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Daily Forex News and Watchlist: U.S. Dollar Index (DXY)
The U.S. dollar index is testing the top of a short-term range ahead of the U.S. CPI release!
Will the Greenback stick to its range? Or will we see a breakout today?
Before moving on, ICYMI, yesterday’s watchlist checked out AUD/JPY’s…
Will DUK drop towards $92, or rise towards $100-105?
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Today’s instrument is the Duke Energy Corp.‘s stock traded in NYSE exchange under the ticker DUK.…
AUD/USD, AUD/JPY, EUR/AUD, Price Setups
Australian Dollar Vs US dollar, Japanese Yen, Euro – Price Setups:AUD appears to be setting a base in the interim.AUD/USD has rebounded from strong support; EUR/AUD has retreated from stiff resistance.AUD/JPY remains within its…
Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?
Crude Oil, WTI, API, OPEC+, US Dollar, Gold, China Trade - Talking PointsCrude oil is claiming a recovery from a volatile run lower last weekAPAC equities appear lacklustre with underwhelming Chinese economic dataMany asset classes have…
WinMIDAS – EURNZD May 8th 2023 – My Trading – 8 May 2023
First day trading with WinMIDAS made me ➕200 pips on EUR/NZD! The CFM (Capital Flow Model) gave a short signal on EUR/NZD on the Daily time frame, so I went all the way down to the M5 chart and anchored WinMIDAS to the most…
Event Guide: BOE Monetary Policy Statement May 2023
The BOE decision is coming up this week!
Will they hike interest rates again as expected?
Here’s what you can expect for the event and how you might be able to make pips from it.
Event in Focus:
Bank of England Monetary Policy Statement…
Pullback from 200-HMA eyes 134.75 support confluence
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USD/JPY fails to defend two-day uptrend as 200-HMA prods buyers.
Convergence of 100-HMA,…
How Much More Upside in GBP/USD?
GBP/USD, BRITISH POUND - Outlook:GBP/USD breaks above key resistance ahead of BOE rate decision.Medium-term GBP/USD remains constructive.What are the signposts to watch?
Recommended by Manish Jaradi
How to Trade…
Dow Jones, S&P 500 May Fall After Retail Traders Increased Upside Exposure of Late
Dow Jones, S&P 500, Retail Trader Positioning, Technical Analysis – IGCS Equities UpdateDow Jones and S&P 500 have been stuck in range-bound tradeRetail traders are increasing upside exposure, a bearish sign?How is the technical…
WinMIDAS – US30 MAY 8TH 2023 – My Trading – 8 May 2023
US30 was in an accelerated trend early this morning so I launched the Top-Bottom Finder (T-B F) and fitted it to the first pullback that failed to pull all the way back to the WinMIDAS support curve.Few hours later the T-B F…