Author: FX

Markets widely expect the Fed to hold interest rates steady in January, as the benchmark rate settles into what many officials now view as neutral territory. How might the U.S. dollar react to the event? Here are points you should know if you’re trading the FOMC’s January policy updates! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

EUR/USD is expected to continue its upward trajectory, closing at 1.1879. The report notes that while there is scope for further gains, the major resistance at 1.1920 is likely out of reach for now. The next support levels are identified at 1.1855 and 1.1830. UOB Group Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann notes..EUR likely to rise further”24-HOUR VIEW: EUR soared last Friday. Yesterday, we indicated that “while the sharp rally appears overstretched, there is a chance for EUR to test last year’s high, near 1.1920.” We noted that “the 1.1900 level is likely to provide…

Thai finance ministry maintains 2026 growth forecast at 2.0% Source link

Trend traders gather ’round! AUD/JPY’s recent downswing took the pair to a MAJOR area of interest for AUD/JPY buyers. Think the pair would find support from its current levels? AUD/JPY 4-hour Forex Chart by TradingView Late last week, currency intervention threats from both Japanese and U.S. officials pushed traders back into the yen. USD/JPY took the brunt of the move, but yen crosses like AUD/JPY were hit hard as well, even with the Australian dollar getting mild support from gold pushing to fresh record highs near $5,000. But that was last week. With no new jawboning from officials and attention…

The Bank of Canada (BOC) is widely expected to keep rates on hold for the time being, but will they drop hints about their policy outlook this time? Economic data from Canada has been showing signs of improvement lately, particularly in the labor market, possibly giving the BOC some reason to be optimistic. Here’s what to look out for. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

Micron is poised to expand memory chip production in Singapore as global shortages intensify amid surging AI-driven demand.Summary:Micron plans new memory chip investment in SingaporeExpansion driven by global memory shortage and AI demandSingapore already produces most of Micron’s flash memoryRivals Samsung and SK Hynix also accelerating capacitySupply shortfall may persist through late 2027Micron Technology is set to announce a new memory chip manufacturing investment in Singapore, expanding capacity as global industries grapple with an acute shortage of memory chips, sources familiar with the matter told Reuters.The investment is expected to be announced as soon as Tuesday, with one source saying…

The Spike Detector monitors price movement velocity within a defined period. Unlike standard momentum indicators that track directional strength over time, this tool focuses on the rate of change, how fast the price is moving relative to recent behavior. Here’s how it works: The indicator calculates the difference between the current price and the price from X bars ago, then compares this value against the average movement for that same period. When price acceleration exceeds a predetermined threshold (usually 150-250% of normal movement), the indicator triggers a signal. Think of it as a speedometer for your chart. Most of the…

GBP/USD caught a halting bullish step higher to open the new trading week, knocking on the 1.3700 handle for the first time since September. The Trump administration threatened additional tariffs on a number of European nations if they don’t give over control of Greenland to the US, but markets continue to bank on the usual turnaround on trade war rhetoric from the White House.UK data remains strictly low-tier this week, with the Federal Reserve’s (Fed) latest interest rate decision standing as the week’s key event. The Fed is broadly expected to stand pat on interest rates, but investors will be…

Axios is out with an interview with Trump and it’s starting to sound like an attack on Iran is getting more likely.Trump came close to ordering a strike on regime targets in Iran earlier this month over the killing of thousands of protesters. Instead he delayed the decision while also moving military assets to the regionSome reports say the strikes were delayed at Netanyahu’s urging. The report cites sources that Trump hasn’t a decision but the USS Abraham Lincoln entered the region today.”We have a big armada next to Iran. Bigger than Venezuela,” Trump said.There is still a diplomatic option…

The U.K. December CPI report came in slightly better than expected, briefly spurring pound rallies before overall risk aversion overshadowed fundamentals on worsening EU-US tariffs tensions. Which GBP strategies moved beyond the watchlist stage, and how did shifting overall market sentiment impact the outcomes? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page…