#GOLD 100% Forex Account Manager

#GOLD 100% Forex Account Manager

What a good pair 🤑

What a good pair 🤑

When you think you’re about to make the perfect trade... and then the market reverses.

When you think you’re about to make the perfect trade... and then the market reverses.

Gold Sell @ 2659.50 - 2662.50 SL : 2665.50 TP 1: 2653 TP 2: 2650

Gold Sell @ 2659.50 - 2662.50 SL : 2665.50 TP 1: 2653 TP 2: 2650

EUR/USD Gains Momentum

EUR/USD Gains Momentum

DAX among major European indices to turn lower after rallying earlier along with U.S. futures tariffs

DAX among major European indices to turn lower after rallying earlier along with U.S. futures tariffs

FX Trading: A Simple Guide Forex trading can be an exciting way to grow your financial portfolio, but it requires a clear strategy and effective budgeting to manage risk and maximize potential profits. Below is a simple guide to help you set up a budget for FX trading. 1. Determine Your Initial Capital The first step in budgeting for FX trading is deciding how much capital you're willing to invest. This should be money that you can afford to lose, as forex trading can be volatile. Experts recommend starting with a small amount if you're new to the market and gradually increasing your investment as you gain experience. Keep in mind that it's often better to start small and build your portfolio over time than to risk significant amounts right away. 2. Set Risk Management Rules Risk management is crucial in forex trading, and one of the best ways to manage risk is by setting rules on how much of your capital you're willing to risk on each trade. A commonly used strategy is the 2% rule, which suggests that you should never risk more than 2% of your capital on a single trade. This ensures that even if you face a series of losses, you can still survive the downturn and trade another day. For example, if you have a $5,000 trading account, you should limit your risk per trade to $100. 3. Use Leverage Wisely Leverage allows you to control a larger position in the market than your initial deposit would typically allow. While this can amplify profits, it also increases potential losses. Budgeting for forex trading means understanding how leverage works and using it responsibly. Many brokers offer high leverage, but be mindful that high leverage means higher risk. Start with lower leverage and only increase it as you gain experience and confidence. 4. Plan for Transaction Costs Forex trading involves various costs, such as spreads (the difference between buying and selling prices), commissions, and occasionally overnight financing fees (swap rates). When budgeting for trading, it's important to account for these costs, as they can accumulate over time and affect your profitability. Make sure you understand the fee structure of your broker and factor these costs into your overall trading plan. 5. Track Your Trades and Performance Maintaining a record of your trades and the results is essential for understanding your performance and adjusting your strategy. By tracking wins, losses, and the strategies you used, you can identify patterns and learn what works best for you. This record will also help you stay within your budget and make data-driven decisions. 6. Establish a Profit Goal While budgeting for trading, it's important to set realistic profit goals. Forex trading isn't a get-rich-quick endeavor. Setting an achievable goal, such as growing your account by a fixed percentage over a few months, allows you to stay focused and disciplined. Avoid setting overly ambitious goals that could lead to risky trading behaviors. 7. Review and Adjust Your Budget Regularly As you gain more experience in the forex market, you may find that your financial situation changes, or you may need to adjust your strategy. Regularly review your budget, trading strategy, and risk management rules to ensure that you’re on track to meet your goals. In summary, budgeting for forex trading involves setting a clear plan for your initial capital, using risk management strategies, accounting for transaction costs, and adjusting your approach as you progress. By doing so, you can mitigate risk and optimize your potential for success in the FX market. For more detailed insights into creating a forex trading budget, consider exploring additional resources from trusted trading education platforms and professional traders.

