Author: FX
The pound found firmer ground against the Aussie this week! Can bulls push this pair back to the top of its channel ahead of the BOE event? Source link
The Swingarm ATR Trend Indicator MT4 was designed to help reduce that problem by combining trend direction with market volatility. Instead of reacting to every price fluctuation, it highlights meaningful trend changes while filtering out much of the normal market noise.The challenge becomes even bigger during active trading sessions like London or New York, where volatility rises quickly. Traders who rely only on moving averages or simple crossover signals often find themselves caught in fake breakouts. This indicator attempts to solve that issue by adapting its trend calculation to changing volatility through the Average True Range (ATR). As a result,…
The day is starting decidedly quieter in South Korea today with the Kospi up 1.3%. It comes after a 10.8% decline yesterday.For now this looks like a dead-cat bounce.Eyes are on SK Hynix after reporting earnings that didn’t look great on the surface.For the bigger picture,SK Hynix says in the call that in the call that major customers continue to request more memory and that tight memory supply will continue for a considerable period of time. Does that mean it’s time to buy Micron at 5.5x forward earnings? Source link
The Yen trades a fraction under 164.00 on Tuesday, marginally weaker on the day, inside a 30-pip band with a floor above 163.50 and a high a few ticks beneath the standing cycle extreme. That extreme is the currency’s weakest level against the Dollar in four decades, and the pair has now spent three sessions grinding at it without a meaningful pullback.What makes that stillness remarkable is the backdrop it declined to notice. Tuesday delivered the largest single-session equity shock in Asia this year, and the currency that is supposed to be bought when Asia breaks did not move.A haven…
EUR/USD shows early stabilization as momentum turns higher from oversold territory. Will bulls deliver the needed follow-through? Source link
USDCAD cannot extend below the 200 hour MA. Bouncing modestly into the close !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The loudest silver story in July was a shooting war, but the more durable threat was a peaceful election in Peru, a country that digs up close to one silver ounce in six.Silver trades near $59.43 an ounce as I write this, with the gold-silver ratio around 69. That ratio is simply the number of silver ounces it takes to buy one ounce of gold, and it sits near the high end of its historical range, a level long-term buyers read as silver being inexpensive against the larger metal. Silver is up more than 50% from where it stood a…
USDCHF stretches toward resistance but stalls and moves lower. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Australian Dollar (AUD) is balancing stickier-than-expected domestic inflation against broader global market volatility. While upcoming second-quarter inflation data could reignite debate around near-term Reserve Bank of Australia (RBA) rate hikes, a recent pullback in global tech and AI-related stocks has sapped risk appetite, sending the high-beta currency lower. Furthermore, cautious rhetoric from RBA Governor Michele Bullock has tempered expectations for an immediate policy move, leaving markets focused on a potential hike later in the year.AUD/USD daily chart. Source: FXStreet.Hotter CPI forecast keeps RBA rate hike debate aliveAccording to strategists at TD Securities, domestic inflation remains elevated. The bank projects…
Oxford Lane Capital declares $0.20 dividend Source link