Author: FX

Nomura economists argue that the latest energy price surge will be a larger drag on Euro area growth than a persistent inflation shock. They stress weaker labour markets in Northern Europe, limited fiscal space, more spare capacity and slowing wage growth. These factors should dampen medium-term inflation, even as near-term price pressures and risks around expectations remain under close scrutiny.Growth hit outweighs lasting inflation risk”This time around that more widespread supply disruption does not exist, and while energy prices are elevated, they are less so than in 2022 (when oil prices remained above $100 almost consistently from the end of…

Full article on Econostream hereThe ECB’s Chief Economist, Philip Lane, argues that the Eurozone’s financial architecture is currently hindered by a shortage of euro-denominated safe assets. While the German Bund serves as the primary benchmark, its supply is too limited to satisfy global demand or provide the deep liquidity necessary for a truly autonomous monetary system. Lane suggests that the Eurozone needs a larger stock of common debt, jointly backed by member states, to fund public goods and strategic priorities like support for Ukraine. However, he acknowledges that expanding common debt requires significant political will and a commitment to fiscal…

The AUD/USD pair trades 0.25% higher to near 0.7170 during the European trading session on Wednesday. The Aussie pair gains as the Australian Dollar (AUD) outperforms its peers amid improved market sentiment. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the US Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.05%-0.12%-0.06%-0.11%-0.16%-0.37%-0.09%EUR0.05%-0.07%0.02%-0.04%-0.11%-0.32%-0.03%GBP0.12%0.07%0.09%0.03%-0.02%-0.24%0.04%JPY0.06%-0.02%-0.09%-0.08%-0.11%-0.34%-0.08%CAD0.11%0.04%-0.03%0.08%-0.04%-0.25%0.02%AUD0.16%0.11%0.02%0.11%0.04%-0.22%0.05%NZD0.37%0.32%0.24%0.34%0.25%0.22%0.27%CHF0.09%0.03%-0.04%0.08%-0.02%-0.05%-0.27% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian…

the MT5 Pip Counter Indicator is a technical tool built for the MetaTrader 5 platform that measures and displays pip movement on any currency pair or CFD instrument. Think of it as a live scoreboard for price action. Instead of eyeballing candle sizes or calculating distance between two price levels manually, the indicator does the math instantly and overlays the result on the chart. Most versions of this indicator display the pip distance between the current price and a reference point — that reference might be the daily open, a specific candle’s high or low, or even a custom price…

A new era of American monetary policy is taking shape, and what it means for markets is only beginning to come into focus. Source link

Even with the dollar’s recent slump, the yen is unable to get off the floor too as Japan continues to suffer heavily from the Middle East conflict. The closure of the Strait of Hormuz is hitting Asian countries hard and Japan is one to be impacted quite badly in all of this. That has already seen the country push for a release of emergency oil reserves, with a second round likely to follow next month.The fact that Japan relies so heavily on oil imports is a major dampener for the economy, not least with surging energy prices. That will feed…

With conflict skewing PMI data and the ECB staying cautious, Thursday’s PMIs test for stagflation risk, a temporary shock, or contraction. Source link

According to a report from The Wall Street Journal (WSJ), the United States (US) has suspended shipments of US Dollars (USDs) to Iraq, which were proceeds from Federal Reserve Bank of New York accounts against oil sales, in an attempt to cripple an Iran-backed military group in Baghdad.A cargo plane delivery of nearly $500 million was blocked by officials from the US Treasury Department.The US had already warned that it would halt the delivery of oil proceeds to Baghdad if it didn’t form the next government and arrest militia members for attacking the US embassy and troops in Iraq. Risk…

EUR/USD is attempting to reverse course from an earlier long-term downtrend, but geopolitical developments and eurozone flash PMI data pose risks. Source link

The Footprint Indicator MT5 tackles this blind spot head-on. It breaks open each candlestick and shows the actual volume traded at every price level, split between buyers and sellers. Instead of guessing who’s in control, traders can see it. That shift from assumption to observation changes how entries and exits get managed. Let’s break down exactly how this tool works and where it fits in a real trading plan. What Is the Footprint Indicator MT5? At its core, a footprint chart is an advanced volume visualization tool. Unlike traditional candlestick charts that show open, high, low, and close, the Footprint…