Author: FX
Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 23,874.02 Pakistani Rupees (PKR) per gram, up compared with the PKR 23,841.90 it cost on Wednesday. The price for Gold increased to PKR 278,461.90 per tola from PKR 278,087.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 23,874.02 10 Grams 238,740.20 Tola 278,461.90 Troy Ounce 742,565.70 FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the…
It looks like WTI crude oil traders just can’t make up their minds! The energy commodity is still hanging out at its area of interest visible on the 4-hour time frame, as several inflection points span the region. Will the longer-term trend persist? WTI Crude Oil (USOIL) 4-hour Forex Chart by TradingView Worsening geopolitical tensions in the previous week lifted crude oil prices back up to the former support zone around the $72 per barrel mark, which held as resistance this time. After all, the spotlight seems to have shifted away from the Middle East conflict and back to global…
MEXICO CITY (Reuters) -After already battering Mexico’s Guerrero state, a strengthening Tropical Storm John is on track to turn back into a hurricane, the U.S. National Hurricane Center (NHC) said on Wednesday, hurtling back towards communities across the Pacific coast. John first made landfall on Monday at major hurricane strength, triggering flooding and landslides that crushed homes while leaving at least five dead. Its remnants brought intense rains across several states, home to major ports and beach resorts, before strengthening again. The storm moved back into the Pacific Ocean earlier on Wednesday and the NHC now forecasts John to again…
A lack of fresh catalysts attracted pullbacks and potential profit-taking among the major assets on Wednesday. Which market themes moved your favorite assets anyway? Let’s discuss! Headlines: Australia’s inflation is broadly cooler but still high in August BOJ core CPI remained at 1.8% y/y as expected in August Switzerland UBS economic expectations weakened from -3.4 to -8.8 in August BOE member Megan Greene favors a “gradual” approach to cutting interest rates as services inflation remains high and growth risks point to a higher long-term neutral rate China CB Leading Economic Index declined by 0.2% m/m in August after seeing steady…
Will the upcoming U.S. core PCE price index keep the Fed likely to ease monetary policy gradually or can the central bank’s preferred inflation measure tip the scales towards a more aggressive approach? Read on to find out what market analysts are expecting for this top-tier event and how it could affect USD trends. 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 economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The Market Facilitation Index, often abbreviated as MFI, acts as a volume-based technical indicator specifically designed for the MetaTrader 4 (MT4) platform. In essence, it gauges the market’s willingness to move the price in a particular direction by analyzing the relationship between price changes and trading volume within a given timeframe. Key Features of the MFI Here’s what makes the MFI stand out: Focus on Volume: Unlike traditional indicators solely focused on price, the MFI integrates volume data, offering a more comprehensive picture of market activity. Simplicity: The MFI’s calculation is relatively straightforward, making it accessible to traders of all experience levels.…
The Exit and Fisher No Repainting Forex Trading Strategy addresses this critical issue by employing indicators designed to provide stable and unchanging signals. By eliminating the repainting problem, this strategy aims to simplify trading decisions and enhance the reliability of the signals that traders rely on for their trades. One of the key features of the Exit and Fisher No Repainting Strategy is its focus on exit points, paired with the Fisher Transform. The Fisher Transform is a tool that converts price data into a more Gaussian distribution, making it easier to identify extreme price points and potential reversals. Unlike…
The Volume Profile and Reversal Bar Forex Trading Strategy stands out as a compelling approach in the Forex trading arena. This strategy leverages the volume profile, which maps out where substantial trading activity has occurred over a specified period. By highlighting these areas of high volume, traders gain valuable insights into critical support and resistance levels. This detailed picture of market activity helps traders identify where price action is likely to reverse or consolidate, making it a foundational tool for forecasting market behavior with enhanced precision. The true power of this strategy emerges when combined with reversal bars. Reversal bars,…
imaginima/iStock via Getty Images Vistra (NYSE:VST) is now this year’s best performing stock on the S&P 500, passing Nvidia (NVDA) after closing +5.9% on Wednesday to an all-time intraday high of $120.61 for its 13th consecutive daily gain. Vistra (VST) shares have more than tripled Source link
Commonwealth Bank of Australia rgue that the RBA’s latest household consumption forecasts, updated in August, “look too rosy”.CBA point to the 1.1% rebound in household consumption the RBA is projecting, and argue:This represents a significant increase compared to the 0.3% growth seen in the first half of the year.Such a sharp rise in spending growth hasn’t been reflected in CBA’s internal data up until late September.It also doesn’t align with the current cautious spending patterns, given the ongoing low consumer confidence.CBA conclude:We expect the RBA will need to downwardly revise their consumption forecasts in November. Indeed, the RBA this week…