Author: FX
The Double Top Bottom Indicator MT5 is an automated pattern recognition tool designed to detect and signal two of the most reliable reversal formations in price action trading. A double top forms when price creates two peaks at roughly the same level with a moderate dip between them, suggesting buyers are losing strength. The double bottom works in reverse—two troughs at similar prices indicate sellers are exhausted. What separates this indicator from basic drawing tools is its real-time detection capability. It scans price action continuously, comparing swing highs and lows against predefined tolerance levels. When the pattern criteria are met,…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
Thursday’s session saw the S&P 500 close at a fresh record high as Trump announced an Israel-Lebanon ceasefire while TSMC’s blockbuster earnings fueled broad AI sector optimism. Source link
OCBC’s strategists Sim Moh Siong and Christopher Wong observe USD/MYR nearing key support as markets price optimism over US–Iran negotiations and a softer US Dollar (USD). They stress that Malaysia’s growth momentum and higher commodity prices continue to underpin foreign inflows, with a stable Renminbi (RMB) anchoring Malaysian Ringgit (MYR). A falling wedge suggests possible bullish reversal, with focus on 3.90–3.92 support and a potential move toward 3.88.Repricing geopolitics with firm fundamentals”Markets are repricing quickly on optimism that US and Iran are considering a return to the negotiation table while USD continued to trade on a softer footing.””Fundamentals have not…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
Standard Chartered Bank economists Madhur Jha and Ethan Lester assess how the Middle East conflict could affect global remittances. They argue that Gulf Cooperation Council (GCC) economies are key sources of remittance inflows for countries such as Egypt, Pakistan, Philippines, Bangladesh and Sri Lanka. While the non-oil impact is seen as smaller than COVID-19, a prolonged conflict could trigger expat relocation and weaker remittance flows.GCC-driven remittance risks under conflict”The ongoing energy price shock is the biggest risk to the global outlook, potentially tipping the global economy into recession if sustained. Our concerns are compounded by the physical disruption to oil…
There was a report from Iranian media two days ago that a ceasefire was hours away and that turned out to be not true. Note that this one is from Haaretz, which is a daily Israeli newspaper. It says that the Israeli army is preparing to halt combat operations between 7 pm and midnight local time. It’s currently 4:30 pm in Tel Aviv.This is obviously good news for peace negotiations in Iran and the region.Pete Hegseth had some tough talk today but the political signs continue to point towards some kind of deal. However the risk-reward here isn’t great as…
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the recovery narrative is overshadowing the International Monetary Fund’s (IMF) weaker growth outlook, with global equities at record highs and the US Dollar (USD) retracing losses. Haddad does not expect the US Dollar Index (DXY) to break its established 96.00–100.00 range in coming months, as rate differentials and still-strong foreign demand for US long-term securities underpin USD near term.Range-bound Dollar with structural headwinds”Markets continue to look beyond the IMF’s gloomier growth forecast and trading the recovery narrative. We agree.””We don’t expect USD to make new cyclical lows in the next few months.…
Abbott cuts earnings outlook to reflect Exact Sciences buyout Source link
Prior +1.9%Core CPI +2.3% vs +2.3% y/y prelimPrior +2.4%More to come.. This article was written by Justin Low at investinglive.com. Source link