Does Forex Factory Have An App. They openly talk about it and y

Furthermore, with no central market, forex offers trading … ... Luckily, all partner brokers of Forex Factory have mobile apps that help you trade ...

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Forex Preview: 31/05/2023 - Dollar turns to US employment report for more fuel - YouTube

The US dollar has been firing on all cylinders lately, capitalizing on bets that the Fed will raise rates one final time this summer.

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How to Trade Forex - Investopedia

We independently evaluate all recommended products and services. ... The foreign exchange market, also known as the forex (FX) or currency market, ...

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Finding Opportunities to Trade Based on Common Forex Chart Patterns - Technology Org

In general, all Forex trading chart patterns can be divided into three categories: Trend continuation patterns. These include “flags” and ...

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18 Forex Facts: Exploring the Global Currency Market - Facts.net

Gain a better understanding of forex trading markets with these fascinating facts about foreign exchange, leverage, and other currency-related ...

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DAX, USD/JPY outlook: Two trades to watch - FOREX.com

The market is pricing in a further 50 basis points worth of hikes this year. DAX outlook – technical analysis. After reaching an all time high of ...

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EURUSD Final Minor ABC Zigzag Underway!

For the EURUSD pair, we can see the formation of the correction IV inside the large impulse. Cycle wave IV most likely takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary leg Ⓦ and the bearish intervening wave Ⓧ are completed. The final actionary wave Ⓨ could be in the process of development. […] The post EURUSD Final Minor ABC Zigzag Underway! appeared first on Orbex Forex Trading Blog.
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Unleashing the Forex Trader Within: Embracing Mindset and Motivation

 

In the world of forex, where uncertainty meets opportunity, it's essential to remember that your journey is not merely about numbers and charts. It's about embracing a mindset that propels you towards greatness, both as a trader and as an individual. So, in those moments when doubt creeps in or the market challenges your resilience, here's a message to inspire and uplift your spirits:

Embrace the power of persistence. Forex trading is not a path for the faint-hearted. It demands unwavering dedication and the will to persevere through ups and downs. Remember that every setback is an opportunity to learn, to refine your strategy, and to grow stronger. Stay committed to your goals, and let persistence be the driving force that propels you forward.

Embrace the art of patience. Forex is a realm where instant gratification is an illusion. Successful traders understand the value of patience, knowing that the market rewards those who wait for the right opportunities. Rome wasn't built in a day, and neither is a successful trading career. Cultivate patience, and allow it to guide your decisions, ensuring you don't rush into impulsive trades driven by emotions.

Embrace the wisdom of learning. Forex is a vast ocean of knowledge, and there's always something new to discover. Whether you're a seasoned trader or just starting your journey, commit to continuous learning. Stay curious, explore new strategies, and adapt to changing market dynamics. Knowledge will be your greatest ally, equipping you with the tools to navigate the unpredictable waters of the forex market.

Embrace the strength of discipline. Successful forex trading is built upon a solid foundation of discipline. It's the ability to stick to your trading plan, to manage risk effectively, and to resist the temptations of greed and fear. Cultivate discipline as your guiding principle, and it will empower you to make rational decisions, even in the face of uncertainty. Remember, discipline is the bridge that transforms dreams into reality.

Embrace the power of resilience. The forex market is not always kind, but it's during the toughest times that your true strength emerges. Embrace setbacks as valuable lessons, and let resilience fuel your determination. Bounce back from losses, recalibrate your strategy, and keep moving forward. Remember, it's not how many times you fall that defines you; it's how many times you rise.

Embrace the beauty of self-belief. Confidence is the cornerstone of success in forex trading. Trust in your abilities, in the knowledge you've acquired, and in the power of your intuition. Believe in yourself, even when others doubt you, and let your self-assurance guide your decision-making process. Remember, the most successful traders are those who dare to dream and have the audacity to believe in their dreams.

Forex trading is a challenging yet rewarding journey, and the path to success is not always linear. Embrace the inevitable ups and downs, for they are part of the process. Stay inspired, stay motivated, and remember that your greatest asset is not just the knowledge you possess, but the mindset with which you approach the market.

Wishing you unwavering determination, calculated risks, and abundant success on your forex journey.

FOREX-Yen stronger post-emergency meeting, dollar stays lower - Yahoo Finance

"It's been a one-way trade in the dollar all month long, and given the uncertainty around the (U.S. Federal Reserve) and the economic outlook ...

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Japan's Top FX Diplomat Kanda: Closely watching forex moves, will respond appropriately if ...

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All ...

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Debt ceiling deal and market breadth: What's next for forex? - FXStreet

All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful ...

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Best Forex Brokers in the MENA Region - Finance Magnates

We've explored some of the best forex brokers available in the MENA (Middle East and North Africa) region through this brief guide.

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FOREX-Yen strengthens on policymaker meeting, dollar gives up early gains

"It's been a one-way trade in the dollar all month long, and given the uncertainty around the [U.S. Federal Reserve] and the economic outlook ...

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All India Radio News on Twitter: "Forex market: #Rupee closes at 82 rupees and 72 paise against ...

All India Radio News · @airnewsalerts. Forex market: #Rupee closes at 82 rupees and 72 paise against US dollar. Forex market: #Rupee closes at 82 ...

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Gold Technical Analysis

On the daily chart below, we can see that gold sold off from the 2076 record high as stronger than expected US economic data made the market to reprice interest rates expectations on the hawkish side. Gold is inversely correlated with real yields and this hawkish repricing in the rates path saw real yields rising, ultimately weighing on gold. The price has now pulled back to our expected strong support zone where we find the upward trendline, the 1934 swing low level and the 50% Fibonacci retracement level. This will be a make-or-break moment for the buyers as a breakout would open the door for a bigger selloff into the 1800 swing point. Gold Technical Analysis On the 4 hour chart below, we can see that we now have also the downward trendline defining this latest downtrend. A break above the trendline would give the buyers more conviction for a return to the 2076 high. We can also notice that the recent swing low is diverging with the MACD. This is generally a sign of a weakening momentum and it’s often followed by pullbacks or reversals. So, if we see gold breaking above the trendline, the target will be the 1984 resistance and if that resistance fails, then we have high probabilities of seeing gold again at the 2076 level if not higher. On the 1 hour chart below, we can see that the bearish momentum looks exhausted as we start to see more rangebound price action near this strong support zone. The buyers are likely to pile in here targeting a break above the 1954 resistance and a rally towards the 1984 level. The sellers, on the other hand, may lean on that 1954 resistance to target the breakout of the 1934 support zone, but a more conservative and higher probability trade would be to just wait for gold to fall below the support zone to then target the 1800 level. This article was written by ForexLive at www.forexlive.com.
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Turnaround time for the US dollar - Forexlive

That's all in the past now as the USD has found legs. ... system vendors before investing any funds or opening an account with any Forex dealer.

