Author: FX

The Elliott Wave Indicator for MetaTrader 5 automatically identifies and labels wave patterns on price charts based on Ralph Nelson Elliott’s wave principle. Instead of manually counting impulse waves (1-2-3-4-5) and corrective waves (A-B-C), the indicator plots these structures in real-time as the price develops. It marks wave positions directly on the chart with numerical labels or letters, depending on whether the pattern is impulsive or corrective. Here’s the thing: Not all Elliott Wave indicators work the same way. Some use zigzag calculations to identify swing highs and lows, then apply Elliott’s rules to label the structure. Others incorporate Fibonacci…

The NZD/USD pair holds positive ground near 0.6050 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). Increased US policy volatility continues to drag the Greenback lower against the New Zealand Dollar (NZD). Traders will take more cues from China’s January RatingDog Services  Purchasing Managers Index (PMI) report, which is due later on Wednesday. Data released by Statistics New Zealand showed on Wednesday that New Zealand’s Unemployment Rate rose to 5.4% in the fourth quarter (Q4) of 2025, up from 5.3% in Q3. The figure came in above the market consensus of 5.3% and reached levels last…

Markets digested a surprise rate hike from Australia’s central bank while technology stocks tumbled sharply on fears that AI automation tools could disrupt traditional software business models. Geopolitical tensions in the Middle East lifted oil prices even as equity markets rotated from growth to value. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: New Zealand Building Permits for December 2025: -4.6% m/m (1.0% m/m forecast; 2.8% m/m previous) Japan Monetary Base for January 31, 2026: -9.5% y/y (-10.0% y/y forecast; -9.8% y/y previous) Australia Building Permits…

Global stock index flat with oil rallying on Iran worries as gold, silver rise Source link

Non-farm payrolls and JOLTS were delayed this week but they will soon be rescheduled. The House ended the US government shutdown and surely the Senate will now follow. The vote was 217-214.I don’t think this will lead to much relief in the market as the deal was flagged on the weekend. Trump on Friday also indicated that negotiations were happening and that no one wanted a shutdown.If you read in between the lines on that, it says voters were blaming the Republicans the last time around moreso than the Democrats; though the real loser in all this is always faith…

Standard Chartered’s report indicates that China’s Producer Price Index (PPI) deflation likely eased to 1.5% year-on-year in January, driven by month-on-month increases in metal and energy prices. The report also notes that CPI inflation may have moderated due to base effects, while core CPI likely rose due to gold prices and seasonal factors. The official manufacturing PMI showed a slight decline, suggesting a cautious outlook amid geopolitical risks.PPI and CPI trends in focus”PPI deflation may have eased to 1.5% y/y in January on m/m increases in metal and energy prices.””CPI inflation likely edged down 0.2ppt to 0.6% y/y in January…

Richmond Fed President Barkin is usually a good barometer on where the core of the FOMC stands.Rate cuts so far have helped insure health of job market while Fed completes “last mile” of returning inflation to target.Economy remains “remarkably resilient.”Given growth, low unemployment rate, hard to imagine either businesses or consumers moving to the sidelines.Rise in productivity suggests firms can bear higher input costs without pressure to raise prices.Firms say demand is fine and are not doing layoffs “at scale.””Significant stimulus” arriving in the form of deregulation, tax and withholding changes.Inflation remains above target, expect more progress.Both job growth and…

The USD/JPY extends its winning streak for the third trading day on Tuesday, trades 0.24% higher to near 156.00 during the European trading session. The pair strengthens on continued US Dollar’s (USD) outperformance, following Kevin Warsh’s nomination for Federal Reserve’s (Fed) new Chairman and the upbeat United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for January.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades close to its weekly high of 97.73.On Friday, US President Donald Trump nominated Kevin Warsh for the succession of Fed’s highest post. The…

Russia pounds Ukrainian energy facilities before peace talks Source link

The Fair Value Gap Indicator automates the detection of these price imbalances on MetaTrader 5, highlighting zones where institutional order flow created inefficiencies. Instead of manually scanning charts for three-candle patterns, traders get visual alerts showing potential reversal or continuation zones. Let’s break down how this tool actually works and whether it deserves a spot in your trading arsenal. What Fair Value Gaps Actually Represent Fair value gaps (FVGs) occur when price moves so aggressively that it skips over certain price levels, creating an imbalance. In technical terms, this happens when the high of candle one doesn’t overlap with the…