y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Pound Sterling corrects while BoE less-dovish bets keeps outlook firm NEWS | 09/25/2024 14:26:01 GMT | By Sagar Dua The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter's outlook remains vulnerable. BoE Governor Andrew Bailey sees a gradual decline in interest rates. Investors await the US PCE inflation data for August on Friday for fresh clues on the Fed’s interest rate prospects.

y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Pound Sterling corrects while BoE less-dovish bets keeps outlook firm NEWS | 09/25/2024 14:26:01 GMT | By Sagar Dua The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter's outlook remains vulnerable. BoE Governor Andrew Bailey sees a gradual decline in interest rates. Investors await the US PCE inflation data for August on Friday for fresh clues on the Fed’s interest rate prospects.

Potential for the further rally on the USD/JPY due to the shift in the trend dynamic from bearish to bullish last week..

Potential for the further rally on the USD/JPY due to the shift in the trend dynamic from bearish to bullish last week..

Scenario: Trading GBP/USD with a Trend-Following Strategy 1. Step 1: Identify an uptrend using the 50-day moving average. 2. Step 2: Wait for a pullback to a key support level near the moving average. 3. Step 3: Enter a long trade when the price shows a bullish candlestick pattern, such as a hammer. 4. Step 4: Place a stop-loss just below the recent swing low. 5. Step 5: Set a take-profit target at the next resistance level or a 1.5:1 risk-to-reward ratio.

Scenario: Trading GBP/USD with a Trend-Following Strategy 1. Step 1: Identify an uptrend using the 50-day moving average. 2. Step 2: Wait for a pullback to a key support level near the moving average. 3. Step 3: Enter a long trade when the price shows a bullish candlestick pattern, such as a hammer. 4. Step 4: Place a stop-loss just below the recent swing low. 5. Step 5: Set a take-profit target at the next resistance level or a 1.5:1 risk-to-reward ratio.

1. Trend-Following Strategy Identify the dominant trend and trade pullbacks within it. For example, buy during retracements in an uptrend and sell during rallies in a downtrend. 2. Breakout Strategy Trade when the price breaks through key support or resistance levels, signaling a new swing. 3. Reversal Strategy Look for overbought/oversold conditions and reversal patterns to trade against the prevailing trend. 4. Fibonacci Swing Trading Use Fibonacci retracement levels (e.g., 38.2%, 50%, 61.8%) to enter trades during pullbacks in a trend.

1. Trend-Following Strategy Identify the dominant trend and trade pullbacks within it. For example, buy during retracements in an uptrend and sell during rallies in a downtrend. 2. Breakout Strategy Trade when the price breaks through key support or resistance levels, signaling a new swing. 3. Reversal Strategy Look for overbought/oversold conditions and reversal patterns to trade against the prevailing trend. 4. Fibonacci Swing Trading Use Fibonacci retracement levels (e.g., 38.2%, 50%, 61.8%) to enter trades during pullbacks in a trend.

y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Sunil Kumar Dixit Sunil Kumar Dixit SK Charting Follow Gold eases from $2,670 – Dips will attract buyers again as bulls eyeing $2,700-$2,770 ANALYSIS | 09/25/2024 07:13:00 GMT More than 500 dead in Lebanon as Israeli air strikes bomb 1600 targets. Strong safe haven demand fuelling spike in Gold prices, reach $2,670. Despite overbought conditions, Gold refuses to look back, $2,700 eyed. Any pullback towards support zone $2,610-$2,570 will be value bargain.

y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Sunil Kumar Dixit Sunil Kumar Dixit SK Charting Follow Gold eases from $2,670 – Dips will attract buyers again as bulls eyeing $2,700-$2,770 ANALYSIS | 09/25/2024 07:13:00 GMT More than 500 dead in Lebanon as Israeli air strikes bomb 1600 targets. Strong safe haven demand fuelling spike in Gold prices, reach $2,670. Despite overbought conditions, Gold refuses to look back, $2,700 eyed. Any pullback towards support zone $2,610-$2,570 will be value bargain.

