Author: FX
ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate. After Friday’s sharp rates sell-off, he sees renewed pressure on regional FX, especially EUR/HUF, where long HUF positioning is being unwound.Geopolitics and energy risks hit CEE assets”On Tuesday, Hungary will release its February inflation, which is expected to fall to this year’s lows of 1.5% YoY, below both market and National Bank of Hungary expectations. Of course, this is old news after the start…
The USD is marginally lower against the CAD today, while the greenback is generally higher against most other major currencies.Earlier in the session, the USDCAD bottomed during the late European morning, reaching a low of 1.35242. That move tested a modest support zone between 1.35219 and 1.35316, where buyers stepped in and pushed the price higher.The subsequent rebound took the pair up toward the 200-bar moving average on the 5-minute chart (green line on the chart below). Importantly, the price has now tested that falling 200-bar MA twice, and on both occasions sellers have leaned against the level, limiting the…
US index futures are attempting to repair early weekly damage in the London session, but the broader backdrop remains fragile as last week’s sell-off and Middle East-driven oil risk keep downside pressure in focus.MacroStructure Index Futures Desk report — March 9, 2026Markets covered: Dow Futures (YM), S&P 500 Futures (ES), Nasdaq Futures (NQ)Method: Structure-first map using Market Profile/TPO, Volume Profile, and MacroStructure decision zones.Opening dashboardIndex futures are trading in recovery mode through the London mid-session after early weekly damage established during Asia trade. The broader backdrop, however, has not changed. This remains a market operating under continuation pressure from last…
Trump again presses Congress on voter bill, says he will not sign other legislation Source link
Prior -1.9%; revised to -1.0%The drag here also comes after a more positive revision to the December numbers, so keep that in mind. Still, German industrial output was much weaker in January amid a steeper drop in production in the manufacture of metal products (-12.4%). Looking at the breakdown, the production of consumer goods fell by 4.2%, the production of intermediate goods by 2.6%, and the production of capital goods by 1.6%.The year-on-year reading shows overall German industrial production dropping by 2.6% after adjusting for calendar effects. Source link
The Most Accurate Reversal MT5 Indicator operates on a simple but effective principle: it monitors both price movement and the 14-period RSI simultaneously, looking for divergences. When GBP/JPY pushes to a new high at 184.50 but the RSI reading comes in lower than the previous peak, that’s bearish divergence. The indicator flags this automatically with arrows or alert notifications right on your chart. What makes this different from manually watching RSI is the automation and accuracy. Most traders eyeball divergences and miss subtle ones or draw their trendlines inconsistently. This indicator eliminates that human error by using algorithmic comparison of…
Pound Sterling declines as US Dollar gains on increased risk aversionGBP/USD depreciates after registering modest gains in the previous session, trading around 1.3300 during the Asian hours on Monday. The pair weakens as the US Dollar (USD) gains on safe-haven demand amid escalating Iran war with no clear resolution in sight.Mojtaba Khamenei was named Iran’s new supreme leader just over a week after his father, Ayatollah Ali Khamenei, was killed in US-Israeli strikes, signaling that hardliners remain firmly in control of the country. Last week, US President Donald Trump said the appointment would be “unacceptable” and suggested that Washington should have…
If you’re new to trading, it’s easy to assume that all “safe-haven” currencies do the same thing when markets panic: they go up. Last week was a brutal reminder that they don’t. After the US and Israel launched Operation Epic Fury against Iran, killing Supreme Leader Ayatollah Ali Khamenei and triggering a widening regional conflict, traders rushed for safety. But the US dollar, Japanese yen, and Swiss franc didn’t move together. The franc surged to decade highs while the dollar rallied hard, and the yen actually slipped. That’s because safe haven flows aren’t one size fits all. The moves reflected…
Ukraine sent drone experts to protect US bases in Jordan, Zelenskiy tells NYT Source link
It’s a battle between the safe-havens! CHF/JPY is stuck in a holding pattern these days, as geopolitical tensions are keeping traders on edge. Which lower-yielding currency will dominate? CHF/JPY 4-hour Forex – Chart Faster with TradingView With the US-Iran conflict not showing any signs of simmering anytime soon, traders are still scrambling to safe-haven lower-yielding currencies like the franc and yen. However, the Swiss National Bank has recently warned that they are willing to intervene in the FX market if their currency appreciates too sharply. Meanwhile, Japanese officials appear more welcoming of yen strength, though there is political pressure on…