Author: FX
Commonwealth Bank expects the RBA to raise rates in March and May as rising energy prices and strong domestic data keep inflation risks elevated.Earlier:Summary:CBA expects the RBA to raise the cash rate in March and May, taking the rate to 4.35%.The outlook has shifted due to higher oil prices linked to the Middle East conflict.Inflation is already above target and expected to rise further due to energy costs.The Australian economy is running above capacity, with GDP growth around 2.6%.The unemployment rate remains low at 4.1%, indicating a tight labour market.CBA expects trimmed-mean inflation around 0.9% in Q1 and 0.8% in…
AUD/USD is having trouble making fresh March highs! Will the recent bearish candlesticks trigger a pullback toward key retracement levels? We’re taking a closer look at the 4-hour time frame: AUD/USD 4-hour Forex Chart Faster with TradingView Hawkish remarks from RBA Governor Bullock and Deputy Governor Hauser have helped lift the Australian dollar over the past few days. The U.S. dollar has held its ground but still gave up some pips to the Aussie as markets leaned toward cautious risk-taking. Now AUD/USD is hovering near a key resistance zone, and Friday’s U.S. NFP release, along with geopolitical headlines later in…
The MT4 Correlation Indicator solves this by displaying real-time correlation coefficients between currency pairs right on your charts. It measures how pairs move together (or against each other) over a specified period, giving traders the data they need to avoid conflicting positions and identify genuine trading opportunities. What the MT4 Correlation Indicator Actually Measures This indicator calculates the statistical correlation between two currency pairs using the Pearson correlation coefficient. The output ranges from +1.0 to -1.0, where values near +1.0 indicate pairs that move together, values near -1.0 show inverse relationships, and numbers around zero suggest no meaningful connection. The…
The U.S. Consumer Price Index rose 0.3% month-over-month in February 2026, meeting consensus expectations and holding the annual inflation rate steady at 2.4%, according to data released Wednesday by the Bureau of Labor Statistics (BLS). However, the broadly in-line report was immediately overshadowed by the ongoing U.S.-Israel war on Iran, which has sent oil prices surging and raised fears that inflation could move sharply higher in the months ahead. Key Takeaways Headline CPI held steady at 2.4% year-over-year, matching forecasts and unchanged from January Core CPI (ex-food & energy) rose 0.2% monthly — a deceleration from January’s 0.3% — and…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears. The war between its neighbor Iran and the US and Israel escalates, boosting oil prices. Reuters reported that three more vessels have been hit by projectiles in the Strait of Hormuz. That brought the number of ships struck in the region to at least 14 since the Iran war began.Analysts said the International Energy Agency’s (IEA proposal for a…
Management expects backlog to surpass $100 million soon, with optimism based on additional expected contract awards, normalization of OpEx after investments, and a confident outlook on converting new wins into predictable growth, although risks remain from margin pressure and program timing shifts. Source link
Geopolitical tensions surrounding the U.S.-Iran conflict and the Strait of Hormuz dominated Wednesday’s trading session, keeping oil prices elevated despite the IEA’s record-proposed release of strategic reserves and sending Treasury yields sharply higher as traders priced in renewed inflation risk. U.S. equities churned but closed negative as rising energy costs and bond market pressure offset a broadly in-line February CPI report, while the U.S. dollar closed as one of the day’s best-performing major currencies, gaining against all counterparts except the Australian dollar. Check out the forex news and economic updates you may have missed in the latest trading session! Forex…
U.S. equities finished mixed, with the NASDAQ posting a modest gain, while the Dow Jones and Russell 2000 declined. The S&P 500 ended slightly lower. Key takeaway:Energy stocks led the market, boosted by the surge in crude oil prices, while technology also added support. On the downside, consumer discretionary and financial shares lagged, reflecting caution as yields rise and geopolitical risks remain elevatedMajor IndicesDow Jones Industrial Average: 47,417.27 (-0.61%)S&P 500: 6,775.80 (-0.08%)NASDAQ Composite: 22,716.13 (+0.08%)Russell 2000: 2,542.90 (-0.20%)Looking at the components of the S&P, 3 of the 11 components rose led by Energy. The losing sectors of the S&P included.Several…
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar (USD). At the time of writing, the pair trades near 0.7800.USD/CHF Price Forecast: Technical outlookFurther consolidation lies ahead, even though buyers pushed USD/CHF to a fresh two-day high past 0.7800. Nevertheless, momentum continues to favour sellers as buyers have remained unable to clear key resistance at 0.7817, the latest cycle high.The Relative Strength Index (RSI) shows that bulls are gathering some strength, outweighing bears.With that said, USD/CHF must finish…
YieldMax™ GOOGL Option Income Strategy ETF declares $0.0871 dividend Source link