Author: FX
The Gann Signal MT5 Indicator aims to translate some of Gann’s theoretical concepts into a user-friendly tool for the MetaTrader 5 (MT5) trading platform. This indicator, often created by third-party developers, can potentially generate buy and sell signals based on Gann’s principles, offering a simplified way to incorporate Gann analysis into your trading strategy. Now that we’ve met the mastermind behind the theory and the indicator itself, let’s delve deeper into how the Gann Signal MT5 Indicator functions. Understanding the Functionality of the Gann Signal MT5 Indicator Types of Gann signals generated The specific type of Gann signals generated by…
Caroline Ellison is Sam Bankman-Fried’s ex-girlfriend.She’s copped the jail time for helping Sam steal $8 billion in customer fundsEllison ran the hedge fund tied to the digital currency trading platform FTXShe pleaded guilty to seven counts of fraud and conspiracy.She testified against Bankman-Fried, which appears to have lightened her sentence. SBF has been locked up for 25 years. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Mexican Peso strengthens after US Consumer Confidence deteriorated. Mexico’s inflation fell below estimates in September, with core inflation easing under 5%, boosting expectations for a 25 bps rate cut by Banxico on Thursday. Analysts expect Banxico to lower rates from 10.75% to 10.50%, citing falling inflation, weaker economic activity and Fed easing. The Mexican Peso advanced against the US Dollar during the North American session after the Conference Board (CB) revealed that Consumer Confidence in the United States (US) deteriorated. Meanwhile, Mexican inflation dipped below estimates ahead of Thursday’s Bank of Mexico (Banxico) monetary policy meeting. At the time of…
Thanumporn Thongkongkaew/iStock via Getty Images Light & Wonder (NASDAQ:LNW) is being sized up after the shock legal ruling that a Nevada District Court judge granting Aristocrat Leisure Limited (OTCPK:ARLUF) a preliminary injunction relating to the company’s successful Dragon Train game. The court ruled Source link
The Reserve Bank of Australia (RBA) kept its cash rate target unchanged at 4.35% today, maintaining its hawkish stance on inflation while acknowledging economic uncertainties. This decision was widely expected by market participants, as covered and anticipated in the Babypips.com Event Guide. Key points from the RBA statement: Inflation remains above target and is proving persistent Current forecasts do not see inflation returning sustainably to target until 2026 GDP data for June quarter confirmed weak growth Labour market conditions remain tight despite some signs of gradual easing The Board remains resolute in its determination to return inflation to target Link…
The major European indices are ending the day with gains. The gains are not on par with the China and Hong Kong gains of 4% but German Dax up 0.75% and France’s CAC up 1.28% is not bad. The closing levels show: German DAX, +0.75%France’s CAC +1.28%UK’s FTSE 100 +0.28%Spain’s Ibex +0.33%Italy’s FTSE MIB +0.60%As London/European traders head for the exits, US indices are also back in positive territory after earlier declines on the weaker US consumer confidence and Richmond Fed survey data.Dow industrial average +0.07%S&P index +0.10%NASDAQ index +0.36%The small-cap Russell 2000 is unchangedLooking at US yields as we…
EUR/USD rises from 1.1100 as investors digest downbeat flash Eurozone PMI data for September. Market participants expect the Fed to cut interest rates further by 50 bps in November. Investors shift their focus to the US PCE inflation data for August. EUR/USD gains after discovering buying interest near the key support of 1.1100 in Tuesday’s North American session. The major currency pair recovers from Monday’s losses, which were triggered after the release of the flash HCOB Purchasing Managers Index (PMI) data for September. The PMI report showed that the business activity unexpectedly sank into contraction, which was estimated to fall slightly but remained above the 50.0…
Here’s a recap on the month of major central bank policy decisions so far:That leaves us with the SNB left later in the week. And I would say it will be one of the more interesting decisions besides the Fed in September.The “expectation” is for the Swiss central bank to cut rates by 25 bps, bringing the key policy rate to 1.00%. This was their previous decision in June.However, since then, they have made a bit of a pivot to comment on their dislike towards a stronger franc. In terms of USD/CHF, the pair is keeping near the lows for…
German IFO Business Climate Index misses estimates with 85.4 in September. The IFO Current Economic Assessment Index fell to 84.4 in the reported month. The headline German IFO Business Climate Index dropped to 85.4 in September from 86.6 in August, missing the market expectations of 86.0. Meanwhile, the Current Economic Assessment Index fell to 84.4. in the same period from 86.4 recorded in August. The reading came in below the estimated 86.1 print. The IFO Expectations Index – indicating firms’ projections for the next six months, dropped to 86.3 in September vs. 86.8 in August and 86.3 forecast. Market reaction to the German…
New Mountain Finance (NASDAQ:NMFC) announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.200% unsecured notes due 2027. The notes will mature on October 15, 2027. The notes will bear interest at a rate Source link