Author: FX
During an address broadcast by Iranian state TV, President Masoud Pezeshkian apologised to the neighbouring countries for attacks launched following US-Israel strikes but asserted that Tehran will not strike “unless they attack first”.Key quotesI must apologise on my own behalf and on behalf of Iran to the neighbouring countries that were attacked by Iran.The interim leadership council agreed yesterday that no more attacks will be made on neighbouring countries and no missiles will be fired unless an attack on Iran originates from those countries.Tehran would “not surrender” to US President Donald Trump’s demands of “unconditional surrender”.The comments come after Iran launched attacks…
The MT5 Time Zone Indicator solves this by overlaying vertical lines or colored boxes directly on your chart, marking when major trading sessions begin and end. Traders can see at a glance whether they’re in the New York open, the London-Tokyo overlap, or the dead zone between sessions. What the MT5 Time Zone Indicator Actually Does This indicator adds visual markers to MetaTrader 5 charts that represent different global trading sessions. Unlike your broker’s server time, which might be GMT+2 or GMT+3, the time zone indicator converts everything to the actual session times that matter: Sydney, Tokyo, London, and New…
China gold reserves at the end of February 2026: 74.22 million troy ouncesIn January 2026: 74.19 million troy ouncesChina gold reserves value at the end of February 2026: $387.59 billionIn January 2026: $369.58 billionIs anyone really surprised? China has arguably the biggest buyer out there for a while now. And that also might be evident with the kind of price action we’ve seen with gold in the past week.The precious metal has been bid up in every Asian trading session all through the week, only to fall back afterwards later in the day. From yesterday: The bid for gold in…
The MT5 Arrow Indicator is a custom technical tool designed for the MetaTrader 5 platform that displays directional arrows on price charts. When conditions align for a potential bullish move, a green or blue arrow appears below the candle. For bearish setups, a red or orange arrow shows up above the candle. These aren’t random placements—the indicator uses predefined technical criteria to identify moments where price momentum might shift. Different versions of this indicator exist because it’s not a single, standardized tool. Some traders code their own variations using moving average crossovers, RSI divergence, or candlestick pattern recognition. Others download…
The focus shifted to the US jobs report released at 8:30 AM from the barrage of news from the Middle East. February U.S. employment report showed a noticeable slowdown in hiring, with nonfarm payrolls falling by about 92,000, well below expectations for modest job growth. The unemployment rate edged up to 4.4% from 4.3%, pointing to some softening in labor market conditions. Part of the weakness was linked to temporary factors, including health-care strike activity that removed roughly 31,000 workers from payrolls, along with weather-related disruptions that may have weighed on hiring during the month.Looking beneath the headline, several sectors…
ING economists Lynn Song and Min Joo Kang expect China’s February CPI inflation to pick up to 1.0% year-on-year, mainly due to Lunar New Year effects, while the impact of higher Oil prices should appear later. They also project solid growth in exports and imports over the first two months, resulting in a larger trade surplus.Lunar New Year to lift CPI”China will release its CPI inflation data for February next Monday. We are expecting CPI to rise to 1.0% year-on-year thanks to a boost from the Lunar New Year effect. The impact of higher oil prices from the Middle East…
Oil surged toward multi-year highs as the U.S.-Iran conflict paralyzed the Strait of Hormuz, making the Canadian dollar the week’s standout winner and the euro its biggest loser. Source link
The major US stock indices are closing lower with the broader indices down over 1.3% and the Dow 30, down -0.95%. Looking at the closing levels:Dow industrial average -453.19 points or -0.95% at 47501.55S&P index -90.69 points or -1.33% at 6740.02.NASDAQ index -361.31 points or -1.59% at 22387.68.Russell 2000 of small-cap stocks -60.27 points or – 2.33% at 2525.30.For the trading week: Dow industrial average fell -3.01%. S&P index fell -2.02%.NASDAQ index fell -1.24%Russell 2000 index fell -4.06%Here’s a summary of the some of the week’s biggest losers:The Carnage at a Glance It was a brutal week across the board,…
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has traded higher as Iran-related geopolitical tensions support the Dollar. Beijing has been setting a stronger CNY fix, which has helped stabilise the Renminbi and partially offset broader Asian FX softness. However, persistent USD strength and weaker risk sentiment could force even stronger fixes to counter near-term depreciation pressures, with upside levels highlighted.Geopolitics and fixing strategy guide pair”USD/CNH traded higher overnight as geopolitical conflict in Iran showed little signs of de-escalation. The fixing pattern this week saw a slight pick-up in setting a stronger RMB fix, with 30d rolling…
EURUSD: The EURUSD moved lower early in the US session but did fins support buyers near a swing area between 1.15422 and 1.15549. The low price bottomed off the level and bounced to the 100 hour MA where the price is settling into the weekend. That MA will be the barometer for buyers and sellers in the new week.GBPUSD: GBPUSD held support at an upward-sloping trendline on the hourly chart earlier today and then pushed higher, breaking above the 100-hour moving average and holding above it into the New York afternoon session. That move gives buyers something to build on…