Author: FX
The Bank of Canada’s July monetary policy decision delivered exactly what markets expected – a steady hand at 2.75%. At the time, traders also balanced the BOC’s data-dependent stance against a backdrop of wavering trade optimism and pre-FOMC positioning. Let’s examine which pairs from our watchlist made sense to move forward on, and how they performed in this environment of moderate conviction and mixed fundamental drivers: Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan.…
AI gains and strong earnings support Wall Street as tariff woes linger Source link
OPEC+ announced an oil production increase of 548,000 barrels per day for September. The move was widely expected after the group began taking bigger steps to unwind its production curbs over the summer. Initially, OPEC communicated an 18 month plan to slowly unwind production but it since stepped up the pace and now the entire 2.2 million barrels per day curb announced in 2023 is done.In addition, the UAE has been granted a higher baseline by 0.3 mbpd over the past six months.In the US, drilling rig counts have been tumbling in recent months with oil prices capped below $70…
The MA Lock MT4 Indicator is a trend-following tool to help traders identify strong and stable market moves. Instead of relying on a single moving average, this indicator blends multiple moving average lines into a “locked” channel that tightens during trends and widens during ranging markets. This locking mechanism makes it easier to see when the price trends or moves sideways. It’s simple, visual, and perfect for beginners or those looking for more reliable entries. How It Helps in Real-Time Trading When using the MA Lock Indicator, traders can quickly see the current trend direction. If the price stays above…
US envoy tells Israeli hostage families he is working on plan to end Gaza War Source link
The Real Value Extended MT4 Indicator is a custom technical tool designed to give traders a better sense of where the market should be priced. It uses advanced algorithms to calculate a “real value line” that tracks price behavior more smoothly than traditional moving averages. This helps eliminate sudden spikes and keeps the focus on genuine price strength. Many traders appreciate its ability to stay stable during volatile times, offering a clearer view of trend direction. How It Helps Traders Make Better Decisions Instead of guessing when to buy or sell, traders can rely on this indicator to compare the…
New York Fed President John Williams shared his views on the labor market, inflation, and interest rates in a Friday interview with Wall Street Journal reporter Nick Timiraos in New York.The Journal have provided a full transcript, which is really interesting. The journal is gated, but if you can access it, link. A notable item in it is this question from Timiraos (bolding mine):To sum up then, if the data were to reveal itself over the next two months in a way consistent with what we’ve seen over the last few months, which I would characterize as some goods inflation…
Chile's Codelco makes headway to reach trapped El Teniente miners Source link
Berkshire takes $3.8 billion Kraft Heinz writedown, operating profit falls Source link
The US said it had no choice but to deport them to a third country. Then it sent them home Source link