Economic Calendar Monday- Bank Holidays for Australia, New Zealand, Switzerland, France, and Germany Tuesday- Cash Rate for AUD Thursday- EUR monetary policy statement Friday- US CPI Forex EURUSD EURUSD Daily Chart EURUSD’s retracement momentum has slowly faded with a 50 daily moving average applying bearish pressure. 1.0800 is the next resistance level where most traders […]
Amazon will be performing a 20:1 split on June 3rd, 2022. As a result, we will be adjusting the open prices / volumes of all open tickets to account for the 20:1 split after the June 2nd US stock market close / before the June 3rd, US stock market open. Example: Old: Client Buys 100 […]
Economic calendar Bank holiday in the UK NFP Interesting Trade Ideas Apple’s to have the first death cross in 3 and a half years. Usually stock tumbles as the 50 moving average crosses over the 200 moving average to the downside on the daily timeframe. Fundamentals-wise, apple’s annual WWDC is happening in 3 days and […]
Economic Calendar Important Events This Week Monday- USD Bank Holiday Wednesday- CAD interest rates Thursday- GBP, EUR Bank Holiday, ADP Non-Farm Employment Change Friday- GBP Bank Holiday, NFP Covid in China China recorded less than 100 new cases yesterday. Lockdowns may soon be lifted, manufacturing and consumption will be ramped up and global supply chains […]
What is the FOMC? FOMC stands for Federal Open Market Committee, a branch of the Federal Reserve System Who is on the committee? – President of the Federal Reserve Bank of New York– 7 members of the Board of Governors– 4 Reserve Bank Presidents on a rotating basis Why do they meet? The members meet […]
Economic calendar Wednesday – New Zealand official cash rate/ FOMC meeting minutes Forex EURUSD EURUSD Daily Chart The Euro strengthened against the greenback over the past 10 days and is just dancing on the 1.0600 level as we speak. 1.0650 will act as the immediate resistance standing in the way of the bulls while the […]
Economic calendar Wednesday – New Zealand official cash rate/ FOMC meeting minutes Forex EURUSD EURUSD Daily Chart. Source: TradingView The Euro strengthened against the greenback over the past 10 days and is just dancing on the 1.0600 level as we speak. 1.0650 will act as the immediate resistance standing in the way of the bulls […]
Economic Calendar Monday- UK Monetary Policy Report Hearing Wednesday- Fed Chair Powell speaks, UK CPI, Canadian CPI Saturday- Australia election EURUSD EURUSD Weekly Chart. Source: TradingView If we take a step back and look at the weekly chart on EURUSD, we can see that parity is not so far away. It is currently just sitting […]
There are no important economic events to end the week, however, volatility remains high across the market with participants continuously monitoring global macroeconomic developments, from the ongoing Russian war, China’s lockdown, EU’s oil embargo to the buffed-up USD and the most recent crash in Luna and Terra. XAUUSD XAUUSD H4 Chart. Source: TradingView Gold is […]
