Author: FX

Canada’s latest headline Consumer Price Index (CPI) dropped to 1.8% in February, landing a couple of notches below the Bank of Canada’s 2% target for the first time in years. Mission accomplished, right? Not quite. Behind that tidy number is a cocktail of tax distortions, stale data, and a geopolitical shock already rewriting the inflation outlook in real time. Here’s what’s actually going on and what it means for the Canadian dollar. Headline vs. Core: What’s the Difference? Before diving in, it helps to understand the two main ways inflation gets measured. Headline inflation is the “everything” number. It captures…

EUR/JPY has formed lower highs and higher lows inside a symmetrical triangle pattern on its 4-hour time frame. Price is testing resistance and could be gearing up for a breakout soon, but which way will it go? Check out these potential targets in either direction! EUR/JPY 4-hour Forex – Chart Faster with TradingView With the European Central Bank and Bank of Japan lined up to announce their monetary policy decisions later this week, it’s no surprise that EUR/JPY is stuck in a holding pattern. After all, the BOJ has already started its tightening cycle, while rate hike expectations have recently…

The MT5 moving average crossover indicator cuts through this noise. It’s not magic, but it provides objective entry and exit signals based on price momentum shifts. When a faster moving average crosses above or below a slower one, you get a visual cue that trend direction might be changing. That simple crossover event has helped traders identify trends for decades, and MT5’s built-in tools make it accessible to anyone. Let’s break down how this indicator actually works and where it fits in your trading arsenal. What Makes the Moving Average Crossover Work At its core, the moving average crossover uses…

Projectile hits near Iran’s Bushehr nuclear plant, raising risks without immediate damage.Summary:IAEA says a projectile struck the Bushehr nuclear power plant siteNo damage to the facility and no injuries reportedStrike occurred near, not within, critical nuclear infrastructureBushehr is Iran’s only operational nuclear power plantIncident highlights rising risk to nuclear facilities amid conflictAdds to geopolitical risk premium despite no immediate escalationA projectile struck the premises of Iran’s Bushehr nuclear power plant on Tuesday evening, according to the International Atomic Energy Agency (IAEA), marking a concerning escalation in the proximity of military activity to critical nuclear infrastructure. Iranian authorities informed the agency…

The Pound Sterling edged higher for a second session as traders brace for Wednesday’s Fed hold and Thursday’s BoE rate decision.The Fed is expected to hold rates at 3.50% to 3.75% on Wednesday as the Iran conflict clouds the rate outlook.The BoE is widely expected to hold at 3.75% on Thursday in a 7-2 vote after the Iran-driven energy shock slashed March rate cut odds.GBP/USD rose about 0.3% on Tuesday, gaining ground for a second consecutive session and trading around 1.3360. The pair has found a floor between 1.3250 and 1.3300 after sliding to a three-month low close to 1.3220…

US securities regulator issues long-awaited crypto guidance Source link

Markets staged an unusual double advance on Tuesday as equities and crude oil climbed in tandem for the first time since the US-Iran conflict began, suggesting traders may be attempting to look past near-term energy disruptions while positioning cautiously ahead of the Federal Reserve’s rate decision on Wednesday. The dollar extended its retreat for a second consecutive session, Treasury yields fell, and the Australian dollar clawed back to pre-war levels following the Reserve Bank of Australia’s narrow rate hike. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines &…

The pound is trading at the highs of the day as the US dollar gives back most of the big rally on Friday.The market is beginning to take a more-constructive view on the duration and impact of the Iran war, though it’s certainly a subject to change on any given headline.In the past few minutes, video of a drone hitting (or near) the US embassy in Baghdad was published. It showed a large explosion that undermines the idea that Iran’s military has been wiped out. Iran’s parliamentary speaker Qalibaf also said the Strait of Hormuz situation won’t return to the…

Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso. A deeper BCB rate-cut cycle, softer Brazilian growth, election-related uncertainty and potential challenges to central bank independence contrast with more cautious Banxico easing and possible support from a favourable USMCA outcome for Mexico.Diverging policy cycles and political risks”For the coming months, there are several reasons why we expect the Mexican peso to continue catching up against the Brazilian real:””While the Banco Central do Brasil (BCB) is likely to cut its interest rates by well over…

Trump says US will leave Iran operation in ’very near future’ Source link