Author: FX
The Fed held rates but the hawkish dot plot did the damage: the dollar broke out, gold and Bitcoin fell, and Iran kept oil on its own track. Source link
Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon.The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: “Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized.”This is a developing story; more to come. Source link
Iran’s Khatam-al Anbiya HQ announced that the Strait of Hormuz will be closed to all maritime traffic. The military headquarters cites US breaches of the war-ending deal and ongoing Israeli ceasefire violations, along with the non-withdrawal in Lebanon. They warned this is only the “first step.” The Revolutionary Guard put out a similar statement yesterday.There is an under-discussed risk that Iran wants to keep fighting. They have this tremendous leverage right now with Trump openly admitting that the oil situation would get very bad in four weeks. They may also sense that the US will never stay in the current…
Spanish PM’s wife must stand trial on corruption charges, judge rules Source link
The Best Entry Indicator MT4 is a custom technical tool designed to pinpoint optimal buy and sell positions on the chart. It typically combines multiple indicators—such as moving averages, momentum oscillators, and volatility filters—into a single visual signal. Most versions display arrows, dots, or colored zones directly on the chart. A buy arrow may appear when bullish conditions align, while a sell arrow shows when bearish pressure builds. Unlike basic indicators like a simple moving average, this one acts more like a confirmation tool. It doesn’t just follow trend direction; it attempts to catch the moment when momentum begins to…
Australia vows to rein in any H5N1 birdflu after confirming first case Source link
The Buy Sell Arrow Indicator No Repaint MT4 is a technical tool designed to mark potential entry points directly on the chart using arrows. A buy arrow appears below the candle, while a sell arrow shows above it. The key feature here is “no repaint,” meaning once the signal appears, it stays there permanently. Unlike standard arrow indicators that adjust past signals based on future price action, this one locks signals after candle close. That makes backtesting more realistic and helps traders trust what they see in real-time. Most versions of this indicator rely on a mix of trend-following and…
Brent is back near $80 and West Texas Intermediate near $77, which means the Oil market has handed back almost the entire premium it built over nearly four months of open war with Iran. The tape is treating this week’s US-Iran memorandum as a finished peace: Blockade lifted, Strait of Hormuz reopening, Iranian barrels cleared to sell, equities at a record high while the President takes a victory lap on falling pump prices. The problem is that the market ran this exact trade in April, priced the all-clear inside a single session, and got run over within hours when the…
The textbook calls the Canadian Dollar a petro-currency, which means that with a Middle East war keeping Crude Oil bid, the Loonie should be holding its own. Instead it spent this week sliding to a fresh 14-month low against the Greenback, capping a run in which the US Dollar has closed higher in six of the last seven weeks. The textbook is wrong, at least for now: the Loonie has quietly stopped trading like a Crude Oil proxy, with its weakness driven by two forces that have nothing to do with the price of a barrel.A petro-currency in name onlyFor…
The Euro did something this week that ought to be impossible: it fell in the same fortnight the European Central Bank (ECB) delivered its first interest rate hike since 2023. EUR/USD slid to a fresh multi-week low near 1.1400 before clawing back to a tentative floor around 1.1450; the lesson is that not every rate hike is a vote of confidence. The ECB tightened because an energy shock forced its hand, not because the eurozone economy is firing. That distinction is why the single currency cannot turn a hawkish central bank into a rally.A hike that smells like surrenderLook at…