Author: FX
“Don’t fight the Fed” is good advice — but what happens when a smaller central bank tries fighting everyone?” Source link
If you’re looking to trade a non-dollar pair these days, this potential reversal pattern brewing on the daily chart of EUR/GBP may be worth a look. Source link
The indicator scans price bars using a swing point detection algorithm. Here’s what happens behind the scenes: the tool identifies local highs and lows by comparing each bar’s high and low to surrounding bars within a specified lookback period. When two swing highs form within a price tolerance range (typically 5-20 pips depending on settings), the algorithm flags it as a potential double top. But detection alone isn’t enough. The indicator applies confirmation criteria to filter false positives. The two peaks must occur with sufficient separation—usually a minimum number of bars between them to avoid counting minor consolidation as patterns.…
The EUR/USD pair trades with mild gains around 1.1515 during the early Asian session on Monday. The stronger-than-expected US jobs data and heightened uncertainty in the Middle East boost demand for the US Dollar (USD) as a safe-haven. US President Donald Trump on Sunday appeared to set a new deadline for Iran to reopen the Strait of Hormuz on Tuesday. This came as Trump issued a profane message renewing threats to bomb power plants and other infrastructure if Tehran does not lift its effective blockade on the vital waterway.Iranian officials noted that Iran will reciprocate attacks on its infrastructure and target similar infrastructure owned…
Oil markets moved higher at the start of the week following the Easter holiday, as ongoing conflict between the U.S., Israel and Iran continued to disrupt global supply flows. Brent crude rose about 2% to trade above $111 a barrel, while U.S. West Texas Source link
The economic ripple effects of the Iran conflict are pushing mortgage rates higher, adding new pressure to the U.S. housing market even as conditions tilt in favor of buyers, the Associated Press reported Saturday. Rates on a typical 30-year mortgage Source link
Trump extends Hormuz deadline to Tuesday while escalating threats to destroy Iran’s core infrastructure, keeping pressure high but leaving a narrow diplomatic window.Summary:Trump sets Tuesday 8pm USET deadline for Iran to reopen Hormuz (WSJ reporting, gated)) Deadline effectively extended from Monday Threat escalates to full power grid + bridge destruction Tone extremely aggressive, despite ongoing talk signals Iran pursuing attritional strategy, domestic mobilisation rising Market focus: oil supply risk vs. short-term diplomatic window U.S. President Donald Trump has escalated pressure on Iran, warning that the country’s power infrastructure will be systematically destroyed if Tehran does not reopen the Strait of…
Iran downed US aircraft this weekend as the Hormuz deadline hits Monday 8PM ET — with CPI at 0.9% forecast and Core PCE arriving days later. Source link
Mon: Holiday: Easter Monday, Canadian Services/Composite PMI (Mar), US ISM Services (Mar), Australian Services/Composite PMI Final (Mar), Japanese Household Spending (Feb)Tue: EIA STEO (Apr), EZ/UK Services/Composite PMI Final (Mar), US ADP Employment Change Weekly, US Durable Goods Orders (Feb), US RCM/TIPP Economic Optimism Index (Apr), US Consumer Inflation Expectations (Mar)Wed: FOMC Minutes (Mar), RBNZ Policy Announcement (Apr), RBI Policy Announcement (Apr), Australian NAB Business Confidence (Mar), Japanese Economy Watchers Survey (Mar), German Factory Orders (Feb), UK Halifax House Price Index (Mar), French Balance Of Trade (Feb), EZ/UK Construction PMI (Mar), EZ Retail Sales (Feb), EZ PPI (Feb)Thu: Japanese Consumer Confidence…
The MT5 Horizontal Line Indicator aims to reduce that stress. Instead of guessing where support or resistance might be, traders use this tool to mark and manage key price levels with precision. It doesn’t predict the market. It organizes it. By making important levels clear and consistent, it helps traders stay disciplined, especially during volatile sessions like London open or major news releases. Here’s how this simple-looking indicator fits into real trading workflows and why many experienced traders keep it on their charts. What the MT5 Horizontal Line Indicator Is At its core, the MT5 Horizontal Line Indicator is a…