Author: FX
The JJN Big Trend MT4 Indicator is built to track large-scale market movements. Instead of showing every small fluctuation, it focuses on highlighting the major direction of the market. This makes it especially useful for traders who prefer swing or position trading. By showing clear signals, the indicator reduces guesswork and allows traders to spot trend reversals or strong continuations. Its simple design makes it suitable for both beginners and experienced traders. Why Traders Use It Many traders turn to this indicator because it helps them avoid emotional decisions. Instead of reacting to minor price changes, they can focus on…
The U.S. dollar is grabbing the spotlight today as Uncle Sam rolls out the latest labor market numbers. We’ve got our eyes on USD/CHF after the pair just bounced off a key trend resistance area. What do you think of this setup? USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar turned higher on Thursday even as 10-year Treasury yields slipped, a sign that traders are brushing off recession worries despite softer labor market signals. As for the Swiss franc, it could see fresh safe haven demand if Uncle Sam’s August jobs numbers end up weighing on the Greenback. Remember…
Gold has been on a tear these days, but it looks like bulls are hitting a roadblock and could be due for a correction soon. Is this a good chance to hop in the precious metal’s ongoing climb? Check out these potential support levels on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TradingView After hitting one record high after another earlier this week, gold appears to be taking a breather from its ascent as traders are holding out for bigger market catalysts. The upcoming U.S. NFP report could have strong implications for overall market sentiment and risk trends,…
Lackluster US job growth anticipated in August; focus on revisions Source link
Market players zoomed in on leading U.S. jobs indicators ahead of Friday’s NFP release, as the reports printed mixed results and kept the dollar on edge. Meanwhile, crude oil saw another nasty tumble when the EIA inventory report revealed a surprisingly larger build than expected. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: API crude oil inventories up by 0.6M barrels vs. estimated draw of 3.4M barrels Chinese regulators reportedly considering measures to curb speculation on equity markets, including easing some short-selling restrictions and introducing options to temper trading China imposed fibre optic…
The Running Median MT4 Indicator works by filtering price data through a moving median calculation rather than a moving average. This small but important difference reduces the effect of sharp spikes and sudden reversals. Unlike traditional moving averages that can be influenced heavily by outliers, the running median provides a more balanced view of price behavior. Traders can use it to identify the underlying trend without being distracted by temporary volatility. Why Traders Use the Running Median Many traders rely on this indicator because it helps them avoid false signals. In fast-moving markets, sudden price jumps…
Oil prices extended their decline, by a tiny margin, for a third straight session on Friday as traders awaited an OPEC+ meeting this weekend that could decide on fresh output hikes. Eight OPEC members and partners including Russia are set to discuss raising production in October, sources told Reuters. Such a move would begin unwinding an additional 1.65 million barrels per day of output cuts—about 1.6% of global demand—more than a year ahead of schedule.The market also absorbed a surprise U.S. crude inventory build of 2.4 million barrels last week, versus expectations for a 2-million-barrel draw, as refineries entered maintenance…
US says it is restricting visas of some Central American nationals over China ties Source link
Trump fired the head of the BLS after last month’s revision-filled non-farm payrolls report and this is the first one since. The move to fire Bureau of Labor Statistics Commissioner Erika McEntarfer was obviously political and no one takes seriously Trump’s accusation that she ‘faked’ jobs numbers.So what now?On the face of it, I’d imagine it would be very difficult to upend all the processes that go into making the jobs report in a month. Then again, maybe just the chill leads to a series of small efforts to make sure that nothing is ‘undercounted’ or that seasonal adjustements are…
Prior was 50.1Business activity 55.0 vs 53.0 expectedPrior business activity 52.6New orders 56.0 vs 50.3 priorEmployment 46.5 vs 46.4 priorPrices 69.2 vs 69.9 priorThe pickup in new orders is encouraging and runs counter to the poor reading on that metric in the S&P Global survey. The poor number is on employment, which is skidding along the recent bottoms. This article was written by Adam Button at investinglive.com. Source link