Author: FX
Bread Financial (BFH) announced the pricing of its underwritten public offering of depositary shares, each representing a 1/40th interest in a share of its Series A non-cumulative perpetual preferred stock, with a liquidation preference of $25 per depositary share. The Source link
The Four Legs MT4 Indicator is designed to spot changes in market direction using price action patterns and trend confirmation. It tracks key market swings, often referred to as legs to highlight phases of buying and selling pressure. Each leg represents a movement that shows where the market is gaining or losing momentum. This helps traders visualize the rhythm of the market, making it easier to anticipate reversals before they happen. How It Helps in Real Trading Unlike basic moving averages or oscillators, the Four Legs Indicator focuses on the natural flow of the market. Analyzing the four major legs…
Prior +0.5%; revised to +0.7%Retail sales +0.2% vs +1.5% y/y expectedPrior +1.5%; revised to +1.0%Retail sales ex autos, fuel -1.0% vs -0.3% m/m expectedPrior +0.6%; revised to +0.7%Retail sales ex autos, fuel +1.2% vs +2.5% y/y expectedPrior +2.3%; revised to +1.7% This article was written by Giuseppe Dellamotta at investinglive.com. Source link
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair gains ground following the preliminary reading of Australia’s S&P Global Purchasing Managers Index (PMI).S&P Global Manufacturing PMI came in at 51.6 in November versus 49.7 prior. Meanwhile, Services PMI rose to 52.7 in November from the previous reading of 52.5, while the Composite PMI increased to 52.6 in November versus 52.1 prior.The AUD finds support as expectations grow for a cautious stance from the Reserve Bank of Australia (RBA). Minutes from the RBA’s November meeting indicated the central bank may…
Finance minister says Thai economy is stable, sees Q4 growth picking up Source link
WTI crude oil has been cruising lower inside a short-term channel, and it looks like the energy commodity could be aiming much lower from here. Or can it still pull off a longer-term reversal? Check out these major inflection points! WTI Crude Oil (USOIL) 4-hour Chart by TradingView The energy commodity has been in selloff mode for roughly four months already, forming lower highs connected by a descending trend line visible on the 4-hour time frame. Price is still hovering close to this resistance zone, but a short-term falling channel has also been keeping gains in check. Can price break…
Is the trend still our friend on NZD/JPY? The pair is hitting a ceiling at its channel top but could still find buyers at the nearby correction levels. Take a look at these inflection points on the 4-hour time frame! NZD/JPY 4-hour Forex Chart by TradingView Expectations of stimulus from Japan have been dragging the yen lower for the most part of November while improving risk sentiment has propped the Kiwi up. However, NZD/JPY hit a roadblock at the top of its ascending channel as risk assets suffered a sharp reversal on persistent AI valuation concerns. Can the pair still…
The Close Low MT4 Indicator is a technical tool designed to track and display the lowest closing price of a selected period on a chart. It gives traders a visual representation of where the market has recently found support or where the price might bounce. By automatically calculating and marking these levels, traders can easily recognize patterns and make more informed trading decisions without manual analysis. How It Helps in Market Analysis This indicator proves useful for both day traders and swing traders who rely on support-based strategies. By identifying close low levels, traders can confirm potential entry zones, detect…
Japan preliminary manufacturing PMI for November 48.8, contracted for a fifth monthprior 48.2Some of sub-indexes:factory output showed improvement, climbing to a four-month high, suggesting that the business environment for manufacturers is edging towards stabilisationnew orders continued to decline, though at a slower rate than in October, reflecting subdued domestic and global demandoverseas demand remained particularly weak, with new export orders falling at the fastest pace in three months. Services 53.1prior 53.1new businesses in the service sector grew at a faster pace, driven by solid domestic demandComposite 52.0, eighth straight month of expansionprior 51.5The report from S&P Global Market Intelligence highlights:”inflation…
The GBP/JPY extended its rally for the fourth straight day, yet it trades below the 206.00 figure after refreshing yearly highs at 206.86 on Thursday. At the time of writing, the cross-pair trades at 205.85 up 0.49%.GBP/JPY Price Forecast: Technical outlookThe technical picture remains upward biased, but the GBP/JPY faced 207.00 but failed to clear the latter, retreating more than 100 pips toward the current exchange rate. Despite this, the mood remains positive as depicted by the Relative Strength Index (RSI) closing in overbought territory, an indication that buyers are in charge.As of writing, GBP/JPY first key resistance would be…