Author: FX
China expresses grave concern to WTO about Trump tariffs Source link
Ever found yourself clinging to a trade entry point, convinced the market will return to your “fair value”? Or perhaps you’ve been waiting for price to hit that perfect round number before pulling the trigger? You’ve likely fallen into the anchoring bias trap – one of the most costly psychological pitfalls in forex trading. Anchoring bias occurs when traders become excessively fixated on a specific reference point – a price, a level, an expert prediction – and make subsequent decisions based heavily on this “anchor” rather than responding to current market conditions. Our brains love reference points. But in the…
WTI crude oil weekly chartAs risk sentiment takes another knock, oil is one of the worst hit by the latest headlines here. WTI crude is now down to around $56 at its lowest levels since early 2021. At this point, there’s no need to pick at support levels for oil. OPEC+ didn’t help and a full-blown trade war between US and China is just sending things over the edge.The bleeding will stop when it stops. Until then, it’s pure carnage at the moment in the oil market.If anything, that is perhaps one silver lining for central banks at least. Source…
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00. In the longer run, oversold weakness has not stabilized; there is a chance for USD to drop below 145.00 again before the risk of another rebound increases, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.USD can drop below 145.00 again24-HOUR VIEW: “Yesterday, we were of the view that USD ‘is likely to trade in a range between 146.00 and 149.00.’ USD traded in a 145.95/148.12 range and closed at 146.28. While the decline in the early…
Facing calls to disarm, Hezbollah ready to discuss weapons if Israel withdraws, senior official says Source link
The Momentum Deviation MT4 Indicator is a valuable tool for traders looking to improve their market analysis. By focusing on momentum, it provides clear insights into market behavior, helping traders spot potential trend reversals or continuation patterns. In this article, we will dive into how the Momentum Deviation MT4 Indicator works, its advantages, and why it should be part of every trader’s toolkit. What Is the Momentum Deviation MT4 Indicator? The Momentum Deviation MT4 Indicator is designed to track and measure the strength of price movement, known as momentum, on a given market. Momentum in trading refers to the rate…
The meeting is to “discuss international financial markets” and will take place in a little under two hours from now. Expect there to be a joint statement after but probably one without much to read too much into. Besides that, this is surely another thing for them to discuss: This article was written by Justin Low at www.forexlive.com. Source link
The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 3.50%, marking its fifth consecutive rate reduction since beginning the easing cycle in August 2024. This decision followed three large 50bp cuts earlier in the cycle, including the substantial February 2025 reduction that brought rates to 3.75%. The central bank’s Monetary Policy Committee, now chaired by interim Governor Christian Hawkesby following Adrian Orr’s surprise resignation in March, cited several factors behind their decision: Inflation remains near the midpoint of the 1-3% target band at 2.2% The economy is slowly recovering from recession…
Gold price catches fresh bids on rising global trade tensions and recession fears.Bets for multiple Fed rate cuts weigh on the USD and support the precious metal.Rising US bond yields could act as a headwind ahead of FOMC meeting minutes. Gold price (XAU/USD) regains positive traction following the previous day’s failed attempt to surpass the $3,022-3,023 hurdle and retakes the $3,000 psychological mark during the Asian session on Wednesday. Persistent worries about escalating trade tensions and fears of a recession continue to prompt investors to take refuge in the traditional safe-haven bullion. Apart from this, bets for multiple rate cuts…
The CCI of Moving Average with Dynamic Signal Lines MT4 Indicator is a custom tool designed for use with MetaTrader 4 (MT4). It combines two powerful concepts: the Commodity Channel Index (CCI) and moving averages, both of which are essential for understanding market trends. The CCI measures the difference between a price and its average price over a given period. When the price is far from the average, it indicates overbought or oversold conditions. The Moving Average (MA), on the other hand, smooths out price data to identify trends over a specified period. By combining the CCI with dynamic signal…