Author: FX
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus. Key quotesCentral bank independence delivers better outcomes.Declines comment on political pressure facing the Fed.Inflation above target but not accelerating.Unemployment ticking up but remains contained.Businesses showing less appetite to pass through prices.Market reactionAt the time of writing, the US Dollar Index (DXY) is trading around 99.17, up 0.28% on the day. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has…
Here are the major earnings before the open Wednesday Source link
Article Highlights GBP/USD has slipped back toward a key support zone after a steady pullback. Downside momentum appears stretched, raising the possibility of near-term stabilization. The next few sessions may determine whether this move pauses or extends lower. In today’s session, GBP/USD has slipped back into a support zone where downside momentum has previously cooled. With the oscillator now flashing an oversold condition, traders may start watching for signs that sellers are losing control. The next few sessions should clarify whether this is a pause in the decline or just another leg lower. Let’s examine what this oversold signal may…
Wall Street falls with financials amid credit card rate plan concern Source link
The U.S. dollar is pushing higher, led by USDJPY, which is up 0.55% and once again setting the tone for the broader FX market. In the video above, I walk through the technical picture for USDJPY, GBPUSD, USDCHF, and AUDUSD, focusing on bias, risk, and targets.USDJPYUSDJPY is making another run above the January 2025 high at 158.86, extending beyond the key swing zone between 158.55 and 158.86. Earlier today, the market successfully tested the lower edge of that zone, giving buyers the green light to push higher.That swing area now becomes the risk level for longs — stay above it…
West Texas Intermediate (WTI) US Oil trades around $60.80 per barrel on Tuesday, up 2.45% on the day, extending a four-day bullish move. The US Crude Oil benchmark has returned to its highest levels in two months, supported by a renewed surge in geopolitical tensions in the Middle East.Oil markets remain focused on the situation in Iran, where intensifying domestic unrest and a tougher tone between Tehran, Washington and Tel Aviv are reviving fears of supply disruptions. Iran is one of the world’s major Crude Oil producers, and any threat to its production or export capacity is quickly priced into…
Alphabet (GOOGL) surged 65% in 2025 and started 2026 by hitting new all-time highs around $330. Then on January 12th, Apple dropped a bombshell: they’re partnering with Google to integrate Gemini AI into Siri and future Apple devices. The market is now trying to figure out what all this means heading into Google’s Q4 earnings on February 3rd. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
It’s been a pretty boring session in terms of news flow and market moves. The only notable news we got was early in the session when it was reported that Japanese PM Takaichi has conveyed to a ruling party executive of her intention to dissolve parliament’s lower house. That could set up for a snap election in either early or the middle of February. The next ordinary Diet session is scheduled for 23 January and that is the timing in which Takaichi is reported to be making this call. This is just a confirmation of similar reports we got on…
New Zealand Dollar (NZD) could rise further; overbought conditions could limit any gains to a test of 0.5785. In the longer run, for the time being, NZD is likely to trade in a range between 0.5720 and 0.5805, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Overbought conditions might limit any gains to a test of 0.578524-HOUR VIEW: “NZD fell more than we expected last Friday. Yesterday, when NZD was at 0.5730, we pointed out that ‘the combination of slowing downward momentum and oversold conditions suggests that NZD is likely to consolidate today, probably between 0.5715 and…
Andrew Harnik/Getty Images NewsTreasury Secretary Scott Bessent on Monday convened a meeting of finance ministers from several countries to discuss ways to diversify rare earth supply chains and reduce reliance on China. The meeting was held in Washington and included ministers from Australia, Canada, Mexico, France, Germany, the Source link