Author: FX
The United States (US) Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October. The report was delayed by the government shutdown, which diminishes its potential impact on the US Dollar (USD). The Retail Sales report is a key indicator of consumer spending and consumer demand, which are major drivers of the US economy.Retail Sales Control Group, a smoother reading that excludes automobiles, gasoline, building materials, and food services, surged 0.8% in October after an unrevised 0.1% dip in September.…
The Sideways Market MT4 Indicator is built to highlight periods when price movements are flat or range-bound. It analyzes past price action, looking for low volatility zones where neither bulls nor bears dominate. By visually signaling these periods on your MT4 chart, the indicator helps traders avoid entering trades blindly. For example, during a sideways phase, trend-following strategies may fail, but this indicator ensures traders can recognize the pause in momentum before taking action. It is particularly useful for scalpers or swing traders who need to know when the market is likely to stay quiet. How It Helps Traders Avoid…
A binary indicator operates on simple logic: it generates one of two states per candle. Think of it like a light switch—either on or off, buy or sell, bullish or bearish. Unlike oscillators that move through a range of values, binary indicators make clear-cut decisions. The “no repaint” aspect is where things get critical. When an indicator doesn’t repaint, its signal for a closed candle remains fixed. If it showed a buy arrow at the close of the 10:00 AM candle, that arrow stays there whether the market moves up or down afterward. This consistency lets you backtest accurately and…
Well, the US may have tried to ease the approval criteria for Nvidia H200 chip exports to China. But evidently, Beijing looks to be having none of that. Quite literally.The latest report here states that China customs authorities have told customs agents this week that Nvidia’s H200 artificial intelligence (AI) chips are not permitted to enter the country. One of the sources claimed that:”The wording from the officials is so severe that it is basically a ban for now, though this might change in the future should things evolve.”As a reminder, the H200 AI chip is quite the contentious issue…
The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan. Source link
GBP/USD looks ready to extend a months-long uptrend! Will Cable see green candlesticks in the next trading sessions? Here’s what we’re seeing on the 4-hour time frame: GBP/USD 4-hour Forex Chart by TradingView The U.S. dollar is clawing back some of the losses it took late in December, with traders leaning into the Greenback as geopolitical jitters drive risk aversion and markets settle into expectations for gradual Fed rate cuts. The British pound didn’t enjoy the same treatment. Even with the U.K. economy looking steadier than many of its peers, Sterling had a rough week against the dollar as traders…
US civil rights pioneer Claudette Colvin dead at 86 Source link
We’ve got a fresh batch of growth figures from the U.K. economy this week! Will the GDP data make or break BOE policy expectations? Source link
The Stochastic indicator compares a currency pair’s closing price to its price range over a set number of periods. George Lane developed it in the 1950s on a simple observation: in an uptrend, prices tend to close near the highs, while downtrends see closes near the lows. The indicator produces two lines—%K and %D—that oscillate between 0 and 100. The %K line is the faster, more reactive line. The %D line smooths out %K, acting like a signal line. When %K crosses above %D near the oversold zone (below 20), it suggests buying pressure is building. A cross below %D…
Summary:Japan stocks extend rally on snap election speculationNikkei breaks above 54,000 for first timeMarkets price fiscal stimulus and stopgap budget riskYen weakens past 159, lowest since July 2024FX jawboning fails to slow equity-yen dynamicJapanese equities extended their rally on Wednesday, pushing further into record territory as speculation mounted that Prime Minister Sanae Takaichi may call a snap lower house election, reinforcing expectations of looser fiscal policy and prolonged yen weakness.According to the Yomiuri newspaper, Takaichi is considering dissolving parliament next week and holding an election on February 8. If confirmed, it would mark her first time facing voters since taking…