In today’s fast-paced financial markets, traders are always on the lookout for effective tools to analyze price trends and make informed decisions. The Moving Average Ribbon MT5 Indicator is one such tool that has gained popularity among traders due to its versatility and accuracy. In this article, we will delve into the world of Moving… ادامه خواندن Moving Average Ribbon MT5 Indicator

2024.02.01 2024.02.01 Pound faces challenge. Forecast as of 01.02.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Dovish signals from the Bank of England and a strong US jobs report risk reducing GBPUSD to the lower border of the trading channel of 1.26-1.28. Let us discuss the Forex outlook and make up a trading plan. Weekly Pound fundamental forecast The British pound… ادامه خواندن Pound faces challenge. Forecast as of 01.02.2024

Notably, after the December UK inflation figures, markets reduced expectations on the number of BoE rate cuts this year from 125 to 100 basis points.

The USD/JPY pair continues to develop a consolidation range around 146.93, extending to 146.00. After reaching this level, a technical return to 147.00 occurred (a test from below). A new decline wave to 145.15 might develop today.

The S&P 500 index is now down to the 38.2% Fibonacci retracement, which lines up with S1 (4,851.83), and might still retreat to the 50% Fib near S2 (4,816.56) and the 100 SMA dynamic inflection point. Is this our chance to join the trend?

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… ادامه خواندن The US House approved a bill to further child tax credit, extend some business tax credits

Share: Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Key quotes “Not in a position to put a number on number of months of low inflation needed to have confidence.”… ادامه خواندن We won’t keep it a secret when we have confidence on inflation

EUR/USD Forecast – Prices, Charts, and Analysis German inflation continues to fall as energy costs tumble. FOMC and US NFPs will steer EUR/USD in the short term. Download our Q1 Euro Technical and Fundamental Reports Below: Recommended by Nick Cawley Get Your Free EUR Forecast Most Read: Euro (EUR/USD) Pares Recent Losses After German and… ادامه خواندن Euro (EUR/USD) Steadies After German Inflation Falls, FOMC Decision Up Next

Knowing when NOT to trade is also very important. If the market is quiet and consolidating with no volatility, forex traders must “sit on their hands” and not enter new trades. Without volatility and price movement, there are no pips to be made. Check the forex heatmap and know when there is no market volatility… ادامه خواندن How To Read And Take Advantage Of The Forex Heatmap