Author: FX

The Wyckoff Indicator for MT4 applies principles from the Wyckoff Method, a technical analysis framework focused on price-volume relationships and market structure. Unlike momentum oscillators that simply measure speed of price change, this indicator analyzes the behavior of large market participants—banks, funds, and institutional traders who move enough volume to create meaningful price shifts. The indicator typically displays market phases: accumulation (where smart money builds positions), markup (the trending move), distribution (where positions get unwound), and markdown (the decline). Some versions overlay volume spread analysis, showing whether price ranges occurred on high or low volume, which reveals the strength behind…

MUFG’s Senior Currency Analyst Michael Wan notes that Bank Indonesia benefits from Indonesia’s net commodity exporter status, but faces weak starting macro conditions and fiscal constraints as oil rises. Higher energy prices threaten subsidy costs and the 3% of GDP deficit cap. MUFG expects BI to hold rates with a dovish bias, leaving IDR FX and bonds vulnerable during the Strait of Hormuz crisis.BI on hold as IDR seen underperforming”For Bank Indonesia, the good news is that Indonesia is a net commodity exporter, and so even though it does import oil and gas, if commodity prices including palm and coal…

U.S. government confirms Tesla and LG Energy Solution's $4.3B battery deal Source link

The Reserve Bank of Australia (RBA) raised its cash rate by 25 basis points to 4.10% at its March meeting, delivering a second consecutive rate hike as stubbornly high inflation and rising energy costs from the Middle East conflict tilted risks further to the upside. The decision passed by the narrowest possible margin — 5 votes to 4 — which ultimately weighed on the Australian dollar despite the tightening move. Key Takeaways RBA raised interest rates by 25 bps to 4.10%, marking the first back-to-back hike since mid-2023 The decision passed in a 5-4 vote, the closest vote since the…

The Fed is widely expected to hold rates steady on Wednesday, but that’s not where the real story is. The updated dot plot and Powell’s press conference could end up being the most important Fed signals of the year so far, as traders look for how the Fed navigates an ugly mix of oil-driven inflation pressure and a softening labor market. Here’s what markets are expecting from the event: Source link

Earlier:—A new energy shock linked to the Middle East conflict is complicating the Federal Reserve’s path toward rate cuts.This via Nick Timiraos, Wall Street Journal (gated). In brief …. Summary:The Federal Reserve is confronting new inflation risks linked to the Middle East conflict, complicating expectations for rate cuts.The Fed’s preferred inflation gauge, core PCE, accelerated to 3.1% in January from 2.6% last April, signalling stalled progress toward the 2% target.Markets have sharply repriced policy expectations, with probability of a rate cut by December falling to 47% from 74% before the Iran war began.The Fed’s policy debate now centres less on…

Delta volume calculates the net difference between uptick volume and downtick volume for each bar. Here’s how it works: When price closes higher than the previous tick, that volume gets marked as buying pressure. When price closes lower, it’s selling pressure. The indicator subtracts selling volume from buying volume, giving you a positive or negative delta for each period. Unlike standard volume indicators that just show total activity, delta volume tells you who won that activity. A bar might show massive volume, but if delta is negative, sellers dominated despite all that action. That’s crucial information. On MT4, the indicator…

Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that underlying inflation gradually accelerating toward our 2% target. Ueda added that central bank will guide monetary policy appropriately to stably and durably achieve the inflation target.  Key quotesUnderlying inflation gradually accelerating toward our 2 percent target. Will guide monetary policy appropriately to stably and durably achieve 2% inflation target. Expect underlying inflation to converge toward our target in latter half of fiscal 2026 through fiscal 2027. Market reactionAs of writing, the USD/JPY pair is up 0.11% on the day at 159.21. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets…

U.S. dollar slips as markets assess Iran war developments and central bank outlook: Currency Recap Source link

A sharp reversal in crude oil prices drove a broad risk-on shift on Monday, with equities rallying, Treasury yields declining, and the US dollar sliding to its worst daily performance among the major currencies, as diplomatic efforts to ease the Strait of Hormuz shipping crisis offered markets a partial reprieve from the geopolitical anxiety that had dominated last week. Sentiment was potentially further supported by stronger-than-expected Chinese activity data and by US officials signaling that Iranian oil shipments remain permitted and that energy prices are expected to normalize in the months ahead. With the Federal Reserve widely expected to hold…