The Indian Rupee (INR) extends previous trading day’s gains against the US Dollar (USD) on Monday on the back of a sharp correction in oil prices. As of writing, the USD/INR pair is down 0.23% to near 94.72.
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The fundamental backdrop is shifting in favor of USD/JPY sellers. The BoJ is expected to tighten faster than the Fed, while lower Treasury yields and an unwinding of carry trades should provide further support for the yen. Let’s assess the market outlook and develop a trading plan. Major Takeaways The Bank of Japan kept interest rates unchanged. The unwinding of carry trades continues to support the yen. The USD/JPY is consolidating ahead of the US midterm elections. Short positions can be opened if the price breaks through 157.45 and 157.00. Weekly Fundamental Forecast for Yen Kazuo Ueda reiterated his earlier comments that… Read full author’s opinion and review in blog of #LiteFinance
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The STI Obos Indicator MT5 helps identify these overbought and oversold conditions before traders make emotional decisions. When markets become overextended, traders often chase price instead of waiting for better opportunities. That can lead to unnecessary losses, poor entries, and frustration after several fake-outs. The STI Obos Indicator MT5 gives traders another layer of confirmation […]
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Fears surrounding AI have intensified ahead of the US midterm elections. Prediction markets currently put the odds of a Democratic victory at 70%, a result that could potentially slow the adoption of emerging technologies. Let’s examine the potential political and economic implications and develop a trading strategy for the EUR/USD pair. Major Takeaways The US economy is outpacing the European economy. The ECB’s caution regarding inflation is weighing on the euro. The dollar is falling along with stock indices. Short trades can be considered on rebounds from 1.1195, 1.1240, and 1.1300. Weekly Fundamental Forecast for Dollar Artificial intelligence has become… Read full author’s opinion and review in blog of #LiteFinance
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We expect a 7-2 vote to hike rates this week and, barring a collapse in energy prices, we think a follow-up move in February is likely too. However, market pricing for the Bank of England still looks extreme.
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The Cumulative Volume Delta Indicator MT5 helps traders look beyond price movement by showing whether buying or selling pressure is actually increasing behind the scenes. While the forex market does not provide centralized exchange volume, MT5 uses tick volume as a close estimate of market activity. When interpreted correctly, this indicator gives traders another layer […]
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The Dow Theory Indicator MT5 helps traders identify the direction of the primary trend by applying the core principles of Dow Theory directly to price action. Instead of chasing every candle, traders can focus on the market’s broader direction and avoid many low-quality trades. A trend-following approach can reduce emotional decisions, but only when it […]
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The US midterm elections on Tuesday and the October jobs report on Friday headline a week that also brings the RBA and Bank of England decisions. Scenarios and levels for US 500, EUR/USD, GBP/USD, AUD/USD and BTC/USD.
The post Jobs Report Friday and US Midterm Elections: Market Week Ahead (November 2 – 6) appeared first at RoboForex Blog.
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Fifteen checks in four stages take a robot from MetaTrader 5 installed to its first trade on a demo account, with a link to the full guide for each one.
The post Trading Robot Checklist: 15 Checks From Installed to First Trade appeared first at RoboForex Blog.
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