Author: FX

The Post Zigzag MT4 Indicator is designed to simplify price action by connecting significant highs and lows with straight lines. Unlike other indicators that focus on momentum or volume, this one gives traders a clearer visual of market waves. By filtering out small fluctuations, it helps highlight the bigger picture, making it easier to see where the market has been and where it might be heading. Why Traders Use It Many traders use the Post Zigzag MT4 Indicator because it helps them identify trends, reversals, and chart patterns such as double tops, double bottoms, or head and shoulders. This indicator…

Read More

Weekend reports on a note from UBS arguing the US has a 93% chance in recession this year. I guess that means 93% chance the US is already in recession. I doubt it, but here is more. The reports state that:UBS’s forecast based on its assessment of several indicators like personal income, consumption, industrial production and employmentUBS says the economy has reached “historically worrying levels”UBS says the US economy is “soggy, soft, weak, yes, but not collapsing”, and analysts at the bank have not said firmly the country is in recession–I haven’t seen the note, just passing along what is…

Read More

This isn’t a surprise but OPEC+ will continue to boost production by 137K in October after hiking by that exact amount in September.The market saw the September announcement as the baseline going forward, until brent prices fall below $60 or OPEC spare capacity is exhausted. IThe latest report from Reuters cites three sources familiar with OPEC talks.So far this year OPEC+ has raised output by 2.5 mbpd into a soft economy. That’s made oil a big underperformer in the commodity space but it hasn’t been as bad as it could be. That’s partly because China has been building oil inventories.This…

Read More