Author: FX

It was always going to be a tough one. Japan’s ministry of finance (MOF) know very well that they are going up against a striking fundamental backdrop that dictates the yen to be lower. With the US-Iran war still ongoing, there is no change to the fact that all the factors in play are pointing to a weaker currency.But in not wanting to let things slip from their grasp, they stepped in last week to shoot down USD/JPY after breaching the 160.00 level. And once they showed their hand, there is no turning back now.The moves last week did not…

Citing a source familiar with the matter, Reuters reported on Friday that Japan’s officials intervened in the foreign exchange market during holidays in early May, after having conducted Japanese Yen-buying operations on April 30.The source said: “The intervention since the start of May was timed to coincide with the holiday period, when market liquidity was thin.”Reuters calculated the Bank of Japan’s (BoJ) money market data, which suggests that Japan may have spent as much as JPY5 trillion or $32 billion in the period between May 1 and May 6.Meanwhile, the April 30 intervention may have cost around $35 billion, according…

EUR/GBP has formed lower highs and found support around .8620 to create a descending triangle pattern. Is another move back to the resistance due? Source link

The HTF Power of Three Indicator MT5 tackles this exact problem. It brings higher timeframe market structure directly to your trading chart, eliminating the need to constantly flip between different periods. By visualizing where institutional money is likely positioned and which phase of the market cycle you’re in, this tool helps traders align their positions with the dominant trend rather than fighting it. What is the HTF Power of Three Indicator? This indicator applies the Power of Three methodology across multiple timeframes simultaneously. For those unfamiliar, Power of Three refers to the three distinct phases markets move through: accumulation (consolidation),…

Deutsche Bank warns markets are pricing the Iran conflict inconsistently across equities, rates and credit, with long-run inflation faith looking increasingly difficult to sustain. Summary:Deutsche Bank notes a clear repricing across markets since the Iran conflict began, but identifies significant inconsistencies across asset classes and regions, according to the bank’s research noteUS Treasury yields have closely tracked oil prices since the conflict began, but equities diverged after an initial correlation, with equities appearing to price in a temporary shock while rates markets price in a more protracted conflict, per Deutsche BankCentral bank pricing is described as inconsistent on a relative…

Markets whipsawed Thursday as Iran deal skepticism returned, sending oil on a sharp intraday swing and pulling equities from record highs while the U.S. dollar recovered. Source link

The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trades at 17.27 after testing a low of 17.19.USD/MXN rebounds after Banxico signals pause, Middle East risks riseMarkets’ sentiment swung from strong optimism to pessimism as the US launched attacks on several targets in the Strait of Hormuz, according to a US official, as reported by Axios’ Ravid. In the meantime, Iran’s top military command said that the US violated the ceasefire, targeting…

IQVIA Holdings (IQV) on Thursday announced that its board of directors authorized the repurchase of an additional $2 billion of IQVIA’s common stock under IQVIA’s existing equity repurchase program, bringing the total remaining authorization to $3.2 billion. Press release Source link

Al Jazeera is saying a US official told them that reports about preparation to resume Operation Freedom to reopen the Strait of Hormuz are incorrect“Operation Freedom” (sometimes also referred to in reports as “Project Freedom”) is the Trump administration’s military-backed effort to reopen and protect commercial shipping through the Strait of Hormuz after Iran disrupted traffic through the critical oil chokepoint. The operation reportedly involves U.S. naval escorts, fighter aircraft, missile defense systems, and coordination with Gulf allies to help commercial ships move safely through the region. For oil prices, the impact depends on how the market interprets the operation:Initially…

The New York Federal Reserve (Fed) released its Survey of Consumer Expectations for April on Thursday, which showed that American households expect prices to rise in the short term. For the medium- to long-term horizon, inflation expectations were unchanged.The poll showed that inflation is expected to be 3.6% ahead over the next 12 months, up from March’s 3.4%. For a three- and five-year period, expectations remained unchanged at 3.1% and 3%, respectively.The survey showed that households expect lower gas prices, following March’s spike to 9.4%, tied to the energy shock suffered by the Iran war. Regarding personal finances, Americans held…