Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever: Smart color calculation prevents “overflows”, making the color of the profile’s blocks change smoothly and gradually. Moreover, it is now possible to use a single-color profile. A PointMultiplier parameter lets you increase the size of the profile’s building blocks […]
Read moreThe Japanese yen started the trading week soft amid the seemingly improving market sentiment, but now the currency is trading above the opening level against its major peers. Traders woke up with a positive mood today due to the news that the summit between US and North Korean leaders may yet happen. On top of that, markets welcomed what seemed to be sort of a defeat of anti-euro forces in Italy. Yet […]
Read moreThe euro backed off to new lows after attempting to rally earlier today. European politics was the main driver for the currency. Italian President Sergio Mattarella vetoed the appointment of euroeskeptic Paolo Savona as a new economy minister, resulting in a surge of optimism among investors. Yet the positive sentiment was short-lived as Mattarella will likely face calls for impeachment and resignation from populist anti-establishment parties. Meanwhile, Spanish opposition parties called for a vote […]
Read moreASEAN Outlook Talking Points: Bank of Indonesia is to hike rates again in less than two weeks amidst weaker IDR USD losses this week on key local data may be a breather for MYR, SGD and PHP USD/PHP is struggling to push higher after breaking above resistance, can it hold? Just getting started trading the […]
Read moreTalking Points: Proposed auto tariffs announced days before metal and aluminum tariffs take effect on June 1st The US accounted for nearly 24% of all imported cars by value in 2016 Many EU members rely heavily on auto exports, suggesting a strong response may occur Auto manufacturers will also suffer if proposed tariffs take effect […]
Read moreWeekend Market Developments – Euro and Yen Gaps Illiquidity is taking its toll on the FX Markets at the beginning of this week’s session as we head into the US Memorial Day holiday. There were prominent gaps in the Euro and the Japanese Yen, both affected by a couple of notable weekend developments. For the […]
Read more