Yesterday, as the Fed approached its last policy meeting of the year, the dollar index remained high and volatile, finally closing at 106.95, up 0.09%. U.S. Treasury yields were little changed after touching a one-month high earlier in the session, with the two-year yield at 4.266% and the 10-year yield at 4.403%. For now, retail sales rose more than expected in November, a sign consumers remain resilient. In addition, the probability of no rate cut in January has reached more than 80%, and only two rate cuts will be made next year. In this context, the dollar has remained strong, but has not broken further. What we need to watch out for now is whether the Fed will exceed market expectations. In my view, the Fed should signal a cautious stance and probably not be more aggressive in 2025. EUR/USD: 1st support: 1.0499 1st resistance: 1.0507 2nd support: 1.0493 2nd resistance: 1.0509 GBP/USD: 1st support: 1.2706 1st resistance: 1.2715 2nd support: 1.2701 2nd resistance: 1.2719

Yesterday, as the Fed approached its last policy meeting of the year, the dollar index remained high and volatile, finally closing at 106.95, up 0.09%. U.S. Treasury yields were little changed after touching a one-month high earlier in the session, with the two-year yield at 4.266% and the 10-year yield at 4.403%. For now, retail sales rose more than expected in November, a sign consumers remain resilient. In addition, the probability of no rate cut in January has reached more than 80%, and only two rate cuts will be made next year. In this context, the dollar has remained strong, but has not broken further. What we need to watch out for now is whether the Fed will exceed market expectations. In my view, the Fed should signal a cautious stance and probably not be more aggressive in 2025. EUR/USD: 1st support: 1.0499 1st resistance: 1.0507 2nd support: 1.0493 2nd resistance: 1.0509 GBP/USD: 1st support: 1.2706 1st resistance: 1.2715 2nd support: 1.2701 2nd resistance: 1.2719

The Fed will release its rate decision and updated dot plot on Wednesday afternoon local time, and is widely expected to cut rates by 25 basis points. RBC forecasts the dot plot will show just two rate cuts next year. The Fed's latest dot plot is expected to imply only two rate cuts in 2025, according to Royal Bank of Canada. The Treasury Department offered 20-year notes at a higher yield than they traded at before the issue. Us November retail sales rose 0.7% mom vs 0.50% expected, revised to 0.5% from 0.40% previously. Traders reduced bets on BOE rate cuts, pricing in a 25% probability of a third rate cut in 2025. Brazil's central bank took extraordinary steps to sell more than $3bn in a single day, halting the real's slide.

The Fed will release its rate decision and updated dot plot on Wednesday afternoon local time, and is widely expected to cut rates by 25 basis points. RBC forecasts the dot plot will show just two rate cuts next year. The Fed's latest dot plot is expected to imply only two rate cuts in 2025, according to Royal Bank of Canada. The Treasury Department offered 20-year notes at a higher yield than they traded at before the issue. Us November retail sales rose 0.7% mom vs 0.50% expected, revised to 0.5% from 0.40% previously. Traders reduced bets on BOE rate cuts, pricing in a 25% probability of a third rate cut in 2025. Brazil's central bank took extraordinary steps to sell more than $3bn in a single day, halting the real's slide.

on our app! Close alert Nick Mastrandrea Nick Mastrandrea Market Tea Leaves Follow Markets lower, nearly ANALYSIS | 09/23/2024 11:56:00 GMT USD: Dec '24 is Up at 100.625. Energies: Nov '24 Crude is Up at 71.26. Financials: The Dec '24 30 Year T-Bond is Down 13 ticks and trading at 124.17. Indices: The Dec '24 S&P 500 emini ES contract is 24 ticks Higher and trading at 5768.00. Gold: The Dec'24 Gold contract is trading Up at 2647.60.

on our app! Close alert Nick Mastrandrea Nick Mastrandrea Market Tea Leaves Follow Markets lower, nearly ANALYSIS | 09/23/2024 11:56:00 GMT USD: Dec '24 is Up at 100.625. Energies: Nov '24 Crude is Up at 71.26. Financials: The Dec '24 30 Year T-Bond is Down 13 ticks and trading at 124.17. Indices: The Dec '24 S&P 500 emini ES contract is 24 ticks Higher and trading at 5768.00. Gold: The Dec'24 Gold contract is trading Up at 2647.60.

