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  Silver continues to be in a defensive position close to a one-month low that was reached on Monday. The current environment is favorable for pessimistic traders and lends credence to the possibility of more losses. Any effort at recovery that moves the price over $19.00 is likely to be sold into by investors. On Tuesday, silver prices struggle to make any headway, and the precious metal is still trading within striking distance of a one-month low that was reached the day before. The precious white metal is trading in the neighborhood of $18.70 at the moment and is susceptible to a prolongation of its present downward trend that has been seen over the course of the previous two weeks or so. Read More.... EDGE-FOREX  

  In this article, we’ll break down the components of a swing trade and talk about the tools and process involved in creating a straightforward trade setup. While no one trading strategy is flawless, you may use these best practices in combination with your own to find better entry and exit positions in trending market conditions. The simplest, most crucial, and usually underused tool in your trading toolbox is a trendline. The gradient or slope of a moving market may be determined objectively by drawing a line off important price highs and lows. This crucial stage might assist in pinpointing potential areas of support (floor) or resistance for the price (ceiling). Daily Price Chart for DXY Because it involves some subjectivity, trendline analysis might be seen as more of an art than a science. However, while creating trendlines, the slope lends more certainty the more contact points the market has. This indicates that the trendline’s (slope’s) response becomes m...

  In this article, we have covered the highlights of global market news about the  Platinum (XPT/USD), AUD/USD ,  USD/JPY   and Gold (XAU/USD ). Platinum Price Analysis: XPT/USD Maintains Path to $830-29 Support Zone The Platinum price (XPT/USD) is trading at $860 in the early hours of Tuesday morning in Europe. Despite having recovered off a 1.5-month low the day before, the precious metal was unable to maintain buying interest. Platinum is anticipated to continue to be under pressure around the 61.8% Fibonacci retracement level of the March 2020 to February 2021 upside, close to $858.00, given the quote’s extended weakening below the 200-DMA, about $972.00 at the time of press. If the bears are successful in breaking through the $858.00 support, the horizontal region that includes the lows recorded in September 2020 and in July 2022 may provide a test to the Platinum bears around $830-29.00. Read More... forex trading app  

  EUR/USD NEWS AND ANALYSIS ‘Hawks’ detected at Jackson Hole, raising the prospect of ECB and Fed rate hikes. EUR/USD Following an analysis of key technical levels, the EUR/USD may provide opportunities for range trading. Risk events that are scheduled to take place: inflation in the EU and Germany, and the US NFP HAWKS SPOTTED IN WYOMING The Jackson Hole Economic Symposium confirmed what most people expected before the event began: the reality that inflation shows no apparent indications of slowing down, which would demand continuing determination from the Fed in the form of unabating interest rate rises. This was the main takeaway from the event. Read More.. EDGE-FOREX  

Forex traders often pay attention to key levels in the market. These are psychological costs that relate to the mind and way of thinking of people. The following major topics about psychological thresholds and round numbers in forex trading will be covered in this article: Definition of Psychological level Identifying mental states Forex trading with psychological levels Advantages of psychic levels and their limits What are psychological levels, and how do they function? Market price levels, or psychological levels, are often important levels in the forex market and are signified by round numbers. The levels of support and/or resistance are frequently represented by these round numbers. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  USD/CNH, Gold ,  USD/CAD   and NZD/USD . USD/CNH is currently aiming for 6.9400 rather than 6.9600 – UOB According to Quek Ser Leang and Peter Chia, FX Strategists at UOB Group, if the upswing keeps on, USD/CNH may retest the 6.9400 level before reaching 6.9600 in the near future. “USD rose and finished last Friday at 6.8923 (+0.60%),” the 24-hour report reads. During the early Asian hour, the USD kept moving upward and overcame the key obstacle at 6.9000. The quick ascent seems to be a little exaggerated, and for the time being, it is doubtful that the next significant barrier at 6.9400 will be challenged. The level of support is 6.9000, followed by 6.8870. Within the next three weeks: “We have held a bullish USD view for roughly two weeks. We emphasised last Wednesday (24 August, spot at 6.8630) that the USD’s chances of extending its climb above 6.9000 have decreased d...

  Quantitative tightening (QT) is a contractionary monetary policy instrument that central banks employ to lower an economy’s level of liquidity, money supply, and overall economic activity. You may be wondering why a central bank would want to slow down economic activity. When the local economy overheats and inflation, or the overall rise in the cost of goods and services commonly bought there, occurs, they reluctantly do so. The Benefits and Drawbacks of Inflation Because a steady rise in the overall level of prices is essential to healthy economic development, most industrialized countries and their central banks have a modest inflation goal of approximately 2%. The essential concept here is “steady,” which makes forecasting and long-term financial planning for both people and organizations simpler. Read More.... EDGE-FOREX  

  The DAX 40 declines as energy prices rise. Continue to soar, as exporters’ attitudes deteriorate. Early in European trading, the Dax rose before falling as the day went on. Thanks to a surge in the US session, the index posted its second straight day of gains yesterday. The index has showed some resilience after its early-week losses as the highly anticipated Jackson Hole symposium, which began yesterday night, approaches. The Gfk German Consumer Climate Index from earlier in the session offered a gloomy image. The forward-looking Gfk index decreased to -36.5 in September, a significant decline from the previously reported -30.9 in the prior month and far below the forecasted -31.8. The announcement follows yesterday’s decline in the German Ifo business climate index to its lowest level in more than two years. Read More... forex trading  

