Author: FX
The Mexican Peso has made losses in line with the established trend ahead of the Banxico meeting on Thursday. Most analysts expect a moderate 0.25% cut to the central bank’s cash rate. USD/MXN steadily climbs within its rising channel, solidifying the overall bullish bias. The Mexican Peso (MXN) seesaws between tepid gains and losses in its major pairs on Thursday, ahead of the Bank of Mexico (Banxico) September policy meeting scheduled for 19:00 GMT. Given changes in interest rates can have the high impact on exchange rates, this is likely to be the most important event for the currency this…
UNITED NATIONS/BEIRUT/JERUSALEM (Reuters) – Lebanese Prime Minister Najib Mikati has expressed hope that a ceasefire can be reached soon to end fighting between Israel and Iran-backed Hezbollah that has shaken his country and raised fears of a ground invasion. But there was no let-up in violence. Israeli airstrikes overnight hit around 75 Hezbollah targets in the Bekaa Valley and southern Lebanon, including weapons storage facilities and ready-to-fire launchers, the Israeli military said on Thursday. In the latest deadly strike, at least 23 Syrians, most of them women and children, were killed when Israel hit a three-story building in the Lebanese…
Prior -22.0; revised to -21.9The reading is an improvement to the month before. However, in the grand scheme of things, German consumer sentiment remains depressed mostly. GfK notes that:”After the sever setback in the previous month, the slight improvement in consumer sentiment can be interpreted as stabilisation at a low level. The consumer climate has not made any progress since June 2024 so the slight increase cannot be interpreted as the start of a noticeable recovery.” Source link
Australian dollar buyers may be gearing up for action after a short downswing. Think AUD/USD is ready to extend its weeks-long uptrend? We’re taking a closer look at the 4-hour chart! AUD/USD 4-hour Forex Chart by TradingView Risk assets like the Australian dollar turned lower yesterday after a lack of fresh catalysts encouraged some traders to second-guess China’s latest monetary stimulus measures and price in their global growth concerns. The U.S. dollar, on the other hand, had a good Wednesday despite a light U.S. data calendar. The Greenback pulled back some of its weekly losses ahead of Thursday’s FOMC member…
Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 23,874.02 Pakistani Rupees (PKR) per gram, up compared with the PKR 23,841.90 it cost on Wednesday. The price for Gold increased to PKR 278,461.90 per tola from PKR 278,087.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 23,874.02 10 Grams 238,740.20 Tola 278,461.90 Troy Ounce 742,565.70 FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the…
It looks like WTI crude oil traders just can’t make up their minds! The energy commodity is still hanging out at its area of interest visible on the 4-hour time frame, as several inflection points span the region. Will the longer-term trend persist? WTI Crude Oil (USOIL) 4-hour Forex Chart by TradingView Worsening geopolitical tensions in the previous week lifted crude oil prices back up to the former support zone around the $72 per barrel mark, which held as resistance this time. After all, the spotlight seems to have shifted away from the Middle East conflict and back to global…
MEXICO CITY (Reuters) -After already battering Mexico’s Guerrero state, a strengthening Tropical Storm John is on track to turn back into a hurricane, the U.S. National Hurricane Center (NHC) said on Wednesday, hurtling back towards communities across the Pacific coast. John first made landfall on Monday at major hurricane strength, triggering flooding and landslides that crushed homes while leaving at least five dead. Its remnants brought intense rains across several states, home to major ports and beach resorts, before strengthening again. The storm moved back into the Pacific Ocean earlier on Wednesday and the NHC now forecasts John to again…
A lack of fresh catalysts attracted pullbacks and potential profit-taking among the major assets on Wednesday. Which market themes moved your favorite assets anyway? Let’s discuss! Headlines: Australia’s inflation is broadly cooler but still high in August BOJ core CPI remained at 1.8% y/y as expected in August Switzerland UBS economic expectations weakened from -3.4 to -8.8 in August BOE member Megan Greene favors a “gradual” approach to cutting interest rates as services inflation remains high and growth risks point to a higher long-term neutral rate China CB Leading Economic Index declined by 0.2% m/m in August after seeing steady…
Will the upcoming U.S. core PCE price index keep the Fed likely to ease monetary policy gradually or can the central bank’s preferred inflation measure tip the scales towards a more aggressive approach? Read on to find out what market analysts are expecting for this top-tier event and how it could affect USD trends. 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 Access to exclusive MarketMilk™ sections Plus More! Source link
The Market Facilitation Index, often abbreviated as MFI, acts as a volume-based technical indicator specifically designed for the MetaTrader 4 (MT4) platform. In essence, it gauges the market’s willingness to move the price in a particular direction by analyzing the relationship between price changes and trading volume within a given timeframe. Key Features of the MFI Here’s what makes the MFI stand out: Focus on Volume: Unlike traditional indicators solely focused on price, the MFI integrates volume data, offering a more comprehensive picture of market activity. Simplicity: The MFI’s calculation is relatively straightforward, making it accessible to traders of all experience levels.…