The US Dollar (USD) is firmer overall on the session but has nudged off its earlier highs against its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes. DXY consolidation may extend

The US Dollar (USD) is firmer overall on the session but has nudged off its earlier highs against its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes. DXY consolidation may extend

Due to bullish wedge pattern in creation and downside trend on the daily time-frame, I see potential for the further downside movement...

Due to bullish wedge pattern in creation and downside trend on the daily time-frame, I see potential for the further downside movement...

The US Dollar trades in the green at the start of the US trading session. European PMIs collapsed in September, while US PMI's are holding up for now. The US Dollar Index pops higher and tries to reclaim 101.00.

The US Dollar trades in the green at the start of the US trading session. European PMIs collapsed in September, while US PMI's are holding up for now. The US Dollar Index pops higher and tries to reclaim 101.00.

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari published an essay in the Minneapolis Fed website on Monday, explaining why he supported the 50 basis points (bps) interest rate cut delivered by the central bank last week.

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari published an essay in the Minneapolis Fed website on Monday, explaining why he supported the 50 basis points (bps) interest rate cut delivered by the central bank last week.

Crude Oil advances higher after US PMI's lead the way. European PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven Greenback.

Crude Oil advances higher after US PMI's lead the way. European PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven Greenback.

Many brokers offer proprietary tools to enhance the trading experience. 1. Examples Social trading platforms (e.g., eToro) for copying successful traders. Advanced analytics dashboards for performance tracking. 2. Considerations Evaluate the reliability and usability of broker tools before committing.

Many brokers offer proprietary tools to enhance the trading experience. 1. Examples Social trading platforms (e.g., eToro) for copying successful traders. Advanced analytics dashboards for performance tracking. 2. Considerations Evaluate the reliability and usability of broker tools before committing.

USD/CHF may not break above its four-week range of 0.8400-0.8550, even if SNB thinks a strong CHF was curbing imported inflation and hurting Swiss exporters amid weak demand from Europe, DBS’s FX analyst Philip Wee

USD/CHF may not break above its four-week range of 0.8400-0.8550, even if SNB thinks a strong CHF was curbing imported inflation and hurting Swiss exporters amid weak demand from Europe, DBS’s FX analyst Philip Wee

Custom alerts notify traders of specific price levels or indicator conditions. 1. Platform Features MetaTrader: Built-in alert systems. TradingView: Customizable alerts based on technical criteria. 2. Uses Set alerts for breakout levels or trendline breaches. Monitor indicators like RSI crossing overbought levels.

Custom alerts notify traders of specific price levels or indicator conditions. 1. Platform Features MetaTrader: Built-in alert systems. TradingView: Customizable alerts based on technical criteria. 2. Uses Set alerts for breakout levels or trendline breaches. Monitor indicators like RSI crossing overbought levels.

Strong momentum suggests further US Dollar (USD) strength; the major resistance at 145.50 is likely out of reach. In the longer run, sharp advance reinforces view that USD could recover further to 145.50, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

Strong momentum suggests further US Dollar (USD) strength; the major resistance at 145.50 is likely out of reach. In the longer run, sharp advance reinforces view that USD could recover further to 145.50, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

Currency correlation tools help identify how currency pairs move relative to each other. 1. Correlation Examples Positive Correlation: EUR/USD and GBP/USD often move in the same direction. Negative Correlation: EUR/USD and USD/CHF tend to move in opposite directions. 2. Applications Avoid overexposure to correlated pairs. Use correlations to hedge positions.

Currency correlation tools help identify how currency pairs move relative to each other. 1. Correlation Examples Positive Correlation: EUR/USD and GBP/USD often move in the same direction. Negative Correlation: EUR/USD and USD/CHF tend to move in opposite directions. 2. Applications Avoid overexposure to correlated pairs. Use correlations to hedge positions.

The Dollar Index (DXY) to resume its depreciation into a lower 95-100 range through 2025 on the Fed’s rate-cutting cycle, DBS’s FX analyst Philip Wee notes. USD to go down in the following year

The Dollar Index (DXY) to resume its depreciation into a lower 95-100 range through 2025 on the Fed’s rate-cutting cycle, DBS’s FX analyst Philip Wee notes. USD to go down in the following year

Mobile apps enable trading on the go, ensuring traders can monitor positions and execute trades anytime. 1. Top Mobile Apps MetaTrader (MT4/MT5). TradingView. Broker-specific apps (e.g., Saxo Bank, IG, or OANDA). 2. Features to Look For Real-time price alerts. Seamless account synchronization. Charting and analysis tools.

