Author: FX
narvo vexarU.S. cannabis company Curaleaf Holdings (CURLF) on Tuesday formally launched its previously announced bid to acquire Aurora Cannabis (ACB), valuing its Canadian rival at $4.00 per share in a cash-and-stock deal. Aurora (ACB) shares added more than 20% last week Source link
Just a little catch up on things as we had some technical issues for a couple of hours. Apologies on that.Earlier at the start of the session, we had the UK labour market report for June (and July payrolls) out and the numbers showed the following:June ILO unemployment rate 4.9% vs 4.8% expected; Prior 4.9%June employment change 83k vs 129k expected; Prior 147kJune average weekly earnings +4.1% vs +4.0% 3m/y expected; Prior +4.4% (R)June average weekly earnings (ex bonus) +3.5% vs +3.4% 3m/y expected; Prior +3.4%July payrolls change -13k; Prior -13k (R)All in all, the trend continues to reaffirm some…
ING’s Chris Turner reports a firmer EUR/GBP after UK labour data, with economist James Smith highlighting a cool jobs market and minimal wage pressures, implying little impetus for Bank of England hikes this year. Sterling money markets still price 60bp of BoE tightening into next year, which Turner expects to be gradually priced out, with EUR/GBP biased toward 0.8570/0.8580.Jobs data temper BoE expectations”EUR/GBP has opened up a little firmer on the release of the latest jobs data.””Nothing particularly earth-shattering in the latest UK jobs figures. Payrolled employment is down a touch – though this masks big differences between government (which…
The Volume Price Trend Indicator MT4 gives traders another way to study that situation by combining price changes with volume data. Instead of looking at price alone, it helps show whether volume is generally supporting the current price direction. This can be useful when confirming breakouts, spotting weakening trends, or filtering questionable entries.The indicator isn’t a buy-or-sell machine, though. Forex volume is usually tick volume, so the readings don’t represent centralized market-wide transaction volume. That distinction matters. In practice, traders get better results when they use the indicator alongside market structure, support and resistance, and price action. The following sections…
A U.K. CPI miss could put EUR/GBP and GBP/AUD in focus, with both setups offering different ways to track Sterling. Source link
UKMTO report a vessel hit by a projectile while sailing out of the Strait of Hormuz. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The upcoming U.K. CPI release could reignite BOE tightening hopes if the numbers come in hotter than expected. Here’s what I’m watching on GBP/CHF and GBP/CAD in this scenario. Source link
Silver price (XAG/USD) declines after two days of gains, trading around $65.60 per troy ounce during the Asian hours on Tuesday. Silver prices fall as traders remain wary of potential inflation risks as prospects for a new diplomatic agreement between the US and Iran dimmed following statements from both sides.US President Donald Trump indicated he was not interested in extending the interim peace deal, citing the ongoing naval blockade of Iranian ports as evidence of Washington’s leverage and reiterating his proposal to declare the critical waterway as US territory under total American control. Iranian Foreign Ministry spokesman Esmail Baghaei asserted…
The MT Goodtrade 3 Indicator helps traders deal with this common problem by giving a clearer view of trend direction and possible price channels. Instead of chasing every move, traders can focus on areas where the market has a higher chance of continuing its current path. While no indicator removes risk, this tool can help reduce poor entries when used with solid price action and risk management.The sections below explain how the indicator works, how traders apply it in real market conditions, and where it performs well along with the situations where extra caution is needed.What Is the MT Goodtrade…
UBS stays constructive on equities as Fed hike case weakens on soft data !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link