Author: FX
The Consecutive Identical Candle MT4 Indicator automatically scans your chart for candles with the same open and close price or nearly identical bodies. Instead of manually checking each bar, the indicator marks these patterns clearly on your screen. This helps traders identify moments of price consolidation or market indecision—both of which can lead to strong breakouts or reversals. The tool works on all timeframes and currency pairs, making it useful for scalpers, swing traders, and long-term investors alike. Why Does It Matter Seeing consecutive identical candles can reveal a lot about what’s happening behind the scenes. These patterns often show…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The AUD/USD pair is trading around 0.6400, down 0.65% on the day.The US Dollar is seeing mixed movement as markets react to trade policy uncertainty and labor data.Investors await US GDP and NFP data this week for clues on the Federal Reserve’s policy direction.Market attention shifts to US job openings and the potential for a rate cut in June.The AUD/USD pair is struggling near the 0.6400 level as trade policy uncertainty continues to impact sentiment. Investors are awaiting critical data this week, including the US Nonfarm Payrolls (NFP) and GDP figures, which could influence the Federal Reserve’s (Fed) stance on…
Maiden Holdings (NASDAQ:MHLD) said on Tuesday that it has received all necessary approvals to combine with Kestrel Group. Maiden and Kestrel will become wholly owned subsidiaries of a newly formed Bermuda company, which will be renamed Kestrel Group. Following the closing of the transaction, Bermuda NewCo’s common shares are expected to be listed on the Nasdaq under the symbol “KG”. Source: Press Release Source link
Equities climb in choppy trade as earnings, data, tariffs gauged Source link
Major European indices ended the session with mixed results. Italy’s FTSE MIB led the way, rising 1.09%, supported by strength in auto and banking stocks. Reports suggesting auto tariffs may be less severe than expected helped lift sentiment, with notable gains from Stellantis (+4.0%) and Iveco (+2.3%). Banks also performed strongly, including UniCredit (+1.3%), Intesa Sanpaolo (+1.4%), Mediobanca (+3.6%), Monte dei Paschi (+2.7%), and Banca Generali (+2.2%).Elsewhere:As European traders wrap up for the day, U.S. markets are modestly higher. The Dow Jones leads with a 0.5% gain, while the S&P 500 is up 0.14% and the Nasdaq is slightly firmer…
EUR/USD faces slight pressure above 1.1400 as the US Dollar steadies, with investors seeking clarity on the US-China trade outlook.US Treasury Secretary Bessent has put the responsibility for the US-China trade progress on Beijing.ECB officials support the need for more interest rate cuts.EUR/USD trades lower around 1.1390 during North American trading hours on Tuesday. The major currency pair ticks lower as the US Dollar (USD) steadies despite escalating uncertainty about the trade outlook between the United States (US) and China. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gains to near 99.35.The comments from…
D. Lentz/iStock via Getty ImagesAluminum producer Norsk Hydro (OTCQX:NHYDY) -1.3% in European trading Tuesday after reporting a 76% jump in Q1 core profit on higher metal prices and currency gains that nevertheless missed analyst estimates. Q1 adjusted EBITDA rose to 9.52B Norwegian crowns from Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Canadian media projects that the Liberal party has won the general election, and Mark Carney has been confirmed as prime minister. The results have, however, been much narrower than implied by polls. Liberals are currently projected at 167 parliament seats, short of the 172 majority. That would mean that, as in the previous legislature, they will need to bring the New Democratic Party (7 projected seats) into a coalition government, ING’s FX analyst Francesco Pesole notesUSD/CAD remains below 1.390 and is primarily driven by US events”As we had anticipated, the Canadian dollar is not liking the news of a minority…