Author: FX
Precious metals are seeing a good start to the new week with the mood music helped by the US and Iran agreeing to a memorandum of understanding (MOU) deal. The final details are yet to be confirmed but they are likely to reflect the speculated terms from last week here.That is seeing risk trades perk up to start the new week, with US futures also helped by the more positive showing from SpaceX’s debut on Friday.But as oil prices drop back amid hopes of the Strait of Hormuz reopening, that is seeing gold price climb higher on hopes that the…
USD/CHF depreciates nearly 0.5%, trading around 0.7930 during the European hours on Monday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, signaling an ongoing bullish bias.The USD/CHF pair holds a mildly constructive tone as it trades above the 50-day Exponential Moving Average (EMA), yet it remains capped by the nine-day EMA, underscoring a near-term consolidation bias rather than a clear trend. The 14-day Relative Strength Index (RSI) around 54 suggests modest positive momentum, hinting that dips may attract buying interest while the short-term EMA still acts as immediate overhead supply.The USD/CHF…
The MT4 Scalping Indicator Non Repaint is a technical tool designed for short-term traders who operate on lower timeframes like M1, M5, and M15. Its main purpose is to identify quick entry and exit points without altering past signals. Unlike repainting indicators, this tool locks its signals once a candle closes. That means if a buy arrow appears on a closed candle, it stays there—no disappearing or shifting later. Most versions combine multiple components: Moving averages for trend direction Momentum filters like RSI or stochastic Price action triggers (breakouts or pullbacks) For example, when testing on GBP/USD M5, traders often…
At this point, it feels like the US and Iran just want to put an end to the conflict. And after three-and-a-half months, it seems that both sides have had enough. That is good news for markets, to a certain extent at least.Couple that with what arguably was a very successful debut for SpaceX on Friday, the market mood to start the new week is looking good.There was much nervousness and anxiety on how SpaceX shares would’ve fared at the end of last week. The stock was indicated early to open at $175 before officially starting trade at $150. But…
Will Australia’s central bank hit the brakes when it comes to tightening? Or will they simply pause and keep the door open for more hikes? Here’s what traders need to know ahead of the decision. Source link
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.Washington and Tehran said on Sunday that they have reached an agreement that will take effect on Friday. US President Donald Trump stated that the US is lifting its naval blockade on Iranian ports and that the Strait of Hormuz will reopen after the agreement is signed. Trump added that the agreement he reached with Iran would ultimately assure…
AUD/CAD just broke above a resistance, but a former ceiling ahead could test whether buyers have enough fuel for the next push. Source link
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. How does it do that? More here. more to comeps, Bloomberg report:”Chinese municipalities are intensifying property support measures by expanding housing subsidy programs and optimizing provident fund rules, moves aimed at lowering home-buying costs and stabilizing a sluggish real estate market..” This article was written by Eamonn Sheridan at investinglive.com. Source link
The Candle Volume Indicator MT4 is a technical tool that displays trading volume directly on candlesticks. Instead of showing volume in a separate histogram below the chart, it integrates volume data into each candle, often using color or size variations. In simple terms, it answers one question: How strong is this price move? Unlike standard volume bars, this indicator links volume to specific price action. For example, a bullish candle with high volume suggests strong buying pressure, while a bearish candle with low volume may indicate weak selling interest. In the forex market, volume is typically tick-based rather than actual…
US President Trump said that the agreement he reached with Iran would ultimately assure that the Strait of Hormuz is “permanently toll free,” the New York Times reported on Sunday. Trump added that despite the objections of Prime Minister Benjamin Netanyahu of Israel, he had saved Israel from nuclear obliteration.Trump insisted that if Iran failed to reach a final nuclear accord with the US, he would resume military strikes on Tehran or make the US “the guardian of the Middle East” in return for 20 percent of the region’s revenues.Market reactionAt the time of writing, the West Texas Intermediate (WTI)…