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Monday, August 5, 2024

American Market Recap | Economic calendar in Asia Tuesday, August 6, 2024 - RBA day

Economic calendar in Asia Tuesday, August 6, 2024 - RBA day

The focus of the calendar for the session ahead is the Reserve Bank of Australia meeting. The Bank is expected to leave its cash rate unchanged. The accompanying statement is expected to stick pretty... 

tranche

Trade ideas thread - Tuesday, 6 August, insightful charts, technical analysis, ideas

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:... 

What's priced in for the Fed after the latest turmoil

AI image The market was pricing in a good chance of an intermeeting rate cut earlier today but that's since cooled as markets have somewhat stabilized. We will be closely watching Japanese stocks in t... 

Crude oil settles at $72.94

The price of crude oil settled down -$0.58 on the day at $72.94. The low for the day reached $71.67. The high reached $74.46. Crude oil futures settle lower for the third consecutive session. Prices s... 

NZDUSD tumbles lower and rocket higher in a volatile trading day. What next?

The NZDUSD had a rollercoaster ride today with the pair reaching a new low for the year (but only by 3 or so pips). That low took out lows from April and July. After failing on the brake, the price r... 

tranche

Latest Forex Orders

FX option expiries for 5 August 10am New York cut

There aren't any major expiries to take note of on the day. And in any case, this is a market currently driven by emotions more than anything else. As such, that matters more to price action rather th... 

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