1. Identify the Trend Use technical tools to determine whether the market is trending or range-bound. 2. Find a Swing Point Look for price pullbacks or bounces at key support or resistance levels. 3. Enter the Trade Enter after confirming the trend continuation or reversal using indicators or patterns. 4. Set Stop-Loss and Take-Profit Levels Place stop-losses below support (for long trades) or above resistance (for short trades). Use previous swing highs/lows as profit targets. 5. Monitor the Trade Check periodically to ensure the trade is following the anticipated path. Adjust stop-loss levels to lock in profits if the price moves favorably.

1. Identify the Trend Use technical tools to determine whether the market is trending or range-bound. 2. Find a Swing Point Look for price pullbacks or bounces at key support or resistance levels. 3. Enter the Trade Enter after confirming the trend continuation or reversal using indicators or patterns. 4. Set Stop-Loss and Take-Profit Levels Place stop-losses below support (for long trades) or above resistance (for short trades). Use previous swing highs/lows as profit targets. 5. Monitor the Trade Check periodically to ensure the trade is following the anticipated path. Adjust stop-loss levels to lock in profits if the price moves favorably.

y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert US Dollar Index Price Forecast: The bearish vibe prevails below 100.50 NEWS | 09/25/2024 06:50:42 GMT | By Lallalit Srijandorn The US Dollar Index softens around 100.35 in Wednesday’s early European session. The negative outlook of the index prevails below the key 100-day EMA, with the bearish RSI indicator. The initial support level emerges at 100.25; the first upside barrier is seen at 101.23.

y if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert US Dollar Index Price Forecast: The bearish vibe prevails below 100.50 NEWS | 09/25/2024 06:50:42 GMT | By Lallalit Srijandorn The US Dollar Index softens around 100.35 in Wednesday’s early European session. The negative outlook of the index prevails below the key 100-day EMA, with the bearish RSI indicator. The initial support level emerges at 100.25; the first upside barrier is seen at 101.23.

1. Moving Averages Use the 50-day and 200-day moving averages to identify trends and crossovers. 2. Relative Strength Index (RSI) Identify overbought or oversold conditions for potential reversals. 3. Fibonacci Retracement Measure potential support or resistance levels during pullbacks. 4. MACD (Moving Average Convergence Divergence) Identify momentum and potential reversals with signal line crossovers. 5. Bollinger Bands Analyze volatility and look for breakout opportunities.

1. Moving Averages Use the 50-day and 200-day moving averages to identify trends and crossovers. 2. Relative Strength Index (RSI) Identify overbought or oversold conditions for potential reversals. 3. Fibonacci Retracement Measure potential support or resistance levels during pullbacks. 4. MACD (Moving Average Convergence Divergence) Identify momentum and potential reversals with signal line crossovers. 5. Bollinger Bands Analyze volatility and look for breakout opportunities.

Gold Gold soared from first support at 2619/17 then shot higher to all my targets of 2633/35, 2642/44, 2648/50 & 2655 exactly as predicted. We reached a new all time high of 2670 & of course the outlook remains positive.

Gold Gold soared from first support at 2619/17 then shot higher to all my targets of 2633/35, 2642/44, 2648/50 & 2655 exactly as predicted. We reached a new all time high of 2670 & of course the outlook remains positive.

Market pricing for another 50-basis point rate cut from the Fed in November is what is now driving things, with stocks continuing to extend record highs, accompanied by surging commodities – including record highs for gold, and a falling US Dollar.

Market pricing for another 50-basis point rate cut from the Fed in November is what is now driving things, with stocks continuing to extend record highs, accompanied by surging commodities – including record highs for gold, and a falling US Dollar.

1. Overnight Risks Holding trades overnight exposes positions to market gaps and news events. 2. Discipline Required It can be tempting to exit trades too early or overtrade, disrupting the strategy. 3. Trend Reversals Sudden trend changes can result in losses if not managed properly.

