Author: FX

Amid a better risk mood so far this week, the dollar has also struggled a fair bit. The fate of the currency seems tied to oil prices, which are also losing a bit of traction despite WTI crude keeping above $90 levels. Likewise, the dollar might still be trading well higher compared to where we were at the start of the month but is the momentum starting to wane?Well, things are certainly heating up as we get into European trading later with these two key charts to keep an eye out for. The first being EUR/USD as it ramps back…

Gold prices fell in Philippines on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 9,548.03 Philippine Pesos (PHP) per gram, down compared with the PHP 9,588.20 it cost on Tuesday.The price for Gold decreased to PHP 111,366.40 per tola from PHP 111,834.90 per tola a day earlier.Unit measureGold Price in PHP1 Gram9,548.0310 Grams95,480.49Tola111,366.40Troy Ounce296,977.20FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…

Alvopetro Energy Non-GAAP EPS of $0.15, revenue of $15.8M Source link

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 &…