FX Trading: A Simple Guide Forex trading can be an exciting way to grow your financial portfolio, but it requires a clear strategy and effective budgeting to manage risk and maximize potential profits. Below is a simple guide to help you set up a budget for FX trading. 1. Determine Your Initial Capital The first step in budgeting for FX trading is deciding how much capital you're willing to invest. This should be money that you can afford to lose, as forex trading can be volatile. Experts recommend starting with a small amount if you're new to the market and gradually increasing your investment as you gain experience. Keep in mind that it's often better to start small and build your portfolio over time than to risk significant amounts right away. 2. Set Risk Management Rules Risk management is crucial in forex trading, and one of the best ways to manage risk is by setting rules on how much of your capital you're willing to risk on each trade. A commonly used strategy is the 2% rule, which suggests that you should never risk more than 2% of your capital on a single trade. This ensures that even if you face a series of losses, you can still survive the downturn and trade another day. For example, if you have a $5,000 trading account, you should limit your risk per trade to $100. 3. Use Leverage Wisely Leverage allows you to control a larger position in the market than your initial deposit would typically allow. While this can amplify profits, it also increases potential losses. Budgeting for forex trading means understanding how leverage works and using it responsibly. Many brokers offer high leverage, but be mindful that high leverage means higher risk. Start with lower leverage and only increase it as you gain experience and confidence. 4. Plan for Transaction Costs Forex trading involves various costs, such as spreads (the difference between buying and selling prices), commissions, and occasionally overnight financing fees (swap rates). When budgeting for trading, it's important to account for these costs, as they can accumulate over time and affect your profitability. Make sure you understand the fee structure of your broker and factor these costs into your overall trading plan. 5. Track Your Trades and Performance Maintaining a record of your trades and the results is essential for understanding your performance and adjusting your strategy. By tracking wins, losses, and the strategies you used, you can identify patterns and learn what works best for you. This record will also help you stay within your budget and make data-driven decisions. 6. Establish a Profit Goal While budgeting for trading, it's important to set realistic profit goals. Forex trading isn't a get-rich-quick endeavor. Setting an achievable goal, such as growing your account by a fixed percentage over a few months, allows you to stay focused and disciplined. Avoid setting overly ambitious goals that could lead to risky trading behaviors. 7. Review and Adjust Your Budget Regularly As you gain more experience in the forex market, you may find that your financial situation changes, or you may need to adjust your strategy. Regularly review your budget, trading strategy, and risk management rules to ensure that you’re on track to meet your goals. In summary, budgeting for forex trading involves setting a clear plan for your initial capital, using risk management strategies, accounting for transaction costs, and adjusting your approach as you progress. By doing so, you can mitigate risk and optimize your potential for success in the FX market. For more detailed insights into creating a forex trading budget, consider exploring additional resources from trusted trading education platforms and professional traders.

Meltory LTD has recently unveiled a new suite of forex trading signals designed specifically for signal copying, aimed at simplifying access to profitable trading strategies. This update includes advanced trading algorithms and AI-driven analysis, enhancing their signal accuracy and allowing traders to execute well-informed trades. Meltory’s platform now integrates enhanced risk management protocols—such as stop-loss orders and hedging strategies—to help traders minimize losses during market fluctuations. Traders can customize signals to align with their specific trading preferences and risk tolerance, making it a flexible option for both seasoned and novice traders. Users have reported positive experiences, highlighting the ease of setup, the quality of signals, and the platform’s user-friendly design. Meltory’s service includes a diverse selection of signals, making it a viable choice for those looking to automate and diversify their trading strategies for potentially consistent returns. This release reflects Meltory's commitment to leveraging AI technology in forex trading, providing a streamlined interface and sophisticated signal options to suit varying trading goals.

Meltory LTD has recently unveiled a new suite of forex trading signals designed specifically for signal copying, aimed at simplifying access to profitable trading strategies. This update includes advanced trading algorithms and AI-driven analysis, enhancing their signal accuracy and allowing traders to execute well-informed trades. Meltory’s platform now integrates enhanced risk management protocols—such as stop-loss orders and hedging strategies—to help traders minimize losses during market fluctuations. Traders can customize signals to align with their specific trading preferences and risk tolerance, making it a flexible option for both seasoned and novice traders. Users have reported positive experiences, highlighting the ease of setup, the quality of signals, and the platform’s user-friendly design. Meltory’s service includes a diverse selection of signals, making it a viable choice for those looking to automate and diversify their trading strategies for potentially consistent returns. This release reflects Meltory's commitment to leveraging AI technology in forex trading, providing a streamlined interface and sophisticated signal options to suit varying trading goals.

