Author: FX

Asian equities advance on Monday as technology shares extended gains amid continued enthusiasm for the artificial intelligence-driven rally. However, traders may adopt caution due to highly fluid developments surrounding United States (US)-Iran peace negotiations.During the Asian hours, Japan’s Nikkei 225 and South Korea’s KOSPI hit fresh record highs of 67,231 and 8,874, respectively. Hong Kong’s Hang Seng is up by 1.04%, trading around 25,450. However, China’s SSE Composite Index falls 0.12% to near 4,060 at the time of writing.Traders continue to monitor developments in the Middle East as oil prices advance and the US dollar strengthens amid stalled progress toward…

USD/CAD is testing a key resistance zone as jobs data, oil headlines, and Fed expectations line up for a volatile week. Source link

When equities hit records and crypto goes the other way, the dollar is usually the story. Here’s what’s actually happening and why it matters for traders trying to read risk sentiment. What Actually Happened? The S&P 500 briefly cleared 7,540 to test all-time highs on Tuesday last week. Bitcoin, at roughly the same moment, spiked toward $78,020 around the New York open… then reversed hard, sliding below $76,380 by the afternoon and failing to reclaim that level into the close. Same day. Opposite directions. Bitcoin tumbled during moments when everything should have been pointing toward surging risk appetite. US consumer…

Gold staged a sharp recovery from its recent lows, but the upswing may be running into a wall. Is the rebound running on borrowed time? Source link

The VSA Relative Volume Indicator MT5 is a technical analysis tool built on the principles of Volume Spread Analysis (VSA). VSA studies the relationship between price movement, volume, and candle spread to determine whether professional money is entering or leaving the market. Instead of showing raw tick volume, this indicator measures relative volume. In simple terms, it compares the current candle’s volume to the average volume over a selected number of past bars. If the current volume is significantly higher than normal, the indicator highlights it. This signals increased market participation, which often appears during: Breakouts Trend accelerations Reversals driven…

Japan’s S&P Global Manufacturing PMI eased to 54.5 in May from April’s 51-month high of 55.1, with input costs and selling prices rising at rates rarely seen in over 24 years of data. Summary: Source: S&P GlobalThe headline Japan Manufacturing PMI fell to 54.5 in May from April’s 51-month high of 55.1, marking a fifth consecutive month of improvement in sector healthOutput and new orders both rose at historically strong rates, though the pace of expansion eased from April; new export orders grew at the fastest pace in five yearsStock building by manufacturers and clients, driven by Middle East war…

The AUD/USD pair holds steady around 0.7185 during the early Asian trading hours on Monday. Traders continue to assess the developments surrounding the US-Iran peace negotiations. Also, China’s RatingDog Manufacturing Purchasing Managers Index (PMI) report for May will be released later on Monday. Iranian Foreign Minister Abbas Araghchi said on Sunday that talks and message exchanges with the US were ongoing, but highlighted that no assessment of negotiations could be made until a clear outcome was reached. “Talks and message exchanges are ongoing, and until a definite result is reached, it is not possible to judge,” said Araghchi. “Everything being said…

If you trade BTC/USD, bitcoin CFDs, bitcoin futures, or bitcoin ETFs, here’s a deeper dive into what moved bitcoin this week and what to watch going into next week. Not a great week for bitcoin. BTC closed lower, ETF investors kept pulling money, macro data removed any near-term rate-cut optimism, and the chart slipped below every major daily moving average. The result is a market that has not broken down completely, but also has not given bulls a clean reason to step back in. Source link

Pentagon chief sounds ’alarm’ over China’s buildup, urges allies to boost defence spend Source link

Berkshire Hathaway to acquire Taylor Morrison in $8.5B deal Source link