Author: FX
US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Weakness in USD has stabilized24-HOUR VIEW: “Yesterday, we expected USD to ‘range-trade between 7.0900 and 7.1080’. We did not expect the strong advance that reached a high of 7.1178. The sharp rise appears excessive, and USD is unlikely to advance much further. Today, USD is more likely to consolidate, probably between 7.1000 and 7.1180.” 1-3 WEEKS VIEW: “In our…
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AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift in China’s economic conditions could also affect the Australian dollar (AUD), given the close trade ties between China and Australia.China’s NBS Manufacturing Purchasing Managers’ Index dropped sharply to 49.0 in October, following 49.8 recorded in September. The reading came in above the expected 49.6 figure in the reported month. Meanwhile, the NBS Non-Manufacturing PMI unexpectedly rose slightly to 50.1 against…
Newmark Group (NMRK) arranged a $600 million total loan package on behalf of West Shore, with proceeds supporting the refinancing of more than $250 million in existing debt across five stabilized properties. The closing marks West Shore’s second SASB transaction in the past 12 months, exemplifying the firm’s continued growth among the most active multifamily owners in the Sunbelt region. Source link
Heavy rains in New York kill two, disrupt flights Source link
Spot gold prices just popped up a solid bullish candlestick after days of losses! Think the yellow metal is ready to extend a longer-term trend? We’re checking out the daily time frame today: Gold (XAU/USD) Daily Chart by TradingView Spot gold edged higher alongside the U.S. dollar on Thursday as traders weighed fiscal concerns amid the ongoing U.S. government shutdown and continued uncertainty over U.S.-China trade relations. Some may also have shifted their focus to fiscal risks, while others appeared to be taking profits ahead of the month’s close. Meanwhile, the Greenback continued to draw bullish demand after Fed Chair…
China PMIsChina Manufacturing PMI for October 2025 is a poor 49.0, in contraction for the seventh month in row6-month lowexpected 49.6, prior 49.8% Non-manufacturing 50.1expected 50.1, prior 50.0Composite 50.0prior 50.6 —China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Rating Dog China PMI published by Markit / S&P Global.The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers more small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of…
The European Central Bank kept its key interest rates on hold during its October meeting, maintaining the deposit facility rate at 2.00% as inflation remains close to the central bank’s 2% medium-term target. Although policymakers noted that the eurozone economy continues to demonstrate resilience, they also warned that global trade tensions and geopolitical risks are clouding their outlook. Key Takeaways All three key ECB interest rates held unchanged: Deposit facility at 2.00%, main refinancing operations at 2.15%, and marginal lending facility at 2.40% Inflation assessment broadly stable: Inflation remains close to the 2% target with no major changes to the…
The ZIGZAG on Fractals MT4 Indicator is designed to filter out market noise and highlight key price structures. It works by connecting significant highs and lows on the chart using the ZigZag line, while fractals act as confirmation points for potential reversals. Together, they create a clear visual representation of the market’s movement, making it easier to identify patterns and predict the next possible price direction. How It Differs from the Standard ZigZag Indicator Unlike standard ZigZag indicators, this version adds a fractal-based confirmation layer. This means every swing point is validated by a fractal, improving reliability. Traders can use…
GBP/USD fell again on Thursday, grinding down toward the 1.3100 handle and tipping into six month lows at 1.3116. The Pound Sterling (GBP) continues to shed weight against the US Dollar (USD), and is down over 2% against the Greenback through the month of October alone.Cable has declined for all but one of the last ten straight trading days, plummeting from a half-hearted swing high into 1.3450 and is now knocking on the 1.3100 handle. GBP/USD has fallen below the 200-day Exponential Moving Average (EMA) near 1.3275, setting up Pound sellers for a continued backslide.The Federal Reserve (Fed) cut interest…