Author: FX
TD Securities strategists Prashant Newnaha and Alex Loo note that Australian activity has stabilised in April, with services rebounding into expansion while manufacturing remains in contraction. However, they stress that input and output prices across both sectors have surged to multi‑year highs. Against this backdrop, they expect the Reserve Bank of Australia to deliver another 25 bps rate hike in May.Australian data support May RBA hike”The Flash Composite PMI Output index rebounded from contraction to expansion in April, but this was entirely due to services activity picking up while manufacturing activity contracted.””With activity on balance stabilising but price pressures accelerating…
The Highway Channel Indicator is a trend-following technical analysis tool designed for MetaTrader 5. It draws two boundary lines — an upper band and a lower band — that form a channel around price action. Think of it as a highway with guardrails. When price stays between the lines, the trend is intact. When it breaks through, something meaningful might be happening. Unlike static support and resistance lines that traders draw manually, this indicator recalculates its channel boundaries in real time based on recent price data. Most versions use a combination of moving average logic and volatility-based calculations (similar in…
The safe-haven signal appears broken this week, with yields and dollar strength pulling gold steadily lower instead. Source link
There are just a couple of expiries to take note of on the day, as highlighted in bold below.That being for EUR/USD with a heavy chunk layered between 1.1650 to 1.1700. As things stand, US-Iran headline risks continue to drive the market mood and dollar/trading sentiment along with it. That is the tail wagging the dog, as traders are starting to feel more fearful again amid a lack of breakthrough on the next round of talks.There were some fake news involving Iran missiles overnight here, but that was enough to unmask the risk rally from earlier this week as being…
Gold (XAU/USD) sticks to intraday losses through the Asian session on Thursday, albeit it continues to show some resilience below the $4,700 mark. The US Dollar (USD) gains positive traction for the third straight day as signs of friction between the US and Iran remained due to the American naval blockade of Iranian ports. Furthermore, a standoff over the Strait of Hormuz and dimming hopes for more rate cuts by the US Federal Reserve (Fed) act as a tailwind for the Greenback, exerting some pressure on the non-yielding yellow metal.US President Donald Trump announced a temporary extension of the Iran…
U.K. inflation climbed to its highest in three months in March as the Iran war sent fuel costs sharply higher. Source link
ECB policymakers are publicly split on rate hikes amid the Iran war energy shock. Learn what hawk vs. dove central bank language means for EUR/USD traders. Source link
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
The Coloured Moving Average Indicator MT5 was designed to tackle this exact problem. Instead of relying on a single-colored line that forces traders to interpret direction manually, this tool changes color based on price movement relative to the average. That small visual shift makes a big difference in how quickly a trader can read a chart and act on momentum changes. It doesn’t remove risk—nothing does—but it cuts down on hesitation and misreads during fast-moving markets. What Is the Coloured Moving Average Indicator? At its core, the Coloured Moving Average Indicator is a modified moving average that assigns different colors…
WTI crude oil (USOIL) has been in selloff mode lately, but it looks like buyers are returning to defend the bottom of its range on the 4-hour time frame. Source link