Cotton
He liked
EUR/JPY holds positive ground above 162.50 as traders await ECB rate decision this week
EUR/JPY gains traction to near 162.55 in Tuesday’s early European session Expectations of further BoJ hikes and safe-haven flows could boost the JPY. Bets for a move of aggressive policy easing by the ECB might weigh on the shared currency. The EUR/JPY cross trades in positive territory around 162.5
He liked
He liked
EUR/GBP Price Analysis: Pair weakens toward critical 200-day SMA
EUR/GBP edges lower to 0.8445 on Thursday, maintaining a cautious tone near key support levels. Momentum wanes as the pair approaches the 200-day SMA at 0.8420. Technical signals suggest limited upside unless buyers reclaim the 0.8465 resistance zone. The EUR/GBP pair edged lower on Thursday, slippi
He liked
S15 Trading Competition: Celebrating Our Champions Across Groups
Large Group In the high-stakes environment of the Large Group, these traders have proven their mettle, showcasing strategy, skill, and resilience: 1 Place:你永远胜别人 Prize: $16,000 USD Achievement: Dominating the Large Group, 你永远胜别人 has demonstrated why they are a champion. Their ability to manage
He liked
GBP/JPY advances to near 192.00 despite a dovish sentiment surrounding the BoE
GBP/JPY could face challenges as the BoE is widely expected to lower its interest rate in February. The Japanese Yen could gain support due to the increased likelihood of the BoJ hiking interest rates later this week. Tomoko Yoshino, the head of Japan's largest trade union, Rengo, reaffirms the ongo
He liked
Gold finds support as Trump's inauguration fuels volatile trading
Gold prices rebound from $2,689 support during the Asian session, driven by safe-haven demand. The weakening US Dollar reflects expectations of two Federal Reserve rate cuts in 2025 due to easing US inflation. Concerns over President-elect Donald Trump's trade tariffs further bolster demand for gold
He liked
Forex Today: Chinese data could lend support to the risk complex
The US Dollar maintained its bearish tone unchanged and extended its weekly corrective decline on the back of shrinking yields, while investors remained focused on fundamentals and the Fed’s decision in January. Here is what you need to know on Friday, January 17: The US Dollar Index (DXY) added to
He liked
Gold extends recovery on rate cut expectations
Gold price extends recovery and rises above $2,700, looking for more upside. The mixed US CPI release on Wednesday fueled hopes for a Fed rate cut before the summer. Gold sprints higher and sets sail for the first important pivotal level at $2,708. Gold’s price (XAU/USD) edges higher for the third d
He liked
USD/SGD: Mild pullback risk for now – OCBC
USD/SGD is a touch softer as US Dollar (USD) strength paused while risk sentiments found support. Pair was last seen at 1.3671, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Price action still shows a potential rising wedge pattern“Daily momentum turned mild bearish while RSI fell. Pr
He liked
Biden speech, Dollar weakness, Silver rising
Important News for the day. Thu, 16th, 14:30 CET US core retail sales. US warning During his last speech for the nation President Biden warned that he sees headwinds for the Democracy, which would come from super rich people as well as the oligarchy. As a conglomerate of people takes over the center
He liked
Underlying US inflation drops amid concerns on Trump inflationary pressures
The December US inflation report delivered some conflicting news for markets. On the one hand, the main measure of consumer prices continues to trend upwards, rising to its highest level since July. Yet, we also received some rare positive news on underlying inflation, which unexpectedly dropped at
He liked
Pull-up Update