  GOLD SEES UPSIDE REJECTION AT 50 SMA, RISKY OF MOVING LOWER Jerome Powell’s speech at the Jackson Hole Economic Symposium came across as rather hawkish, despite the fact that this is a technical article. However, the Fed chairman did throw a small lifeline to doves by mentioning that as policy tightens even further, it will be appropriate to slow the pace of rate rises at some point. The dollar started off the week trading down, but it has since more than recovered those losses and begun to strengthen as the week comes to a close. Naturally, we saw a deliberate decline in gold. The technical picture for gold is now rather complicated. Today’s negative market action has almost erased the previous countertrend bounce, and gold is now getting close to the August and September 2021 lows at approximately 1722. The 50-period simple moving average prevented the countertrend rally from happening (SMA). Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  Australian Dollar, S&P 500 ,  NASDAQ 100 and DOW JONES . Forecasts for the Australian Dollar: RBA in the Fed’s Shadow for Now The US Dollar strengthened last week in reaction to Federal Reserve Chair Jerome Powell’s much awaited speech at the Jackson Hole Symposium, making the Australian Dollar vulnerable. Although his comments mostly met expectations, there are still some questions about his commitment to fighting inflation. He reintroduced the exceedingly lax policies minded Alan Greenspan and Ben Bernanke nearly in the same breath as he recalled Paul Volker’s attitude of combating inflation. Read More...  EDGE-FOREX

  CENTRAL BANKS’ ROLE IN THE FOREX MARKET In order to promote long-term economic development and contribute to the general stability of the financial system, central banks are primarily responsible for managing inflation. When required, central banks will act in the financial markets in accordance with the established “Monetary Policy Framework.” Since they want to profit from the ensuing currency swings, forex traders closely watch and anticipate the adoption of such policies. The major central banks’ functions and the ways in which their policies impact the world’s FX market are the main topics of this essay. WHAT IS CENTRAL BANK? Central banks are autonomous organizations that are used by countries all over the globe to help manage their commercial banking sector, determine central bank interest rates, and advance financial stability throughout the nation. Read More... forex managed funds  

  In this article, we have covered the highlights of global market news about the  GBP/USD, EUR/USD , XAU/USD and USD/TRY . GBP/USD: A break below 1.1730 is likely due to the USD’s strength, according to ING. GBP/USD has changed course from Thursday when it saw modest daily gains. If the dollar gains strength after today’s speech by Jerome Powell in Jackson Hole, a break under 1.1730 is possible. “Cable should mostly follow the dollar’s response to Jackson Hole. The USD strengthening may easily lead to a break below this week’s lows of 1.1730 since 1.1500 (the bottom of the 2020 flash crash) is no longer seen as a distant possibility. Read More... forex signals providers  

  The US dollar is weakening ahead of the significant data or event, which has led to the USD/CHF pair posting its worst daily loss in two weeks. The cautious optimism is supported by stimulus from China and the anticipation that central bankers may become less hawkish. In the midst of a slow day, the indications from the options market favor intraday bears. US GDP and Core PCE will be used as decorations for the calendar, but risk catalysts are the most important factor. During the early hours of Thursday morning in Europe, the USD/CHF currency pair accepted offers to renew intraday lows at 0.9625. In response, the value of the pair based on the Swiss franc (CHF) fell by the highest it has in over two weeks, reflecting widespread weakness in the US dollar. As a result of the CHF fall, the US Dollar Index (DXY) drops by a half of a percent as bears attempt to break below the 108.00 level. This occurs because a risk-seeking attitude reduces the demand for the safe-hav...

  In this article, we have covered the highlights of global market news about the  EUR/USD, NZD/USD USD/CAD and EUR/HUF . EUR/USD Price Analysis: Breaks through bearish channel to highlight 1.0100 barrier In defiance of the eight-day-old negative trend, the EUR/USD price rose to a new weekly high of 1.0025 on Thursday morning in Europe. The short-term negative trend channel’s upward break also gets cues from the RSI’s recent recovery and the MACD signals’ waning bearish bias (14). With this, the EUR/USD buyers are moving closer to a horizontal resistance that will last for one month at 1.0100. However, the major currency pair’s potential gains may be limited by the 21-DMA at 1.0155. Read More... fx trading  

  The US president, Joe Biden is facing a lot of resistance in his decision of raising the debt ceiling to pay all the bills the country is liable to pay by next month. Whether to increase the debt limit of the country or not has become a point of argument between the democrats and the republicans. Treasury secretary Janet Yellen predicted that the country is going to exhaust all the borrowing capacities by October 18th. After this date, the country will no more be able to use any kind of credit as the debt ceiling will be touched and can’t be crossed. The impact of the finishing off of the debt limit will be experienced in terms of unemployment, declined economic activities, loss of stocks, and will lose the household wealth as well. If the limit is not lifted the country may have to cut off its other expenses that are carried out by the treasury. They will majorly include the healthcare facilities given to the citizens and the privileges being given to the military ...