"Silver (XAG/USD) Poised for Breakout? Key Levels and Market Drivers Shaping Silver's Outlook" The forecast for silver (XAG/USD) has shown mixed signals recently, with price levels fluctuating as traders navigate a volatile market landscape. Following a strong rally that saw silver reach a high of $34.89, the metal has been trading in a narrower range around the $32.79-$33.00 level, influenced by a combination of global economic factors. One key factor driving silver’s recent behavior is the softening of the U.S. dollar. Following weak October Nonfarm Payrolls data, which showed far fewer jobs added than expected, the dollar slipped, making silver more attractive to foreign buyers and adding to bullish sentiment. Additionally, markets are pricing in a probable 25 basis point interest rate cut from the U.S. Federal Reserve, which could further support silver prices. Many analysts suggest that if silver breaks above its pivotal $33 mark, it could spark renewed bullish momentum, with potential targets at $33.28 and beyond. Another significant factor is global economic uncertainty, particularly concerning U.S.-China relations and U.S. political events. Improving trade ties between China and Australia could increase silver demand for industrial use, particularly in sectors like electronics and renewable energy. Meanwhile, geopolitical tensions and the upcoming U.S. election may drive more investors to safe-haven assets like silver, supporting its value over the near term. In summary, while silver’s short-term outlook remains uncertain, a break above $33 could lead to further gains. Conversely, if prices fall below key support at $32.52, silver may face downside pressure. Traders are keeping a close eye on U.S. economic data, global trade dynamics, and Federal Reserve decisions, which are likely to shape silver’s trajectory going forward.

"Silver (XAG/USD) Poised for Breakout? Key Levels and Market Drivers Shaping Silver's Outlook" The forecast for silver (XAG/USD) has shown mixed signals recently, with price levels fluctuating as traders navigate a volatile market landscape. Following a strong rally that saw silver reach a high of $34.89, the metal has been trading in a narrower range around the $32.79-$33.00 level, influenced by a combination of global economic factors. One key factor driving silver’s recent behavior is the softening of the U.S. dollar. Following weak October Nonfarm Payrolls data, which showed far fewer jobs added than expected, the dollar slipped, making silver more attractive to foreign buyers and adding to bullish sentiment. Additionally, markets are pricing in a probable 25 basis point interest rate cut from the U.S. Federal Reserve, which could further support silver prices. Many analysts suggest that if silver breaks above its pivotal $33 mark, it could spark renewed bullish momentum, with potential targets at $33.28 and beyond. Another significant factor is global economic uncertainty, particularly concerning U.S.-China relations and U.S. political events. Improving trade ties between China and Australia could increase silver demand for industrial use, particularly in sectors like electronics and renewable energy. Meanwhile, geopolitical tensions and the upcoming U.S. election may drive more investors to safe-haven assets like silver, supporting its value over the near term. In summary, while silver’s short-term outlook remains uncertain, a break above $33 could lead to further gains. Conversely, if prices fall below key support at $32.52, silver may face downside pressure. Traders are keeping a close eye on U.S. economic data, global trade dynamics, and Federal Reserve decisions, which are likely to shape silver’s trajectory going forward.

The Canadian dollar recedes: How Diverging Policies and Oil Prices are Shaping CAD's Path Forward" The Canadian dollar has recently faced headwinds, impacted by both domestic and global factors. The currency has been softening against the U.S. dollar, primarily due to differing monetary policies between the Bank of Canada (BoC) and the U.S. Federal Reserve. The BoC's dovish stance—marked by caution amid a slowing economy—contrasts with the Fed’s hawkish tone, as the latter has kept rates elevated in response to resilient U.S. economic data. This divergence has widened the interest rate gap between Canada and the U.S., driving demand for the USD over the CAD. Additionally, the decline in global oil prices has hurt the commodity-sensitive CAD. While oil prices surged earlier in the year, they have since moderated due to weaker demand from major markets, including China. For Canada, which relies heavily on energy exports, this trend has weighed on the currency, with oil market volatility adding further uncertainty. Looking ahead, some analysts expect that the CAD could face additional downward pressure if the BoC moves toward rate cuts in early 2025 or if energy prices continue to lag. However, any significant rebound in oil prices or signs of economic slowdown in the U.S. could provide some support to the Canadian dollar as these factors play out. For now, the CAD's path remains complex, and investors are closely watching economic indicators from both Canada and global markets to navigate its near-term trajectory.

