Author: FX

What’s worse than going 0 for 9 at the Oscars? Missing a long-term trend pullback setup! Here’s what’s unfolding on CAD/CHF’s daily chart: CAD/CHF Daily Forex – Chart Faster with TradingView The oil-linked Canadian dollar was among last week’s stronger major currencies, supported by the surge in crude oil prices and steady demand for the fellow American currency, the U.S. dollar. The Swiss franc also drew some safe-haven interest, but its upside was capped by the dollar’s popularity and lingering intervention threats from the Swiss National Bank. Remember that directional biases and volatility conditions in market price are typically driven…

Is another RBA interest rate hike in the cards? And what does the central bank have in mind when it comes to future tightening? Here’s what to look out for in the upcoming RBA decision. Source link

U.S. strikes on military targets at Iran’s Kharg Island have raised fears of a wider escalation that could threaten global oil supplies.Summary:The U.S. struck Iranian military facilities on Kharg Island.Trump said oil infrastructure was deliberately spared.Kharg Island handles about 90% of Iran’s crude exports.Analysts say a direct strike could halt most of Iran’s oil shipments.Tehran could retaliate by targeting energy assets elsewhere in the Gulf.Iran has limited alternative export routes via the Goreh-to-Jask pipeline.Oil prices rose above $100 per barrel amid supply concerns.Trump is weighing a seizure of Iran’s critical oil depot on Kharg IslandU.S. strikes on Iranian military facilities…

Cable has been cruising lower inside a descending channel, and it looks like another bearish correction is in the works. Is the trend still our friend? Check out these potential resistance zones on the 4-hour time frame! GBP/USD 4-hour Forex Chart Faster with TradingView Persistent risk-off flows stemming from the ongoing US-Iran war have been propping the safe-haven U.S. dollar higher in the past weeks. At the same time, relatively strong U.S. data points and rising inflation risks are also fueling expectations of Fed rate hikes soon. Can Cable still pull off a quick retracement? Remember that directional biases and…

AUD/USD edges higher after two days of losses, trading around 0.7010 during the Asian hours on Monday. The pair holds ground following the release of key economic data from China. It is worth noting that any change in the Chinese economy could affect the Australian Dollar (AUD), as China and Australia are close trading partners.The National Bureau of Statistics (NBS) reported on Monday that China’s Retail Sales climbed 2.8% year-over-year (YoY) in February against 2.5% expected and 0.9% in December. Meanwhile, Industrial Production rose 6.3% YoY in the same period, compared to the 5.1% forecast and 5.2% seen previously.The AUD/USD…

The MT4 Round Number Indicator solves this by automatically plotting these critical levels on your charts. No more manual line-drawing or guesswork. You’ll see exactly where institutions and retail traders cluster their orders, giving you the edge to time entries, set stops, and identify reversal zones before price gets there. What Round Numbers Mean in Forex Trading Round numbers are price levels that end in 00, 50, or sometimes 20 and 80. Think 1.3000 on GBP/USD or 110.00 on USD/JPY. These aren’t random—they’re psychological anchors where human behavior creates actual market impact. Traders place stop losses just below 1.3000 or…

Perpetual to sell wealth management arm to Bain Capital for $350 million upfront Source link

Trump pressed NATO allies and China to help reopen the Strait of Hormuz, warning the alliance faces a bleak future if partners refuse to assist. Earlier, weak stuff this:Oil industry stating the obvious:India and France seem to be getting somewhere with direct negotiation rather than all this bluster:Summary:Trump urged NATO allies to support U.S. efforts against Iran.He warned the alliance faces a “bad future” if partners refuse to assist.Washington wants allies to help reopen the Strait of Hormuz.Trump said countries benefiting from the shipping route should help secure it.He warned the U.S. could launch new strikes on Iran’s Kharg Island.Trump…

Afghan asylum-seeker dies in ICE custody, US advocacy group says Source link

U.S. Energy secretary says no guarantees on oil prices with Strait of Hormuz unsafe Source link