Author: FX

Remember that range resistance setup we spotted a couple of weeks ago? Well, USD/CAD has been sliding since then and is now heading toward a potential support zone. Let’s take a closer look at the 4-hour time frame for more clues: USD/CAD 4-hour Forex Chart Faster with TradingView A spike in crude oil prices had traders piling into the Canadian dollar earlier this month. The U.S. dollar has its own safe haven support, but the Loonie’s tight link to oil helped pull USD/CAD sharply lower over the past couple of days. This dynamic could shift in the next few sessions,…

This Loonie pair just busted though a major ceiling but appears to be stalling at another resistance level. Can it go for a correction to this area of interest? Check out these Fibonacci retracement levels on the 4-hour time frame! CAD/JPY 4-hour Forex: Chart Faster with TradingView Elevated Middle East tensions are still keeping crude oil prices strongly supported, along with the commodity-related Canadian dollar. However, whipsawing price action from the G7 discussion about tapping into emergency oil reserves has led CAD/JPY to stall from its recent run higher. Is it about to retest the former resistance or ready to…

Westpac now expects the RBA to hike rates in both March and May as policymakers respond to oil-driven inflation risks.Summary:Westpac now expects the RBA to raise the cash rate by 25bp in both March and May, revising its earlier forecast of a single hike.The projected terminal rate is now 4.35% under the bank’s updated outlook.The change reflects the inflationary impact of higher oil prices and signals from the RBA that it may act to prevent inflation expectations from rising.Westpac says a single hike remains possible, particularly if volatility escalates or the oil shock proves temporary.The bank still expects rate cuts…

The Islamic Revolutionary Guard Corps (IRGC) on Wednesday escalated its operations against the United States (US) and Israel. IRGC announced the start of targeting the enemy’s technological infrastructure in the region. Key quotesWe announce the start of targeting the enemy’s technological infrastructure in the region. Continuing Wave 37, the launch of new-generation Khorramshahr missiles towards US bases in the region. Market reaction At the time of writing, the West Texas Intermediate (WTI) is down 3.62% on the day at $82.20, retreating from over three-year highs of $113.28 reached earlier this week. Risk sentiment FAQs In the world of financial jargon the two widely…

The Strong Trend Indicator MT4 addresses this exact problem. It filters out market noise by measuring momentum strength across multiple timeframes, giving traders a clearer picture of when trends are worth trading versus when to stay flat. This tool won’t eliminate losing trades (nothing will), but it helps traders focus their energy on high-probability setups instead of chasing every price movement that looks promising at first glance. What Is the Strong Trend Indicator? The Strong Trend Indicator is a custom MetaTrader 4 tool designed to quantify trend momentum using a combination of moving average crossovers and directional strength calculations. Unlike…

G7 leaders will hold emergency talks later Wednesday on energy coordination as Middle East tensions push oil prices higher.Summary:French President Emmanuel Macron will host a video call of G7 leaders on Wednesday to discuss energy market impacts from Middle East tensions.The meeting is scheduled for 1400 GMT, according to the Elysee.Leaders will consider coordinated measures to stabilise energy markets.Canadian Prime Minister Mark Carney suggested the G7 could tap strategic oil reserves to offset rising prices linked to the Iran conflict.The discussion comes amid concerns that regional conflict could disrupt global oil supply and push prices higher.Leaders of the Group of…

Markets whipsawed through Tuesday’s session as escalating military tensions between the United States and Iran drove extreme volatility in oil prices, with crude plunging early in the U.S. session amid reports of potential strategic petroleum reserve releases even as President Trump warned Iran against mining the Strait of Hormuz. Equities struggled to find direction amid the energy market turbulence, while the U.S. dollar traded choppy before closing mixed but arguably net higher against most major currencies as geopolitical risk appetite fluctuated throughout the session. Check out the forex news and economic updates you may have missed in the latest trading…

Rivian Automotive (RIVN) is currently up around 7% on the day after the stock received several upgrades ahead of its new vehicle launch. Earlier in the session, the stock was up more than 10% before pulling back slightly. When I look at the technicals on RIVN today, the move higher is clearly being driven by increased optimism surrounding the company’s upcoming vehicle release and the positive sentiment from those analyst upgrades.For those unfamiliar with the company, Rivian Automotive is an electric vehicle manufacturer focused primarily on the adventure and outdoor vehicle market. The company went public in late 2021 and…

Moog prices $500M senior notes offering due 2034 Source link

Every Magnificent Seven stock is down in 2026. Microsoft has dropped 17%, Amazon is off 14%, and even NVIDIA has slipped 4.6%. Meanwhile, energy stocks are up 23% and materials have gained 18%. Money is flowing out of big tech. But next week could change the story. From March 16-19, NVIDIA hosts its GPU Technology Conference (GTC) in San Jose. Over 30,000 people from 190+ countries will attend, and CEO Jensen Huang’s keynote on Monday has become the most anticipated tech event of the quarter. Source link