Author: FX

The Rex and Clock strategy stands out as a potent tool for traders seeking to harness both technical prowess and strategic timing. At its heart lies the Rex indicator, renowned for its robustness in identifying market trends and momentum shifts with precision. Unlike static indicators, Rex adapts dynamically to evolving market conditions, offering traders timely signals for optimal entry and exit points. Complementing the Rex indicator is the Clock component, which underscores the critical role of timing in Forex trading. This facet of the strategy helps traders align their actions with specific timeframes, enabling them to capitalize on market opportunities…

The BBsqueeze Indicator, a brainchild of technical analysis enthusiasts, is a custom indicator built for the widely popular MetaTrader 4 (MT4) trading platform. It combines the strengths of two well-established indicators: Bollinger Bands and Keltner Channels. Bollinger Bands: Developed by legendary trader John Bollinger, these bands depict a measure of price volatility. When the bands contract, it suggests a potential squeeze in volatility, often followed by a breakout in either direction. Conversely, expanding Bollinger Bands indicates heightened volatility. Keltner Channels: Invented by Chester Keltner, these channels capture price movement volatility by using the Average True Range (ATR) indicator. Similar to…

The Volatility and Double Stochastic RSI Forex Trading Strategy stands out in the fast-paced world of forex trading for its powerful combination of technical precision and adaptability to market conditions. By integrating the Relative Strength Index (RSI) with dual stochastic oscillators, this strategy offers traders a robust framework to identify high-probability trading opportunities with enhanced clarity and confidence. What sets this strategy apart is its dual stochastic approach, which goes beyond the traditional RSI by providing a deeper insight into market momentum and potential reversals. With two stochastic oscillators at play, traders gain a more nuanced understanding of price movements,…

GBP/USD kicks off the new week on a positive note amid the prevalent USD selling bias. Rising bets for a 50 bps Fed rate cut and the upbeat market mood undermine the buck. Bulls might refrain from placing aggressive bets ahead of the key central bank event risks. The GBP/USD pair attracts some dip-buying on the first day of a new week amid relatively thin trading conditions on the back of a holiday in China and Japan. Spot prices currently trade around the 1.3135-1.3140 region, up just over 0.10% for the day and remain close to a one-week high touched…

By David W Cerny, Radovan Stoklasa and Marek Strzelecki JESENIK, Czech Republic/WARSAW (Reuters) -The death toll from flooding in central Europe rose to eight on Sunday as thousands of people were evacuated from their homes in the Czech Republic following days of torrential rain that caused rivers to burst their banks in several parts of the region. A low-pressure system named Boris has triggered downpours from Austria to Romania, leading to some of the worst flooding in nearly three decades in hard-hit areas in the Czech Republic and Poland. More rain and strong winds are forecast until at least Monday,…

Just a reminder to all that if you are trading emini US equity futures on the CME the September contract expires this week.There is a lot going on so you may (probably not) have been distracted.Firstly, if you are new to all this, check out:Alternatively, if you’re all “Just gimme the dates!!!:Note the first thing it says is that:CME Group Equity Index futures allow market participants to roll their futures positions from one quarterly futures contract month to the next at any time they choose.So, yeah, any time you like! However, it’s a reasonable practice to roll onto the new…

KYIV (Reuters) -A Russian-guided bomb struck a multi-storey apartment building on Sunday in Kharkiv, Ukraine’s second-largest city, triggering a fire and injuring at least 41 people, the region’s governor said. President Volodymyr Zelenskiy said the latest attack underscored the need for Ukraine’s Western partners to provide weapons and air defence systems and permission to use weaponry on targets deep inside Russia to save lives. Oleh Syniehubov, governor of Kharkiv region in northeastern Ukraine, said on Telegram that rescue operations were proceeding, with 12 people in hospital, three in serious condition. He said residents could be trapped under rubble. Syniehubov posted…

This week our currency strategists focused on the U.K. jobs update and the U.S. CPI update 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. If you’d like to follow…

By Gnaneshwar Rajan (Reuters) -Air Canada has reached a tentative, last-minute deal with its pilots’ union over a new four-year collective agreement, the airline said on Sunday, ending a stand-off over pay and benefits and averting a near-term strike or lockout. The airline, which is Canada’s largest, was preparing to progressively cancel flights over three days and to completely shut down its operations as early as Sept. 18. Flights will now run as usual. Air Canada and Air Canada Rouge, which operate nearly 670 flights per day carrying about 110,000 daily passengers as well as freight. Air Canada said the…

Consumer demand has been lackluster for some time in China, as evidenced by Saturday’s lower-than-expected retail sales for August and sub-5% gross domestic product growth for the second quarter. Still, some consumer companies are posting solid gains even amid slowing growth momentum in the world’s second-largest economy. Walmart’s (NYSE:WMT) Sam Club membership warehouse club unit saw “double-digit sales growth, along with “strong membership trends,” Chief Executive Doug McMillon said on an August 15 earnings call to discuss the retail giant’s fiscal Q2 results. “We continue to gain market share, including in general merchandise, and transaction counts, and unit volume are…