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EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

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10 Best Forex VPS - Find Your Perfect Match HERE

Additionally, all expert advisors and trading styles are supported, providing traders with the flexibility to execute their trades as they see fit.

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XAUUSD good monday for all : r/Forex - Reddit

306K subscribers in the Forex community. Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas…

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FLASHBACK: Desist from buying and selling foreign currency or face prosecution - BoG warns public

The Bank also wants forex bureaus to demand IDs for all transactions. Persons engaged in the buying and selling of foreign currency to or from ...

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BTC/USD Forex Signal: Risk-On Sentiment Sets In - DailyForex

First, it will eliminate the risk of America's default, which would be bad for all assets. Second, it will lead to more US government debt in the ...

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S&P 500 Technical Analysis

On the daily chart below, we can see that the S&P 500 has gapped up at the futures open as McCarthy and Biden announced a debt ceiling deal over the weekend. This isn’t a surprise as the US has always raised the debt ceiling eventually. Nonetheless, the market this time may have been a bit more worried and the last week positive headlines on the deal gave the S&P 500 a boost. This may turn into a classic “buy the rumour, sell the fact” trade and the technicals can help with that. The price has closed the gap in overnight trading, and we will need to see another failure to confirm that this may indeed be a “sell the fact” type of trade. If this isn’t the case, then we should see the S&P 500 rallying all the way up to the 4324 resistance. S&P 500 Technical Analysis In the 4 hour chart below, we can see that last Friday the S&P 500 rallied into the weekend as we got positive headlines on the debt ceiling deal and the market positioned for a possible deal over the weekend. This strong rally took out also the previous high but got a bit overstretched, as depicted by the distance from the blue 8 period moving average. Generally, in such instances, the price consolidates or pulls back before another push into the original direction. In the 1 hour chart below, we can see that a possible pullback may bounce from the 4207 level where we can also find confluence with the 38.2% Fibonacci retracement level and the red 21 period moving average. The buyers are likely to lean on this level with defined risk just below it. The sellers, on the other hand, will want to see the price to fall below the 4175 level to confirm the “sell the fact” trade and target the 4120 support first and 4061 level next. This article was written by ForexLive at www.forexlive.com.
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House Speaker Mccarthy Says "not At All" Worried About Losing Sp… - Stock market news

HOUSE SPEAKER MCCARTHY SAYS "NOT AT ALL" WORRIED ABOUT LOSING SPEAKERSHIP BECAUSE OF DEBT-CEILING DEAL. Share. © Reuters - 2023. Most Read News.

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India's forex reserves decline to 593.48 bln USD in May | Macau Business

International, MNA | India's foreign exchange reserves declined by 6.05 billion U.S. dollars during the week ended May 19 to 593.48 billion U.S. ...

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Fxglobe Unveils Comprehensive New Fxglobe Academy | MENAFN.COM

FXGlobe Academy is a robust forex trading education center for traders of all experience levels. LIMASSOL, CYPRUS, May 28, 2023/einpresswire.com ...

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Polygon (MATIC) and Tron (TRX) Price Prediction: TMS Network (TMSN) Price ... - Bitcoinist

Tron (TRX) is 75.14% below its all-time high of $0.30. ... to trade cryptocurrencies, equities, forex, CFDs, and more, all from a single platform.

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India's forex reserves decline to 593.48 bln USD in May - Xinhua

India's foreign exchange reserves dropped to 593.48 billion U.S. dollars during the week ended May 19 after three consecutive weeks seeing the ...

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Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?

... Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.

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65. Gold hits downside target and BTC setup | Trading Opportunities (Forex, Commodities, Indices)

65. Gold hits downside target and BTC setup | Trading Opportunities (Forex, Commodities, Indices) · Key moments. View all · Key moments · Description.

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All eyes on Bank Negara | The Star

He said the immediate strategy should be to allow enterprises to store foreign currency in foreign exchange accounts to provide stability and ...

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The 5 Best Forex Trading Courses and Academies for 2022 - 2023

No, you don't have to get a doctorate degree to be a successful forex trader. You don't need a degree at all. What you do need is a willingness to ...

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META: Wave (iv) Found Buyers Within Blue Box Area - FXStreet

In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.

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US Dollar Technical Analysis: USD Turn Gathers Steam - FOREX.com

This highlights a clear directional move that drove all the way until that resistance trendline came into play. The current daily bar has a few hours ...

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India's Forex Reserves Drop By USD 6 Bn To USD 593.48 Bn - News18

It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. Follow us on. India's foreign ...

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Terms and Conditions : Yonna Forex

Yonna Forex does not provide investment advice, and we do not guarantee the accuracy or completeness of any information on our platform. 4. FEES.

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Forex News: 25/05/2023 - Dollar pauses for breath ahead of inflation data, tech rally eases

Fed rate cut bets continue to be priced out, all eyes on core PCE inflation. US dollar softer today but still headed for third weekly gain.

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Forex Prop Industry Weekly Overview! What's new?

Greetings to all! As we approach the conclusion of yet another week, Forex Prop Reviews is once again here to provide you with a Weekly overview ...

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Thursday's Forex Analytical Charts, May 25 | Kitco News

Buy Gold & Silver · Sell Gold & Silver · Our applications are powerful, easy-to-use and available on all devices. · Forex Charts - Jim Wyckoff ...