1. Overnight Risks Holding trades overnight exposes positions to market gaps and news events. 2. Discipline Required It can be tempting to exit trades too early or overtrade, disrupting the strategy. 3. Trend Reversals Sudden trend changes can result in losses if not managed properly.

Here is what you need to know on Wednesday, September 25: Following another record close for Wall Street indices, the Asian equity markets also maintained a buoyant tone, led by the ongoing rally in Chinese stocks. The market’s optimism was enhanced by the People’s Bank of China (PBOC) cut to the one-year Medium-term Lending Facility (MLF) rate from 2.30% to 2.0%. The MLF rate reduction is one such measure among a host of other stimulus efforts rolled out by China lately to spur economic growth.

Here is what you need to know on Wednesday, September 25: Following another record close for Wall Street indices, the Asian equity markets also maintained a buoyant tone, led by the ongoing rally in Chinese stocks. The market’s optimism was enhanced by the People’s Bank of China (PBOC) cut to the one-year Medium-term Lending Facility (MLF) rate from 2.30% to 2.0%. The MLF rate reduction is one such measure among a host of other stimulus efforts rolled out by China lately to spur economic growth.

1. Flexible Time Commitment Suitable for part-time traders since it doesn’t require constant monitoring like day trading. 2. Captures Larger Moves Swing trading focuses on more significant price swings, offering the potential for higher returns. 3. Lower Transaction Costs Fewer trades mean reduced costs from spreads and commissions. 4. Less Stressful Unlike scalping or day trading, swing trading avoids the high-pressure environment of constant market watching.

1. Flexible Time Commitment Suitable for part-time traders since it doesn’t require constant monitoring like day trading. 2. Captures Larger Moves Swing trading focuses on more significant price swings, offering the potential for higher returns. 3. Lower Transaction Costs Fewer trades mean reduced costs from spreads and commissions. 4. Less Stressful Unlike scalping or day trading, swing trading avoids the high-pressure environment of constant market watching.

EUR/GBP drifts higher to 0.8345 in Wednesday’s early European session. The BoE’s dovish stance continues to weigh on the Pound Sterling. The downbeat German IFO reports have added to German recession fears, which might cap the cross’s upside.

EUR/GBP drifts higher to 0.8345 in Wednesday’s early European session. The BoE’s dovish stance continues to weigh on the Pound Sterling. The downbeat German IFO reports have added to German recession fears, which might cap the cross’s upside.

And we’ve saved you a spot in our exclusive raffle… But only if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Gavin Pearson Gavin Pearson Independent Analyst Follow Riding the wave: Trading AUD, USD, GBP, and JPY in a shifting global landscape ANALYSIS | 09/25/2024 05:16:38 GMT Welcome, this report focuses on the AUD/USD, USD/CAD, and GBP/JPY, exploring the forces driving these pairs. We'll draw insights from recent data, central bank actions, and geopolitical developments. The Fed's surprise rate cut last week sent the USD tumbling and boosted commodity currencies. The BoE, however, took a more cautious path. These diverging monetary policies dominate current market narratives.

And we’ve saved you a spot in our exclusive raffle… But only if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert Gavin Pearson Gavin Pearson Independent Analyst Follow Riding the wave: Trading AUD, USD, GBP, and JPY in a shifting global landscape ANALYSIS | 09/25/2024 05:16:38 GMT Welcome, this report focuses on the AUD/USD, USD/CAD, and GBP/JPY, exploring the forces driving these pairs. We'll draw insights from recent data, central bank actions, and geopolitical developments. The Fed's surprise rate cut last week sent the USD tumbling and boosted commodity currencies. The BoE, however, took a more cautious path. These diverging monetary policies dominate current market narratives.

’ve saved you a spot in our exclusive raffle… But only if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert EUR/JPY Price Forecast: Edges higher to mid-160.00s, remains confined in weekly range NEWS | 09/25/2024 05:08:39 GMT | By Haresh Menghani EUR/JPY attracts buyers for the second straight day, albeit remains below the weekly top. The technical setup supports prospects for a breakout through the weekly trading range. A convincing break below the 159.00 mark is needed to negate the near-term positive bias.

