Author: FX

This week, all eyes will be on the Fed and the European Central Bank (ECB) as the U.S. and Euro Area release key reports that could shape the next moves from both central banks. Specifically, investors are expected to focus on the U.S. September non-farm payrolls report and the Euro Area’s flash CPI estimate, both of which will play a crucial role in the decisions ahead. What are the markets expecting from these events? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact…

China PMIs from the private survey These are not good results, but these are old, old news now given all the stimulus announcements from China this past week. Earlier:China official PMI data: Manufacturing 49.8 (expected 49.5)—–China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered…

MACD Histogram MC Indicator The MACD Histogram MC is a key element of the MACD Histogram MC and Moving Averages Color Forex Trading Strategy. This enhanced version of the classic MACD indicator provides traders with a detailed view of market momentum through its histogram bars. The MACD Histogram MC measures the difference between the MACD line and the signal line, visually representing the strength and direction of market momentum. As the histogram bars fluctuate in height and color, they offer immediate insights into potential changes in trend direction, making it easier to identify trading opportunities. What sets the MACD Histogram…

Ever feel lost in the ever-changing tides of the financial markets? You’re not alone. Identifying trends can be a daunting task, but what if there was a tool that could help you navigate these market currents with more confidence? Enter the Trend CCI MT4 Indicator, a powerful ally for trend-following traders on the MetaTrader 4 platform. This in-depth guide will equip you with the knowledge to harness the Trend CCI’s potential and make informed trading decisions. We’ll delve into the world of trend following, explore the inner workings of the CCI, and unpack the Trend CCI’s functionalities within the MT4…

3 MA Cross with Alert The 3 MA Cross with Alert is a foundational component of this forex trading strategy, leveraging the power of three moving averages (MAs) to identify potential trends and trading opportunities. Moving averages smooth out price data over a specified period, making it easier to discern underlying market trends. In this strategy, traders typically use three different MAs, each representing a different timeframe (e.g., short-term, medium-term, and long-term). The core principle behind the 3 MA Cross strategy is based on the intersections or crossings of these moving averages. Specifically, a bullish crossover occurs when a shorter-term…

USD/JPY kicks off the new week on a positive note and stalls Friday’s pullback from a multi-week top. The upbeat market mood, Japan’s politics and mixed data from Japan undermine the safe-haven JPY.  The divergent BoJ-Fed policy expectations keep a lid on any further appreciating move for the pair.  The USD/JPY pair attracts some dip-buyers at the start of a new week and reverses a part of Friday’s sharp retracement slide from the 146.50 area or over a three-week high. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-142.00s, up less than 0.25%…

By Gram Slattery (Reuters) -Republican presidential candidate Donald Trump was speaking at a rally in Pennsylvania on Sunday, his fourth campaign stop in a month in what has become the 2024 campaign’s most hotly contested state. The former president had begun addressing supporters in Erie, in Pennsylvania’s northwest corner, shortly after 2 p.m. local time (1800 GMT). His rally comes one month to the day after his running mate, U.S. Senator JD (NASDAQ:) Vance, held his own event in the lakeside city, and six days before Trump is due to hold another rally in western Pennsylvania, on Oct. 5. Many…

This week our currency strategists focused on the Australian CPI update and the monetary policy statement from the Swiss National Bank for potential high-quality setups. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan.…

On Sunday the People’s Bank of China announced it’d be instructing banks to lower mortgage rates for existing home loans before October 31. The PBOC said banks should reduce interest rates on existing mortgages to no less than 30 basis points (bps) below the Loan Prime Rate (LPR)The 5-year Loan Prime Rate (LPR) was left unchanged at 3.85% this month. The five-year rate is used as a reference for long-term credit including mortgages. While it was left stable it is expected be lowered. In effect, mortgage rates should drop by circa 50bp. China’s property secotr has been, and continues to…

By Sarah Morland MEXICO CITY (Reuters) – Residents in south-western Mexico on Saturday evacuated from homes flooded by the remnants of Hurricane John that ravaged the Pacific coastline for a week, bringing deadly floods and landslides that left 22 people reported dead. In Guerrero, the worst-hit state and one of Mexico’s poorest, 18 people were killed, according to local media, many due to mudslides that crushed houses. To the south, local media reported three deaths in Oaxaca, and a young boy died in a river to the north in Michoacan state. John rapidly strengthened into a major hurricane on Monday…