New Fed Chair: Time For a Hike? – Orbex Forex Trading Blog

The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP expected to remain unchanged Canada’s GDP for July is expected at 0.1% m/m, unchanged from June. The economy managed a respectable gain of 2.1% y/y in the second quarter but…

A liquidity indicator measures the concentration of buy and sell orders at various price levels. Unlike traditional volume indicators that show historical activity, liquidity tools attempt to visualize where orders are stacking up right now. For MT4 users, these indicators typically analyze tick data, order flow patterns, or calculate derived metrics from price movement and…

The S&P 500 index (US SPX 500 mini on FXOpen) started the week by reaching a fresh all-time high. As shown on the chart, the index hit 6,210 points earlier this morning. In addition to a reduced risk of US involvement in a large-scale war in the Middle East, market optimism has been fuelled by:→…