  When trading in the market, trading bias enables traders to make knowledgeable selections. Both new and seasoned traders may relate to this. What this piece will address is: What is a trading bias? Why bias is necessary for traders How to create a technical indicator for trading bias Reading more to create a good trading attitude. WHAT DOES BIAS MEAN IN TRADES? Trading bias refers to a tendency or viewpoint among traders in the financial markets that there is a greater likelihood of a particular result than any other potential outcomes. These trading biases are based on technical and fundamental elements supporting a particular view of how the market behaves. This often pertains to market patterns that are either bullish or bearish and signifies the best trading approach. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  USD/CNY, USD/TRY, USD/CAD and EUR/USD . USD/CNY will trade in a new and higher range for the remainder of 2022 and into the first part of 2023, according to HSBC. “USD/CNY just crossed over the frequently observed 6.80 thresholds in terms of currency. We believe this indicates that for the remainder of this year and into the first part of next year, USD/CNY will probably trade in a new and higher range. We do not believe the positive momentum will be as strong this time, given that China-US yield differentials look stabilising and the CNY’s overvaluation has been reduced. However, USD/CNY increased strongly in April-May when it broke over 6.40. Read More... forex managed accounts  

  To help you navigate the markets, setting trading goals can be helpful, but some plans are more practical to develop than others. This article will discuss the appropriate and inappropriate types of forex trading objectives to pursue, why reasonable goals make sense for your trading strategy, and how to monitor your goals’ advancement. WHY SHOULD I SET TRADING GOALS? Setting trading objectives can help you stay on track with your trading strategy and will increase the consistency of your trading. You are developing a more process-oriented goal than an outcome-oriented one will be necessary for individuals new to trading. For instance, setting rigorous risk management and sound technical analysis objectives, as well as developing a daily routine that includes exercise and a healthy diet, will promote more consistent trading. Read More... EDGE-FOREX  

  August 23, 2022 Markets are agitated by “supply cut” comments before inventory data. In an interview with Bloomberg, the Saudi energy minister said that OPEC+ has the resources to handle oil market difficulties, including production restrictions. As soon as the markets reacted, the prices of WTI and Brent soared by 1% and 0.8%, respectively. As summer comes to a close, US drivers can now breathe a lot easier at the petrol pumps thanks to gradually falling gas prices (US driving season). WTI trades just below the pre-invasion level of $93, even if prices have dropped. Technical levels for WTI As seen by the prolonged lower wick in yesterday’s daily candle, comments from the Saudi energy minister seem to have contributed to the creation of a low of 85.75 with a quick rejection of lower pricing.   Read More.... forex  

  In this article, we have covered the highlights of global market news about the  AUD/USD, USD/TRY, USD/JPY and EUR/HUF . AUD/USD: Risk aversion and rate differentials will produce near-term downward pressures – HSBC The AUD/USD exchange rate is now below 0.69. HSBC economists anticipate that the Aussie will continue to have difficulties. RBA must quickly change course to offer a “soft landing.” “Risk aversion would probably lead to near-term downward pressures for the AUD amid weakening global demand and yield differentials.”   Read More... EDGE-FOREX    

  From a one-month low reached last Friday, NZD/USD has staged a fair recovery. The PBoC takes action to further relax policy and supports antipodeans, including the kiwi. Any significant upward movement for the pair is limited by persistent USD buying and recession fears. On Monday, the NZD/USD pair makes some progress and breaks a five-day losing streak to close at a one-month low, close to the 0.6165 area touched last week. Despite appearing to struggle to take advantage of the move, the pair maintains its bid tone throughout the middle of the European session and is currently trading around the 0.6200 level. It turns out that one of the main factors that helps antipodeans, including the kiwi, is the People’s Bank of China (PBoC), which cut lending rates for the second time in two weeks to stimulate the economy. Aside from this, the attempted recovery is still constrained by ongoing US dollar buying and lacks any clear fundamental catalyst. Read More.... EDGE-FORE...

  On Monday, the gold price continued its downward trend, which is now on its sixth consecutive day. The US dollar maintains its uptrend as investors become more risk averse in response to rising oil prices. The XAU/USD pair has to break below $1,730 for the downward trend to continue toward $1,720 and $1,714. The price of gold is still subjected to significant selling pressure at the beginning of this week, which has carried over the negative trend from the previous week into a sixth consecutive trading day. Investors’ insatiable hunger for the US dollar as a haven-of-last-resort might be the primary driving force behind the recent drop in the price of the precious metal. After Russia’s Nord Stream 1 pipeline announced that it would be closing for maintenance at the end of this month, investors have been fleeing to safer investments in the face of hawkish expectations from the Federal Reserve and soaring energy prices in Europe and Asia.  Read More... forex ...

In this article, we have covered the highlights of global market news about the  Euro and USD- MUFG, EUR and GBP, EUR/USD and GBP/USD – DBS Bank, and EUR/USD -ING. EUR/USD: Parity breach should show greater durability this time, according to MUFG A break of parity in the EUR/USD rate is imminent. The rise might be more prolonged than last month’s breach beneath parity, according to MUFG Bank economists. “A breach below parity at this point may be significant. The past month’s parity breach was brief, and it only occurred on one day—the 14th of July—on an intraday basis. Indicators of growing confidence in the next breach being more persistent include a recovery followed by a retracement of the bounce and a break below parity. We absolutely anticipate that.   Read More... EDGE-FOREX  