The Canadian dollar recedes: How Diverging Policies and Oil Prices are Shaping CAD's Path Forward" The Canadian dollar has recently faced headwinds, impacted by both domestic and global factors. The currency has been softening against the U.S. dollar, primarily due to differing monetary policies between the Bank of Canada (BoC) and the U.S. Federal Reserve. The BoC's dovish stance—marked by caution amid a slowing economy—contrasts with the Fed’s hawkish tone, as the latter has kept rates elevated in response to resilient U.S. economic data. This divergence has widened the interest rate gap between Canada and the U.S., driving demand for the USD over the CAD. Additionally, the decline in global oil prices has hurt the commodity-sensitive CAD. While oil prices surged earlier in the year, they have since moderated due to weaker demand from major markets, including China. For Canada, which relies heavily on energy exports, this trend has weighed on the currency, with oil market volatility adding further uncertainty. Looking ahead, some analysts expect that the CAD could face additional downward pressure if the BoC moves toward rate cuts in early 2025 or if energy prices continue to lag. However, any significant rebound in oil prices or signs of economic slowdown in the U.S. could provide some support to the Canadian dollar as these factors play out. For now, the CAD's path remains complex, and investors are closely watching economic indicators from both Canada and global markets to navigate its near-term trajectory.

An unforgettable evening unfolded at Bla Bla Dubai in Jumeirah Beach Residence (JBR), as GTC FX Dubai celebrated the remarkable achievements of its team. The event marked a significant milestone in their journey, where the atmosphere was filled with excitement and gratitude. At this vibrant celebration, key members of the GTC FX Dubai team, along with important global partners, came together to reflect on their accomplishments and successes. The venue, known for its luxurious beachfront setting and panoramic views, provided the perfect backdrop for the celebration. Guests enjoyed a lively atmosphere, complete with exceptional cuisine and cocktails, while also engaging in inspiring conversations about the future of forex trading and innovation in the financial sector. This event not only honored the dedication of GTC FX’s Dubai team but also highlighted the strong international partnerships that have been pivotal to their growth. The evening was marked by recognition of the hard work and contributions of the team, alongside an award ceremony celebrating top global partners who have been instrumental in the company’s success. With such a remarkable celebration, GTC FX Dubai is setting the stage for more exciting endeavors in the coming year, building upon its already stellar reputation in the forex industry.

An unforgettable evening unfolded at Bla Bla Dubai in Jumeirah Beach Residence (JBR), as GTC FX Dubai celebrated the remarkable achievements of its team. The event marked a significant milestone in their journey, where the atmosphere was filled with excitement and gratitude. At this vibrant celebration, key members of the GTC FX Dubai team, along with important global partners, came together to reflect on their accomplishments and successes. The venue, known for its luxurious beachfront setting and panoramic views, provided the perfect backdrop for the celebration. Guests enjoyed a lively atmosphere, complete with exceptional cuisine and cocktails, while also engaging in inspiring conversations about the future of forex trading and innovation in the financial sector. This event not only honored the dedication of GTC FX’s Dubai team but also highlighted the strong international partnerships that have been pivotal to their growth. The evening was marked by recognition of the hard work and contributions of the team, alongside an award ceremony celebrating top global partners who have been instrumental in the company’s success. With such a remarkable celebration, GTC FX Dubai is setting the stage for more exciting endeavors in the coming year, building upon its already stellar reputation in the forex industry.

