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AUD/USD slides amidst US economic resilience, weaker Chinese data
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AUD/USD falls 0.62% as US economic data remains strong, while weaker-than-expected Chinese data…
USD/CAD Slips as Hot Canadian Inflation Raises Risks of More BoC Hikes
CANADIAN DOLLAR FORECAST:Canadian dollar gains as sticky inflation raises the risks of further BoC's rate hikesCanada’s April inflation accelerates to 4.4% y-o-y from 4.1% y-o-y, three-tenths of a percent above market expectationsThis…
Chart Art: Ether’s (ETH/USD) Long-term Trend Continuation Play
Is Ether getting ready to extend a months-long uptrend?
The daily chart is saying “Bet.”
Here’s what I’m looking at on the daily time frame:
ETH/USD Daily Chart Chart by TV
As you can see, Ether (ETH/USD) has been showing higher…
Recovery now targets the 1.1000 barrier
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EUR/USD adds to Monday’s advance and flirts with 1.0900.
If the rebound picks up pace, the pair…
US Dollar (DXY) Consolidates, Monthly US Retail Sales Miss Expectations
US Dollar (DXY) Price, Chart, and AnalysisUS retail sales miss forecasts.Fed speakers are out in force today.
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US retail sales (April) missed market…
Building Predictive Algorithms With MQL5 – Trading Systems – 16 May 2023
What will it take you to get to the apex of trading?Due to the uncertainties in the foreign exchange market, the most successful traders in the world use a well-structured predictive approach to beat the odds.While trading in…
FX Play of the Day: GBP/AUD Triangle Breakout Due?
We’ve got Australia’s jobs data coming up soon!
Can this spur a triangle breakout for GBP/AUD? And just how high can the pair go if that happens?
GBP/AUD 1-hour Forex Chart by TV
Check out this forex pair testing the very top of its…
XAG/USD seems vulnerable, bears await break below 38.2% Fibo.
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Silver drops to a multi-week low, though finds some support near the 38.2% Fibo. level.
The…
Euro Area GDP Grows by 0.1%, German Economic Sentiment Weakens
EUR/USD Prices, Charts, and AnalysisThe EU economy ekes out minimal growth of 0.1% in Q1.Germany may enter a mild recession.
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Seasonally adjusted Q1 GDP…
Daily Forex News and Watchlist: CAD/JPY
We’ve got Canada’s CPI readings lined up!
CAD/JPY might be in for a big move from its triangle pattern today, so better keep your eyes on these inflection points.
Before moving on, ICYMI, yesterday’s watchlist looked at USD/JPY pulling…