Author: FX
WTI crude oil has formed lower highs and found support at the $62 per barrel mark, creating a descending triangle on the 4-hour time frame. Can it go for a breakout next? WTI Crude Oil (USOIL) 4-hour Chart by TradingView This energy commodity, which had previously drawn support from rising geopolitical tensions earlier in the week, retreated from its triangle top after the FOMC decision. As it turned out, Fed head Powell didn’t seem too bothered by labor market risks or stronger calls for more aggressive easing. In fact, policymakers even upgraded some of their growth and inflation forecasts, suggesting…
After making fresh 2025 lows, USD/CHF looks set to retest previous areas of interest. Will the pair encounter bearish pressure around these levels? We’re taking a closer look at the 4-hour time frame: USD/CHF 4-hour Forex Chart by TradingView In case you missed it, the Fed just pulled the trigger on its first rate cut of 2025. However, Chairman Powell’s press conference kept traders on their toes, while a wide split in the dot plot and a hint that future moves will be decided one meeting at a time. Meanwhile, the Swiss franc came out a winner, riding dollar weakness…
The spotlight was on the FOMC decision for the most part of the day, contributing to market caution in early trading sessions before volatility spiked later on. The Bank of Canada also announced its decision to cut interest rates by 0.25% as expected but triggered only a muted reaction from Loonie pairs. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: China’s new service sector measures pledges to further open sectors such as internet, culture, telecommunications, medical care, and education while attracting increased foreign and private investment New Zealand Westpac Consumer Confidence for…
Bank of Japan’s decision wraps up a whirlwind week of central bank action, coming right on the heels of the Fed, Bank of Canada, and the Bank of England. What are traders expecting, and how might JPY react to the event? We have the points you need to know if you’re trading the 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 link
As expected, the Bank of Canada lowered interest rates by 25 basis points from 2.75% to 2.50% in their September decision while offering minimal forward guidance on next moves. This decision marked the first rate cut since March and brought the policy rate to its lowest level in over a year. Governor Tiff Macklem emphasized that while the central bank provided no explicit forward guidance, the overall assessment suggests this likely won’t be the final cut of the cycle, with analysts pointing to December as the probable timing for another reduction. Key Takeaways Rate cut delivered as expected: 25bp reduction brings…
Australian labour market reportUnemployment Rate 4.2%expected 4.2%, prior 4.2% Employment Change -5.4K, a poor resultexpected 22.0K, prior 24.5KParticipation Rate 66.8%, lower participation has prevented the jopbless rate from rising Part-Time Employment +35.5K Full-Time Employment -40.9K, terrible number more to come Source link
As expected, the Federal Reserve delivered its first rate cut of 2025, lowering rates by 25 basis points as concerns about a weakening labor market finally outweighed inflation worries. Here are the top points you missed from the event: The Fed Cut Rates by 25bps, Ending Its Pause The FOMC lowered the federal funds rate to 4.00%-4.25%, marking the first cut since December 2024. After holding rates steady for five consecutive meetings this year, Powell cited a “shift in the balance of risks” toward employment concerns. The Fed’s statement notably removed its description of the labor market as “solid,” signaling…
The Two Pole Super Smooth MT4 Indicator is designed to reduce chart noise and provide smoother price movements. Unlike traditional moving averages, which can be slow and choppy, this indicator applies a smoothing technique that highlights overall direction while minimizing false signals. Traders often use it to stay aligned with the trend, as it offers a clearer picture of price flow without the constant distraction of short-term volatility. Why Traders Prefer This Indicator Many traders like this indicator because it keeps things simple. Instead of cluttering the chart with multiple indicators, the Two Pole Super Smooth acts as a standalone…
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…
Brazil's Bolsonaro discharged from hospital, tests showed early type of skin cancer Source link