In this article, we have covered the highlights of global market news about the  XAG/USD, Bitcoin/Ethereum, Australian Dollar,  and  Canadian Dollar . XAU/USD: Forecast for Gold and Silver Prices Not promising at all With the USD rising, Gold (XAU/USD) has been falling for days. Given how the Dollar is now behaving (bullish), precious metals may face even more significant difficulties. There may be a little respite, but it seems that sellers will benefit for the time being. To put the breakout from the channel back in play, Gold will need to demonstrate some tenacity here very soon and pivot back towards the most recent high at 1808 and soar over it. That being said, the channel line will quickly be tested as support; therefore, now would be a good moment for Gold to begin retracing its downward trend. Read More... forex managed funds  

  Within the framework of the ongoing unwinding of speculative excesses, BTC/USD is coming off the top of a channel that is taking on the character of a bear-flag formation. This week’s severe shift below is happening just as risk sentiment is turning just a little, which, in my opinion, is a tribute to just how poor cryptocurrencies are. The sudden turn lower this week is occurring just as risk sentiment is turning just slightly. The lower trend-line off the lows and a soft inside the structure may be considered the next level of support within the channel or bear flag. This level of support is located at 20700. It is expected that the next wave of selling will begin once that level is broken below. Minor support may be found in the 19000–18600 price range, but the fundamental level to keep an eye on is the low from June, which was 17592. A breakdown below that level will likely reach the high for 2019 at 13880. Even with that as support, it is anticipated that the B...

  Due to its signaling impact on anticipated future inflation, PPI is a significant piece of economic data. Due to the strong correlation between inflation and interest rates, traders in the forex market keep an eye on PPI. However, their primary worry is the potential impact of changing interest rates on currency pairings. Learn more about the PPI index and its effect on the foreign currency market. WHAT IS PPI, AND WHAT IS MEASURED BY IT? The Producer Price Index, or PPI, tracks changes in the cost of completed products and services that producers sell to consumers. The average price of a basket of items bought by manufacturers is represented by PPI data each month. How is the PPI determined? Commodity-based, industrial-based, and stage-of-processing-based enterprises are the three production sectors that PPI analyses. PPI is developed using data from a postal survey of merchants chosen by systematically sampling all businesses registered with the Unemployment I...

  In this article, we have covered the highlights of global market news about the USD/CAD, GBP/USD, NZD/USD, and  EUR/USD. The USD/CAD is approaching 1.3000 as yields boost the DXY and oil eases ahead of Canada Retail Sales. During the first hour of Friday’s European trading session, USD/CAD buyers approach the monthly high while revisiting the daily top around 1.2970. The Loonie pair draws cues from the stronger US dollar and the lower pricing of WTI crude oil, Canada’s principal export. As a result of market concerns about an economic slowdown in China and Europe, the Sino-American conflict, and aggressive Fed rhetoric, the US Dollar Index (DXY) has risen toward regaining the monthly high of around 107.70. The US 10-year Treasury rates support the greenback’s index by reversing the previous day’s decline from the monthly high to 2.928% by the press, resuming a one-month high. Read More.. forex  

  Over a week, the high reached on Thursday was reversed intraday for USD/CAD. Despite a slight USD decline, rising oil prices support the Canadian dollar and put pressure on it. Positive US macroeconomic data and aggressive Fed predictions should provide support. In the early North American session, the USD/CAD pair declines from a one-and-a-half-week high reached earlier this Thursday and hits a new daily low. Several factors pressure the team as it trades slightly below the 1.2900 level. The almost six-month low reached on Tuesday for crude oil prices is being recouped, which supports the commodity-linked loonie and works against the USD/CAD pair. This prompts some selling at higher levels and adds to the intraday decline, coupled with a slight US dollar reversal from a recent monthly top. Read More... EDGE-FOREX 

  Following a greater-than-anticipated drop in US stockpiles, oil prices have stopped falling for three days. Crude may stage a stronger comeback in the days to come as it breaks the string of lower highs and lows from the previous week. CRUDE OIL PRICE STOPS THREE DAY SELLOFF AS US CRUDE INVENTORIES CONTRACT US data prints seem to support oil price as the 7.056M reduction in crude stockpiles improves the forecast for consumption. However, it is unclear if these developments will impact OPEC, which aims to boost production by “0.1 mb/d for September 2022.” While the most recent Monthly Oil Market Report (MOMR) warns that “volatility in futures markets remained fueled by expectations of lower GDP growth,” and the price of oil may face challenges ahead of the next Ministerial Meeting on September 5, as the update reveals that “for 2022, world oil demand is foreseen to rise by 3.1 mb/d, a downward revision of 0.3 mb/d from last year,” evidence of strong demand may enco...

  In this article, we have covered the highlights of global market news about the  EUR/GBP, USD/CAD, AUD/USD – Danske Bank ,  and  USD/CNY – Commerzbank . EUR/GBP Price Analysis: Crosses Important Obstacle of 0.8460, Eyed Monthly Peak Early on Thursday morning in Europe, EUR/GBP bulls break over the 0.8460 resistance confluence while continuing the day’s recovery. That being said, the 0.8460 level is the main roadblock for buyers, as shown by the confluence of the 200-SMA and a downward-sloping trend line from July 1. The EUR/GBP buyers are expected to maintain control given the bullish MACD signals and lately higher RSI, as well as the persistent trading beyond the monthly horizontal support region around the 0.8400 round figure. Read More... forex managed account services 

  On Wednesday, gold draws new selling in the $1,782 area, declining for a third consecutive day. Through the early North American session, the intraday selling trend persisted unabatedly, pushing the XAU/USD to a one-and-a-half-week low in the penultimate hour, in the $1,765–$1,764 range. Gold prices decline for the third day in a row, reaching a low that surpasses one week on Wednesday. Rising US bond rates and hawkish Fed predictions support the USD and put some pressure on it. The risk-off sentiment does not help the safe-haven XAU/USD before the FOMC minutes. One primary reason for reducing demand for dollar-denominated gold is the US dollar , which is increasing and getting closer to the monthly high set the day before. Investors seem to be confident that the Fed will maintain its program of tightening monetary policy despite signals of slowing US inflation. The US Retail Sales numbers released on Wednesday, which were primarily positive, confirm market predicti...

