Author: FX
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
I don’t think I’ve ever seen something quite like the rout in oil prices in the market.Hormuz was the mother-of-all disruptions, an absolute dream for oil bulls. Yet here we are nearly four months later and crude is back where it began. Worse yet, many (most?) oil stocks are below pre-Hormuz levels.It’s the ultimate evil-genie. I also can’t begin to understand how it happened. There are SPR releases and China lowered imports by 4 million barrels per day but something else must be going on out there. There is either some kind of paper manipulation (which seems impossible) or some…
OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that Brent Oil has dropped sharply on optimism over the reopening of the Strait of Hormuz after a US–Iran deal, but warn markets may be underpricing security risks. They keep their end-2026 Brent forecast at USD80/bbl and expects a gradual drift toward a low USD60 range in 2027–28, with near-term supply disruption risks slowing further declines.Oil pressured but risk premium lingers”The reopening of the Strait of Hormuz following the US-Iran deal triggered a sharp drop in oil prices. Brent has fallen more than USD30/bbl since early May and now trades…
The Korean Won (KRW) trades higher on Friday after a knee-jerk reaction at the 1,550 level against the US Dollar (USD), triggering speculation about an intervention by the South Korean Ministry of Finance. The pair had been dropping steadily throughout the week amid high KRW outflows and the US Dollar’s strength.Comments from South Korea’s Finance Minister Koo Yun-cheol earlier this week, affirming that the current USD/KRW level, at mid-1,500, is excessive, considering the country’s fundamentals, have boosted rumours that Seoul might have set the 1,550 level as a line in the sand for intervention.A Reuters report has endorsed these views,…
The Vumanchu Swing Free Indicator MT4 was designed to help traders identify swing momentum with clearer entry zones and trend direction. Instead of reacting to random candle movement, traders can use this indicator to spot possible reversals, continuation setups, and market strength on different currency pairs. Here’s how the indicator works in real trading conditions and where it fits into a forex trading plan. What Is the Vumanchu Swing Free Indicator MT4? The Vumanchu Swing Free Indicator MT4 is a custom momentum and trend-following tool built for MetaTrader 4. Traders mainly use it to identify swing trading opportunities by combining…
There are a couple of big expiries to take note of on the day, as highlighted in bold below.The first ones are for EUR/USD and they are layered between 1.1350 through to 1.1410, with also some other larger ones extending beyond that range. The expiries don’t tie much to any technical significance but could offer a bit of attraction in keeping price action more sticky in the session ahead.That being said, there’s the 100-hour moving average at 1.1386 currently. And that may offer some near-term limitations to the upside for the currency pair, with the expiries above acting as an…
The GBP/USD pair trades with mild gains near 1.3200 during the early European session on Friday. The British Pound (GBP) strengthens against the US Dollar (USD) as markets focus on who might become finance minister under Andy Burnham, and the latest US inflation data has softened expectations for US rate hikes. UK Finance Minister Rachel Reeves is expected to be replaced under a Burnham-led administration. Traders focus on who might become finance minister under Andy Burnham, the likely successor to Keir Starmer as Prime Minister. “The obstacles to a Burnham coronation are slowly being cleared, offering sterling support at the margin,”…
If you tried to follow tech headlines this week and came away confused, then you were paying attention. Trillion-dollar companies moved by hundreds of billions of dollars in a matter of days. But once you see the underlying pattern, the chaos resolves into one clean story: the AI trade split in half, and the two halves went in opposite directions. On one side are the companies writing massive checks. On the other are the ones cashing them. Here is how the week unfolded: The $700 Billion Ground Floor To understand the nerves behind the four-day Nasdaq selloff, you really only…
OpenAI leans toward waiting until next year for IPO, NYT reports Source link
AUD/CAD bounced off its range resistance earlier this week and is now setting its sights back on the floor. Will support still hold this time? Source link