Author: FX
EUR/AUD recently fell through its triangle bottom to suggest that a downtrend is in the cards. Are more sellers ready to join on a pullback? Source link
The GBP/USD pair declines to near 1.3500 during the early European trading hours on Wednesday. Ongoing tensions in the Middle East provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP). All eyes will be on the US August jobs report later on Friday. CNBC reported that the US and Iran traded a new round of attacks Tuesday, with American forces striking Iranian targets around the critical waterway and Tehran saying it had launched a retaliatory operation targeting US interests across the region.US President Donald Trump said the strikes were in retaliation for…
WTI crude oil just broke through a ceiling that held for years. Does this rally keep running or was this week’s spike an overreaction due for a fade? Source link
The Volume Volatility Indicator MT4 is a technical analysis tool designed to show changes in market activity and price volatility directly on an MT4 chart. Its exact calculation can vary between indicator versions, but the general idea is straightforward: compare recent trading activity and price movement with their normal range.MT4 forex volume is usually tick volume rather than centralized exchange volume. Each tick represents a price update received by the platform. A rise in tick volume therefore suggests that market activity has increased, but it does not mean that the indicator knows the exact number of contracts traded across the…
Dip buyers coming in: Schroders turns more bullish on gold citing central bank buying !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
UOB’s Jester Koh note they raise their FY27 Gross Domestic Product (GDP) forecast for India to 7.2% from 6.8% after a stronger-than-expected 1QFY27 expansion of 7.8% year-on-year. They also lift their FY27 headline inflation forecast to 5.2% from 5.0%, citing robust food price momentum, higher costs in services and energy, partly cushioned by subsidies and ample public foodgrain stocks.Growth upgrade with stronger prices”We raise our FY27 GDP forecast to 7.2% (from 6.8% prev.) following the strong 1QFY27 outturn (7.8% y/y; Bloomberg: 7.3%, 4Q: 8.6%).””We raise our FY27 headline inflation forecast to 5.2% (from 5.0%).””In our baseline projections, we pencil in…
A sharp selloff has pushed XAU/USD into oversold conditions on the daily chart. Can gold stabilize and stage a rebound? Source link
Crude oil moves higher. Stocks move lower as reports of an American attack on Iran !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Pound Sterling trades sideways versus the US Dollar on Tuesday after a tranche of US economic data was mixed, with business activity dipping in August, while a strong jobs market justified Fed Chair Warsh’s hawkish tilt. The GBP/USD trades at 1.3540, down a modest 0.06%.GBP/USD steadies as traders weigh US PMIs, jobs data and BoE risksThe ISM Manufacturing PMI in August was 54.6, down from 55.6 in July and missing forecasts of 55.2. The Institute for Supply Management (ISM) revealed that new orders slowed while input prices remained high, a sign that may motivate the US central bank to…
marekuliasz/iStock Editorial via Getty ImagesGoPro (GPRO) shares jumped about 85% shortly after Tuesday’s market open, extending a dramatic rally that had already lifted the stock roughly 100% over the previous two sessions before the company announced its merger with Starman Optical. Shares closed 46.1% higher Source link