Author: FX

The Charles Schwab Corporation came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.59%. A quarter ago, it was expected that this company would post earnings of $1 per share when it actually produced earnings of $1.04, delivering a surprise of +4%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Charles Schwab, which belongs to the Zacks Financial -…

UoM Consumer Sentiment Index rose more than expected in July’s flash estimate.US Dollar Index extends its daily slide toward 98.00.Consumer confidence in the United States (US) improved in July, with the University of Michigan’s (UoM) preliminary Consumer Sentiment Index rising to 61.8 from 60.7 in June. This reading came in better than the market expectation of 61.5.The Current Conditions Index rose to 66.8 from 64.8 in this period, while the Consumer Expectations Index edged higher to 58.6 from 58.1.Other details of the survey showed that the 1-year Consumer Inflation Expectations declined to 4.4% from 5% in June and the 5-year…

USDCHF technicalsThe USDCHF pushed higher earlier this week, breaking above the 100-bar MA on the 4-hour chart (blue line) on Tuesday. Aside from Wednesday’s sharp dip on the “Powell will be fired” headlines, which quickly reversed, the pair has held above that MA support – keeping the buyers in play. On the topside, the price briefly broke above a swing area between 0.80388 and 0.8055 on Wednesday and again Thursday but stalled just below the 200-bar MA (green line), leaving upside momentum capped. That signalled a neutral bias as traders battle between MA levels. Today, the pair is trading lower…

Economists urge Chinese local govts to target consumption to drive growth Source link

Fundamental OverviewThe USD had a mixed performance this week following the US inflation data where the Core CPI and Core PPI missed expectations. The greenback has been stronger against the commodity currencies but not as much against the EUR or GBP. After the initial boost from the CPI release, we can say that it just went sideways. This might have to do with positioning since the “short US dollar” trade has recently become the most crowded trade and in such instances, it doesn’t take much to see strong unwinding. After all the data, the market pricing for the Fed went…

The Universal Trend MT4 Indicator simplifies complex market movements by showing visual trend direction using color-coded signals. Whether the market is going up, down, or staying flat, the indicator displays these conditions clearly on the chart. This helps traders avoid second-guessing their strategy and instead follow what the trend is doing. It’s especially helpful for those who trade on lower timeframes and need quick decisions. Works Across All Timeframes One major strength of this indicator is its flexibility. It works smoothly on all chart timeframes—from the 1-minute to the daily chart. That means scalpers, day traders, and swing traders can…

The Indian Rupee weakens against the US Dollar as traders pare Fed dovish bets.The delay in the US-India trade deal confirmation has kept the Indian Rupee on tenterhooks.US Retail Sales data for June beat estimates, rising by 0.6%.The Indian Rupee (INR) posts a fresh three-week low against the US Dollar (USD) on Friday. The USD/INR pair jumps to near 86.35, while the US Dollar holds onto gains near its immediate highs.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, clings to gains near an over three-week high around 99.00.The US…

Malaysia's economy grew 4.5% y/y in Q2, advance estimates show Source link

The Day Momentum MT4 Indicator is a technical tool built for MetaTrader 4 that measures the speed and strength of price movement over a trading day. It helps traders understand whether the market is gaining or losing momentum. The indicator uses a combination of historical price data and calculated momentum to provide a visual display of trend strength. For those trading intraday, this indicator gives an early signal of a trend’s continuation or potential reversal, making it especially useful during market open hours. Why It Matters in Day Trading In day trading, timing is everything. The Day Momentum MT4 Indicator…

The Wall Street Journal have a piece up on the data from Japan earleir. Data is here:The Journal is gated, but in brief:Japan’s core consumer inflation slowed to 3.3% year-over-year in June, down from 3.7% in May and in line with economist expectations.moderation was driven by a deceleration in energy prices, which rose 2.9%food prices (excluding fresh food) accelerated to 8.2%data offered some relief for the Bank of Japan, which remains cautious amid ongoing uncertainty around the global trade outlook. Despite elevated price levels, the BOJ is not expected to raise interest rates in the near term, particularly as policymakers…