Mobile apps enable trading on the go, ensuring traders can monitor positions and execute trades anytime. 1. Top Mobile Apps MetaTrader (MT4/MT5). TradingView. Broker-specific apps (e.g., Saxo Bank, IG, or OANDA). 2. Features to Look For Real-time price alerts. Seamless account synchronization. Charting and analysis tools.

app! Close alert AUD/USD exhibits strength above 0.6800 with RBA policy decision under spotlight NEWS | 09/23/2024 10:47:00 GMT | By Sagar Dua AUD/USD strengthens above 0.6800 with RBA policy on the horizon. The RBA is expected to leave interest rates unchanged on Tuesday. The US Dollar recovers amid growing uncertainty over the Fed’s interest rate outlook.

app! Close alert AUD/USD exhibits strength above 0.6800 with RBA policy decision under spotlight NEWS | 09/23/2024 10:47:00 GMT | By Sagar Dua AUD/USD strengthens above 0.6800 with RBA policy on the horizon. The RBA is expected to leave interest rates unchanged on Tuesday. The US Dollar recovers amid growing uncertainty over the Fed’s interest rate outlook.

Backtesting tools allow traders to evaluate strategies on historical data to assess effectiveness. 1. Backtesting Platforms MetaTrader Strategy Tester. Forex Tester 5: A dedicated software for detailed backtesting. 2. Simulation Features Replay historical price movements. Adjust risk parameters to test various scenarios. 3. Key Metrics to Analyze Win rate. Risk-reward ratio. Maximum drawdown.

Backtesting tools allow traders to evaluate strategies on historical data to assess effectiveness. 1. Backtesting Platforms MetaTrader Strategy Tester. Forex Tester 5: A dedicated software for detailed backtesting. 2. Simulation Features Replay historical price movements. Adjust risk parameters to test various scenarios. 3. Key Metrics to Analyze Win rate. Risk-reward ratio. Maximum drawdown.

1. News Sources Reuters, Bloomberg, and CNBC provide real-time market news. Twitter feeds of credible analysts can also offer timely insights. 2. Sentiment Analysis Tools like DailyFX Sentiment Reports show trader positioning and market bias. 3. Impact of News Monitor geopolitical events, interest rate changes, and central bank announcements.

1. News Sources Reuters, Bloomberg, and CNBC provide real-time market news. Twitter feeds of credible analysts can also offer timely insights. 2. Sentiment Analysis Tools like DailyFX Sentiment Reports show trader positioning and market bias. 3. Impact of News Monitor geopolitical events, interest rate changes, and central bank announcements.

The Bank of England's broad, trade-weighted sterling index is on its highs of the year, ING’s FX strategist Chris Turner notes. BoE's easing cycle to be repriced closer to that of the Fed

The Bank of England's broad, trade-weighted sterling index is on its highs of the year, ING’s FX strategist Chris Turner notes. BoE's easing cycle to be repriced closer to that of the Fed

Indicators provide insights into price trends, momentum, and market conditions. 1. Trending Indicators Moving Averages (SMA, EMA): Identify trend directions and potential reversals. Bollinger Bands: Highlight volatility and potential breakout zones. 2. Momentum Indicators Relative Strength Index (RSI): Measures overbought or oversold conditions. MACD (Moving Average Convergence Divergence): Shows momentum and trend direction. 3. Volume Indicators Volume Profile: Displays trading volume at specific price levels. On-Balance Volume (OBV): Indicates cumulative buying or selling pressure.

Indicators provide insights into price trends, momentum, and market conditions. 1. Trending Indicators Moving Averages (SMA, EMA): Identify trend directions and potential reversals. Bollinger Bands: Highlight volatility and potential breakout zones. 2. Momentum Indicators Relative Strength Index (RSI): Measures overbought or oversold conditions. MACD (Moving Average Convergence Divergence): Shows momentum and trend direction. 3. Volume Indicators Volume Profile: Displays trading volume at specific price levels. On-Balance Volume (OBV): Indicates cumulative buying or selling pressure.