Trading idea for the Dollar Index (DXY) dated July 26, 2024During the Asian session on Friday, the dollar index (DXY) continues to consolidate around 104.00. The volatility of currency pairs is low, as traders expect the publication of important macroeconomic data from the United States, which may affect the prospects for monetary policy of the Federal ...
USD/JPY is near the 153.65 mark, while the yen remains stable due to neutral macroeconomic statistics, which in this case plays the role of support.The consumer price index in Tokyo remained at 2.3% year-on-year, while the core index excluding fuel and food prices increased slightly from 2.1% to 2.2%. The price index for corporate services increased from 2.7% to ...
FOREX Fundamental analysis for EUR/USD on July 26, 2024Desire is not harmful, its absence is harmful. Donald Trump is aiming for a weak dollar, but the facts tell a different story: from a fundamental point of view, the American currency is not overvalued. Finance Minister Janet Yellen notes that in recent years the United States has maintained a "hawkish" ...
EUR/USD: macroeconomic data did not contribute to the strengthening of the euroAlthough the US dollar is showing a decline, the EUR/USD exchange rate continues to follow the corrective trend, being at the level of 1.0837.The latest macroeconomic data did not support the euro: in July, the business activity index in the French manufacturing sector fell from ...
GBP/USD analysis on July 25, 2024After a significant increase at the beginning of the month, this week, against the background of the correction of the US dollar, the quotes of the GBP/USD pair turned down. During Thursday's Asian session, the pair is trading near the 1.2888 level.The movement of sterling is coordinated by UK macroeconomic statistics. The ...
On Thursday, AUD/USD stabilized near the 0.6547 mark and continues to form the "expanding formation" pattern with dynamic boundaries between 0.6800 and 0.6300.Analysts are discussing possible steps by the Australian monetary authorities. Deutsche Bank points to household doubts about achieving the inflation target of 2.0–3.0%, confirmed by a survey by the Melbourne ...
FOREX Fundamental analysis for EUR/USD on July 25, 2024The recent rise in the EUR/USD exchange rate from support at 1.825-1.0835 was triggered by rumors of an economic cooling in the United States and the beginning of Kamala Harris's "honeymoon". However, positive US PMI data and a drop in stock indices through currency correlation returned the advantage to ...
EUR/USD: analysts' expectations on the EU economy have not been metThe EUR/USD exchange rate is falling against the background of the weakening of the US dollar, reaching the level of 1.0832.Macroeconomic data did not confirm expectations, putting pressure on the euro: in July, the business activity index in the French manufacturing sector fell to 44.1 from ...
In the second quarter of 2023, the German economy stagnated, and before that it declined for two consecutive quarters. Among most economists, this dynamic is considered a sign of a recession. Meanwhile, the key index of business sentiment compiled by the Munich-based ifo Institute based on a survey of more than nine thousand companies fell for the fourth time in a row, ...
The world is moving toward green energy today, and copper is the clear "beneficiary" of this. Renewable energy sources (RES) - solar panels, wind turbines, electric cars, and chargers for them - are in dire need of this metal.For example: about 40 million electric cars are expected to be commissioned by the end of 2023. They need 2.5 times as much copper as cars ...
Changee is a modern exchange service that provides users with the best exchange rates for their cryptocurrency transactions. The platform's new rate selection system ensures that users get the best possible rate for their exchanges. The service is user-friendly and completely transparent, making it a popular choice for cryptocurrency ...
"History repeats itself" is a well-known expression, which is based on the hypothesis that the development of society is a cycle of certain events and phenomena, and that history, like economics, is characterized by cyclicity. Considering that history does not only record the heyday of empires, and that the cycle of the economy always goes through crises, it becomes ...
OPEC+ is markedly reducing oil production - in fact, the exporting countries will pump about 1 million barrels less per day. We have written earlier on why this is so.As a result, supply at the market has become lower, so prices have gone up and are approaching $100 per barrel again.What will the U.S. do after the OPEC+ statement?The coming energy ...
Apple CEO Tim Cook said that the word "meta-universe" is still misunderstood by the vast majority of people in the world. That's why Apple is trying to avoid the term. The company has mentioned it once. But Meta (recognized as an extremist organization) has used the word "meta-universe" 36 times in its reports this year.And before, Apple was not afraid to set trends ...
Credit Suisse and Lehman Brothers: will the Swiss bank repeat the story of 2008?Swiss bank Credit Suisse is in trouble: its bonds have plummeted to a record low. In addition, the CDS value of these bonds has skyrocketed. This is a kind of "insurance" against default of the issuer, and the greater the market fears about such an outcome, the higher the value of ...
In another interpretation, it is also called lovers' day. But, in the end, what difference does it make, the root is one - love! And love, as the poet said, all Forex is submissive! Did the poet say something wrong? Well, it's just that there was no forex back then, he would have corrected himself…Have you ever wondered what there might be in common between FOREX ...
Geometry in financial marketsTechnical analysis is a serious method of forecasting the movement of asset prices on the stock exchange. Its adherents believe that all the events, news, emotions and decisions of the exchange participants are already embedded in the price that the trading chart displays.Unlike fundamental analysis, economic calendars, news ...
Brokers are offering more and more services and different types of accounts, which often confuse beginners. An ECN forex account is a type of order execution that takes trades directly to the interbank market. Let's consider how to operate correctly in this environment and whether it is profitable for traders.What is an ECN account?Electronic Communication ...
A recession is an extremely serious and prolonged period of dropping economic acts and data that affects an entire country or even a group of them. It has far-reaching and serious consequences that affect the country's citizens, governments, companies and investors.There is no unambiguous meaning of a recession, but it is usually characterized by a decline in a ...
If you already have basic knowledge of how to work in financial markets and are on the verge of building your own trading system, I recommend studying the Ichimoku indicator. The Ichimoku indicator combines the power of five lines and Japanese imagery. Currently, it is becoming more and more popular among traders, being a solid foundation of their trading systems. This ...
