EUR/USD is hitting key retracement levels after its sharp drop last week! Will this lead to a break-and-retest situation for the euro in the next few days? We’re taking a closer look at the 4-hour time frame: EUR/USD 4-hour Forex Chart by TradingView Uncle Sam’s weak jobs data, Trump’s firing of the BLS commissioner, and FOMC member Adriana Kugler’s…
In the European session, we don’t have much on the agenda other than a few low tier releases like the final PMIs and the Eurozone PPI data. None of these reports will change anything for the ECB or BoE and therefore won’t influence the market pricing. In the American session, the focus will be on the US ISM Services…
Individual Retirement Accounts (IRAs) are powerful tools for preparing for retirement while minimizing your tax bill. These American retirement accounts make it possible to combine retirement savings with tax advantages, provided you understand how they work and their limitations. Here’s how to make the most of the tax deductions offered by IRA contributions. A dual strategy: Save for tomorrow,…
This pound pair has been forming lower highs connected by a falling trend line since mid-June, but it looks like this resistance zone is being challenged. Will it bounce or break next? Check out this area of interest I’m watching on the 4-hour time frame: GBP/CHF 4-hour Forex Chart by TradingView Safe-haven flows on trade uncertainty have propped up…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
EUR/GBP attracts sellers on Monday with the cross hovering just above the 0.8700 psychological mark, down over 0.20% intraday. Traders reposition ahead of the Bank of England’s monetary policy decision due Thursday, August 7. The United Kingdom’s economic outlook is pressured by tax hikes, slowing consumer demand, and a softening labor market. The Euro (EUR) edges lower against the…
Whether it’s after a well-deserved month-long vacation or a self-imposed sabbatical from trading, it can be challenging to get back in sync with the markets after a big hiatus. For one, you might not be feeling up to speed with the latest economic and political developments, so it’s tough to pinpoint which data releases or headlines might impact price…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The S&P 500 has sharply corrected its recent advances – is it poised for more downside? Volatility breakout system update My Volatility Breakout System reversed to a short position on Thursday, as the S&P 500 hit the sell trigger at 6,328.27. The strategy gained 363.94 points on its long position since June 3. That’s yet another successful trade facilitated…
Will this week’s jobs data give the RBNZ another reason to lean dovish? Our Event Guide for the New Zealand’s Q2 2025 Employment Report lays out the cracks showing up in leading indicators, hinting that the actual numbers could miss forecasts. Here’s why NZD/JPY and EUR/NZD could be prime setups if the report throws a curveball: This…
