Author: FX

Vacation’s over, and it’s time to face reality! Whether you spent the summer living your best life or binge-watching The Summer I Turned Pretty in your basement, the markets kept moving while you were checked out. And now you’re about to jump back in with all the grace of a belly flop. Unfortunately, a lot of traders I’ve had conversations with find it hard to get back on the grind, especially after coming from a long vacation away from the markets. Most of them are usually overwhelmed by all the events they have missed and let the stress get to…

Oil prices drop as OPEC+ weighs another output hike Source link

Prior 51.0Composite PMI vs 51.1 prelimPrior 50.9 This article was written by Justin Low at investinglive.com. Source link

The indicator works by filtering out small price movements and highlighting the most significant swings. Instead of looking at every tiny tick, traders see a simplified chart with connecting lines drawn from one high to the next or one low to another. This makes it easier to understand where the market is heading and when a trend might be changing. By focusing on the bigger moves, traders avoid distractions and can better plan their strategies. Why Traders Use This Indicator This Zigzag tool is popular among both beginners and experienced traders because it helps reveal chart patterns like double tops,…

Missed the double top breakdown on bitcoin? Price is now back to testing the former support zone, which could hold as resistance moving forward. Take a look at these inflection points on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView BTC/USD recently fell through support at the $112,500-$115,000 zone, suggesting a potential reversal from the uptrend earlier in the year. Price is finding a floor around the $107,000 region, though, and it looks like a correction to the area of interest is taking place. Will it hold as resistance from here? Remember that directional biases and volatility conditions…

Singapore MAS survey shows economists lift GDP forecast, see steady policy Source link

The Australian economy expanded 0.6% quarter-on-quarter in Q2 2025, surpassing expectations for a 0.5% growth figure and also seeing an upgrade for the earlier period. On a year-on-year basis, the economy grew 1.8% in the June quarter, marking the fastest pace of growth since September 2023. In addition, the previous GDP figure was revised higher from 0.2% to 0.3% quarterly growth. Key Takeaways from Australia’s GDP Report Growth exceeded expectations: GDP rose 1.8% year-over-year versus 1.6% forecast, with quarterly growth of 0.6% beating the 0.5% estimate Domestic demand drove expansion: Household consumption contributed 0.4 percentage points to growth, rising 0.9%…

AUD/JPY appreciates as GDP grew 0.6% QoQ in Q2, against the expected 0.5% growth.China’s Caixin Services PMI rose to 53.0 in August, came above the 52.5 expected.Japan’s Jibun Bank Services PMI stood at 53.1, while Composite PMI rose to 52.0 in August.AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia’s Q2 Gross Domestic Product and China’s Caixin Services Purchasing Managers’ Index (PMI).The Australian Bureau of Statistics (ABS) reported that Australian economy expanded 0.6% quarter-over-quarter in the second quarter, following the…

The Japanese Yen retains its negative bias amid domestic political uncertainty and the BoJ’s rate hike plan.Some follow-through USD strength helps USD/JPY climb back closer to the  149.00 round figure.The divergent BoJ-Fed expectations warrant caution ahead of important US macro releases.The Japanese Yen (JPY) hangs near a one-month low touched against a broadly firmer US Dollar (USD) earlier this Wednesday amid heightened domestic political and trade-related uncertainties. Furthermore, the lack of hawkish signals from Bank of Japan (BoJ) Deputy Governor Ryozo Himino on Tuesday turns out to be another factor that continues to undermine the JPY. The USD, on the…

The London Metal Exchange delayed the start of trading in Asia by 90 minutes on Wednesdayelectronic platform opened at 9:30 a.m. Beijing time instead of the usual 8 a.mNo reason was given according to unnamed LME traders quoted by Bloomberg The exchange didn’t immediately respond to a request for comment.—It takes quite a reason for an exchange like the LME to delay its open. If I was, say, short a few gold contracts and asked the exchange to delay open while I scrambled to provide margin they’d laugh at me. But, if I was a whale …. well, maybe they’d…