Author: FX
Coca-Cola exploring sale of Costa Coffee, Sky News reports Source link
The Fibo Retracement Levels MT4 Indicator is designed to automatically plot Fibonacci levels on a chart. These levels are based on the Fibonacci sequence, a powerful tool in technical analysis that traders have used for decades. It highlights potential support and resistance zones where the price may react. For example, retracement levels such as 38.2%, 50%, and 61.8% are commonly used to track possible pullbacks in an ongoing trend. By having these levels drawn automatically, traders save time and reduce errors from manual plotting. Why Traders Use It Traders rely on this indicator because it provides a visual guide to…
The Camarilla Level Pivots MT4 Indicator is built on the Camarilla equation, which calculates intraday support and resistance levels. These levels are particularly useful because they focus on price behavior within a single trading session. Unlike traditional pivot points, Camarilla pivots provide tighter levels that react more closely to short-term market movements. This makes the indicator popular among day traders and scalpers who rely on quick and accurate decision-making. Why Traders Use Camarilla Levels Many traders prefer Camarilla levels because they help identify areas where price is likely to bounce or reverse. For example, the L3 and L4 levels often…
South Korea's Lee in Japan to shore up ties before meeting Trump Source link
The Candle Direction Panels MT4 Indicator is designed to simplify trend analysis. Instead of analyzing each timeframe separately, the indicator presents candle directions in a single dashboard. Traders can quickly see whether candles are bullish or bearish across multiple timeframes such as M1, M5, H1, or D1. This makes it easier to align short-term trades with long-term market movements, reducing confusion and improving decision-making. Why This Indicator is Useful For many traders, time is critical. Constantly opening and closing charts wastes valuable moments that could be used for entering trades. By offering a visual display of candle directions, the Candle…
Bolsonaro's defense says drafted asylum request not evidence of flight risk Source link
The quiet start for FX erupted mid-week as Fed uncertainty dominated, culminating in Powell’s market-moving Jackson Hole speech Friday. Source link
Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation.Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September.Next week’s US docket includes Durable Goods, GDP, and the Fed’s preferred inflation gauge, the Core PCE Price Index.Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321.The day arrived and…
EUR/USD rallies nearly 1% as Powell signaled policy flexibility and acknowledged downside risks in the US labor market.Traders boosted odds of a 25 bps Fed cut in September to 90%, up sharply from 72% on Thursday.Outcome hinges on Core PCE, CPI, and Nonfarm Payrolls before September, with risks skewed toward inflationary pressures.EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%.Market participants began to price in a Fed rate cut in…
The Dow Jones shattered price records on Friday, hitting above 45,700 for the first time ever.Equities and general risk appetite soared after Fed Chair Powell made a dovish appearance.A September rate cut looks like a sure thing, bolstering general market sentiment.The Dow Jones Industrial Average (DJIA) soared to new all-time highs on Friday, testing above 45,700 for the first time since the index’s inception. The Dow Jones soared over 900 points in a single day as investors piled ferociously back into bullish bets, as a September interest rate cut looks to be in the bag.The Dow Jones is once again…