figures point to an overshoot when the eurozone reports inflation figures later Tuesday. Read More... EDGE-FOREX   #edgeforex #Forextrading #Forexsignals #foreex #trading #france #europe #inflation #recort #rate #consumer #economy