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GBP/USD Forecast: Market Volatility Prevails Amid Economic Concerns - DailyForex

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, ...

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Forex Trading Xl Review: Evaluating The Features And Offerings Of Xl Trading | Trade Wise

But that's not all – XL Trading also offers multiple account types with competitive fees and a dedicated customer support team to ensure your trading ...

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Turkey cenbank's net forex reserves negative for first time since 2002 | SaltWire

ANKARA (Reuters) - The Turkish central bank's net forex reserves dropped into negative ... Click here for information on becoming a member.

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Yuan Weakness Spooks China and Asia Ex-Japan Stock Markets - Action Forex

Fig 1: Correlation between CSI 300, HSCEI, MSCI All Country Asia ex Japan & USD/CNH as of 25 May 2023. (Source: TradingView, click to enlarge ...

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Nasdaq provides info on trading in MoneyGram International shares - FX News Group

Nasdaq has provided information regarding trading in the shares of MoneyGram International, Inc. (MGI) in connection with the anticipated closure ...

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Turkey Cenbank's Net Forex Reserves Negative for First Time Since 2002

Forex demand in Turkey surged to record levels ahead of May 14 on companies' and individuals' expectations that the lira, which lost 44% in 2021 and ...

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Turkey cenbank's net forex reserves negative for first time since 2002 - SaltWire

ANKARA (Reuters) - The Turkish central bank's net forex reserves dropped ... COVID-19 • Get the latest information from the CDC about COVID-19.

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AUD/USD long sentiment grows below 0.6600 | IG US

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange ...

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EUR/USD forecast: Sentiment sours ahead of FOMC minutes - FOREX.com

A close above 1.0850 would enhance the EUR/USD forecast for the bulls from a technical point of view. But on a macro front, all eyes remain firmly ...

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Gold Price Rangebound Below $1,984, All Eyes on FOMC - Forex Crunch

Today, the Reserve Bank of New Zealand increased the Official Cash Rate from 5.25% to 5.50%,… Regulated Forex Brokers. All Brokers ...

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FX option expiries for 24 May 10am New York cut - Forexlive

You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with ...

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Discover the Strongest Currency in the World: Top Rankings and Analysis - Capital.com

With foreign exchange (forex) trading being the biggest financial market in ... all help to strengthen economic policies and attract investment, ...

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Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference

For more information, please visit www.ally.com and follow @allyfinancial. ... Ally Invest Advisors, Ally Invest Securities, and Ally Invest Forex ...

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GBP/USD drifting lower ahead of UK inflation - MarketPulse

Headline CPI is expected to fall from 10.1% all the way to 8.3% y/y. ... an award winning forex, commodities and global indices analysis and news ...

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Latest News and Analysis for Traders of All Levels - Mitrade

As one of the most traded currency pair in the forex markets, the price of EURUSD affects many traders. Check out our EURUSD long-term forecast ...

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EURJPY regains traction, eyeing multi-year highs - Markets Overview Videos - provided by XM

Forex News. View All ... Previews & Special Reports. View All ... Forex Preview: 15/05/2023 - Could this week's data reenergize Bank of Japan ...

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GBP/USD Technical Analysis: Bearish Correction - DailyForex

Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most ...

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Everything you need to know about the Alibaba IPOs and spin offs - FOREX.com

Alibaba is separating itself into six businesses, most of which will pursue their own IPO, in the hope of unlocking value.

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Offset Forex CFD trading losses as an individual (not business) - all transactions in same FY

I am a PAYG and have traded in Forex CFDs from august -May (same FY) to the volume of $500,000 with trade volumes at more than 1000 trades.

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Sunset Market Commentary - Action Forex

WS opens with small gains. Japan's yen on currency markets is the underperformer but all is within tight ranges. USD/JPY rises to 138.40, EUR/JPY to ...

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Institutional FX Solutions - LSEG

Empowering the FX community with an end-to-end suite of trading venues, ... enhance, and deliver their services to all of their customers.

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Forex/Traders Meet & Greet, Wed, Jun 7, 2023, 7:00 PM | Meetup

We all know how lonely trading can be, the aim of this group is bring like-minded individuals together who are on a similar journey of becoming a ...

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MOEX Sees Strong Q1 Earnings despite FX Market Headwinds - Finance Magnates

Moscow Exchange (MOEX) generated RUB 1.47 billion in fees and commission income from its foreign exchange business in the first quarter of 2023.

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Monday morning open levels - indicative forex prices - 22 May 2023 | Forexlive

Prices are liable to swing around on not too much at all, so take care out there. Indicative rates: EUR/USD 1.0809; USD/JPY 137.98; GBP/USD 1.2449 ...

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Free forex PDF about mastering forex https://bit.ly/3IrNbus

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Forex trading XL on Instagram: “Backtesting a lot will help you recognize better zones to trade from

Trend Trading - Here's What It's All About — Forex Useful. #ForexUseful - Trend trading is not difficult once you know how and it's a great way to ...

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Biden says he won't agree to debt deal that protects crypto traders - Invezz

He said that all four US congressional leaders agree with him regarding a default not being an option. However, while he expects these leaders “to ...

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TMS Network (TMSN) Gains Huge Presale Appeal, Arbitrum (ARB) Reaches 200M ... - Bitcoinist

... including equities, stocks, forex, CFDs, and much more, all from a single platform. Moreover, in order to use the TMS Network (TMSN) platform, ...

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Newsquawk Week Ahead: Highlights include FOMC mins, US PCE, RBNZ, Flash PMIs

... Morgan Stanley expects a return to IG by all agencies ex-Moody's by ... The central bank also suggested a cautious approach due to large FX ...

