Author: FX
On possible release of more emergency oil reserves, “we are not there yet”However, it is definitely under considerationWe should prepare ourselves for volatile markets for some timeIf Strait of Hormuz is not reopened, we must prepare for significantly higher energy pricesWe estimate it will take approximately two years for overall oil production to reach pre-war levels againThe push for use of electric vehicles will increase faster than previously anticipatedIt looks like Japan will have to act in an isolated manner to push for their next round of emergency oil reserves release. With prices looking much calmer in the past week…
From its all‑time high on October 29, 2025 at $212.19, Nvidia (NVDA) began a pullback to correct the cycle that started from the April 2025 low. The decline reached $164.27, where the stock completed the correction and turned higher with improving momentum. The advance from the March 30, 2026 low is developing as a five‑wave impulsive structure, and this supports the view that NVDA is preparing for a new record high. Wave 1 ended at $177.37. Wave 2 then pulled back and finished at $170.23, as shown on the 30‑minute chart.The stock has since progressed into wave 3, which subdivides…
The SEC eliminated the $25,000 Pattern Day Trader rule and replaced it with intraday margin standards. Learn what changed, who benefits, and what risks remain for retail traders. Source link
USD/CAD just broke through a key support zone! How much further can it fall before buyers step in for a more sustained bounce? Source link
OpenAI (OPENAI) has agreed to pay chip designer Cerebras (CBRS) more than $20B to use servers powered by the firm’s chips over the next three years, The Information reported. As part of the agreement, OpenAI will receive warrants for a minority portion of Cerebras’ shares, and Source link
AUD/CAD recently busted through the ceiling around the .9750 minor psychological mark but seems to be stalling on its rally. Can a pullback gather more bullish energy? Source link
With oil above $100 and tax cuts in place, Canada’s CPI tests inflation spread. Will it shift BOC policy and CAD direction? Source link
The Double Top Bottom Indicator MT5 is an automated pattern recognition tool designed to detect and signal two of the most reliable reversal formations in price action trading. A double top forms when price creates two peaks at roughly the same level with a moderate dip between them, suggesting buyers are losing strength. The double bottom works in reverse—two troughs at similar prices indicate sellers are exhausted. What separates this indicator from basic drawing tools is its real-time detection capability. It scans price action continuously, comparing swing highs and lows against predefined tolerance levels. When the pattern criteria are met,…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
Thursday’s session saw the S&P 500 close at a fresh record high as Trump announced an Israel-Lebanon ceasefire while TSMC’s blockbuster earnings fueled broad AI sector optimism. Source link