In the competitive forex world, choosing the right broker can make all the difference. Many options exist, but not all offer the same reliability, security, or quality of service. Beirman Capital stands out as a top choice for both beginners and experienced traders. In this article, we’ll explore what makes Beirman Capital exceptional in the forex industry. Safety and Regulation: Security is crucial, and Beirman Capital is regulated by top-tier financial authorities, ensuring all transactions are legally compliant. Client funds are held in segregated accounts, providing peace of mind even in unlikely events. Advanced Trading Platforms: Beirman Capital provides powerful trading platforms, like MetaTrader 5 and a proprietary platform, equipped with real-time data, analytical tools, and mobile access to empower traders on the go. Demo accounts are also available for practice. Excellent Customer Support: With 24/7 multilingual support, Beirman Capital’s team assists clients with trading strategies, platform navigation, and account management. This level of service ensures a smooth trading experience for all. Competitive Pricing and Fees: Offering some of the lowest spreads and transparent fees, Beirman Capital helps traders retain more of their earnings. From major to exotic pairs, clients benefit from efficient and cost-effective trading. Flexible Account Types: Beirman Capital caters to diverse trading needs with multiple account types. Whether you’re a high-volume trader or a newcomer, options like standard, ECN, and Islamic accounts offer tailored solutions. Conclusion: Beirman Capital is more than a broker; it’s a dedicated partner in your forex trading journey, providing the tools, security, and support you need to succeed.

In the competitive forex world, choosing the right broker can make all the difference. Many options exist, but not all offer the same reliability, security, or quality of service. Beirman Capital stands out as a top choice for both beginners and experienced traders. In this article, we’ll explore what makes Beirman Capital exceptional in the forex industry. Safety and Regulation: Security is crucial, and Beirman Capital is regulated by top-tier financial authorities, ensuring all transactions are legally compliant. Client funds are held in segregated accounts, providing peace of mind even in unlikely events. Advanced Trading Platforms: Beirman Capital provides powerful trading platforms, like MetaTrader 5 and a proprietary platform, equipped with real-time data, analytical tools, and mobile access to empower traders on the go. Demo accounts are also available for practice. Excellent Customer Support: With 24/7 multilingual support, Beirman Capital’s team assists clients with trading strategies, platform navigation, and account management. This level of service ensures a smooth trading experience for all. Competitive Pricing and Fees: Offering some of the lowest spreads and transparent fees, Beirman Capital helps traders retain more of their earnings. From major to exotic pairs, clients benefit from efficient and cost-effective trading. Flexible Account Types: Beirman Capital caters to diverse trading needs with multiple account types. Whether you’re a high-volume trader or a newcomer, options like standard, ECN, and Islamic accounts offer tailored solutions. Conclusion: Beirman Capital is more than a broker; it’s a dedicated partner in your forex trading journey, providing the tools, security, and support you need to succeed.

Galaxy set for more gains after 25% rise on Trump win #Trading #Forex #bitcoin #Crypto #StockMarket #Investing #Finance #TraderLife #crypto #Cryptonews #Bitcoinnews #cryptocurrency

Galaxy set for more gains after 25% rise on Trump win #Trading #Forex #bitcoin #Crypto #StockMarket #Investing #Finance #TraderLife #crypto #Cryptonews #Bitcoinnews #cryptocurrency

Key Indicators and Long-Term Outlook I’ve been closely watching a trend shift developing in the USD/JPY market, and there are strong indicators that a long-term bullish reversal may be on the horizon. Despite the current bearish conditions, several factors suggest that we might see upward momentum take hold. Fundamental analysis reveals that central banks in major economies are starting to stabilize or even ease their interest rate policies, providing a potential floor to recent currency declines. Additionally, macroeconomic factors, like easing inflation rates in certain regions, could encourage more investor confidence and drive currency appreciation. This environment, coupled with potential geopolitical stability, points toward a medium- to long-term bullish trend. Technical indicators are also aligning with this outlook, showing a weakening of bearish momentum on charts and early signals of accumulation phases in certain currency pairs. Overall, the combination of these fundamental and technical cues signals that the USD/JPY market could be primed for a gradual shift from bearish territory to a prolonged bull trend. The turning point is only valid if price changes price delivery from bears to bulls. I'm out. #Fxtrades