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Tesla Stock Price Forecast: Technical Analysis and Trade Idea for Bulls (using Fib entry)

In this analysis, I will provide a detailed technical analysis of Tesla's stock price forecast, accompanied by a trade idea that utilizes a unique Fibonacci entry method. I discuss the recent price movements, identify potential patterns, and suggest a trade strategy for traders considering a Long position with TSLA stock. Please note that trading involves risk, and it is important to conduct thorough research and analysis before making any investment decisions. Analyzing Tesla's Stock on the Daily Time Frame Since late 2020, Tesla's stock has shown indications of a head and shoulders pattern on the daily time frame. The pattern consists of a left shoulder, a head, and a right shoulder. Following the failed attempt at forming the right shoulder and the subsequent break of the neckline, the stock experienced a significant drop, eventually reaching the measured move level. The measured move is determined by measuring the distance from the top of the pattern to the neckline break and projecting it downward. In this case, Tesla's stock price dropped from the top to the measured move level. Technical Analysis and Trade Idea for TSLA Bulls (using Fib entry) The above video provides further analyis on more recent price action, and creates a trade plan for gradual, step-by-step, 'scaling in' buys at increasingly lower prices. If the stock price is reached, the pre-made, exising buy orders will get filled. Futher points covered in the above video : * Tesla Stock Price Forecast 2023: Analysis and Fibonacci Trade Idea * Analyzing Tesla Stock: Technical Analysis and Head and Shoulders Pattern * Understanding the Bull Flag Pattern: Upside Potential for Tesla Stock * Fibonacci Entry Method: Optimizing Trade Entry Points for Tesla * Managing Risk and Targeting Profits: Stop Loss and Profit Targets Make sure you have watched the entire video above and feel free to subscribe you the ForexLive.com Youtube Channel and activate alerts to get notified as our videos are published. This article was written by Itai Levitan at www.forexlive.com.
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Elliott Wave Analysis of SP500 - May 22nd, 2023 - EWM Interactive

Unlimited access to all EW Pro analyses for the duration of your subscription. New analyses every Sunday ... EW Pro Forex 20 May 23.

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KOJO FOREX on Twitter: "All these cars are “vanity” but May you say it from your own experience ...

KOJO FOREX · @KojoForex. ·. 49m. Honestly, I've not driven my Mercedes Benz in over 5 weeks now lol. Is that not money/investment going to waste?

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Twitter Share Price Drops, Tradecurve (TCRV) Presale Tokens Set To Rally 80%

... transactions on the world's foreign exchange (FX) markets surpassed ... traders from all over the globe may trade stocks, Forex, commodities, ...

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Artificial Intelligence Stocks Run Wild: NVDA, PLTR, AI, UPST, GOOGL, MSFT all gain this week

Gulf Press > Business > Forex > Artificial Intelligence Stocks Run Wild: ... This week's performance is all the more impressive by the fact that ...

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Podcast - Stocks weaken as Debt-Limit Talks hit a Roadblock and on Fed Pause Hopes

... an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., ...

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(TWE) TeamWithERVING ©️ – Telegram

101 FOREX TRADING - The Smart Way to Make Money - The Most Affordable & Easy Way to Make Money ✓SUBSCRIBE https://bit.ly/3lStnDr | Enable ALL ...

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BitForex: Charting a New Course in the Crypto Landscape with Joseon | News Alarms

For more information about BitForex and its pioneering move into Joseon, visit www.bitforex.com. About BitForex: BitForex is a global exchange ...

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Major US stock indices open higher but there is some pause

The major US stock indices are trading higher but off premarket implied levels. Nvidia which has been a big gainer (rose $15 or 5% yesterday) is trading down by -$2.90 or -0.90%. Surprise surprise. PS Nvidia shares are still up 10.4% this week. Alphabet shares are outperforming trading higher by $2.53 or 2.07%. Alphabet shares are up 6.77% this week after rising by 11.31% last week. The snapshot of the market currently shows: * Dow industrial average up 26.97 points or 0.08% at 33562.89 * S&P index up 9.72 points or 0.23% at 4207.78 * NASDAQ index up 24.08 points or 0.19% at 12712.92 The S&P index is above the 4200 natural resistance level and also extending above the 100-week moving average at 4201.17. A close above that level would be the 1st close above since the August 15, 2022 trading week (see blue line in the chart below) In the US at that market: * 2-year yield 4.329% +6.1 basis points * 5-year yield 3.770% +7.3 basis points * 10-year yield 3.705% +5.7 basis points * 30 year yield 3.947% +4.7 basis points The expectations for the Fed Funds rate in January 2024 are still showing easing but are up from lows that extended toward 4.25%. The current implied rate is about 4.68%. This article was written by Greg Michalowski at www.forexlive.com.
http://dlvr.it/SpKcfM

Kenya's forex reserves plunge, worsening dollar crisis - Xinhua

NAIROBI, May 19 (Xinhua) -- Kenya's forex reserves declined 21 billion shillings (about 171 million U.S. dollars) this week, worsening the ...

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Smart Prop Trader 5% discount by Forex Prop Reviews!

Forex Prop Reviews has listed another prop firm, Smart Prop Trader, ... All you have to do is use the exclusive discount code provided ...

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USD/JPY analysis: Yen strengthens on hot inflation figures - FOREX.com

All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the ...

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2023 Testing Identifies the Lowest Forex Broker Raw Spread Account - PR Newswire

To find the brokers with the tightest spreads for such accounts, CompareForexBrokers conducted testing using 16 MetaTrader 4 forex brokers. All ...

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USD/JPY Eases from its 2023 Highs as Japan's Inflation Rose | FXCM Markets

[2] However, all 10 are components of the S&P 500, which tracks the ... Familiarity with the wide variety of forex trading strategies may help ...

