Author: FX

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1139, as against the previous day’s fix of 7.1139 and 7.1245 Reuters estimates. Source link

The foreign exchange market, or forex for short, is a dynamic and ever-evolving landscape. For traders navigating this complex terrain, having the right tools at their disposal is paramount. Enter the Profit Line MT4 Indicator, a valuable asset within the MetaTrader 4 (MT4) platform that can significantly enhance your trading experience. This article delves deep into the world of the Profit Line MT4 Indicator, equipping you with the knowledge to leverage its functionalities and potentially elevate your trading game. We’ll explore its inner workings, discuss how to add and customize it, and analyze its strengths and limitations. So, buckle up,…

The Slope Direction Line and Squeeze Break strategy has emerged as a compelling method in forex trading, harnessing the power of two distinct indicators to enhance trading decisions. This strategy combines the dynamic Slope Direction Line (SDL) indicator with the insightful Squeeze Break indicator to pinpoint optimal entry and exit points in volatile markets. The SDL indicator serves as a real-time trend identifier, adjusting fluidly to market conditions to accurately reflect trend strength and direction. This adaptability is particularly advantageous in forex, where trends can change swiftly. Alongside the SDL, the Squeeze Break indicator detects periods of low volatility (“squeeze”)…

SlavkoSereda/iStock via Getty Images Crude oil futures surged more than 3% Monday after Israel and Hezbollah exchanged strikes over the weekend and Libya’s rival eastern government said it is shutting down oil production and exports, adding to gains made Friday after Fed chair Jerome Powell indicated a start to interest rate cuts in September. Oil already was trading higher Monday after Israel sent more than 100 warplanes to take out thousands of Hezbollah missile launchers on Sunday, prompting a response from the terror group, but prices surged after Libya’s eastern government called a force majeure on all oil production and…

Apple is announcing a change in its senior management as Luca Maestri its current CFO will step down as of January 1 and be replaced by Kevan Perakh. Apple shares are trading around -0.7 in after-hours trading, after closing higher by 0.15% today. This article was written by Greg Michalowski at www.forexlive.com. Source link

Mexican Peso slips as investors worry about the potential approval of controversial judiciary reforms, which could increase political risks. Morena’s supermajority in Congress heightens fears of constitutional changes, leading to greater concentration of power and higher risk premiums. Dovish comments from Banxico Deputy Governor Galia Borja add pressure. The Mexican Peso begins the week on the back foot, reversing most of last Friday’s gains. Losses of over 1.80% are seen in the Peso amid fears that the Mexican Congress could approve the Judiciary Reform bill and dovish comments from Deputy Governor Galia Borja. At the time of writing, the USD/MXN…

By Ahmed Elimam, Nur-Azna Sanusi and Adam Makary (Reuters) -The Greek-flagged tanker Sounion has been on fire in the Red Sea since Aug. 23 after an attack by Yemen’s Houthis with no obvious signs of an oil spill, EU Red Sea naval mission Aspides said in a post on X on Monday. The EU mission published photos dated Sunday showing fire and smoke coming out of the vessel’s main deck. Reuters has verified the authenticity of a Houthi video of a fiery assault on the ship. The Sounion is carrying 150,000 tonnes of crude oil and poses an environmental hazard,…

Canada’s governing Liberal party is being destroyed in the polls and will almost surely lose in an election that must be called between now and October 20, 2025 at the latest.The election will almost-certainly be fought over immigration levels and the housing and infrastructure crunch that came with it. Here’s a chart to highlight how the doors were thrown open:Two big avenues were drivers:Temporary foreign workersCollege ‘students’ who used a backdoor via mostly fake collegesThe government has seen the writing on the wall and Prime Minister Justin Trudeau is facing a revolt within his party. He’s holding a cabinet retreat…

BoE Governor Bailey’s comments at Jackson Hole Friday reflected a cautious near-term policy outlook, Scotiabank’s Chief FX Strategist Shaun Osborne notes. BoE Gov Bailey maintains cautious policy outlook “Bailey said it was too early to declare victory over inflation with price growth not sustainably back to target. The remarks support market pricing that suggests policymakers are likely to await more data before easing rates again late this year (November). GBP has drifted marginally lower in quiet trade, with UK markets closed for the bank holiday.” “Cable losses are marginal from Friday’s 1.3230 high (highest since early 2022). Spot is consolidating…

Monty Rakusen FTAI Aviation (NASDAQ:FTAI) on Monday was maintained at a Buy rating at financial services firm BTIG as research coverage switches from one analyst to another. “FTAI’s (FTAI) extensive maintenance, repair and operations (MRO) network and engine fleet put the company in a prime position to benefit from an increasingly aging global fleet,” Andre Madrid, analyst at BTIG, said in an August 26 report. “We expect FTAI Aviation (FTAI) to continue benefiting from robust leasing demand and CFM56 and V2500 MRO volumes as OEM production woes persist.” BTIG raised its price target on FTAI to $140 a share from…