Author: FX
The Candle Time and Spread Indicator MT5 is a chart-based utility tool designed to display two critical pieces of information in real time: the remaining time of the current candle and the current spread of the traded instrument. It doesn’t predict direction or generate buy or sell arrows. Instead, it supports execution quality. On MT5, candle timing matters because entries taken seconds before a close often behave differently than those taken right after a new candle opens. Spread matters because it directly affects entry price, especially during news releases, session opens, or low-liquidity periods. Traders often pair this indicator with…
Geopolitics, a blowout jobs report, and a surprise Swiss PMI kept traders guessing all week. Here’s how each major currency held up. Source link
GBP/USD slips after blockbuster NFP revives Fed hold outlook betsThe GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205. Read More…GBP/USD trades slightly higher in thin holiday trade ahead of US NFPThe British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support. However, price action remains subdued amid thin liquidity conditions due to the Good Friday holiday, with trading…
The GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205.Strong payrolls and firmer yields keep Sterling on the back footThe US Bureau of Labour Statistics (BLS) revealed that the economy created over 178K jobs in March, crushing forecasts of 60K. Despite the positive reading, February’s print was further downwardly revised to -133K, but on a positive note, the Unemployment Rate also fell to…
USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data. Thin liquidity conditions due to the Good Friday holiday are also contributing to muted and choppy price action.At the time of writing, USD/JPY is trading around 159.57, easing modestly after a brief spike to 159.82 in reaction to the US labor data.According to data released by the US Bureau of Labor Statistics, the US economy added 178K jobs in March,…
The US S&P Global Services PMI in March reported that business activity in the sector is slowing sharply, falling to contractionary territory for the first time since January 2023, amid higher inflation and the war in the Middle East.The index fell from 51.7 in February to 49.8, according to S&P. They noted that, “Overall, it was the lowest index reading for over three years and consistent with a fractional contraction in activity.” Rising input prices due to the surge in energy costs are one of the reasons that are weighing on the services sector, as the report read, “the latest price…
The July 1 deadline for the USMCA six-year review is approaching and almost nobody in trade circles believes it will be met cleanly. A Scotiabank-hosted event in Mexico City this week with CSIS fellow Diego Marroquín Bitar laid out why, and the takeaway is straightforward: expect a drawn-out, painful process that extends well into 2027, with plenty of uncertainty along the way.That’s a bearish scenario for both CAD and MXN and helps to explain why the loonie has traded cautiously despite the big rally in oil prices.The base case — what Marroquín and CSIS co-author Bill Reinsch call a “painful…
AUD/USD reverses earlier gains on Friday as stronger-than-expected US Nonfarm Payrolls (NFP) data supports the US Dollar (USD), adding modest pressure on the Australian Dollar (AUD), while price action remains subdued amid thin liquidity due to the Good Friday holiday.At the time of writing, AUD/USD is trading around 0.6900, after touching an intraday high of 0.6916. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is consolidating gains above the 100 mark.According to data released by the US Bureau of Labor Statistics, the US economy added 178K jobs in March, comfortably…
The USD/CAD rises some 0.14% on Friday after an outstanding employment report in the US, which nearly tripled economists’ projections, according to the US Bureau of Labor Statistics (BLS). At the time of writing, the pair trades at 1.3936 on thin liquidity trading as most global markets remain shut due to Good Friday.Strong payrolls revive Fed hold bets as BoC tightening eyedNonfarm Payrolls in March rose by 178,000, exceeding forecasts of 60,000, up from February’s downwardly revised figures of -133,000. The Unemployment Rate fell two ticks to 4.3%, below the Federal Reserve’s 4.5% long-run target, which means the central bank’s…
EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively steady amid thin liquidity conditions due to the Good Friday holiday.At the time of writing, the pair trades around 1.1534, remaining on the back foot for the second straight day after rising to a one-week high of 1.1627 on Wednesday. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is hovering near the 100 mark.According to data released by the US Bureau…