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The USD is the strongest and the GBP is the weakest as the North American session begins

The USD is the strongest and the GBP is the weakest as the NA session begins. It is a holiday in most European countries in observance of Ascension Day (banks are closed). US yields are higher. US stocks are modestly higher. Walmart reported better earnings this morning with EPS coming in at $1.47 versus $1.32 expected. Revenues were higher at $152.3 billion versus $148.76 billion expected. Sales ex-gasoline were up 7.3% versus 5.1%. Walmart shares are trading at $151.81 versus $149.53 at the close yesterday. Oil prices have slightly dropped, awaiting the outcome of the debt limit talks. A successful agreement could bolster the prices. Yesterday, the inventory data showed a sharp build of 5.0 million barrels vs an expected draw of -1.2M barrels expected. The price moved higher by 2.78% (go figure). U.S. President Joe Biden is in Japan for the G7 meeting discussing key global issues, while the spotlight stays on the resolution of the debt ceiling talks back home. The President has expressed optimism, emphasizing that the U.S. "will not default" and citing ongoing negotiations with top Congress members. He is expected to return to Washington on Sunday to aid in reaching an agreement, which Republican leader Kevin McCarthy believes is feasible by the weekend. Despite guarded optimism, no formal resolution has been reached, and a potential government default looms as early as June 1. The day's economic agenda commences at 8:30 am with the release of the Canadian New Housing Price Index (NHPI) data. The forecast suggests a slight dip of -0.1%, compared to the previously recorded 0.0%. In the US at the same time, Unemployment Claims are expected to decrease to 254K from the previous count of 264K (the 4-week average was the highest since November 2021). The Philadelphia Fed Manufacturing Index is also set to be unveiled with an anticipated improvement to -19.8 from a previous -31.3. Recall, the Empire manufacturing index fell sharply on Monday (to -31.8 from 10.8 in the previous month). At 9:05 am, remarks from FOMC Member Jefferson are scheduled, followed by FOMC Member Barr at 9:30 am. Their commentary could provide valuable insights into the Federal Reserve's perspective on the state of the economy and monetary policy. At 10:00 am, the release of US Existing Home Sales data, is forecasted to decline to 4.30 million from the previous figure of 4.44 million. Additionally, the Conference Board Leading Index on a month-on-month basis is expected to report a smaller decrease of -0.6%, an improvement from the previous -1.2%. FOMC Member Logan is also slated to speak during this hour. The sharp decline is forecasting a recession in the US going forward (nothing new). A tentative release of the Bank of Canada's (BOC) Financial System Review is on the docket, with no specific time provided. At 11:00 am, remarks from the Bank of Canada's Governor Macklem are scheduled, potentially shedding light on Canada's monetary policy direction. Overnight, in the Asian Pacific session disappointing labor market data for April was released. Jobs in the economy shrunk while the unemployment rate jumped higher (however, the unemployment remains near record lows so it is not all bad). Nevertheless, the data today in addition to the subdued wages data published yesterday, along with other indications showing some steam coming out from the Australian economy should give the Reserve Bank of Australia reason enough to pause at its upcoming June 6 meeting. New Zealand PPI was lower than expectations. In other news, Montana is the first US state to ban TicTok. The decision is expected to be challenged in the courts. If the ban is maintained it will go into effect in January and will raise tensions between the US and China. A look around the markets is showing. * WTI crude oil is down $0.05 or -0.07% at $72.78 * Gold is down $5.70 or -0.29% at $1975.77 * Silver is down $0.18 or -0.84% at $23.54 * Bitcoin is back about the $27,000 level at $27,377. The price low reached $26,550. In the premarket for US stocks, the major indices are marginally higher after yesterday's gains: * Dow industrial average is up 14.23 points after yesterday's sharp 408.63-point rebound * NASDAQ index is up 37 points after yesterday's 157.51-point rise * S&P index is up 8.25 points after yesterday's 48.89-point rise Although it is a banking holiday in Europe, stocks continue to trade: * German DAX +1.64%. The price is near record highs at 16290. * Frances CAC +0.92% * UK's FTSE 100 +0.49% * Spain Ibex +0.64% in the US debt market, yields are higher: * 2-year yield 4.186% +3.0 basis points * 5-year yield 3.617% +2.6 basis points * 10-year yield 3.602% +2.1 basis points * 30-year yield 3.89% +1.1 basis points This article was written by Greg Michalowski at www.forexlive.com.
http://dlvr.it/SpGpfc

S&P 500 Technical Analysis

On the daily chart below for the S&P 500, we can see that the price action remains rangebound just beneath the 4175 level. This has been a really strong resistance and we can expect some quick rally once the price breaks out decisively with buyers jumping in aggressively and sellers folding fast. Overall, the market hasn’t done much since April as we’ve just been bouncing up and down between the 4175 resistance and the 4061 support. This is the type of market that chops out many traders that suffer from impatience. At the moment, it’s a waiting game until we get a clear breakout supported by a fundamental catalyst. In the 4 hour chart below, we can see that we have an even tighter range between the 4175 resistance and the 4120 support. Such compressions generally lead to big moves once the market breaks out. The big spike yesterday was due to positive news on the debt ceiling front, but it’s more likely that in case of a deal we get a “sell the fact” reaction rather than a rally. The risk events to watch next are the US Jobless Claims today and Fed Chair Powell speech tomorrow. In the 1 hour chart below, we can see more closely the tight range we’ve been stuck into since the start of May. A break above the 4175 level should lead to a quick rally into the 4206 high. That will be the last line of defence for the sellers as a break beyond that will lead to further upside into the 4300 area. On the downside, the sellers may lean again on the 4175 resistance and target the 4120 support first, and 4061 support next. Keep close eye on these levels. This article was written by ForexLive at www.forexlive.com.
http://dlvr.it/SpGpN3

Mexico central bank leaves benchmark interest rate unchanged at 11.25% - Forexlive

... foreign exchange depreciation due to international financial market ... MCB will closely monitor inflationary pressures and all factors ...

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How do i trade forex on thinkorswim?

This will bring up a list of all the forex pairs available on thinkorswim. To add a forex pair to your watchlist, simply click on the pair and ...

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Take your trading to new heights and achieve your goals with our top-notch program.

Forex Peace Army relies on banner advertising to keep it FREE for all. You can help too - please consider disabling AdBlocker while browsing our site.

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Cardano Is Down By 80% From Its All-time High: Is It Good To Buy ADA Now? - FXLeaders

What are Forex Trading Signals? ... How to Apply Forex Signals for Scalping? ... What Are Crypto Trading Signals? ... What Are Stock Trading Signals? How to ...

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Indian carrier IndiGo plans to double capacity by end of decade - Reuters

... saying that the increase in risk will raise leasing costs for all Indian airlines. ... helped by a 2.53 billion rupees boost from forex gains.

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British Pound Drifts Lower, Markets Eye Bailey Testimony - Action Forex

MarketPulse is a forex, commodities, and global indices research, analysis, and news site providing timely and accurate information on major ...