  As your forex trading journey gets underway, you’ll probably encounter various trading strategies. But with only one of four chart indications, most trade opportunities may be quickly spotted. Once you understand how to employ the Moving Average, RSI, Stochastic, and MACD indicators, you’ll carry out your trading strategy like a master. THE ADVANTAGES OF SIMPLE STRATEGY When they first enter the forex market, traders sometimes overcomplicate things. Unfortunately, but unavoidably, this reality is actual. When they should focus on making things as simple as possible, traders often assume that a trading strategy with many moving pieces must be superior. This is so that there may be quicker responses and less stress using a straightforward technique. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  EUR/GBP, Eurozone, EUR/CHF, EUR/SEK,  and  EUR/NOK. EUR/GBP falls below 0.8400, a nearly two-week low, due to higher-than-expected UK CPI. On Wednesday, the EUR/GBP cross extends its substantial decline from around the 0.8500 level and is losing ground for the fourth straight day. Following the publication of higher-than-anticipated UK consumer inflation numbers, the cross continues down and is presently trading just below the 0.8400 level, or a nearly two-week low. After the UK Office for National Statistics revealed that the headline CPI surged to the highest level since 1982 and reached 10.1% YoY in July, the British pound marginally increased. The number was much higher than the 9.4% recorded in June and the projected 9.8%, raising hopes for another rate increase by the Bank of England. This is a crucial element pushing the EUR/GBP cross lower. Read More... forex trad...

  The FTSE 100 is returning to levels last reached in mid-June this year, aided by a surge in mining companies after ex-FTSE 100 component BHP’s announcement of a 26% rise in profits to USD21.3 billion and a record dividend distribution. BHP stock is now trading 4% higher in London, at 2,326p per share. Oil majors also inched upward as the price of brent levelled off after Monday’s sell-off, while takeover fever was bolstered by the revelation that Ted Baker and the cyber-security company Darktrace were both potential acquisition targets. A proposal of 110 pence per share from ABG, equivalent to 210 million British pounds, is claimed to have been advised by Ted Baker, while the American private equity company Thoma Bravo is reportedly running the numbers on Darktrace. Read More... EDGE-FOREX  

  CONTRACTIONARY MONETARY POLICY: WHAT IS IT? The process through which a central bank employs different measures to reduce inflation and the overall level of economic activity is known as contractionary monetary policy. A mix of interest rate increases, increased reserve requirements for commercial banks, and quantitative tightening, often known as large-scale government bond sales, are the methods used by central banks to accomplish this (QT). It may seem counterintuitive to desire to reduce economic activity , but doing so has unintended consequences like inflation, which is the overall increase in the cost of ordinary products and services used by people when an economy is growing faster than it can maintain. As a result, central bankers use a variety of monetary instruments to purposefully reduce economic activity without causing the economy to collapse. Officials deliberately adjust financial circumstances, causing people and companies to think more carefully ab...

  In this article, we have covered the highlights of global market news about the  USD, Gold price, Natural Gas ,  and EUR/CHF. The USD is more likely to retest its highs than to fall much lower, according to ING. Some are speculating if the dollar has peaked after it corrected 3% lower. The dollar is more likely to retest its highs, according to ING economists, than to drop far lower. “While many trade partners would wish that to be the case, the Fed is likely to continue tightening as planned. The dollar is more likely to drop significantly lower, in our opinion, than to test its highs again. “Our view has been driven by the Fed’s constant language that it won’t be blown off course by any lower activity or pricing data,” the author writes. Read More... forex trading hours  

  The US Dollar Index (DXY) has rebounded from a fresh monthly low (104.64) as it attempts to retrace the decline that followed the slowdown in the US Consumer Price Index (CPI). However, the Federal Open Market Committee (FOMC) Minutes may drag on Greenback should the central bank show a greater willingness to implement smaller rate hikes. TECHNICAL FORECAST FOR US DOLLAR: NEUTRAL The US Dollar Index (DXY) fails to maintain the starting range for August as signs of slowing price growth limit chances for another 75bp Fed rate rise, and the index may continue to trade to new monthly lows if the FOMC Minutes signal to a shift in the method the central bank would take in combatting inflation. Read more... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  S&P 500, Nasdaq 100, Dow Jones , AUD/USD,   Gold Price  and  British pound. S&P 500, Nasdaq 100, and Dow Jones Prediction for the Upcoming Week The 200-day moving average and a trendline of the highs, which are nearly exactly in confluence, are targets for the S&P 500 as it surges upward. A less significant horizontal level from late April to early May, about the 4300 level, is close by. The Nasdaq 100 is trading in open space as it has broken out above trend-line resistance. Keep a watch on how the market responds around 14055, which is where the 200-day moving average is located, should we approach it this week. Read more... forex signals  

