Author: FX
Teck Resources Ltd (TECK – Free Report) shares ended the last trading session 11.3% higher at $39.07. Source link
The MTF Zigzag with 3 Level Indicator is built to display market swings across different timeframes at the same time. Instead of relying on a single timeframe, traders can see how smaller and larger swings align. This makes it easier to identify the overall trend and spot potential reversals. The three zigzag levels highlight minor, medium, and major price moves, giving traders a layered perspective of the market. Why It Stands Out for Traders Unlike the standard zigzag tool, this version adds a multi-timeframe feature, which is especially useful for swing and position traders. By analyzing multiple levels, traders can…
Barclays is now seeing the S&P 500 end the year at 6,450, which is a bump up from their previous forecast of 6,050. Their previous forecast was one of the more bearish ones but the latest change now puts them closer to the median among top market analysts of around 6,500.So far, only Oppenheimer and Wells Fargo have calls for the S&P 500 to wrap up the year above the 7,000 mark. Then, we have BMO Capital at 6,700 and a host of names (Citi, Goldman Sachs, Fundstrat) at 6,600 with Deutsche at 6,550. That is followed by Morgan Stanley,…
China’s August CPI figure reflected a steeper 0.4% year-on-year decline in price levels versus the projected 0.2% dip while the PPI report came in line with expectations of a 2.9% slump. The core inflation’s uptick to 0.9% provides some encouragement, potentially reflecting the impact of demand stimulus measures, though it remains well below China’s annual inflation target of around 2% for 2025. Key Takeaways from China’s CPI and PPI reports CPI fell 0.4% YoY in August, worse than the -0.2% consensus estimate Core CPI rose 0.9% from a year earlier, reaching its highest level since February 2024 Producer prices dropped…
The Ideal ZigZag MT4 Indicator is a technical tool that connects key highs and lows on the chart, ignoring smaller movements that do not impact the bigger trend. This makes it easier to see the overall market direction without getting distracted by minor pullbacks. Traders use it to highlight swing points, map out trends, and even detect potential support and resistance levels. Unlike basic ZigZag indicators, the Ideal version provides more accurate filtering, making it a reliable companion for analyzing price action. How It Helps in Market Analysis One of the biggest advantages of the Ideal ZigZag MT4 Indicator is…
Remember that channel resistance play that we talked about a few days ago? Well, USD/CHF has already slipped to fresh monthly lows since then. Now it’s bouncing back a bit, which could be the market’s way of giving us another shot at riding the downtrend. Check out USD/CHF’s 4-hour chart! USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar has been losing pips to its counterparts as more traders price in a potentially more dovish Fed decision later this month. The Swiss franc, on the other hand, is soaking up safe haven flows with the Russia-Ukraine conflict dragging on and…
Uncle Sam’s August CPI report is about to drop, and it could show if inflation is finally cooling or still sticky high! With the Fed’s next move on the line, this week’s release could spark fresh swings in currencies, stocks, and commodities. Planning on trading the closely watched event? Here are points you need to know first! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The MAC Fibo MT4 Indicator blends two of the most reliable trading tools, moving averages and Fibonacci retracement,s into a single charting solution. The indicator plots Fibonacci levels automatically and overlays them with moving average confirmations. This means traders can quickly see areas where price is likely to react, whether as support or resistance. By adding moving average guidance, it filters out weaker signals and gives a more structured approach to trading. Benefits for Traders One of the biggest benefits of this indicator is time-saving. Instead of drawing Fibonacci levels manually and checking them against moving averages, the indicator does…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.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%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…
The major assets were a mixed bag on Tuesday as traders juggled weak jobs data, geopolitical tensions, and shifting rate cut expectations. Stocks rose and gold hit fresh records before easing back, while the dollar staged a late rebound. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Manufacturing Sales for Q2 2025: -0.6% y/y (4.5% y/y forecast; 10.0% y/y previous) Chinese yuan hits 10-month high against dollar amid Fed rate cut expectations and strongest PBOC midpoint setting since November Japan LDP to hold full-scale Presidential election after Ishiba resignation Russia…