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XAUUSD Technical Analysis

On the daily chart below, we can see that after tapping into the record high at 2076, Gold started to fall as better than expected economic data lifted treasury yields and boosted the US Dollar. The price yesterday broke below a key trendline which is the base of an expanding wedge pattern. We should now see the price falling towards the 1930 level where we can also find the 50% Fibonacci retracement level and the major trendline. That support zone is expected to be really strong, and the buyers are likely to pile in there with defined risk below the trendline. The sellers, on the other hand, will want to see the price breaking below the support zone before piling in more aggressively and extend the selloff towards the 1800 level. XAUUSD technical analysis On the 4 hour chart below, we can see the breakout that happened yesterday after the better than expected US Retail Sales data. The sellers are now clearly in control and barring any negative news like a big miss in Jobless Claims tomorrow or Fed Chair Powell being dovish on Friday, gold should continue to fall towards the 1930 level. On the 1 hour chart below, we can see more closely the recent price action. The sellers should keep on piling in at the break of the swing low at 1985. If the breakout fails, the likely pullback should run towards the 2000 resistance where we can also find the 38.2% Fibonacci retracement level. The sellers will be waiting there with defined risk just above the resistance zone and the 1930 level as target. The buyers, on the other hand, will need a break above the trendline to regain some control and target the 2076 high. This article was written by ForexLive at www.forexlive.com.
http://dlvr.it/SpCrN8

Sunset Market Commentary - Action Forex

This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that ...

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USD/CAD goes on a 50-pip round trip. What's next. | Forexlive

"The Canadian data has proved resilient all year long and so has the Canadian dollar," said Adam Button, chief currency analyst at ForexLive. "There ...

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CAUTION: Bitcoin Is Following EVERY Previous Cycle. | They're All Wrong About The Markets!

Why Liquidity Matters More Than Anything Else w/ Raoul Pal & Michael Howell · THE BEST FOREX TRADING STRATEGY | KEEP IT SIMPLE · Tesla Stock's Next Big ...

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FOREX-Data and debt ceiling hoist dollar - Yahoo Finance

... All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Stephen Coates) ...

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EURJPY Forex Analysis - Retest & Failure At 148.39 Monthly Resistance - YouTube

If you would like to follow Duncan's forex trading analysis throughout the ... of ACY AU and ACY LTD, ACY Securities Pty Ltd. All rights Reserved.

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USDCAD Technical Analysis - Rangebound

On the daily chart below for USDCAD, we can see that after the fast selloff since the break of the 1.3553 level, the price bounced near the 1.33 handle and rallied quickly back to the 1.3553 resistance. The moves in USD/CAD have been aggressive lately with rallies and selloffs extending for hundreds of pips with almost no pullbacks along the way. In the bigger picture, the pair hasn’t been doing much as it’s still in a huge range between the 1.3225 support and the 1.39ish resistance. Both the central banks have been aggressive in their tightening cycle, and both are basically done on that front. The market is now focused on global growth and the if the central banks will need to hike again due to a persistently high inflation. On the 4 hour chart below, we can see the recent quick ups and downs. The moving averages have crossed to the upside but it looks like the sellers have enough strength to push back down. The key levels here are clear: we have the resistance at 1.3553 and the support at 1.3301. Buyers and sellers will be attentive to those two levels if the price breaks out either of them as the subsequent move may be again fast and strong. On the 1 hour chart below, we can see that after being rejected from the resistance at 1.3553, the price fell and made a lower low. This morning, we got a retest of a resistance level and now the sellers are in control and targeting the support zone at 1.3400 where we have also the 61.8% Fibonacci retracement level. The moving averages on this timeframe show that the bias is bearish and from a risk management perspective, the buyers would be better off leaning on the 1.34 support zone with a defined risk just below it. The sellers, on the other hand, will need to break below the support zone to extend the fall towards the support at the 1.33 handle. Today, we have the US Retail Sales report and it’s expected to be a market moving event, so watch out for that. This article was written by ForexLive at www.forexlive.com.
http://dlvr.it/Sp8rQp

What are the risks of forex trading? Is it worth investing a small amount of money into it?

 

The risks of forex trading include volatility, leverage, market unpredictability, counterparty risk, and operational risks. Forex markets can be highly volatile, leading to potential rapid and significant gains or losses. Leverage amplifies both profits and losses, increasing risk. The forex market can be unpredictable, influenced by numerous factors such as economic and political events, making it challenging to consistently predict price movements. Counterparty risk arises from the possibility of the broker or counterparty defaulting on their obligations. Operational risks involve technical issues, connectivity problems, and execution errors.

Investing a small amount of money in forex trading carries proportionally higher risks. The potential returns can be enticing, but it's crucial to consider your risk tolerance and the possibility of losing your investment. It's generally recommended to have a solid understanding of the forex market, employ risk management strategies, and have sufficient capital and experience before engaging in forex trading. It may be more suitable for individuals who are willing to invest significant time and effort in learning about the market and honing their trading skills. Consulting with a financial advisor or a professional trader can provide further guidance based on your specific circumstances.

Leading Forex Signal Provider | Elliott Wave Forecast

Forex signals and forecasts for all major currency pairs. Get reliable and accurate forex trading signals and learn the art of trading the right ...

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Forex Prop Forum: Your Ultimate Resource for Trading Strategies!

Forex Prop Forum is a popular online forum dedicated to Forex Proprietary Trading for traders to exchange ideas and share information!

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Do you have to submit all of your taxes when you file forex taxes? - Forex Academy

When it comes to filing taxes for forex trading, many traders wonder if they have to submit all of their taxes. The answer to this question is not ...

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Forex Analysis - USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

... @ACYSecuritiesAustralia Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors.

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EUR/USD outlook: Long-term view remains bullish - FOREX.com

Potential US Treasury default poses short-term downside risks to EUR/USD outlook; But resolution in debt ceiling talks should spur rally in all ...

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What are the forex sessions?

However, not all trading sessions are created equal, and traders must understand the different forex sessions to take full advantage of the ...

