Author: FX
NZD/CHF broke below its ascending triangle support! Can a pullback to this area still attract more sellers to sustain the potential selloff? Source link
The MT4 gap indicator scans for a price difference between one candle’s close and the next candle’s open. When that difference crosses a defined pip threshold, the indicator draws a visual zone on the chart – typically a shaded rectangle – highlighting the unfilled gap. This sounds simple, and it is. But the value isn’t in detection. It’s in memory. Unlike manual markings that disappear when a chart gets reloaded, the indicator persists across sessions. It tracks which gaps have been filled and which haven’t. Some versions color-code open gaps differently from closed ones, so traders can see historical fill…
AUD/CHF momentum appears to be fading, but price action around nearby support could decide whether the next move turns lower. Source link
Australia’s flash composite PMI fell to 47.8 in May from 50.4 in April, signalling the second contraction in three months, as new orders dropped at the fastest pace since September 2021, per S&P Global.Summary: S&P Global Flash Australia PMI release, May 2026The headline composite PMI output index fell to 47.8 in May from 50.4 in April, the second sub-50 reading in three monthsServices business activity dropped to 47.7 from 50.7;Manufacturing PMI eased to 50.2 from 51.3, with the output index unchanged at 48.5 for a fourth consecutive month of contractionNew orders fell at the fastest pace since September 2021, with…
The Euro (EUR) seems to have bottomed below 1.1600 and edges higher on Wednesday amid growing speculation of a US-Iran deal and a hawkish Federal Reserve (Fed) outlook at April’s monetary policy meeting. At the time of writing, EUR/USD exchange rate is trading at 1.1622, up 0.19%.EUR/USD rises as softer oil offsets hawkish Fed minutesSentiment improved on news that the US is about to get a deal with Iran. US President Donald Trump said that negotiations were in the final stages, but warned Iran that failing to reach a deal would open the door for attacks on the Islamic Republic.Oil…
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: investingLive is not an investment advisor, investingLive provides references and…
A Bloomberg article revealed that US crude stockpiles plunged, as Oil exports began to empty domestic supply inventories.The Middle East conflict increased demand for Oil produced in the US, triggering a decline of 17.8 million barrels, its lowest level in nearly a year, according to the US Energy Information Administration.Worth noting that US Oil exports prevented a spike in crude prices. Recent data revealed that the US turned to a net exporter for the first time on record. Overseas crude shipments have averaged 5.3 million barrels per day this month and, if that pace continues, would set a new record.The…
The USDCAD has been climbing steadily since bottoming on May 1, with buyers consistently stepping in on dips near the rising 100-hour moving average. Earlier in the Asian session today, the pair tested that key technical level once again and rebounded, pushing to its highest level since April 15 before running into sellers and rotating back lower.The pullback now has traders focused once again on the rising 100-hour moving average at 1.37457. As long as the price stays above that level, the buyers remain in short-term control. A break below it would not necessarily shift the bias fully to the…
TD Securities’ Global Strategy Team expects the April FOMC minutes to clarify how many participants backed removing the easing bias and how divided the committee was after several hawkish dissents. They argue that strong CPI and payrolls since April have shifted momentum toward hawks and support their call for a formal bias change at the June meeting.FOMC minutes to detail bias debate”The April FOMC minutes will shed more light on the discussion around changes to the statement’s easing bias.””Based off recent Fedspeak, we believe “many” participants supported dropping the bias — for which three voting members dissented.””Although the strong CPI…
ablokhin/iStock Editorial via Getty Images British retailers are pushing back against a government proposal to introduce voluntary price caps on essential groceries, with Marks & Spencer chief executive Stuart Machin calling the idea “completely preposterous,” according to the Financial Times. The proposal, first reported by the Source link