Author: FX

Dollar nears two-week high as AI splurge spooks investors Source link

The MT5 ADX indicator cuts through this noise by measuring one thing: trend strength. It doesn’t care about direction—up or down doesn’t matter. What it tells you is whether the current move has conviction or if you’re better off sitting on your hands. That single piece of information can save traders from countless bad entries in weak, directionless markets. What the ADX Actually Measures The Average Directional Index doesn’t point you toward buying or selling. Instead, it quantifies how strong any trend is, regardless of direction. Developed by J. Welles Wilder in 1978, the ADX forms part of the Directional…

BOJ is not behind the curve in dealing with inflationIt is obvious that we should not raise rates too quickly in a way that derails the economic recoveryI’m not saying that food prices are rising in a way that warrants immediate policy actionNot thinking of a particular pace in raising ratesDon’t have a specific timeframe in mind on how soon the BOJ should raise rates nextIt would be wrong to have a preset idea on that decisionIf there is sufficient data that convinces us to act, then we will do so without hesitationThe previous pace of rate hikes are not…

The GBP/JPY cross attracts some buyers near the 211.60 area, or a four-day low touched during the Asian session on Friday, and climbs to the top end of the intraday range. Spot prices currently trade just below mid-212.00s, and, for now, seem to have stalled this week’s modest pullback from the 215.00 mark, or the highest level since July 2008.As investors digest the Bank of England’s (BoE) policy update on Thursday, the British Pound (GBP) benefits from the emergence of some US Dollar (USD) selling and turns out to be a key factor acting as a tailwind for the GBP/JPY…

NZD/CAD is approaching a key area of interest after breaking above its established uptrend. Is the pair starting a bearish reversal? Or are we looking at a pullback opportunity in the making? NZD/CAD Daily Forex Chart Faster with TradingView Falling gold prices and unexpectedly soft quarterly labor market data from New Zealand have weighed on the Kiwi over the past few days. The Canadian dollar, meanwhile, found support from firmer crude oil prices and a rebound in its North American counterpart, the US dollar. Can today’s Canadian jobs report keep the Canadian dollar in control? Remember that directional biases and…

The European Central Bank (ECB) kept interest rates unchanged at 2.00% on Thursday for a fifth consecutive meeting, signaling confidence in its inflation trajectory even as headline prices fell below the 2% target. President Christine Lagarde reinforced the message that monetary policy remains “in a good place,” while acknowledging a stronger euro could push inflation lower than currently projected. Key Takeaways ECB held deposit rate at 2.00%, main refinancing at 2.15%, marginal lending at 2.40% for a fifth straight meeting The decision was unanimous with no dissent on the rate hold Lagarde emphasized ECB “cannot be hostage to one data…

Taiwan teams with US firm Kratos to build attack drones to counter China Source link

EUR/CAD has been pacing back and forth between support at the 1.6100 major psychological mark and resistance around 1.6300. Is it due for another bounce this time? Better keep tabs on these inflection points on the 4-hour time frame! EUR/CAD 4-hour Forex Chart Faster with TradingView Weakening inflationary pressures in the eurozone have dragged EUR/CAD to the bottom of its range earlier this week, as traders braced for a potentially dovish ECB decision. However, the central bank still maintained interest rates as expected while assessing that the region’s economy remains resilient and that inflation should stabilize at its 2% target…

The Bank of England maintained its policy rate at 3.75% in a closely contested decision, with four members voting for an immediate cut. The divided vote and dovish guidance suggest mounting pressure for easing as inflation approaches target. Key Takeaways Policy Decision: MPC voted 5-4 to hold Bank Rate at 3.75%, with four members preferring a 25bp cut to 3.5% Inflation Outlook: CPI expected to fall sharply to 2.1% by Q2 2026 (down from 3.4% in December), driven primarily by energy measures from Budget 2025 Forward Guidance: Committee signals Bank Rate “likely to be reduced further” though “judgements around further…

The Golden Line MT5 Indicator is a trend-following tool that plots a dynamic line on price charts, adjusting its position based on recent price momentum and volatility. Unlike simple moving averages that just calculate average prices, this indicator weighs recent data more heavily and incorporates volatility measurements to adapt faster during trending markets while staying stable during consolidation. Think of it as a moving average on steroids—one that doesn’t just follow price but anticipates potential direction changes. The line itself changes color based on trend direction: typically green during uptrends and red during downtrends. This visual simplicity makes it appealing…