What is the RSI and how does it work A quick search about Forex indicator will yield millions of results – 11.2 million results in fact. So once you’ve cut your teeth trading and you’re ready to graduate to a more technical way where do you start?
Trend line break at 129.16 The EURJPY has gotten a boost on the surge higher in the EURUSD. In the process, the pair has moved above a topside trend line at 129.16. That is a risk for the longs now.
Buyers show up The dollar is the weakest currency of the majors today and that is fueling a rally in the price of gold. The precious metal has been ignoring all the trade tensions and political concerns that perhaps in the past had led to a flight into gold and instead been focused on the…
Speaks to CPI, tariffs and normalizing policy Poloz will be on a panel tomorrow. That will be the last time he will be speaking before the September meeting.
The USD was lower this week The week is coming to an end and the strongest currency of the majors is the EUR. The weakest is the JPY as global stocks rebounded and that took traders out of the relative safety of the JPY (or so they say). The USD was also lower on the…
It may be a stretch but the 100 day MA is eyed The USDCAD is pushing lower. Helping the fall is a run higher in oil and commodities. That tends to help the risk/commodity currencies like the AUD and CAD and indeed they are the strongest currencies today. A weaker USD is also helping of…
German Dax, France’s Cac and UK FTSE up 0.3% The 0.3% is wild today with the German Dax, France’s CAC and UK FTSE all up by that amount in trading today: For the week, the European shares were also higher.
Comments by China’s FX trading platform, ChinaMoney – Yuan is able to keep stable at equilibrium levels – There are pro-cyclical activities in the FX market – They are affected by trade frictions, stronger dollar index ForexLive
Forex news from the European trading session – 24 August 2018 Headlines: Markets: – AUD leads, JPY lags behind – European equities higher on the day – Gold up 0.49% to $1,191.39
John Bolton says sanctions against Russia to remain in place until there is change in Russia’s behaviour
Trump’s national security adviser John Bolton is speaking in Kiev here ForexLive