<div> <h3>AUDUSD, H1</h3> <p>Currencies moved in a risk-on formation, with the <strong>Dollar,</strong> <strong>Yen</strong> and <strong>Swiss</strong> franc weakening against most other currencies, with the commodity and many developing-world currencies outperforming. This came with S&
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Risk Management with Profitable Patterns
<p>Risk Management with Profitable Patterns </p> <p>Risk management is the most important success factor for your trading. For any trading strategy, you can not grow your capital without risk management. When you trade with Profitable patterns like harmonic pattern and elliott wave patterns and x3 patterns, this is not an exceptio
(24 March 2020)DAILY MARKET BRIEF 2:EUR/USD remains capped below the 1.08 mark
<p>In Europe, both manufacturing and services PMI are expected to print their sharpest fall on record in March, after the coronavirus shutdowns took a toll on businesses and public life across the old continent.</p> <p>Services PMI in the UK is expected to fall to 45 in March, but we already know that this number is […]
(24 March 2020)DAILY MARKET BRIEF 1: Equities rebound on Fed’s unlimited asset purchases.
<p>Another surprise Federal Reserve (Fed) intervention yesterday helped curbing losses in New York, but the S&P500 and the Dow closed the day circa 3% lower, and Nasdaq was flat. Investors have their hopes tied to the $2-trillion rescue package that needs to get signed by the Congress, yet apparently there are controversies among poli
Comeback of the AUD
<p>Comeback of the AUD</p> <p> </p> <p>FX Volume unleashed that the AUD long ratio rose by 10% during the past 24 hours</p> <p> </p> <p>So let's have a look at the corresponding majors</p>
FX option expiries for Tuesday March 24 at the 10am NY cut
EUR/USD – 1.0860 1.1bn euro ForexLive
Stocks end the day lower in volatile trading
Dow was down -960 at the lows The NASDAQ index tried to close higher, but gave up small gains in the last few minutes of trading to end down -0.27%.
Stocks weaken as the market heads toward the close
Dow down -4.5%. The US stocks are weakening into the close. The snapshot with 35 minutes left of trading in the day is showing: ForexLive
NZDUSD remains below 100 hour MA resistance
Topside trend line also keeps a lid on the pair The NZDUSD has moved up and down today. Overall it is up marginally on the day. The rise today took the pair to a high of 0.57367. The current price is trading at 0.5700. The consolidation today has allowed the 100 hour MA to start […]