Author: FX
USD/CAD could be done with its downtrend, as the pair is forming a double bottom pattern. Can the pair bust through its neckline resistance soon and go on a reversal? Here’s what we’re seeing on the 4-hour chart. USD/CAD 4-hour Forex Chart by TradingView After making a couple of failed attempts at breaking below the 1.3550 minor psychological mark, USD/CAD is now back to testing the double bottom neckline at R1 (1.3770). By the looks of it, the Greenback is still reigning supreme while it rakes in safe-haven flows from increased global trade uncertainty while brushing off dovish Fed expectations.…
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.The previous close was 7.1758PBoC injects 170.7bn yuan via 7-Day Reverse Repos at 1.4%226.2bn mature todaynet drains 55.5bn yuan in Open Market OperationsEarlier from China:PBOC’s Loan Prime Rates unchanged: 1 year 3%, 5 year 3.5%China quietly issues 2025 rare…
The SB Volume Avg MT4 Indicator is a custom tool that tracks and averages trading volume over time. Instead of showing volume as simple bars, it helps traders visualize how strong or weak the market activity is across different periods. It works well with other indicators like moving averages or price action tools. This makes it easier to judge if a breakout, reversal, or trend is backed by real volume. By giving a clearer view of market participation, the indicator helps traders stay in sync with smart money. Why Volume Matters in Trading Many beginner traders ignore volume, but it…
Ecuador gang leader 'Fito' to plead not guilty in US after extradition Source link
Weekend news that Iran, along with Britain, France, and Germany, has agreed to restart discussions on its nuclear program, according to Iran’s semi-official Tasnim news agency. The decision follows warnings from the three European nations that international sanctions could be reinstated if talks didn’t resume.Tasnim is the Iranian news agency:”The principle of talks has been agreed upon, but consultations are continuing on the time and place of the talks. The country in which the talks could be held next week has not been finalized,”Since that statement Friday has been set as the date, in Istanbul. The EU nations will also…
Pope Leo calls for end to 'barbarity of war' after strike on Gaza church Source link
Calm reported in Syria's Sweida, Damascus says truce holding Source link
Ethereum (ETH!) Futures Technical Analysis: Bulls Remain in Control, Targeting $4,000Today’s (weekend) analysis covers Ethereum futures (ETH!) continuous contracts. Although pricing slightly differs from spot markets such as Binance or Coinbase, the core technical principles apply.Key Levels and Price Action from the above ETH Futures Technical Analysis Video:The weekly chart reveals critical historical consolidation from mid-2022 through early 2023. The volume profile highlights the Point of Control (POC) at approximately $1,550, marking substantial historical trading activity.Notably, ETH futures retested this $1,550 region on October 23, 2023, creating a strong technical support base.A bullish breakout occurred around April 14, 2025, marked…
The ID Lite Info MA MT4 Indicator stands out by offering clean, easy-to-read moving average data right on the chart. Instead of overloading the screen with complicated indicators, it displays essential MA info in a simple format. This makes it ideal for beginners and intermediate traders who want to understand the trend without all the noise. The indicator updates in real-time, helping traders stay on top of the market’s momentum. User-Friendly Interface for Quick Decisions One of the key strengths of the ID Lite Info MA is its user-friendly layout. It shows the moving average value, its direction, and the…
China's exports of rare earth magnets to the U.S. skyrocket in June Source link