A common reversal pattern that is predictive and may provide traders a hint as to the direction and size of the upcoming price move is the rising wedge. They occur frequently in the financial markets , and traders are drawn to the pattern due to how easy it is to recognize and exploit. The identification and trading of rising wedges on forex charts will be covered in this article. WHAT IS A RISING WEDGE PATTERN? This pattern in forex sometimes referred to as the ascending wedge pattern, is a strong price consolidation pattern that develops when the price is constrained between two rising trend lines. It is regarded as a bearish chart formation that, depending on the position and trend bias, may show both reversal and continuation patterns. Traders should always adhere to the rule that the rising wedge is essentially negative regardless of where it emerges (see image below). Read More... EDGE-FOREX    

  The NZD/USD pair maintains its strong upward trend this week and gains momentum for the fifth straight day on Friday. During the early European session, the momentum drives spot prices to a level above a two-month high, in the 0.6465–0.6470 range. The US dollar is unable to take advantage of the overnight recovery from its lowest point since late June, and on the penultimate day of the week, it oscillated in a range, which supports the NZD/USD pair. The unknown scale of the US central bank’s upcoming rate rise seems to be working against the dollar. Recent hawkish comments made by several Fed officials suggested that the central bank will continue to tighten monetary policy. Neel Kashkari of the Minneapolis Fed, Charles Evans of the Chicago Fed, Mary Daly of the San Francisco Fed, and James Bullard of the St. Louis Fed have all spoken in favor of continuing to raise interest rates. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  XAU/USD , EUR/GBP,   AUD/USD  and  GBP/JPY . XAU/USD on the defensive amid increasing rates, a strong USD, and tighter monetary – HSBC A resolute Fed tightening program and a strong USD remain challenges for gold. According to analysts at HSBC, the market’s move toward a 50 bps rate rise rather than a 75 bps increase may serve to limit the near-term downside for the yellow metal. “GOLD is negatively impacted by the Fed’s continued commitment to increase rates to combat growing prices, mainly while the USD seems stable. Even while it is unclear that the road to this additional USD strengthening over the following months would be a straight line higher, the prognosis for Fed policy and the global economy is likely to be USD helpful over the near to medium term. Read More... forex signals telegram  

  Fumio Kishida was chosen by the members of Japan’s Liberal Democratic Party to take over as the next party leader. Within the following week, Kishida will take the oath of office and become the next Prime Minister of Japan. Because this individual is going to be in charge of the country, this is significant news. On the other hand, this news has also caused quite a few people in the international market to show surprise. Fumio Kishida is a well-known politician in addition to having served as Japan’s Minister of Foreign Affairs in the past. Kishida presented his ideas and goals for the nation during a news conference that took place not too long ago. He highlighted the project of wealth equality in Japan as one of the most important measures among all of the other key initiatives he indicated. Read More... EDGE-FOREX  

  The most recent development about the cryptocurrency prohibition in China is something that is having a significant effect on the country’s foreign exchange transactions and is also affecting the foreign exchange operations of other nations in various respects. Bitcoin is the currency that will suffer the most as a result of the prohibition on cryptocurrencies. To put it simply, cryptocurrencies are a sort of digital money that is kept as data in various computer systems. This money may be used to make a certain sort of purchase once it has been loaded into a digital wallet and stored there. This movement is gaining a lot of traction all across the world. We may acquire the digital form of cash by exchanging our existing funds for it. The introduction of digital money into everyday life may be attributed to the rapid development of both the technological and financial service sectors. Read More... EDGE-FOREX  

  Not just China, the whole world is getting into an energy crisis now. Along with coal, natural gas and crude oil are also facing some unprecedented hikes in prices. Recently, the price rose to $80 for a barrel of crude oil. This price is the highest in the last three years. The data depicts the hike in price in Europe. Whereas, it is a matter of concern for all the countries. The whole world may fall into an energy crisis as the winter months approach. One of the major causes behind this is the pact signed by the countries to reduce the consumption of fossil fuels. The after-effects are quite visible from the crisis China is facing these days. The power crunch is the result of China’s contribution to the emission of greenhouse gases. China promised to lower its level of coal usage and thus now the focus has shifted to the other source of power generation. Crude oil is alternative China is trying to get back with. Read More... forex meaning

  Whether it is forex trading or any other form of trading which involves highs and lows, the trader’s mindset plays a vital role in his moves. Abrupt and instinctive decisions may not be fruitful in the long run as it is not a lottery. Proper analysis and strategy are required to become a successful trader. Every move in the forex market will either benefit you or prove to be a loss for you. It can be quite stressful to handle all ups and downs but if you are really into trading and want to make it work, you should set up your mind in that way. Trading psychology involves all the emotions that a trader experiences when he is either about to make a crucial decision or when he has gained or lost in the market. The most prevalent emotions that every person dealing in trading will experience are fear, anxiety, nervousness, and greed. Read More... EDGE-FOREX  

  NZD/USD is still trading in a defensive position below the 0.6300 line, and there is a lack of follow-through selling. On Tuesday, the NZD/USD currency pair could not capitalize on the bullish rise that occurred the previous day, and there was some selling activity in the area around the 0.6300 level. The team has been trading at lower levels during the early part of the European session and has dropped to a new daily low, hovering around the 0.6270 level over the last hour. The recent bullish surge in the markets has been kept in check by growing concerns about a worldwide economic slowdown. These concerns and tensions between the United States and China about Taiwan operate as a headwind for the risk-sensitive New Zealand Dollar. Despite this, a more bearish sentiment around the US currency supports the NZD/USD, which should assist prevent any further losses. Read More... EDGE-FOREX   #nzdusd #nzd #newzealand #globalmarketupdate #forexnews #forexupdate #u...

