Author: FX

US President Donald Trump confirmed that he recently spoke by telephone with Venezuelan President Nicolas Maduro, but declined to reveal details, Reuters reported on Sunday.Key quotesConsiders Venezuela not to be a friendly country.Don’t read anything into me closing Venezuela airspace.Doesn’t mean airstrike imminent.Market reactionAt the time of press, the WTI price is up 0.71% on the day at $59.45. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because…

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Two focal points today, Bank of Japan Governor Ueda speaking and another PMI from China. The December (18-19) Bank of Japan meeting is very much ‘live’, a rate hike potential is there:Bank of Japan Governor Ueda is speaking today in Japan. Its billed as speaking with business leaders. There will be Q&A following. Stay tuned!-Also, we get a PMI from China. The private survey manufacturing PMI from Rating Dog. Definitely the best named PMI out there! The RatingDog China General Manufacturing PMI, compiled by S&P Global Over the weekend we had the official PMIs from China. Disappointing:- I’ve posted on…

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The High Low Lines MT4 Indicator is a simple yet powerful tool that automatically plots the highest and lowest prices for a chosen timeframe. These lines act as visual cues for support and resistance, helping traders see where the market has reacted in the past. Instead of manually drawing lines—which can be time-consuming and inaccurate—this indicator does it automatically, updating as new price data appears. It works on all timeframes, making it useful for scalpers, day traders, swing traders, and even long-term investors who want to see clear market boundaries. Why High and Low Lines Matter in Trading Highs and…

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