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FOREX ANALYSIS 5/16/2023 part 4

​SELL STOP EUR USD @ 1.08426

Sl. 1.11040

Tp. 1.06306

SELL STOP EUR CAD @ 1.46260

Sl. 1.50305

Tp. 1.44187

All on D1 TIMEFRAME. 

SEE THE PAIR THAT WILL TREND NOW

Analysis forex 5/16/2023 part 3

​BUY EUR GBP

TP. 0.87020

Sl. 0.86676

SEE THE FOREX PAIR THAT WILL TREND NOW

SIGNAL FOREX ANALYSIS FOR 5/16/2024 part 2

​BUY AUD USD

TP. 0.67553

Sl. 0.66555

BUY NZD CHF

TP. 0.56328

Sl. 0.55435

SELL AUD NZD

TP. 1.06704

Sl. 1.07630

BUY NZD USD

TP. 0.63129

Sl. 0.62025

SELL GBP NZD

TP. 1.99576

Sl. 1.01550

SELL GBP JPY

TP. 168.622

Sl. 171.140

SEE THE FOREX PAIR THAT WILL MOVE NOW

SIGNAL ANALYSIS FOREX 5/16/2023

​BUY AUD USD

TP. 0.67553

Sl. 0.66555

BUY NZD CHF

TP. 0.56328

Sl. 0.55435

SEE FOREX PAIR THAT WILL TREND NOW

AUD/USD Forex Signal: False Breakout Points to More Downside - DailyForex

These speeches will provide more information about what to expect from the Fed in the coming meetings. The Australian dollar will also react to ...

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Alpha Capital New May Updates - All in One Place! - Forex Prop Reviews

As we approach the mid of May, let us take a look at the May Updates by the prop firm, Alpha Capital Group.

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FXCM Market Talk - Your Trading & Finance Podcast (Ep. 77)

Central Banks Are All Over the Place Creating Uncertainty ... Familiarity with the wide variety of forex trading strategies may help traders adapt ...

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Promotion For Traders - Unifi Forex

We are passionate about all that we do, whether it's building online trading platforms or celebrating festivals. Learn More. Financial World - Unifi ...

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All India Radio News on Twitter: "In the forex market, the #rupee closed at 82 rupees and 30 paise ...

All India Radio News · @airnewsalerts. In the forex market, the #rupee closed at 82 rupees and 30 paise against the US dollar.

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Forex : A dead cat bounce? - Stock market news | MarketScreener

This expression is all the more relevant since cats are reputed to have seven lives. In any case, after weeks of underperformance, the U.S. dollar ...

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Dow Jones Technical Analysis

On the daily chart below, we can see that after getting close to the key 34477 resistance, the market sold off and the moving averages crossed to the downside. The sellers keep leaning on the red long period moving average to position for further downside, but the buyers keep fighting back strongly. Recently, the market fell as the US CPI report showed still too high inflation rates and the disinflationary trend slowing, especially for the Core data. The University of Michigan report last Friday missed expectations and the long-term inflation expectations surprised with a big jump. Fed Chair Powell once mentioned that they look at those expectations, so the market reacted on that. Although the data recently suggests that the Fed may need to raise rates in June again, it’s more likely that they will wait for another NFP and CPI report before moving on with another hike. Dow Jones Technical Analysis On the 4 hour chart below, we can see that the price action is choppy at the moment, with no clear direction or support and resistance level. We can just trust the structure with the swing low at 33182 as support and swing high at 33845 as resistance. The sellers are likely to lean on the red long period moving average and target a break of the low, while the buyers will want the price to break above the moving average to extend the rally towards the high and beyond. This week is bare on the data front with just the retail sales report tomorrow and Fed Chair Powell speech on Friday. In the 1 hour chart below, we can see the last Friday’s selloff and the bounce from the 33182 low. The buyers are eyeing the swing high at the 33540 level and a break above that level should lead to an extension towards the 33845 level. The 33540 level is likely to be the last line of defence in the near term for the sellers. This article was written by ForexLive at www.forexlive.com.
http://dlvr.it/Sp3Ln1

Wall Street Turns More Bullish on WalMart's Upcoming Earnings - FX Empire

We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your ...

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Forex blog: News and market reviews by PaxForex

Currency exchange market is known as the market that is open 24 hours a day, but this doesn't mean you have to be up all day and night.

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Argentina plans new rate hike, more FX intervention as inflation soars - Stock market news

Argentina plans new rate hike, more FX intervention as inflation soars. Today at 10:12 am ... All our articles. Most Read News.

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Master Forex Fundamentals - Bkforex - Found Course

Trading Tips for EUR, USD, GBP, JPY and More! Master Fundamentals and Make Forex Trading EASY… FUNDAMENTALS. STRATEGIES. MONEY MANAGEMENT. All the ...

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How many forex startegies have you had?

Traders who use technical analysis believe that all relevant information about a currency pair is reflected in its price and that patterns in ...

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Can you make $500 a day from Forex?

 

While it is possible to make money from Forex trading, consistently making $500 per day is not a guaranteed outcome, and it largely depends on several factors such as your trading strategy, capital investment, risk management, market conditions, and your skills as a trader.

Forex trading involves the buying and selling of currencies in the foreign exchange market. Traders aim to profit from the fluctuations in exchange rates between currency pairs. However, the Forex market is highly volatile, and it can be unpredictable at times. Profits and losses are part of the trading process, and it's important to have a realistic understanding of the risks involved.

To make $500 per day from Forex trading, you would need to achieve a consistent profit of $500 each trading day. While some professional and experienced traders may achieve such returns, it requires a significant amount of capital, knowledge, skill, and experience. Many traders experience losses or earn smaller profits, especially when starting out.

It's important to note that Forex trading involves substantial risk, and there are no guarantees of making a specific amount of money. It is recommended to approach Forex trading with caution, educate yourself, practice with demo accounts, and consider seeking guidance from experienced traders or financial professionals. Additionally, it's important to manage your risk effectively by using appropriate position sizing and stop-loss orders to protect your capital.

India's forex reserves rose to $595.976bn during week ending May 5: RBI - Sarkaritel.com

In October 2021, the country's forex reserves had reached an all-time high of $645 billion. The reserves have been declining as the central bank ...

