Author: FX
Do you want to learn how to make all the money you just deposited in your trading account quickly vanish? In 10 days or less? Here’s a step-by-step guide: Step 1: Buy a super expensive computer. Don’t forget to buy at least SIX 27” Supreme Ultra HD monitors and mount them all on a magnificent monitor stand so that you can watch your price charts along with CNBC, Bloomberg TV, Fox Business News, Reuters TV, and Cheddar, all at the same time! You need ALL of this stuff in order to trade successfully! Don’t forget about the luxury ergonomic chair. Once you’ve bought them…
The decline in UK construction activity was less pronounced in December but it’s still a terrible end to the year for the sector. There were sharp falls once again in housing, commercial and civil engineering activity as incoming new work remains subdued. Civil engineering (32.9) was the weakest-performing category of construction activity in December, and that is despite recording a softer rate of contraction than in November. Meanwhile, both housing activity (33.5) and commercial construction (42.0) decreased to the greatest extent since May 2020. Ouch.The only positive footnote is that business activity expectations rebounded to five-month high. But that’s about…
The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Wednesday, with the USD/INR pair slumping almost 0.5% to near 89.80. The Indian currency has strengthened as the Reserve Bank of India (RBI) has intervened to counter one-way excessive moves in favor of USD/INR, according to Reuters.This is the RBI’s first intervention of 2026. In December 2025, the RBI intervened multiple times after USD/INR hit an all-time high of 91.55.However, the pair is expected to remain under pressure as renewed trade frictions between the United States (US) and India, and the consistent Foreign Institutional Investors (FIIs) selling in…
The EMA Zone Buy Sell Signals indicator works by creating colored zones around exponential moving averages on a trader’s chart. When the price moves into specific zones and meets certain conditions, the indicator generates visual signals—usually arrows or alerts—that tell traders when to consider buying or selling. The beauty of this tool is its simplicity. Instead of staring at multiple indicators and trying to piece together what they mean, traders get clear signals that cut through the noise. The indicator uses EMAs because they respond faster to recent price changes than regular moving averages, which helps traders catch trends earlier…
Australia’s November CPI fell to 3.4%, missing the 3.8% forecast. But sticky core inflation keeps RBA hawks alive. AUD/JPY’s breakout above 105.25 warrants a further look. Source link
USD/CAD is seeing a strong start to the year after losing a lot of ground in late December! How high can USD/CAD fly before it catches the attention of enough U.S. dollar bears? We’re taking a closer look at a potential resistance zone that might rain on the bulls’ parade this week. USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar wrapped up Tuesday higher as traders largely brushed aside weak U.S. leading indicators and leaned into the idea that the U.S. economy is still holding up better than most of its peers. The Canadian…
The Reserve Bank of India have stepped into the FX market with intervention so support the rupee. Yesterday I reported on four consecutive days of INR weakness, the RBI acting to avoid a fifth today. The rupee’s recent slide has been driven mainly by early-year importer hedging demand, compounded by a lack of strong foreign equity inflows. Market participants say these persistent structural flows have outweighed sporadic central-bank support, leaving the currency exposed to further downside pressure.Sentiment has also been dented by a deterioration in the US–India trade backdrop. Over the weekend, Donald Trump warned that Washington could consider higher…
The Japanese Yen (JPY) remains on the back foot against its American counterpart through the Asian session on Wednesday, though any meaningful depreciating move seems elusive. Against the backdrop of Japan’s fiscal concerns, the prevalent risk-on environment, and the uncertainty about the likely timing of the next interest rate hike by the Bank of Japan (BoJ) turn out to be key factors undermining the JPY.The BoJ, however, is still expected to stick to its policy normalization path, which marks a significant divergence in comparison to rising bets for more interest rate cuts by the US Federal Reserve (Fed). The latter…
The Pi Cycle Top Indicator is a technical analysis tool that traders use to identify possible market tops, particularly in cryptocurrency markets like Bitcoin. It got its name from the mathematical constant Pi (3.14), which plays a role in how the indicator calculates its signals. The indicator works on the MetaTrader 5 (MT5) platform, making it accessible for traders who already use this popular trading software. Unlike some complicated indicators that require a PhD to understand, this one keeps things pretty straightforward with just two moving averages doing the heavy lifting. How the Indicator Works The magic happens when two…
ETH/USD has pushed higher in recent sessions, and momentum has now reached extreme overbought territory on the Stochastic oscillator. This type of development can sometimes precede a cooling-off phase, especially after a persistent climb from recent lows. Traders watching for shifts in short-term sentiment may find this a notable juncture to reassess risk and potential scenarios. Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We use these alerts as the basis for a mini-lesson, breaking down what each alert means, why it matters, and how traders might interpret…