Author: FX
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 5,613.30 Philippine Pesos (PHP) per gram, up compared with the PHP 5,586.39 it cost on Wednesday. The price for Gold increased to PHP 65,472.48 per tola from PHP 65,158.58 per tola a day earlier. Unit measure Gold Price in PHP 1 Gram 5,613.30 10 Grams 56,133.00 Tola 65,472.48 Troy Ounce 174,587.00 FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the…
GBP/USD just turned lower from a major area of interest! Does this make the pair ready for a longer-term bearish reversal? Let’s get more clues from the daily time frame: GBP/USD Daily Forex Chart by TradingView In case you missed it, the U.K. just printed a cooler-than-expected CPI report in February. What’s more, the U.K.’s Office for Budget Responsibility (OBR) just halved its 2025 growth forecasts from 2.0% to 1.0% even as it raised its 2026 and 2027 growth estimates. Meanwhile, the U.S. dollar is making safe haven pips rain thanks to U.S. tariff uncertainties and a positive U.S. durable…
The Band Moving Average (BMA) indicator for MetaTrader 4 (MT4) addresses this issue by offering a unique, dynamic approach to trend analysis. In this article, we’ll explore how the BMA can enhance your trading strategy, providing a solution to common trading challenges. Understanding the BMA Indicator The Band Moving Average (BMA) is a popular technical analysis tool used by forex traders to identify price trends and potential entry or exit points. Unlike traditional moving averages, the BMA applies bands around the moving average line, providing a clear visual representation of price volatility. This feature allows traders to gauge market sentiment…
South Korea battles worst ever wildfires as death toll hits 26 Source link
Market players had another eventful day, as they juggled top-tier inflation releases and government budget announcements while tariffs jitters popped back in the scene. Data from the U.S. economy turned out mostly better than expected, but asset classes had mixed reactions to the numbers. Here are the latest headlines and economic updates you need to know. Headlines: Australia CPI for February 2025: 2.4% y/y (2.6% y/y forecast; 2.5% y/y previous) Japan Leading Indicators Index for January 2025: 108.3 (108.0 forecast; 108.3 previous) U.K. CPI for February 2025: 0.4% m/m (0.6% m/m forecast; -0.1% m/m previous); 2.8% y/y (3.0% y/y forecast; 3.0%…
Goldman Sachs is maintaining a constructive view on Chinese equities, citing “more fundamental upside” ahead, but cautions that the recent rally may soon lose momentum.In a note published Wednesday, the investment bank said it expects the bull market to slow in the near term, with profit-taking pressures likely to emerge as U.S.-China policy and geopolitical risks return to the forefront in the coming weeks.While the firm sees scope for continued gains supported by improving fundamentals, the note highlights the importance of navigating renewed macro and political uncertainty as investors reassess risk sentiment across the region.–China’s equity markets have rebounded sharply…
The Detrended Price Oscillator (DPO) MT4 indicator could help. This MT4 trading tool removes long-term trends. It shows hidden price patterns. By focusing on cyclical movements, the DPO helps traders find the best times to buy or sell. It helps clear up market noise. Use the DPO’s price cycle analysis to make better trading choices. Understanding the Basics of DPO Indicator The Detrended Price Oscillator (DPO) is a key tool in technical analysis. It helps traders spot short-term price changes by ignoring long-term trends. Let’s explore the DPO basics and its main parts. What is a Detrended Price Oscillator The…
US President Donald Trump will allow up to a one-month reprieve for auto parts imports from his proposed 25% automobile tariffs, per Reuters. The proclamation said that automobiles will be subject to the 25% tariff after 04.01 GMT on April 3, but auto parts will be subject to the tariffs on a date to be specified in a Federal Register notice, “but no later than May 3, 2025.”The proclamation noted that the duties “shall continue in effect unless such actions are expressly reduced, modified or terminated.” Market reaction At the time of writing, the USD/CAD pair is trading 0.24% higher on the day to…
Analysis-Trump turbulence stalls large pharma and biotech deals, bankers say 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…