MYC Signals Forex & Commodities
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MYC Signals Forex & Commodities - Start making money by following our signals using any broker. To Join our VIP Forex & Commodities group contact: @MYCSupportBot
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Forwarded from MYC Commodities VIP
TP1 achieved 25 pips βœ…
TP2 achieved 50 pips βœ…
Forwarded from MYC Commodities VIP
Final two positions closed at TP1: +25 pips βœ…
FOREX MARKET UPDATE

πŸ‘€

Euro Edges Higher After ECB Cuts Rates

The euro edged higher and European stocks held gains after the European Central Bank cut interest rates for the second time in three months.

The quarter-point reduction, bringing the ECB's key rate to 3.5%, had been widely expected by markets. Investors will watch ECB President Christine Lagarde's press conference at 8:45 a.m. ET for more clues on the path of interest rates.

Read more about it here.

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FOREX MARKET UPDATE

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Gold price bulls retain control near all-time peak amid bets for a larger Fed rate cut

Gold price (XAU/USD) sticks to its modest intraday gains heading into the European session on Friday and is currently placed near the $2,565-$2,570 area, or the record high. The softer-than-expected US Producer Price Index (PPI) report released on Thursday provided further evidence that inflation was subsiding and lifted bets for a larger interest rate cut by the Federal Reserve (Fed) next week.

Read more about it here.

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Forwarded from MYC Forex VIP
TP +2.15R
Forwarded from MYC Forex VIP
TP +1.8R
FOREX MARKET UPDATE

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Yen furthers gains as bets firm on an aggressive Fed rate cut

The yen hit its highest levels in more than a year on Monday in trading thinned by a holiday in Japan, as market participants increasingly expected an oversized rate cut by the Federal Reserve later this week.

Read more about it here.

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FOREX MARKET UPDATE

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Canadian Dollar Loses Ground After Inflation Data

The Canadian dollar weakened to 1.36 per USD, extending its decline from a five-month high of 1.344 on August 27th, as investors anticipated further monetary easing by the Bank of Canada following recent inflation data.

Headline inflation in August reached the central bank’s 2% target, the lowest since February 2021 and slightly below expectations, driven by falling gasoline prices.

Read more about it here.

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FOREX MARKET UPDATE

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Dollar wobbles ahead of Fed decision

The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute tweaks to positions ahead of a policy meeting expected to begin a U.S. easing cycle.

The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 2/3 probability of a 50 basis point cut.

Read more about it here.

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Forex = https://www.mycryptopedia.com/mycforexsignals/
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Forwarded from MYC Commodities VIP
All targets achieved
TP1 25 pips βœ…
TP2 50 pips βœ…
TP3 75 pips βœ…
TP4 100 pips βœ…
Forwarded from MYC Commodities VIP
All targets achieved
TP1 25 pips βœ…
TP2 50 pips βœ…
TP3 75 pips βœ…
TP4 100 pips βœ…
Forwarded from MYC Commodities VIP
TP1 achieved 25 pips βœ…
Forwarded from MYC Commodities VIP
TP1 achieved 25 pips βœ…
TP2 achieved 50 pips βœ…
Forwarded from MYC Commodities VIP
Final two positions closed at TP1: +25 pips βœ…
Forwarded from MYC Commodities VIP
TP1 achieved 25 pips βœ…
Forwarded from MYC Commodities VIP
TP1 achieved 25 pips βœ…
FOREX MARKET UPDATE

πŸ‘€

Australian Dollar Gains on Upbeat Jobs Data

The Australian dollar rose to around $0.678 as upbeat jobs data suggested the economy remains strong, giving the Reserve Bank of Australia room to hold policy.

Data showed that Australian employment increased by 47,55 in August, way above forecasts of 25,000.

Meanwhile, the unemployment rate stayed at a two-and-a-half year high of 4.2%.

Read more about it here.

☎️ Talk to @MYCSupportBot NOW! ☎️

Or signup at our website:
Forex = https://www.mycryptopedia.com/mycforexsignals/
Super Forex Service = https://www.mycryptopedia.com/forex-super-service/