’ve saved you a spot in our exclusive raffle… But only if you’re quick enough to join the Telegram channel and click on the description to participate! Close alert EUR/JPY Price Forecast: Edges higher to mid-160.00s, remains confined in weekly range NEWS | 09/25/2024 05:08:39 GMT | By Haresh Menghani EUR/JPY attracts buyers for the second straight day, albeit remains below the weekly top. The technical setup supports prospects for a breakout through the weekly trading range. A convincing break below the 159.00 mark is needed to negate the near-term positive bias.

USD/CHF faces challenges due to rising dovish sentiment surrounding the Fed’s policy outlook. The weaker US Consumer Confidence Index contributes to dovish expectations for the Fed for its upcoming policy decisions. The Swiss Franc may struggle as SNB is expected to implement a 25 basis point rate cut on Thursday.

USD/CHF faces challenges due to rising dovish sentiment surrounding the Fed’s policy outlook. The weaker US Consumer Confidence Index contributes to dovish expectations for the Fed for its upcoming policy decisions. The Swiss Franc may struggle as SNB is expected to implement a 25 basis point rate cut on Thursday.

Oil prices climbed Friday, with Brent at $74.17 (+1.2%) and WTI at $70.60 (+1.4%), buoyed by a larger-than-expected 4.2M barrel draw in US crude stocks and optimism over CN's economic outlook. Both benchmarks gained 1.4% for the week. Geopolitical risks in Russia-Ukraine and Middle East tensions loom, while Trump's incoming administration adds uncertainty over sanctions enforcement in 2025. #Oil #WTI #Brent #CrudeOil #EnergyMarkets #SupplyDemand

Oil prices climbed Friday, with Brent at $74.17 (+1.2%) and WTI at $70.60 (+1.4%), buoyed by a larger-than-expected 4.2M barrel draw in US crude stocks and optimism over CN's economic outlook. Both benchmarks gained 1.4% for the week. Geopolitical risks in Russia-Ukraine and Middle East tensions loom, while Trump's incoming administration adds uncertainty over sanctions enforcement in 2025. #Oil #WTI #Brent #CrudeOil #EnergyMarkets #SupplyDemand

The US dollar is on track for its strongest year since 2015, fueled by robust economic growth, a cautious Fed rate-cut outlook, and Trump’s tariff threats. The Bloomberg Dollar Spot Index has surged over 7%, outpacing all major currencies. “The dollar’s strength reflects the US economy’s resilience,” said Barclays’ Skylar Montgomery Koning. “Higher US rates compared to peers sustain its dominance.” While Wall Street sees further gains in 2025, global growth recovery could weigh on the dollar later. The yen, krone, and NZ dollar have fallen over 10% this year, while the euro nears $1.04, with parity risks ahead. Bullish dollar bets hit $28.2 billion, the highest since May. Goldman Sachs notes upside risks if US growth remains strong despite protectionist measures.

The US dollar is on track for its strongest year since 2015, fueled by robust economic growth, a cautious Fed rate-cut outlook, and Trump’s tariff threats. The Bloomberg Dollar Spot Index has surged over 7%, outpacing all major currencies. “The dollar’s strength reflects the US economy’s resilience,” said Barclays’ Skylar Montgomery Koning. “Higher US rates compared to peers sustain its dominance.” While Wall Street sees further gains in 2025, global growth recovery could weigh on the dollar later. The yen, krone, and NZ dollar have fallen over 10% this year, while the euro nears $1.04, with parity risks ahead. Bullish dollar bets hit $28.2 billion, the highest since May. Goldman Sachs notes upside risks if US growth remains strong despite protectionist measures.

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,140.92 Indian Rupees (INR) per gram, broadly stable compared with the INR 7,137.65 it cost on Tuesday.

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,140.92 Indian Rupees (INR) per gram, broadly stable compared with the INR 7,137.65 it cost on Tuesday.