Author: FX

GBP/CAD has been cruising above a rising trend line these days, and it looks like another dip to support is in order. Can the uptrend stay intact? Let’s take a closer look at the area of interest seen on the 4-hour time frame! GBP/CAD 4-hour Forex Chart by TradingView Crude oil prices have been on a tear again these days, lifting the correlated Loonie and dragging GBP/CAD down from its highs around the 1.8100 region. The pair is now down to its 50% Fibonacci retracement level just above S2 (1.7890) but could still go for a larger dip to the…

The U.S. ISM manufacturing PMI survey for September came in weaker than expected, as the index held steady at 47.2 to reflect the same pace of industry contraction instead of improving to the 47.6 consensus. This marked the sixth consecutive month that the index stayed below the 50.0 mark, as majority of components reflected a slowdown for the period. In particular, the prices sub-index fell 5.7 points to 48.3 from its August reading of 54, its first contractionary reading so far this year. The employment component came in at 43.9, down 2.1 points from the previous 46 reading, while new…

A BMO note previews the debate coming up between Vance and Walz. I popped this up earlier:In the note BMO say that given the unpredictability of this election cycle, the debate is expected to draw significant attention, and that it may influence financial markets, especially following the Harris-Trump debate, which led to notable price movements. However, analysts are skeptical that this event will result in a sustained impact on Treasury yields. Instead, the market appears more focused on the immediate implications of the Middle Eastern conflict and the upcoming employment data. While the debate might shift the odds in favor…

Renko charts and Volume Profiles represent a powerful and effective strategy for Forex trading, offering a refined approach to market analysis. Renko charts, known for their simplicity, focus exclusively on price changes and ignore the element of time. This unique feature allows traders to filter out the market noise that often obscures clear trends and potential reversals. By eliminating the clutter of time-based fluctuations, Renko charts provide a cleaner, more direct view of price movements, making it easier to identify significant trends and make timely trading decisions. Adding a Volume Profile to the mix enhances this approach by offering a…

The II SupDem and Buy Sell Volume Forex Trading Strategy combines two powerful techniques to help traders navigate the forex market with precision. By leveraging SupDem (Support and Demand) levels and Buy Sell Volume analysis, this strategy aims to identify strategic entry and exit points based on market dynamics. SupDem levels are critical zones on a price chart where historical price action has shown significant reactions. These levels mark areas where buying (demand) or selling (supply) pressure has historically caused price reversals or consolidations. Traders use technical tools such as trend lines and Fibonacci retracements to identify these levels, which…

The world of forex trading can feel like a whirlwind of charts, indicators, and complex jargon. But fear not, intrepid trader! Today, we’ll be delving into a valuable tool that can help simplify your analysis and potentially boost your trading confidence: the AO Signal Candle MT4 Indicator. This article is designed to be your one-stop shop for understanding the AO Signal Candle Indicator. We’ll break down its core components, explore its functionalities, and equip you with the knowledge to integrate it effectively into your trading strategies. So, whether you’re a seasoned trader seeking to refine your approach or a curious…

EUR/USD tumbled 0.6% on Tuesday as risk-off flows drag Fiber down. Middle East escalations crimped already-hobbled investor sentiment. EU HICP inflation and US ISM PMIs broadly miss the mark. EUR/USD tumbled six-tenths of one percent on Tuesday, finding a minor bounce from the 1.1050 level as geopolitical tensions and souring economic data crimp risk appetite flows, bolstering the Greenback and dragging the Fiber to its lowest prices in almost a month. European Harmonized Index of Consumer Price (HICP) inflation ticked lower at a faster pace than expected in September. YoY core HICP inflation ticked down to 2.7% on an annual…

Thank you for your assistant/iStock Editorial via Getty Images Nike (NYSE:NKE) fell in postmarket trading on Tuesday after management explained during the earnings conference call that the athletic apparel company was withdrawing its FY25 guidance and delaying its Investor Day event due to the CEO transition that is Source link

(Reuters) -Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid stiff competition from newer brands globally, sending its shares down 6% after hours. It had earlier forecast a mid-single-digit percentage range decline in annual revenue. The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as Air Max Dn and Pegasus 41 to revive demand. Analysts also say Nike (NYSE:) has done little to drive demand and take back market share from brands like…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…