Author: FX

GBP/CHF pushed beyond its upper Bollinger Band near key resistance, raising the question: bearish reversal setup or bullish trend expansion? Source link

Elon Musk is set to become the first trillionaire with the launch of the SpaceX IPO. That’s a jaw-dropping amount of money and proves that the Elon hype-train is one of the all-time greatest business moves.I don’t want to get into valuation but it’s ridiculous but, hey, if someone will pay then it works. The company is selling just 5% of the equity in the IPO but the valuation is $1.75 trillion.The fear was that investors wouldn’t line up to buy it and there’s evidence that’s the case, or at least it was the case. The IPO was being pushed…

China’s central bank, one of the major Gold purchasers worldwide, continued to add the precious metal to its vaults in April, in a sign that demand from sovereigns remains high.The People’s Bank of China (PBoC) bought 8 tonnes of Gold in April, the highest amount since December 2024, posting its 18th consecutive month of purchases, according to the most recent data published by the World Gold Council (WGC).China’s central bank now holds 2,322 Gold tonnes, which represents around 9% of its total reserves, the data showed.In April, the PBoC was the third Gold buyer among central banks, only surpassed by…

Dollar eases on fragile Israel-Iran truce; US inflation data in view Source link

Here are the pre-market levels:S&P 500 +40 or +0.5%Nasdaq +258 pointsRussell 2000 +26 pointsThe market is optimistic about a wrap-up in the Hormuz mess after Trump said a deal could come in the next couple days. That was underscored by a report in the past hour that Saudi Arabia was passing around a deal text that the US will review. That headline briefly added to the gains in stocks and the euro but those moves were marginal. The report says the draft was preliminarily accepted by the US side.The other story driving markets is the volatility in the bull market…

The biggest IPO in history isn’t just a stock story. It’s a macro story. A deep dive into why the SpaceX IPO matters even if you never buy a single share. Source link

National Bank Canada’s (NBC) Stéfane Marion and Kyle Dahms highlights that the Canadian Dollar (CAD) has been the weakest reserve currency recently, with USD/CAD back near 1.39. They link this to Canada’s deteriorating real growth, negative Canada–U.S. 2‑year spreads and falling Gold prices. They expect CAD to stay under pressure near term and now project USD/CAD at 1.35 by year-end, with a stronger trade accord needed for a sustained rally.CAD pressured by growth and bullion”The Canadian dollar has been the worst-performing reserve currency in recent weeks, with USD/CAD moving back to 1.39 — the level last seen at the end…

OpenAI files for US IPO after Anthropic as AI giants head to public markets Source link

The cryptocurrencies space has been quite interesting in the past month, or should I say even for this year so far. While most other risky assets have risen and stayed more resilient, it has been anything but that for cryptocurrencies.Typically, you’d associate moves in crypto together with stocks. The direction tends to correlate especially when both markets are running in tandem based on investor preference towards risk. But with US stocks holding at the highs, we’re seeing cryptocurrencies slump hard in the past one month. So, what gives?If you recall last year, I dabbled into the discussion of collectibles and…

The MACD Arrow Indicator MT4 is a modified version of the classic Moving Average Convergence Divergence (MACD) oscillator. Instead of showing the traditional MACD histogram and signal lines in a separate window, this version converts key MACD events into buy and sell arrows plotted directly on the price chart. When bullish momentum builds, a green or upward arrow appears below the candle. When bearish pressure increases, a downward arrow is plotted above the candle. The indicator is built on the same core formula used in the standard MACD: The difference between a fast Exponential Moving Average (EMA) and a slow…