  In this article, we have covered the highlights of global market news about the  US Dollar Index, XAU/USD,   EUR/USD  and  GBP/USD . The US Dollar Index is now trading in the low 106.00s. The US Dollar Index (DXY), which compares the value of the dollar to a number of its key competitors, has been fluctuating around the 106.30 area so far on Tuesday. With the upside obviously restricted in the neighborhood of the 107.00 mark and the lower bound clearly constrained at the 105.00 zone, the index stays on the defensive in the first part of the week, always within the larger consolidation theme. While market speculation over a probable 75 basis point rate rise at the Fed’s September meeting appears to have subsided among investors in recent hours, the dollar trades cautiously ahead of the release of the crucial US inflation numbers for the month of July coming on Wednesday. Read More... forex signals telegram  

  US stocks have been on a solid run in the last seven weeks. The Nasdaq reached a new two-year low the day after the FOMC rate decision last month, and the S&P 500 set it’s low the following day, as the middle of June marked the bottom for stocks. Bulls have been powerful and dominant ever since. The rise that initially seemed to be short-covering has continued and is now in its ninth week, with the S&P 500 rising by as much as 14.62 percent and the Nasdaq 100 growing by as high as 20.92 percent during that time. The Nasdaq is in a bull market with a 20% return. The conversation is centered on Fed policy and the likelihood that the bank will make a turnaround. The expectation that the Fed could halt its rate rise approach to allow the rate hikes have already made more time to take effect as US economic data began to improve in Q2 was growing. At the most recent FOMC press conference, Chair Powell made a few remarks that offered bulls’ optimism. Judging by th...

  Because it can accurately anticipate output growth, inflation, and interest rates – three crucial factors for the overall economy and financial assets – the bond market is sometimes referred to as the “smart money” on Wall Street by traders. Based on this belief, investors sometimes pay close attention to bonds and the peaks and valleys of the yield curve to learn more about future economic performance and developing trends. Given how interconnected the financial system is, signals from one market might sometimes serve as an indication, even a leading one, and a forecasting tool for another that is slower or less effective at integrating new data. This article will examine the Treasury market to see how the yield curve’s shape and slope might provide hints about anticipated future equity returns and sector leadership by revealing information about the economic cycle. Before starting, it is vital to familiarise yourself with critical ideas. Read More... forex tradin...

  In this article, we have covered the highlights of global market news about the USD/CAD, XAU/USD,   EUR/USD  and  USD/THB . USD/CAD: As BoC nears the terminal, the loonie is expected to decline. The Canadian currency is expected to drop somewhat, according to experts at CIBC Capital Markets, as weaker global growth affects commodities and the Federal Reserve marginally outperforms the Bank of Canada (BoC). “While we anticipate another unconventional boost at the September meeting, if the market interprets it as the end of the BoC’s tightening cycle, it won’t be constructive for the loonie.” “With a widening travel services trade imbalance and a colder path for commodities, we forecast USDCAD is hitting 1.33 in early 2023. However, a general weakening of the USD that year as the Fed maintains its hold position predicts that the loonie won’t decline much lower during the following year. Overall, the currency CAD remains rangebound. Read More... EDGE-FOR...

  4 Global Market Updates- 6 August, 2022 In this article, we have covered the highlights of global market news about the  United States 10-year Treasury yield, European markets, Gold Declination, & Taiwan Stocks Report. United States 10-year Treasury yield increases as employment growth exceed estimates. The 10-year Treasury yield increased on Friday due to stronger-than-anticipated July employment data. The yield on the 10-year Treasury was 2.83 percent at about 4:10 pm E.T., while the work on the 30-year Treasury note had increased by ten basis points to trade at 3.068 percent. The 2-year, meanwhile, increased 20 basis points to 3.242 percent. Prices and yields follow opposite trends. Read More... forex pl    

  One of the most important economic indicators for the US economy is the non-farm payroll (NFP) data. It shows the amount of new employment created, excluding those at farms, government, private households, and charitable organizations. In the Forex market, NFP announcements often result in significant changes. The NFP data is public at 8:30 AM ET on the first Friday of every month. This article will discuss the significance of NFPs in economics and how to use NFP release information into a forex trading plan. HOW IS THE NFP IMPACTED ON FOREX? NFP data is significant since it is issued each month and serves as a pretty accurate gauge of the status of the economy at the time. The Bureau of Labor Statistics is the source of the statistics, and an economic calendar lists the date of its upcoming publication. Read More... EDGE-FOREX   #fxmarket #foreignexchange #forexupdate #forexnews #tradingtips #nfp #forex #edgeforex

  Despite decreasing US Treasury bond rates on Thursday, the dollar recovered ground versus its competitors early Friday. The US Dollar Index registers moderate daily gains close to 106.00 ahead of July’s crucial US employment data. There won’t be any significant data releases on the European docket, and the market is still in a somewhat bullish mood, with US stock index futures trading in the green. The benchmark 10-year US Treasury note yield is just below 2.7 percent, which enables the dollar to maintain its strength in the early hours of European morning. Following its policy meeting in August, the Bank of England (BOE) stated on Thursday that it had increased its benchmark interest rate by 50 basis points to 1.75 percent. However, the BOE said in its updated predictions that it expects the UK economy to enter a recession in the last quarter of the year. The British pound suffered significant losses due to the bleak economic outlook. GBP/USD hit a daily low of ...

