Author: FX
China’s factory activity slipped back into contraction in November as momentum in production and domestic demand weakened, according to a private-sector survey released on Monday.The RatingDog China General Manufacturing PMI, compiled by S&P Global, eased to 49.9 from 50.6 in October, missing forecasts and falling just below the 50 threshold that separates expansion from contraction. The downturn aligns with official PMI data released Sunday, which showed the sector shrinking for an eighth straight month.Production stalled in November as new orders softened, extending a sluggish domestic demand trend that has weighed on industrial profits. While firms reported brighter overseas demand, with…
Another VSA Indi focuses on the Volume Spread Analysis (VSA) method, which examines the relationship between price movements and trading volume. By analyzing bar spreads, volume spikes, and closing prices, the indicator identifies whether the market is controlled by buyers or sellers. Traders can quickly see signs of accumulation or distribution, helping them make informed trading decisions. Unlike standard indicators, it highlights key market shifts rather than simply following price trends, giving traders a proactive approach to trading. Key Features and Benefits This MT4 indicator is designed to be easy to read and understand. It clearly marks potential buying and…
US President Donald Trump confirmed that he recently spoke by telephone with Venezuelan President Nicolas Maduro, but declined to reveal details, Reuters reported on Sunday.Key quotesConsiders Venezuela not to be a friendly country.Don’t read anything into me closing Venezuela airspace.Doesn’t mean airstrike imminent.Market reactionAt the time of press, the WTI price is up 0.71% on the day at $59.45. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because…
UK’s Starmer outlines growth mission after budget tax rises Source link
Two focal points today, Bank of Japan Governor Ueda speaking and another PMI from China. The December (18-19) Bank of Japan meeting is very much ‘live’, a rate hike potential is there:Bank of Japan Governor Ueda is speaking today in Japan. Its billed as speaking with business leaders. There will be Q&A following. Stay tuned!-Also, we get a PMI from China. The private survey manufacturing PMI from Rating Dog. Definitely the best named PMI out there! The RatingDog China General Manufacturing PMI, compiled by S&P Global Over the weekend we had the official PMIs from China. Disappointing:- I’ve posted on…
UnitedHealth agrees to sell South American business to private equity firm Patria for $1 billion, sources say Source link
Israel's Netanyahu seeks pardon in years-long corruption trial Source link
Tropical storm deaths cross 500 in Southeast Asia, over 4 million affected Source link
The High Low Lines MT4 Indicator is a simple yet powerful tool that automatically plots the highest and lowest prices for a chosen timeframe. These lines act as visual cues for support and resistance, helping traders see where the market has reacted in the past. Instead of manually drawing lines—which can be time-consuming and inaccurate—this indicator does it automatically, updating as new price data appears. It works on all timeframes, making it useful for scalpers, day traders, swing traders, and even long-term investors who want to see clear market boundaries. Why High and Low Lines Matter in Trading Highs and…
US judge authorizes sale of Citgo parent’s shares to Elliott affiliate Source link