Author: FX
The Range Filter indicator is a trend-following tool that plots a dynamic line on the price chart, changing color based on the current directional bias. When price moves above the filter line, it shifts to a bullish color (typically green or blue). When price drops below, it flips bearish (usually red). The key difference between this and a simple moving average? It doesn’t move with every candle close. The filter line only adjusts when price action exceeds a calculated range threshold, which means it ignores the small, meaningless wiggles that trap traders using traditional indicators. Think of it this way…
That’s a solid beat on the estimate and it reaffirms the continued resilience in the UK housing market despite the economic and financial uncertainty from the Middle East conflict. The average price of a dwelling in the UK now rises further to £278,880. The annual change for house prices is +3.0%, marking the strongest change since May last year.Nationwide notes that:”Despite the uncertainty caused by developments in the Middle East and the subsequent rise in energy prices, the UK housing market has continued to regain momentum following the slowdown recorded around the turn of the year.This is somewhat surprising given…
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.The price for Gold stood at 41,371.12 Pakistani Rupees (PKR) per gram, down compared with the PKR 41,425.39 it cost on Thursday.The price for Gold decreased to PKR 482,578.60 per tola from PKR 483,177.60 per tola a day earlier.Unit measureGold Price in PKR1 Gram41,371.1210 Grams413,729.10Tola482,578.60Troy Ounce1,286,787.00FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…
With the European Central Bank refusing to pre-commit to any rate path, the euro looks stuck in “paralysed policymaker” mode. What does this mean for the euro? Source link
Earlier this week, the Bank of England gave traders a decision that looked boring on the surface but had plenty going on underneath. Its Monetary Policy Committee (MPC) voted 8–1 to keep the UK’s benchmark interest rate—the “Bank Rate”—steady at 3.75%. While a “hold” might sound like a non-event, the subtext of the meeting and the subsequent press conference by Governor Andrew Bailey reveal a central bank walking a tightrope. Source link
The WaveTrend Indicator MT5 aims to solve that problem by combining momentum and cycle analysis into a smoother, more responsive oscillator. It highlights potential reversals and trend continuations before price makes a large move. For traders using MetaTrader 5, this tool offers a structured way to read overbought and oversold conditions with more clarity. Let’s break down how it works and how traders actually use it in live market conditions. What Is the WaveTrend Indicator MT5? The WaveTrend Indicator MT5 is a momentum-based oscillator designed to identify potential turning points and short-term trend shifts. It plots one or two lines…
Japan’s senior currency official Atsushi Mimura refused to confirm or deny reports of yen intervention after the currency breached 160 per dollar, as the BoJ’s cautious stance, $120 oil and thin Golden Week liquidity keep the pressure firmly on.Summary:Atsushi Mimura, the Ministry of Finance’s top official responsible for international finance and currency policy, declined to comment on reports that Japan had intervened in the foreign exchange market to support the yen, saying only that he would not comment on FX intervention and that Japan remains in close contact with US authorities on currency mattersMimura added that he sees no change…
AUD/JPY has been forming higher lows connected by an ascending trend line, and it looks like this support zone is facing a strong test. Can the uptrend resume soon? Source link
The U.S. advance Q1 2026 GDP missed expectations at 2.0% while core PCE inflation surged to 3.2% annually, a combination that supported the case for the Fed to stay on hold. Source link
Gold price (XAU/USD) edges higher to near $4,630 during the early Asian session on Friday. The precious metal extends the rally as renewed tensions in the Middle East have prompted traders to return to a safe-haven asset. US President Donald Trump said he was sticking with a naval blockade of Iranian ports amid concerns the vital Strait of Hormuz would not reopen anytime soon, per Bloomberg. “Their economy is crashing, the blockade is incredible,” said Trump. “Their economy is a disaster. So we’ll see how long they hold out.”Earlier on Thursday, Iranian President Masoud Pezeshkian stated that he considered the US…