Author: FX
The GBP/USD 10 SMA has crossed above the 50 SMA, signaling a potential bullish trend shift. Learn how to assess the setup. Source link
This chart is as ugly as it gets in terms of a topping formation.Micro shares have fallen $400 in the past three weeks and are now at the lowest since May 26. They’re down 32% after initially surging on the most-recent quarterly earnings report. In that report, the company forecast it would earn $31 per share in the coming quarter with no slowdown in sight.Annualized that’s $124, which puts the shares at 7x earnings (though the consensus is $73.37 this year). For next year the consensus is $157 so that puts forward earnings at just 5.4x.So in terms of fundamentals,…
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United Kingdom (UK) data were mixed, with robust Gross Domestic Product (GDP) offset by softer Industrial Production. From a technical perspective, they argue the early July bull reversal remains intact and see scope for gains toward at least 1.3650.Bull trend targets retest of 1.3650″The GBP is a mild underperformer on the session as markets give back some of yesterday’s solid gains. Investors appear to have been cheered by reports suggesting…
U.S. retail sales rose just 0.2% in June as gas prices fell, but jobless claims dropped and factory activity surged, keeping the Fed’s hawkish rate path intact. Source link
UK GDP grew 0.1% in May 2026, matching forecasts, but only services grew while factories and construction fell, as Britain prepares to change prime ministers. Source link
Details:New orders 37.0 versus 27.3 last monthShipments 33.7 versus 14.9 last monthUnfilled orders 18.1 versus 10.5 last monthDelivery times 9.6 versus 10.8 last monthInventories 0.3 versus 23.0 last monthPrices paid 53.9 versus 53.2 last monthPrices received 27.4 versus 20.3 last monthNumber of employees 10.0 versus 7.9 last monthAverage employee workweek 14.0 versus -6.5 last monthSix-months from now indicators:6 month index 34.4 vs 53.2 last monthCapex index 6-month forward 30.1 versus 41.2 last monthNew orders 35.1 versus 60.8 last monthShipments 39.3 versus 60.3 last monthUnfilled orders 20.9 versus 17.3 last monthDelivery times 9.3 versus 2.5 last monthInventories 12.5 versus 10.0 last…
The Indian Rupee (INR) trades lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows. The continued military aggression between the United States (US) and Iran in the Middle East has disrupted the energy supply again.In the opening trade, the MCX Crude Oil contract expiring on July 20 is up 0.7% to near Rs. 7,664, closer to its monthly high of Rs. 7,832.Currencies from economies, such as India, which rely heavily on oil imports…
Markets treated June’s inflation drop as a turning point, but gasoline, Warsh, and rising oil prices may have made that verdict premature. Source link
GBP/AUD is knocking on a key resistance zone after seeing a sharp upswing in the last trading sessions. Will we see a breakout today? Source link
The Bookmap Indicator MT4 is designed to give traders a better view of market activity by highlighting liquidity and order flow concepts that traditional chart tools may overlook.Missing these details can lead to poor entries, unnecessary losses, and emotional trading decisions. After several losing trades, many traders start chasing the market or exiting winning positions too early. That cycle is difficult to break without better market information. A Bookmap-style indicator helps traders focus on areas where larger participants may be active, making trade planning more structured. Before adding it to a trading strategy, it’s worth understanding how it works, where…