Author: FX

It’s a tricky moment for USD/JPY as traders adopting a more cautious approach so far today. While the yen continues to be punished by the US-Iran conflict, the dollar side of the equation is also keeping firmer as the war drags on. Adding to that now is the bond market starting to ring the alarm bells with 30-year Treasury yields crossing back above the 5% threshold.The fundamental backdrop continues to work against the yen and that is a tough landscape to go up against. And Tokyo officials surely know that very well. They have more than likely stepped into the…

USD/INR extends gains for the third successive day, trading around the fresh record high of 95.40, during the Asian hours on Tuesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers’ Index (PMI) data to be released on Wednesday.The USD/INR pair appreciates as the US Dollar (USD) strengthens on safe-haven demand following Iran’s attack on the United Arab Emirates (UAE). CNBC reported Monday that the UAE was targeted by Iranian drones and missiles, while the US said it destroyed Iranian boats in the Strait of Hormuz. US President Donald Trump warned that Iran would be “blown off the…

The Non Repaint Zigzag Indicator MT5 solves this problem by confirming swing points only after they’ve truly formed. Unlike standard zigzag tools that recalculate and shift pivot points with each new price bar, this version locks in swing highs and lows once validated. That means traders can trust the signals they see without worrying about phantom pivots disappearing. What Makes the Non Repaint Zigzag Different Traditional zigzag indicators plot lines connecting significant price highs and lows, filtering out minor fluctuations to reveal the underlying trend structure. But here’s the catch: most zigzag tools use a “look-ahead” function. They analyze future…

The Reserve Bank of Australia raised rates for the third time in 2026, a move that could keep AUD supported much longer. But will other macro factors complicate the near-term picture? Source link

Feeling like trading the New Zealand dollar in the next trading sessions? Our Event Guide for the New Zealand Employment Report suggests the labor market numbers may come in weaker than analysts expect. But if the data surprises to the upside, the Kiwi could gain ground against its major counterparts. In that case, NZD/USD and EUR/NZD could see meaningful volatility around their key range support and resistance levels. Source link

Bank of Canada Governor Tiff Macklem told parliament he expects the Federal Reserve’s culture and conduct to continue unchanged under its incoming chairman, dismissing concerns about Fed independence post-Powell. Macklem was speaking Monday afternoon Canada time. Summary:Bank of Canada Governor Tiff Macklem said he believes the culture and conduct of the US Federal Reserve will continue as it has historically, per his testimony to the House of Commons on MondayMacklem made the remarks in response to parliamentary questions about the risk of the Fed losing its institutional independence as Chairman Jerome Powell’s term approaches its end on May 15, according…

West Texas Intermediate (WTI) oil price inches lower after registering modest gains in the previous day, trading around $101.80 per barrel during the Asian hours on Tuesday. Crude oil prices fall as fears of immediate supply disruptions ease, with the United States (US) Navy working to reopen the vital Strait of Hormuz after Iran’s attempted closure.On Monday, the US launched a new operation to restore shipping through Hormuz, and Maersk later confirmed that its Alliance Fairfax, a US-flagged vehicle carrier, exited the via the strait under US military escort.Reuters cited Tim Waterer, chief market analyst at KCM Trade, who said…

The Range Filter Indicator MT5 addresses this exact problem. Unlike traditional moving averages that lag or oscillators that give false signals in choppy markets, this indicator combines trend detection with built-in noise filtering. It helps traders stay positioned during real moves while sitting out the meaningless back-and-forth that drains accounts. The tool isn’t about prediction—it’s about participation in the right market conditions. For traders tired of second-guessing entries or watching profits evaporate to random price spikes, understanding how the Range Filter operates can change their approach to trending markets. What the Range Filter Actually Does The Range Filter Indicator is…

Oil surged more than 5% after U.S. and Iranian forces exchanged fire in the Strait of Hormuz, pushing equities lower as the U.S. dollar closed on top. Source link

IMF chief Georgieva has abandoned the fund’s mild slowdown forecast, warning that if the Middle East war continues into 2027 with oil at $125 a barrel, a “much worse” global economic outcome must be expected.Summary:The IMF’s previous baseline forecast of a minor global growth slowdown and modest price increases from the Middle East conflict has been dropped, according to IMF Managing Director Kristalina GeorgievaGeorgieva warned that if the war extends into 2027 alongside oil prices at $125 a barrel, a significantly worse global economic outcome should be anticipated, per her remarks on 4 MayInflation is already beginning to rise, though…