Author: FX
Kuwait boost oil output to above 2 million barrels per day in a weekSees faster oil output than previously thoughtWill that all force majeure with immediate effectCrude oil has slipped back below the $74.00 level, trading at $73.94 and down roughly $2.00 on the day. The decline extended to a session low of $73.42, bringing the price into a test of the 200-day moving average at $73.58. From a technical perspective, that moving average represents a key support target and an important line in the sand for traders. So far, buyers have been willing to lean against the level, helping…
AUD/USD’s bigger uptrend is still alive, but sellers are testing 0.7000 as Fed strength and China weakness bite this week. Source link
Nomura reports that the Swiss National Bank kept its policy rate at 0.00% in June and reiterated an increased willingness to intervene in FX markets if necessary to curb Swiss Franc strength. With inflation still within the 0–2% target and only slightly higher near-term projections, Nomura expects the SNB to hold rates at 0.00% for the foreseeable future.SNB holds rates and keeps FX tool ready”The Swiss National Bank (SNB) left its policy rate at 0.00% at its June meeting, as we and consensus expected. It maintained guidance, introduced at the last meeting, that it has ”an increased willingness to intervene”…
Energy prices still determined by war situationIf necessary our readiness to intervene in forex market is higher, difficult to say if it is more or less than beforeWe look at the whole situation when it comes to interventions, the franc has weakened a bit since the last meetingMany factors affect the exchange rate, the interest rate differential to ECB and our increased readiness to interveneGeopolitical, trade uncertainty is highThe future development depends on the situation in the Middle EastCan’t be ruled out that this de-escalation in the Middle East is just temporaryWe don’t give forward guidance, we decide from meeting…
Crude Oil prices drift lower on Thursday, weighed by hopes of a US-Iran peace agreement and the reopening of the key Strait of Hormuz. The price of the US benchmark West Texas Intermediate (WTI) barrel hit a three-month low of $73.36 on Thursday, on track for a more than 10% weekly decline.The US President Donald Trump signed a peace agreement with Tehran in the Palace of Versailles, in France, on Wednesday, and US officials disclosed details of the deal. Safe, toll-free passage through Hormuz has been included in the agreement, in exchange for waivers of sanctions on Iranian Oil, the…
The MT5 Scalping Indicator Non Repaint is a technical analysis tool designed for short-term trading on the MetaTrader 5 platform. Its main purpose is to generate entry and exit signals without altering past signals once they are printed on the chart. Unlike repainting tools, this indicator locks its signals after candle closure. That means what a trader sees in live trading is the same as what appears in backtesting. This consistency helps build trust in the system. Most versions of this indicator combine trend-following logic with momentum filters. It may use moving averages, price action patterns, or volatility bands to…
The Fed held rates steady, but Warsh’s hawkish message sent the dollar higher as traders quickly repriced what comes next. Source link
The U.S. and Iran announced an initial peace agreement earlier this week, and formal signing is set for Friday in Geneva. What could these latest geopolitical updates mean for the forex market, overall sentiment, and your trades? Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
Will the Swiss National Bank (SNB) keep holding rates steady above negative territory? Or will they finally decide to adjust monetary policy to account for the latest market developments? Source link