Author: FX

The Williams R, also known as the Williams %R, is a momentum oscillator specifically designed for the MetaTrader 4 (MT4) platform. It helps traders identify overbought and oversold conditions in the market, providing valuable insights into potential price reversals. In simpler terms, the Williams R tells you when an asset might be getting a little pricey (overbought) or when it’s on sale (oversold), based on its recent price movements. This indicator was developed by the legendary technician Larry Williams, who’s known for his innovative approach to technical analysis. The Williams R offers a unique perspective on market momentum, making it…

RBC has been looking for a rate cut from the Reserve Bank of Australia at the May 2025 meeting, citing:inflation in Australia remaining elevated, above RBA targetslower growth not a reason for the RBA to cut this yearRBA didn’t hike as much as the Fed or ECB so the RBA easing path is going to be a lot more gradualRBC have dragged their forecast forward now to February 2025 instead. Where toe RBA, and inflation, is at in Australia. Source link

Gold prices remained broadly unchanged in Malaysia on Sunday, according to data compiled by FXStreet. The price for Gold stood at 347.72 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 347.72 it cost on Friday. The price for Gold was broadly steady at MYR 4,055.68 per tola from MYR 4,055.68 per tola a day earlier. Unit measure Gold Price in MYR 1 Gram 347.72 10 Grams 3,477.15 Tola 4,055.68 Troy Ounce 10,815.16   FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on…

Avid Bioservices (NASDAQ:CDMO) is scheduled to announce Q1 earnings results on Monday, September 9th, after market close. The consensus EPS Estimate is -$0.04 (-33.3% Y/Y) and the consensus Revenue Estimate is $40.82M (+8.3% Y/Y). Over the last 2 years, CDMO has beaten EPS estimates 25% of the time and has beaten revenue estimates 75% of the time. Source link

By Bruno Kelly HUMAITA, Brazil (Reuters) – Water levels in the rivers that run through the vast Amazon (NASDAQ:) rainforest have been falling, after a record drought followed by less rain, presenting unprecedented challenges for the Ribeirinhos people living there. With rivers becoming more difficult to navigate and water too dirty to consume, many of the traditional rural population who live on river banks have been relying on outside supplies of drinking water. Francisca das Chagas da Silva, a resident, said older people in particular have struggled because they needed to walk much further to get water. “We have to…

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…

miodrag ignjatovic/E+ via Getty Images DirecTV on Sunday said it filed a complaint with the U.S. Federal Communications Commission that claims media company Walt Disney (NYSE:DIS) failed to negotiate in good faith and engaged in anticompetitive behavior. The satellite-television provider said Disney (DIS) imposed unreasonable terms on renewing the distribution agreement between the two companies. The demands include requirements on bundling and market penetration that were ruled as unlawful by a federal court, Reuters reported. DirecTV also claimed Disney (DIS) pushed for a “fat bundle” of channels that would force the programming distributor to offer less popular programming as Disney…

By Lamine Chikhi ALGIERS (Reuters) – A candidate in Algeria’s presidential election has alleged irregularities in the vote count, with results due later on Sunday expected to give President Abdulmadjid Tebboune a second term in office. Saturday’s election drew little enthusiasm from voters, with preliminary turnout figures of 48% in the contest between Tebboune and Abdelaali Hassani Cherif, a moderate Islamist, and Youcef Aouchiche, a secularist. Hassani Cherif’s campaign said polling station officials had been pressured to inflate results and alleged failures to deliver vote-sorting records to candidates’ representatives, as well as instances of proxy group voting. It did not…

gold monthlyChina’s central bank didn’t report any gold purchases in August, saying that reserves remain at 72.80 million troy ounces. Reported buying halted in May after many months of accumulation.Reports afterwards suggested the PBOC had grown price sensitive.in February the PBOC bought 390,000 ounces in March, 160,000in April, 60,000A few things:Buying tapered above $2000I’m not sure I would trust that the PBOC isn’t actually buying. To properly diversify, they need to buy and waiting for $2000 at this point isn’t going to get them there. It would make sense to hide purchases to limit front-running.I take it as a bullish…

PARIS (Reuters) – France has asked the European Commission to extend beyond Sept. 20 its deadline for submitting a plan to reduce its public deficit to ensure coherence with Paris’ 2025 draft budget, La Tribune du Dimanche said on Sunday, citing the Finance Ministry. France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry said in a letter to lawmakers earlier this month, as the euro zone’s second-biggest economy lurches deeper into political crisis. The deteriorating finances have put Paris into EU disciplinary proceedings and left incoming Prime…