Author: FX
Asian stock markets reflect strong demand on Friday, as traders reconsidering hawkish Federal Reserve (Fed) bets and lower oil prices due to easing geopolitical woes have lifted demand for risk-sensitive assets.At press time, Nikkei 225 is up 1% to near 69,500, Shanghai jumps 0.45% at around 4,050, Hang Seng climbs 1% to near 23,280, and KOSPI soars over 5.8% at around 8,090.According to the CME FedWatch tool, the odds of the Fed delivering at least one interest rate hike in the September policy meeting have diminished to 53.2% from almost 64% seen on WednesdayTraders reprice Fed interest rate expectations after…
June’s soft jobs report hit the dollar and cooled Fed hike bets, even as unemployment fell for the wrong reason. Source link
Spot gold prices are about to hit a key resistance zone! Will the precious metal extend a months-long downtrend in the next trading sessions? Source link
With the June NFP already released, will the ISM services PMI still move USD pairs? Here’s what to look out for. Source link
The Higher High Lower Low Indicator MT4 helps traders focus on market structure instead of reacting to every price swing. By identifying higher highs, higher lows, lower highs, and lower lows, it provides a clearer picture of trend direction and possible reversal points. That can reduce emotional trading and improve the quality of trade entries.Price structure has always been one of the strongest forms of technical analysis because it reflects the balance between buyers and sellers. This indicator makes those swing points easier to recognize without manually drawing them on the chart. The sections below explain how the indicator works,…
The announcement resolves two of the biggest overhangs on the pipeline file, the route and the Pathways financing structure, both of which had been unresolved as recently as this week, making this the most concrete step yet toward an actual construction timeline. Confirmation of the southern route via the existing Trans Mountain corridor, rather than a more contentious northern option through B.C., sidesteps the fiercest Indigenous and provincial opposition and improves the odds Ottawa formally designates the project in the national interest by its self-imposed deadline. With Pembina now attached as a private-sector partner, the announcement also addresses the “no…
United Overseas Bank’s (UOB) Quek Ser Leang reports USD/CNH is consolidating after a prior decline to 6.7865, with prices oscillating between 6.7911 and 6.8025 and closing at 6.7948. He expects intraday action to remain confined to 6.7860–6.7990. Over 1–3 weeks, recent Dollar strength is seen as having ended, with the pair likely to trade between 6.7750 and 6.8080, while medium-term recovery requires a break above the 21‑week EMA at 6.8430.Off highs and stuck in a band”24-HOUR VIEW: Two days ago, USD dropped to 6.7865 and then rebounded. When it was at 6.7920 yesterday, we highlighted that “the rebound from oversold…
bagi1998/iStock via Getty ImagesNexa Resources (NEXA) up 1.4% post-market Thursday after confirming it is aware of ongoing negotiations between Boliden (BDNNY) and Votorantim S.A. regarding the latter’s interest in the company and expects to be in discussions with Boliden regarding Source link
A bearish MACD crossover on USD/CHF hints at fading upside momentum after recent highs. Is a deeper pullback next? Source link
A sharply weaker U.S. June jobs report sent the dollar to the bottom of the majors, lifted gold near 2%, and cooled the rate-hike pricing built up under Fed Chair Warsh. Source link