Author: FX
Summary:Fed’s Barr warns energy shock could lift inflation expectations Concern that another price shock risks entrenching inflation Calls for patience before any further policy easing Labour market balanced but fragile due to weak hiring Flags concerns over financial system resilience amid regulatory changesFederal Reserve Governor Michael Barr warned that rising energy prices linked to the Middle East conflict could trigger a renewed inflation shock, potentially lifting inflation expectations and complicating the central bank’s path back to its 2% target.Speaking on Thursday, Barr said the U.S. economy has remained resilient through a series of recent shocks, but those same developments have…
EUR/JPY just busted out of a triangle consolidation pattern on the 4-hour time frame! Are more traders waiting to hop in on a pullback? Check out these potential near-term correction levels: EUR/JPY 4-hour Forex Chart Faster with TradingView Global uncertainty and conflicting central bank biases have kept EUR/JPY stuck in a holding pattern for a couple of months already. A slight pickup in risk-taking over the past few days brought enough bullish momentum for the pair to break above its symmetrical triangle top. The rally appears to be stalling, though, so quick retest of the broken resistance may be in…
Circling the drainThe market had stopped negotiating with headlines and started negotiating with time.What we were watching was not a repricing of risk but a compression of outcomes. When a geopolitical clock is paired with a hard deadline and an explicit threat, the market does not drift. It tightens. Liquidity thins. And price begins to move not on probability but on inevitability.Oil led that shift with authority, the proverbial tip of the spear pressing against the market’s side. The move through $108 was not a speculative squeeze. It was the market assigning a higher probability to disruption at the very…
Risk-off sentiment deepened on Thursday as mounting skepticism over a near-term US-Iran ceasefire drove oil sharply higher while equities, gold, and Bitcoin fell across the board. With Trump’s end-of-week deadline approaching and no meaningful progress from either side, the US dollar finished as the best-performing major currency of the session, supported by safe-haven flows and a steady climb in Treasury yields. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Germany GfK Consumer Confidence for April 2026: -28.0 (-27.0 forecast; -24.7 previous) France Business Confidence for March…
The NASDAQ index is currently down 430 points or -1.96% at 21,500. That takes the price below the low price from last Friday’s trade at 21,522.75. It also takes a price to the lowest level since September 4.The next major target area comes between 20,931 and 21,033 (swing lows from September 2 and August 19. Below that truth would look toward 21,573 (swing low from July 30) and the 38.2% retracement of the move up from the April 2025 low. That level comes in at 20,491.Technology stocks have been particularly hard-hit today, along with industrials. Among the bottom 20 stocks…
Alan Taylor, an external member of the Monetary Policy Committee of the Bank of England (BoE), said that he currently sees a high bar to hiking the rates at a conference in New York hosted by Exante Data. He also added that the current energy shock looks more like the 2011 situation than the 2022.Key takeaways:The current energy shock looks more like 2011 than 2022 in magnitude. Currently see a high bar to hiking. Holding policy steady preferable until impact of energy shock becomes clearer. UK faces low risks of inflation becoming unanchored given weakening labour market and slowing wage…
U.S. envoy Witkoff says Iran is seeking an off-ramp Source link
Throughout this war, we’ve heard persistent reports that the US and Israel have different goals in Iran. The main evidence for that was Israeli strikes on oil storage facilities in Tehran. That drew a rebuke from Trump and he said on Truth Social that Israel would no longer be striking Iran’s infrastructure. Now a report from Al-Mayadeen — a Beirut-based, pan-Arab satellite news channel — says there is information that JD Vance and CIA director John Ratcliff are trying to remove Netanyahu from the American decision-making circle.Meanwhile, a separate report cites a political-security source told Al Mayadeen that Marco Rubio…
USD/CHF trades higher around 0.7930 on Thursday, up 0.15% on the day, as the US Dollar (USD) maintains a bullish tone amid heightened geopolitical uncertainty. The pair is supported by sustained demand for the Greenback, driven by fading hopes for a ceasefire between the United States (US) and Iran.The US Dollar Index (DXY), which tracks the USD against a basket of major currencies, is holding near recent highs around 99.90, reflecting the currency’s resilience. Tensions have escalated after Tehran rejected US President Donald Trump’s 15-point ceasefire proposal, describing it as “extremely maximalist and unreasonable.”According to a report from the Wall…
L3Harris wins contract for submarine-launched underwater drone system Source link