Key Indicators and Long-Term Outlook I’ve been closely watching a trend shift developing in the USD/JPY market, and there are strong indicators that a long-term bullish reversal may be on the horizon. Despite the current bearish conditions, several factors suggest that we might see upward momentum take hold. Fundamental analysis reveals that central banks in major economies are starting to stabilize or even ease their interest rate policies, providing a potential floor to recent currency declines. Additionally, macroeconomic factors, like easing inflation rates in certain regions, could encourage more investor confidence and drive currency appreciation. This environment, coupled with potential geopolitical stability, points toward a medium- to long-term bullish trend. Technical indicators are also aligning with this outlook, showing a weakening of bearish momentum on charts and early signals of accumulation phases in certain currency pairs. Overall, the combination of these fundamental and technical cues signals that the USD/JPY market could be primed for a gradual shift from bearish territory to a prolonged bull trend. The turning point is only valid if price changes price delivery from bears to bulls. I'm out. #Fxtrades

RBC has cut its credit card holders' monthly foreign currency spending limit by $10,000 (US$1,500). The bank, in a notice to customers on July 19, said, "Personal banking and business banking clients (excluding private banking) monthly limits will be reduced from TT$51,000 (US$7,500) to TT$41,000 (US$6,000) in forex equivalent to a maximum of the account's credit limit, whichever is less." The reduction it said will be effective September 1. RBC said this adjustment was made given current foreign currency supply constraints. It added, "We are striving to balance the requirements of our credit card clients with the availability of foreign exchange (forex) supplies. To address this, we are revising forex limits on our credit cards." The bank said local Trinidad and Tobago dollar transactions remain unaffected. RBC apologised for any inconvenience this may cause. On March 1, 2020, Scotiabank Trinidad and Tobago Ltd advised customers that their monthly credit card foreign currency transactions may not exceed US$3,000.

RBC has cut its credit card holders' monthly foreign currency spending limit by $10,000 (US$1,500). The bank, in a notice to customers on July 19, said, "Personal banking and business banking clients (excluding private banking) monthly limits will be reduced from TT$51,000 (US$7,500) to TT$41,000 (US$6,000) in forex equivalent to a maximum of the account's credit limit, whichever is less." The reduction it said will be effective September 1. RBC said this adjustment was made given current foreign currency supply constraints. It added, "We are striving to balance the requirements of our credit card clients with the availability of foreign exchange (forex) supplies. To address this, we are revising forex limits on our credit cards." The bank said local Trinidad and Tobago dollar transactions remain unaffected. RBC apologised for any inconvenience this may cause. On March 1, 2020, Scotiabank Trinidad and Tobago Ltd advised customers that their monthly credit card foreign currency transactions may not exceed US$3,000.

Election Uncertainty and Global Political Events Fueling Forex Market Volatility The forex market is buzzing with heightened volatility due to ongoing global and political events. Recently, the Japanese yen (JPY) experienced fluctuations, largely influenced by the unexpected results of Japan's recent election, where Prime Minister Shigeru Ishiba’s ruling party failed to secure a majority. This instability in Japan’s political outlook has contributed to yen weakness, pushing USD/JPY toward 38-year highs, with the pair currently trading between 149.30 and 157.60. These levels are significant as traders watch for any interventions from Japanese authorities aiming to stabilize the yen. In the U.S., anticipation around the 2024 presidential election is intensifying. The outcome has major implications for the dollar due to potential shifts in fiscal and trade policies. The election could lead to either a continuation of current multilateral policies, stabilizing the dollar, or a turn towards deregulation and protectionism, which might increase volatility across major currency pairs like EUR/USD and USD/CNY. With rising U.S. debt levels and inflation concerns, analysts are particularly cautious, as changes in policy could impact both the dollar’s value and overall market sentiment. The euro (EUR) also faces challenges, particularly as traders await economic data from the Eurozone, compounded by uncertainties around upcoming French and U.K. elections. These geopolitical developments have many traders hedging for potential euro volatility, especially if political outcomes hint at economic policy shifts within Europe. Overall, forex markets remain in a high-stakes environment where careful risk management and monitoring of economic indicators are crucial as we approach year-end.

