Author: FX

The B Clock Plus MT4 Indicator is a handy tool that shows accurate clock information directly on the trading screen. Instead of switching between devices or converting time zones, traders can view the current market time instantly. This helps them keep track of session openings, important news releases, and closing times. By reducing confusion, the indicator creates a smoother trading experience, especially for those trading forex across different global markets. Why Traders Use It Timing plays a major role in trading success. Many strategies rely on specific hours, such as the London session opening or the overlap between London and…

Three dead as Indonesian protesters set fire to regional parliament building Source link

US will proceed with probe of solar imports from India, Laos and Indonesia Source link

The Advanced MTF RSI MT4 Indicator is designed to enhance the traditional RSI by displaying data from higher or lower timeframes on a single chart. Instead of switching back and forth between charts, traders can instantly see whether the market is overbought, oversold, or trending in the same direction across multiple timeframes. This helps them avoid trades that go against the larger trend and improves the accuracy of signals. Why Multi-Timeframe Analysis Matters Trading decisions made on just one timeframe can often be misleading. For example, a trader may see a strong buy signal on the 15-minute chart, but the…

On Friday evening, the Federal Circuit court struck down the vast majority of US President Donald Trump’s tariffs, ruling them illegal under laws that give Congress control of tariffs and tax policy.The 7-4 decision rules that the International Emergency Economic Powers Act was used improperly in the case of fentanyl tariffs against Mexico/Canada/China and for the broader reciprocal tariffs.This isn’t a huge surprise as the justification he used was a 1977 U.S. law that gives the President broad powers to regulate commerce after declaring a national emergency in response to an “unusual and extraordinary threat” from outside the United States.…

This week in forex, AUD dominated, CAD & NZD also shined brightly, & EUR sunk hard due to trade woes & disappointing Euro area data. Source link

The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.Equities falter post-PCE but only slightlyThe Dow Jones is down, but certainly not out. The major equity index…

It’s been a pretty quiet session on the data and news side, but a lively one on the markets front. The US PCE was of course the main highlight of the day and the data came in line with expectations across the board. We had also the Canadian GDP which showed a bigger contraction than expected in Q2, but that’s old news as we are almost at the end of Q3 with the markets focusing on Q4. We started to get more action in the markets once the US stock markets opened. The S&P 500 and the Nasdaq sold off…

It will soon be time to recalibrate policy to better match our economy.Both mandates are in tensions now.Tariffs are pushing inflation higher and the labour market is slowing.I think tariff-relates price increases will be a one-off.It will take time before we know that for certain but we can’t wait for perfect certainty without risking harm to the labour market.It’s funny how they avoid using the word “transitory”. Anyway, Fed’s Daly is just repeating that she expects the tariff-driven inflation to be short-lived and therefore favours lowering interest rates to help the labour market which in her view is slowing. It…

The US dollar will likely finish the day at the lows today. It’s been a rollercoaster week with the greenback erasing most of the losses triggered by Powell’s dovish tilt just to give the gains back heading into the weekend.Today there was no meaningful catalyst for the downside as the PCE data came out in line with expectations. We could argue that the selloff in the stock market might have had a part in dollar’s weakness but it could also be just month-end flows as the momentum picked up going into the London Fix. Nevertheless, the focus has now turned…