  In this article, we have covered the highlights of global market news about the  Gold Price Future, AUD/USD,   USD/JPY  and  Futures for crude oil . Future increases for gold are anticipated in the foreseeable future. According to CME Group’s flash statistics for the gold futures markets, open interest increased by around 2.5K contracts on Thursday after four days of daily declines. However, volume decreased for the second session in a straight, but only by 870 contracts this time. On Thursday, gold prices continued to rise as open interest increased. In contrast, the precious metal was still on course to return to the critical level of $1,800 per ounce troy. As traders exhibit the normal concern ahead of the important US employment data on Friday, the price of gold (XAU/USD) seesaws near the monthly peak. Despite this, the price of yellow metal fluctuates between $1,788 and $1,791 as of the morning of the press in Europe. Read More... forex signal...

WHAT IS DIVERSIFICATION OF THE STOCK SECTOR? Several sectors to pick from in the S&P 500 if an investor wishes to diversify exposure to the US stock market . There are 11 options on the pie chart below, ranging from value-driven industrial businesses to information technology companies focused on growth. A trader might distribute their portfolio across any mix to insure against sector-specific hazards. If the S&P 500 has a hiccup in this situation, losses in one market area may be countered or lessened by gains in another. This may work if the market’s various sectors aren’t dropping simultaneously. However, a stock diversification technique becomes more unreliable when practically every index component is dropping in a binary move. This is not evidence in favor of stock diversification. Instead, market dynamics that affect how sectors in the S&P 500 move together are being examined. The CBOE Volatility Index (VIX), frequently referred to as the market’s favor...

In this article, we have covered the highlights of global market news about the  US Dollar Index, EUR/GBP,   USD/JPY  and  Australia’s trade surplus . The US Dollar Index seems cautious at about 106.30. As measured by the US Dollar Index (DXY) , the dollar continues to trade cautiously at 106.30 against a background of rising US yields and shifting risk appetite trends. The dollar’s recovery has slowed down in reaction to recent hawkish remarks from FOMC members Daly, Bullard, and Mester, who justified more tightening in the coming months. This development is also consistent with the rise in US rates throughout the curve, notably in the short end. Read More...  forex managed accounts  

  The earnings season offers attractive opportunities for equities traders to learn more about the firms they have invested in and to put prospective share price movements into perspective. Continue reading to learn more about the earnings season, important dates for earnings announcements, and what to look for in an earnings report. WHAT IS EARNINGS SEASON, AND HOW IMPORTANT IS IT? During the “earnings season,” many of the biggest publicly traded corporations release their most recent financial reports every fiscal quarter. This season typically lasts a few weeks. Revenue, net income, earnings per share (EPS), and forward forecast are just a few of the data items included in an earnings report that may assist investors in gaining an understanding of the company’s present state and prospects. You may get this information online at sec.gov, in several financial magazines, and on the websites of specific businesses. Read More... EDGE-FOREX  

  Prices, Charts, and Analysis of GBP/USD   Since 1995, the most significant increase has been a 50bp rise. S&P Global/CIPS Services PMI fell short of initial projections. The US Dollar gets a small bid. To combat the rising inflation, the Bank of England is anticipated to raise interest rates for the sixth straight meeting on Thursday. The Bank Rate is expected to climb by 50 basis points, which would be the most significant increase since 1995. The UK borrowing rate would reach 1.75 percent, a 14-year high, with a 50bp increase. The Bank of England has said they anticipate double-digit UK inflation by the end of Q3 and the beginning of Q4. According to a recent National Institute of Economic and Social Research (NIESR) analysis, UK inflation would reach 11%. The country’s central bank would need to raise the Bank Rate to 3% to curb price pressures. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the  Crude Oil Price, GBP/USD,   USD/CAD  and  EUR/USD . Crude Oil Futures: More consolidation is on the way According to CME Group advanced prints, open interest in crude oil futures markets fell by roughly 8.2K on Tuesday after three consecutive daily gains. Following two daily increases in a row, volume fell by roughly 108.7K contracts. On Tuesday, the WTI recorded an indecisive session amid declining open interest and volume, indicating the persistence of the range-bound theme in the very near term. So far, the commodity has been supported by a price of $90.00 per barrel. Read More... forex news   #usd #crudeoil #gbp #eur #cad #globalmarketupdate #forexnews #forexupdates #edgeforex

  On Tuesday, amid mounting diplomatic tensions in the wake of the planned visit to Taiwan by US House Speaker Nancy Pelosi, haven flows are said to provide some support for the US dollar. According to Win Thin, Global Head of Currency Strategy at BBH, the US dollar draws some support from haven flows. Ahead of Fed speakers and essential US economic data this week, he maintains his optimistic perspective for the USD over the medium run. As a risk aversion mentality takes hold of the market, the dollar gains some modest momentum. As a result of House Speaker Pelosi’s trip to Taiwan, which has heightened tensions with China, the DXY index is now trading at 105.541, marking its first gain after four consecutive days in the red. We are sticking with our recommendation for a strong dollar and continue to think that the market is misinterpreting the Fed’s commitment to reducing inflation. However, without robust economic data, it is doubtful that the greenback’s value woul...