Election Uncertainty and Global Political Events Fueling Forex Market Volatility The forex market is buzzing with heightened volatility due to ongoing global and political events. Recently, the Japanese yen (JPY) experienced fluctuations, largely influenced by the unexpected results of Japan's recent election, where Prime Minister Shigeru Ishiba’s ruling party failed to secure a majority. This instability in Japan’s political outlook has contributed to yen weakness, pushing USD/JPY toward 38-year highs, with the pair currently trading between 149.30 and 157.60. These levels are significant as traders watch for any interventions from Japanese authorities aiming to stabilize the yen. In the U.S., anticipation around the 2024 presidential election is intensifying. The outcome has major implications for the dollar due to potential shifts in fiscal and trade policies. The election could lead to either a continuation of current multilateral policies, stabilizing the dollar, or a turn towards deregulation and protectionism, which might increase volatility across major currency pairs like EUR/USD and USD/CNY. With rising U.S. debt levels and inflation concerns, analysts are particularly cautious, as changes in policy could impact both the dollar’s value and overall market sentiment. The euro (EUR) also faces challenges, particularly as traders await economic data from the Eurozone, compounded by uncertainties around upcoming French and U.K. elections. These geopolitical developments have many traders hedging for potential euro volatility, especially if political outcomes hint at economic policy shifts within Europe. Overall, forex markets remain in a high-stakes environment where careful risk management and monitoring of economic indicators are crucial as we approach year-end.

We will go again next week. Up we move ✌🏽 forextrading #forexbroker #gbpusd #eurusd #AUDUSD #USDCAD #usdjpy #forexnews #forexmarket #Financial $gbpusd $eurusd

We will go again next week. Up we move ✌🏽 forextrading #forexbroker #gbpusd #eurusd #AUDUSD #USDCAD #usdjpy #forexnews #forexmarket #Financial $gbpusd $eurusd

A large portion of the election move in the US Dollar (USD) has been unwound. That looks more like a positioning adjustment rather than a rethink of what a Trump presidency means for global markets. Remember that markets got to Election Day broadly pricing in a Trump victory, and while the USD spiked in reaction to the Republican clean sweep, there are perhaps some questions now on how far the USD can rally near term given the focus is shifting back to the macroeconomic discussion, ING’s FX analyst Francesco People notes. The Fed cut rates by 25bp yesterday, in line with market expectations and consensus. The FX market was very marginally impacted and so was the rates market. If anything, we saw a very brief firming in the USD and a small rise in yields when Chair Jerome Powell seemed to suggest a more upbeat outlook for the US economy. Ultimately, markets were seeking any indication that Powell might tweak the narrative on the back of the US election, but there was understandably no indication of that.

A large portion of the election move in the US Dollar (USD) has been unwound. That looks more like a positioning adjustment rather than a rethink of what a Trump presidency means for global markets. Remember that markets got to Election Day broadly pricing in a Trump victory, and while the USD spiked in reaction to the Republican clean sweep, there are perhaps some questions now on how far the USD can rally near term given the focus is shifting back to the macroeconomic discussion, ING’s FX analyst Francesco People notes. The Fed cut rates by 25bp yesterday, in line with market expectations and consensus. The FX market was very marginally impacted and so was the rates market. If anything, we saw a very brief firming in the USD and a small rise in yields when Chair Jerome Powell seemed to suggest a more upbeat outlook for the US economy. Ultimately, markets were seeking any indication that Powell might tweak the narrative on the back of the US election, but there was understandably no indication of that.

Trading with the Stochastic Oscillator

Trading with the Stochastic Oscillator

Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day. Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows. XAU/USD continues to look bullish as its overall uptrend remains intact and the commodity keeps making higher highs. Gold (XAU/USD) recovers to trade back in the $2,720s on Thursday, after a 1.2% sell-off on the previous day, most probably driven by profit-taking. The precious metal is once again on the rise on the back of continued safe-haven flows as the conflict in the Middle East continues with no sign of resolution.

Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day. Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows. XAU/USD continues to look bullish as its overall uptrend remains intact and the commodity keeps making higher highs. Gold (XAU/USD) recovers to trade back in the $2,720s on Thursday, after a 1.2% sell-off on the previous day, most probably driven by profit-taking. The precious metal is once again on the rise on the back of continued safe-haven flows as the conflict in the Middle East continues with no sign of resolution.