Author: FX

Iran Warns Israel of Stronger Retaliation if Attacked Amid Rising TensionsFull Story on PiQ SuiteIran has issued a warning to Israel, stating that any attack on its infrastructure will be met with stronger retaliation. Following a missile strike on Israel last week and the threat of further escalation, tensions in the region are intensifying. Iranian officials highlighted that they are prepared to target key Israeli sites if provoked, raising concerns about the potential for broader conflict. This comes as the U.S. monitors the situation, with President Biden suggesting Israel has not yet decided on its next steps. The heightened tensions…

EUR/USD trades firmer near 1.0985 in Tuesday’s early European session.  ECB policymakers continue to set the stage for an easier policy stance. Traders push back bets on aggressive Fed rate cuts in the November meeting.  The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. The major pair edges higher amid the modest weakening in the US Dollar (USD). However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve (Fed) in November. French Central Bank Chief Francois Villeroy de Galhau said on Tuesday…

Dollah traders huddle up! USD/CAD’s upswing is hitting a ceiling around a key technical resistance area. Will the pair maintain its range pattern? Or will we see a breakout? USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar gained a few pips against its counterparts as traders eased up on their Fed rate cut speculations after Friday’s U.S. NFP report and ahead of this week’s FOMC meeting minutes and U.S. CPI and PPI releases. Meanwhile, the Canadian dollar has lost a few pips to its safe haven counterparts while traders worry about Middle East tensions…

(Reuters) – Chinese shares soared to two-year highs on Tuesday as mainland markets reopened from a week-long holiday to a flurry of speculation of more stimulus from Beijing. The blue-chip CSI300 was up 10% in early trade to its highest since mid-2022 and the rose 9.7% and hit its best level since December 2021. China’s state planner announced $28 billion for spending and investment projects on Tuesday and pledged to quicken fiscal support, expressing full confidence in achieving this year’s economic growth and development targets. Before entering the Golden Week holiday, Chinese stocks had already been on a tear, with…

No big data? No problem! Markets started the week on a high after Friday’s NFP report, but it wasn’t long before worries over Middle East tensions, shrinking Fed rate cut chances, and the upcoming U.S. CPI and PPI data weighed on risk assets. Here’s how individual assets performed: Headlines: Japan’s top currency diplomat Atsushi Mimura said they’ll monitor FX moves including speculative trading “with a sense of urgency” Germany factory orders plummeted by 5.8% m/m in August (-1.9% expected, 3.9% previous) U.K. Halifax house price index for September: 0.3% m/m (0.2% expected, 0.3% previous) Hezbollah fired rockets at Israel’s third-largest…

Global Times with the info:China’s total cross-regional flow of people during the weeklong National Day holidays from October 1 to 7 is estimated to be about 2.008 billion trips, with an average daily year-on-year growth of 4.1%, preliminary statistics from the Ministry of Transport show on Tuesday.ps. markets in China are opening:China’s A-share market Shanghai Composite Index up 10.1% Shenzhen Composite Index up 12.7% Tech-heavy Chinext Price Index up 18.44% This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Ever feel lost in the sea of technical indicators on MetaTrader 4? Dive deep into the XB4 MT4 Indicator and learn how to harness its signals for informed trading decisions. The world of forex trading can feel like a whirlwind of charts, indicators, and complex jargon. But fear not, aspiring trader! Today, we’ll be delving into the intriguing realm of the XB4 MT4 Indicator, a tool designed to help you navigate the ever-shifting tides of the market. Understanding the Functionality of the XB4 Indicator The exact details of the XB4 indicator’s calculations are not publicly available. However, based on observations…

The No Repaint and Key PA Levels Forex Trading Strategy is a game-changer in forex trading, offering a robust solution for traders seeking reliable and consistent signals. Unlike traditional methods that often suffer from repainting issues where past signals are adjusted or erased this strategy provides a clear and unchanging view of the market. By eliminating these distortions, traders can trust that the signals they act upon are accurate and dependable, leading to more confident decision-making. At the core of this strategy is its focus on key price action (PA) levels, which are critical points on the chart where the…

The 3 Level ZZ Semafor and Trigger Line with Arrow Forex Trading Strategy is a potent combination that significantly enhances trading precision and decision-making. The core strength of this strategy lies in its integrated approach, combining the 3 Level ZZ Semafor with the Trigger Line and Arrow indicators. This blend offers a comprehensive framework for analyzing market trends and spotting potential reversals, giving traders a robust toolset for navigating the complexities of the forex market. The 3 Level ZZ Semafor is a key element of this strategy, known for its effectiveness in identifying significant price levels. It marks high and…

USD/CAD gathers strength to around 1.3620 in Tuesday’s early Asian session.  The upbeat job data prompted traders to scale back bets on further jumbo Fed rate reductions. Higher crude oil prices might cap the downside for the Loonie.  The USD/CAD pair extends the rally to near 1.3620 during the early Asian session on Tuesday. Strong labor market data on Friday caused traders to sharply ratchet back bets on aggressive Federal Reserve (Fed) interest-rate cuts, which boosts the US Dollar (USD) broadly. The US employment reports on Friday showed a rise in Nonfarm Payrolls (NFP) and a decline in the Unemployment Rate,…