Author: FX

The Swiss National Bank (SNB) is up today! Word around is that Switzerland’s central bank could keep its policies steady for another month. If the event sparks increased volatility among Swiss franc pairs, then you’ll want to take a closer look at CAD/CHF’s countertrend opportunity: CAD/CHF 4-hour Forex Chart by TradingView The oil-related Canadian dollar is holding its ground against the Swiss franc, thanks to a combo of increased risk appetite, higher crude oil prices, and U.S. dollar strength that limited the Swiss franc’s demand. Will this week’s SNB policy decision restart CHF’s upswings? Or will it further weigh on…

There are a couple to take note of on the day, as highlighted in bold below.They are all for EUR/USD layered in between 1.1700 through to 1.1800, with the larger ones clustered near 1.1745-50 and the 1.1800 level. There has been a bit of a push and pull mood in the dollar and major currencies this week, with traders lacking any real conviction in general. Watchful eyes will be on US data later in the day but before we get to that, the expiries above should keep EUR/USD price action more rangebound before rolling off. That especially as the pair…

The True Range Envelopes MT4 Indicator is a custom tool designed to measure volatility and plot envelopes around price action. Unlike fixed bands, these envelopes adjust based on the average true range (ATR), which means they expand during high volatility and contract when the market is calm. This makes it more reliable for traders who want to adapt to changing market conditions instead of using static levels. Why Traders Use It One of the main reasons traders use the True Range Envelopes is to identify potential reversal zones. When the price touches or moves outside the envelopes, it often signals…

EUR/GBP made it all the way to the top of its range visible on the 4-hour time frame, and it looks like the pair is deciding between going for a bounce or a break. Which way will it go from here? EUR/GBP 4-hour Forex Chart by TradingView With ECB policymakers suggesting that the central bank is near the end of its easing cycle, the shared currency has managed to stage a steady climb for the most part of September. On the flip side, a more dovish Bank of England MPC vote in last week’s meeting has kept the U.K. currency…

With few top-tier reports to digest, markets continued to price in Powell’s less dovish remarks. The dollar staged its strongest rally in three weeks, while gold retreated sharply from record highs, reflecting traders’ reassessment of the Fed’s easing trajectory amid persistent inflation concerns. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Finance Minister Willis appoints Swedish Riksbank’s Anna Breman as RBNZ Gov. starting December 1 Copper prices jumped by more than 3% after mining company Freeport-McMoRan declared force majeure at its Grasberg mine in Indonesia Japan S&P Global Manufacturing PMI…

Now that the Fed cut interest rates and kept the door open for more easing this year, will the upcoming core PCE price index reinforce their dovish bias? Expectations are pointing to a sustained pace of increase in price pressures for August, likely keeping tariffs inflation concerns in play. Here are the points you need to know when trading this release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source…

Trump to meet Pakistan PM Shehbaz Sharif on Thursday, US official says Source link

The Figurelli RSI is an advanced version of the classic Relative Strength Index. While the standard RSI often reacts too quickly to short-term market movements, this indicator reduces false signals by applying a smoother calculation. This makes it easier for traders to spot true overbought and oversold levels without second-guessing. By using it, they can filter out noise and focus only on strong trading opportunities. Why Traders Prefer It Over Standard RSI Most traders know the frustration of taking trades based on RSI only to see the market reverse immediately. The Figurelli RSI solves this by delivering more stable signals.…

The White House budget office has directed federal agencies to prepare reduction-in-force plans that could trigger mass layoffs in the event of a government shutdown, according to a memo obtained by Politico.The guidance from the Office of Management and Budget would target employees working on programs not legally required to continue during a lapse in funding. Unlike standard furloughs, the plans outlined would allow for permanent workforce cuts, significantly raising the stakes ahead of a potential shutdown next week.The move reflects the administration’s effort to reshape the federal workforce and could intensify political clashes over budget negotiations, as lawmakers scramble…

Profit taking is the name of the game in global markets today as some of the biggest winners retreat. It’s a similar story in tech stocks, USD shorts and some other high-flying assets.Perhaps the highest flyer of all this year has been gold, which is up nearly 50%. It’s a bit less today with a $42 decline to $3721/oz. In the last month, we’ve seen incredible dip buying in the rally as any decline in the $50-60 range (and often much smaller) was bought aggressively.That will be put to the test again this week. I suspect the break of $3750…