Author: FX
USD/CAD trades in a narrow range near 1.3960 on Friday, showing muted price action.Canada’s manufacturing sales fell 1.4% in March, less than what economists had expected.The US Dollar Index holds above 100.00 after Thursday’s mixed US economic data.USD/CAD is trading flat around 1.3960 at the time of writing on Friday, showing little to no directional bias as the pair remains confined within a narrow weekly range. The Canadian Dollar (CAD) has lost momentum after reaching a five-month high of 1.3750 on May 6, with the pair now hovering above its 21-day Exponential Moving Average (EMA), while the 50-day EMA near…
STAAR Surgical Company (NASDAQ:STAA) said its board has authorized a share repurchase program under which the company may repurchase up to $30 million of its outstanding common stock. The firm is looking to finance the buybacks with cash on hand and cash generated from operations. The company added that as of March 28, it had $222.8 million in cash, cash equivalents and investments available for sale and no outstanding debt. Source link
EU readying new sanctions to increase pressure on Russia, von der Leyen says Source link
Economic growth may be 1% or 0.5% this year.Expect slower growth but recession isn’t in my outlook.May have to push against inflation pressures from tariffs.US-China de-escalation changes my outlook ‘a little’.Bostic has been a hawk for quite some time and he’s not a voter this year. Nonetheless, this might be the next thing the market will need to price in, that is inflation risk and therefore scale back further the rate cut bets. “May have to push against inflation pressures from tariffs” – is he suggesting a rate hike here? This article was written by Giuseppe Dellamotta at www.forexlive.com. Source…
The Dsl DMI Oscillator is an advanced version of the Directional Movement Index (DMI). While the original DMI helps show trend strength and direction, this one goes a step further by smoothing the signals. “Dsl” stands for “Double Smoothed Line,” which means it filters out more noise from price action. This makes it easier for traders to see when a trend is gaining strength or about to reverse. It uses histogram bars and color-coded signals to give a quick visual of what’s happening in the market. Why Traders Prefer This Indicator One reason traders like this indicator is because of…
AUD/JPY may depreciate as the Japanese Yen strengthens, shrugging off weaker domestic data.Japan’s preliminary Q1 2025 GDP showed a 0.2% quarterly contraction and a 0.7% annualized decline.Stronger Australian jobs data prompted markets to dial back RBA rate cut expectations for 2025 to 75 basis points.AUD/JPY remains subdued around 93.20 during Asian trading hours on Friday, extending its losses for the third successive session. The currency cross has given up its daily gains as the Japanese Yen (JPY) appreciates despite weaker domestic data. Japan’s preliminary GDP data for Q1 2025 showed a quarterly contraction of 0.2%, compared to 0.6% growth in…
Proximar Seafood Q1 2025 presentation: Revenue surges despite ongoing production challenges Source link
Risk correlations appeared to break down again on Thursday, as crude oil took cues from geopolitical updates while dollar traders seemed more wary of weak PPI data and the U.S. budget bill. The focus shifted to Iran moving closer to possibly signing a nuclear deal with the U.S. in exchange for sanctions being lifted, but the market optimism fizzled as the day went on. Here are headlines you may have missed in the last trading sessions! Headlines: NBC News reported that Iran is ready to sign a nuclear deal with the U.S. according to a top adviser to Iran’s supreme…
I’ll be interested in his take on today’s awful GDP number out of Japan:Japan Q1 GDp -0.2% q/q (expected -0.1%)If he addresses it!We might have to wait for any following Q&A. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Ultra ATR Scalping Tool is made specifically for traders who like fast-paced action. It uses the Average True Range (ATR) to measure market volatility and helps find the best spots to enter or exit trades. When the ATR rises, it signals more movement, ideal for scalpers looking to grab quick profits. This tool filters out noise and focuses only on meaningful changes in price action, so traders don’t waste time on weak setups. User-Friendly and Visual One of the best things about this MT4 indicator is how easy it is to use. It shows clear lines and signals on…