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Liberty All-Star Equity Fund April 2023 Monthly Update - Benzinga

BOSTON, May 12, 2023 /PRNewswire/ -- Below is the April 2023 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

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Mitrade's Excellence Says It All: Wins Two Broker Awards, Debuts New iPad App

Mitrade claims the Fastest Growing Forex Fintech Broker Global (left) and Best Mobile CFD Trading Platform Asia Pacific (right) by Global Brands ...

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Forex Brokerage Scam - Melmac Solutions Limited

Nearly all retail forex traders will ultimately lose their money over time. WHY ARE PEOPLE BECOMING FOREX BROKERS' VICTIMS?

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SW Financial - FX News Group

SW Financial Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, ...

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India's forex reserves jump by $7.2 billion to $595.98 billion - Millennium Post

Mumbai: India's foreign exchange reserves jumped by $7.196 billion to ... In October 2021, the country's forex reserve had reached an all-time ...

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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that the price is breaking above the key 12274 resistance, but the question now is whether or not the buyers will be able to sustain it. The recent economic data has been giving conflicting signals, but the market seems to be leaning on the goldilocks scenario where the labour market remains resilient as shown by the strong NFP report recently and inflation slowly moderates towards the target as shown by the recent CPI coming in at 4.9% Y/Y. The big bullish flag is still valid and if the buyers manage to sustain the breakout, the target would be the 13000 level. A fakeout wouldn’t be good news, but the sellers have more work to do before getting full control. Nasdaq technical analysis On the 4 hour chart below, we can see that the price has been ranging just beneath the key resistance for over a month with just one failed probe at the end of April. This breakout is significant but unfortunately it is not sustained by a fundamental catalyst as the big miss in Jobless Claims yesterday should make the market worry about a deterioration in the labour market. Today we have the University of Michigan consumer sentiment report and the market is likely to focus on the inflation expectations figures as those ticked up considerably recently. On the 1 hour chart below, we can see more closely the range and the recent breakout. The buyers may pile in again if the price pulls back to the broken top of the range. The sellers, on the other hand, will want to see the price falling below the 12172 swing level to start positioning for another possible selloff towards the bottom of the channel. This article was written by ForexLive at www.forexlive.com.
http://dlvr.it/Snyync

Forex Trendy Review

 

Forex trading has always been an attractive option to many but its complexities act as a deterrent. If you are looking at trading in the Forex market, you would need some tools, some indicators, and a good trading platform to help you along. Here I’ve reviewed a popular ClickBank product – Forex Trendy. Let’s take an in-depth view into what this is!

Forex Trendy is a software-based Forex trading tool that does not require any downloads for use. It does an automatic study of 34 currency pairs across nine primary time zones (that’s 306 charts) and presents easy, actionable data for you. Forex trading, is an international trading process, is working around the clock. The currency pairs selected by the program are the more popular ones and include gold, silver, and oil. It helps detect the soundest trending ones.

You can purchase a three-month membership to begin, giving you access to a member’s area to which you can log in from any device and place. There are no downloads to be done at all! The member’s area contains live charts of trending currency pairs and automated analysis of "Triangles, Flags, Wedges and Trend Lines on 34 currency pairs and all time frames” as a bonus, states the website. This gives you an overview of trading setups with high probability ratios. There is also an automated pattern-finding tool included that analyses various charts and shows up emerging patterns saving you precious time and energy poring over complex charts, trying to figure out a pattern for yourself! I loved this feature!

An important point to note here is that Forex Trendy does not include a trading platform. You will require your own account at a Forex trading platform like MetaTrader or NinjaTrader or any other.

The Creators

Not much is known about who is actually behind the product. The product designer has successfully kept his identity a secret, so with even a bit of in-depth research, I could not locate a name that I could associate with the product. All we have is the name of the service – Forex Trendy, a company name. This product can be purchase online only and is a ClickBank associate.

Positives

Forex Trendy has a lot that’s going well for it. Here are some of the pros of the product:

• The alert system can be set up to be visual, audio as well as via emails or to your phone via an SMS. You can choose whatever suits you best.
• You do not have to deal with CDs or any downloads to your machine.
• You can choose to increase or decrease the trade frequency as per your individual requirement.
• The chart patterns are displayed in easy-to-understand visuals.
• You can opt for any trade platform to work with the actual trading. It does not restrict or recommend any one specific platform unlike most other products out there.
• You get a free ebook called “Understanding the Myths of Market Trends and Patterns” which is a plus and makes for informative reading material.
• With its wide range of currency pairs and chart analysis, it can bring to attention trends that even seasoned traders may miss at times!
• Priced at $37 for a three-month membership, it is one of the most reasonably-priced items in the Forex trading tools niche.

Negatives

Forex trading is never easy, and no product is perfect – you just need to know how to correctly use the tool you have to get what you want. Here are some areas where I found Forex Trendy to be lacking and could do with some face-lifting:

• A service like this should have a live chat option or someone who you can speak to in real-time. I would like to know that if I have an issue now, I can just reach out to someone to sort it out immediately – after all, the markets are live!
• It’s a targeted service better suited to manual trading. It does not get into automatic trades for you. So you are looking for software to run on auto-pilot while you sit back, this is not for you.
• This is not for complete beginners. You need a little know-how about the Forex market, be able to make your trades, and so on. If you’ve been in the Forex trading market even briefly, only then will you find this product helpful?
• The customer support could do better. The emails are answered fairly, and they are timely, but sometimes you just need more prompt actionable advice.

My Verdict

Overall, Forex Trendy has been around for years, and it has a lot of satisfied members so obviously, it is doing something right! I have seen a lot of 90% accuracy claims from actual users on forums. This builds my trust. Also, the charts inside the member’s area make sense to me; they are updated in real-time and have had reliable results. It’s not a scam, and that’s for sure! The 60-day money-back guarantee and low tie-in of a three-monthly membership plan make it a product you can definitely try out!

My advice is this: first learn all you can about Forex trading, try it a little on your own and then venture ahead with Forex Trendy- it will then surely guide you well.