FX Axe - Official Channel

TP 3 HAS JUST BEEN SMASHED. Nice and easy before the Fed Interest Rate Decision! Lock in those profits folks!

1st November Market News! If you are trading during the US Session you must give this a read as we discuss the important Fed Interest Rate Decision upcoming in just a couple of hours time. Here is the full article! https://fxaxe.com/1st-november-2023-forex-market-news-eur-gbp-btc-and-gold/

TP2 hit! Drop us a message if you placed this trade!

TP1 hit prior to the JOLT figures

If you continued to hold we hit TP3 on this Gold long!

SELL XAU/USD📍1987.36 🔸 SL 1997.81 🔹 TP1 1983.73 🔹 TP2 1980.18 🔹 TP3 1977.26 💪 ★★ 📋 M30

BUY EUR/USD📍1.0600 🔸 SL 1.0560 🔹 TP1 1.0621 🔹 TP2 1.0644 🔹 TP3 1.0662 💪 ★★ 📋 H1

It's Spooky Season! This extra scary offer ends tonight at 23:59. If you want more trade opportunities and signals don't hesitate to get in touch! @SuppFXAxe

Feel free to close more partials and take risk off the table

TP2 has been tagged! Great way to start the week!

Halloween Trading week begins folks with TP1 hit!

Monday Market Update: -Bank of Japan news Euro and USD predictions -Bitcoin ETF information All here on our daily news blog: https://fxaxe.com/monday-market-outlook-forex-gold-and-bitcoin-etf/

BUY XAU/USD📍1992.84 🔸 SL 1985.79 🔹 TP1 1997.63 🔹 TP2 2002.00 🔹 TP3 2007.32 💪 ★★ 📋 M15

Halloween is upon us folks! @SuppFXAxe to get in touch for any questions or queries!

Market News 24/10/23! Must read if you want to optimise performance in the markets! Bitcoin Price Update The 2023 bull surge in the price of Bitcoin (BTC) has been maintained with a fourth higher peak. BTC is now trading around $34,152 after this bullish move propelled it beyond the psychological barrier of $30,000. The next barrier for Bitcoin price is $36,294, where a potential top could develop, particularly if the conditions surrounding the approval of the spot ETF remain the same. On the other hand, if a spot ETF receives formal approval, it might trigger a sharp bullish rise that could push BTC to the psychological milestone of $40,000. All Things USD! The decline in retail sales is a reflection of how hard it is for consumers to make ends meet due to high inflation and rising borrowing prices. Consumer inflation expectations are likely to be significantly impacted by the sharp decline in consumer spending. In light of the worsening spending dynamics, there is speculation that the Bank of England (BoE) would tilt towards holding the existing interest rates at 5.25% during the policy meeting in November. Geopolitical tensions between Israel and Hamas may have presented challenges for the GBP/USD pair. The Pound Sterling (GBP) is being supported by the improving risk profile, nonetheless. Israel-Hamas diplomatic efforts to defuse tensions in the Gaza Strip have reduced market risk aversion, boosting investors' risk appetite. Silver In the most recent European session, the price of silver (XAG/USD) continued to decline below the important support level of $23.00. As the US Dollar and bond rates rapidly increase ahead of critical US economic indicators, the white metal declines to close to $22.80. S&P + Israel Conflict The London session saw S&P500 futures post impressive gains, signalling a recovery in market players' appetite for risk. As investors begin to process the Middle East tensions, the appeal of risk-perceived assets increases. The risk-averse attitude lessens as Israel's plan to launch a ground invasion of Gaza drags out. The US encouraged Israel to postpone the ground assault while the hostage-release operation goes on and to send relief to Gaza's residents.

Our Gold EA has taken a couple of nice sell positions so far this week catching the downside movement!

FX AXE LIVE MARKET NEWS UPDATE Gold Pushing Higher The price of gold (XAU/USD) is stable despite the US Census Bureau announcing better-than-expected September Retail Sales data, a key indicator of consumer spending, the major engine of the US economy. Consumer spending increased at a faster rate of 0.7% versus forecasts of 0.3%, but it still lagged behind the 0.8% growth seen in August as a result of rising petrol costs. Amid rising Middle East tensions, the precious metal is anticipated to hold its ground ahead of US President Joe Biden's trip to Israel and Federal Reserve (Fed) Chair Jerome Powell's address, which is anticipated to offer important information on interest rates. Investors are hoping Powell would agree with other Fed members who have lately stated that higher bond yields are sufficient to contain inflation and support a neutral monetary policy. USD/JPY The Bank of Japan (BoJ) is anticipated to release its inflation predictions for the fiscal years 2023 and 2024 earlier than expected, which caused the USD/JPY pair to briefly dip as low as 148.80 before swiftly recovering to its wider trading range around 149.50. The likelihood of Japanese authorities intervention in the forex market is dwindling. Authorities in Japan are concerned about further declines in the Japanese Yen and hold erratic movements accountable for them. In the past, volatility increases lasted for days or even a few weeks, but the BoJ's adoption of an easy monetary policy has made the Japanese Yen less appealing to certain investors. As a result, despite a weak demand for the Japanese Yen supported by expansionary monetary policy, the authorities are powerless to turn the tide. Natural Gas Ahead of the US opening bell, natural gas prices are beginning to decline. European Gas futures were down more than 3% prior to the latest decline in US futures. In the meantime, US banks Goldman Sachs and Bank of America released their quarterly results, beating estimates while issuing cautionary statements over the state of the US consumer. Bitcoin Bounce In the early hours of Tuesday morning European session, Bitcoin (BTC) was trading above the $28,400 mark amid generally optimistic predictions for the near-term future of the currency and a fundamental crypto law that probably helped support prices. In a step that could boost crypto businesses in the state and certainly aid long-term sector growth, California Governor Gavin Newsom signed a crypto licencing bill on Friday that is scheduled to go into effect in July 2025.

We get asked so many times about pips, margin and leverage and how they all connect...Our blog in the spotlight today might just help you out! https://fxaxe.com/understanding-leverage-margin-and-pips-in-forex-trading-a-beginners-guide/