Author: FX
Once again, there aren’t any major expiries to take note of on the day with the full list seen below.There are some large ones for EUR/USD but they are too far away to be of any impact. The central bank bonanza is back in town with the Bank of Canada and Federal Reserve decisions coming up later today. So, those will be the more important drivers of trading sentiment in the day ahead – especially the latter.As an aside, just be wary that we could get to hear from Trump on his pick of Fed chair after the central bank…
Gold (XAU/USD) prolongs its record-setting rally for the eighth consecutive day and surges past the $5,200 mark during the Asian session on Wednesday. Economic and geopolitical uncertainties on the back of US President Donald Trump’s decision turn out to be a key factor that continues to drive flows towards the safe-haven commodity. Apart from this, renewed worries about the US Federal Reserve’s (Fed) independence and prospects for lower interest rates in the US provide an additional boost to the non-yielding yellow metal.Furthermore, sustained buying by central banks, along with increasing investment demand and allocations to non-dollar assets, contributes to the…
Australia’s Consumer Price Index rose 3.8% year-on-year in December 2025, up from 3.4% in November, according to data released by the Australian Bureau of Statistics. The monthly increase of 1.0% (0.2% seasonally adjusted) exceeded expectations and marked the fastest pace of annual inflation in several months, as electricity rebates expired and holiday travel demand surged, complicating the Reserve Bank of Australia’s policy outlook. Key Takeaways Annual CPI inflation accelerated to 3.8% from 3.4% in November, with the monthly increase reaching 1.0% in original terms Trimmed mean inflation rose to 3.3% annually from 3.2%, suggesting underlying price pressures remain elevated Electricity…
Australia’s hotter Q4 core inflation fuels bets for rate hike next week Source link
The U.S. dollar plunged to its lowest level since early 2022 on Tuesday as President Trump indicated he’s comfortable with the currency’s decline, triggering a broad-based selloff in the greenback while gold surged to fresh record highs and equities rallied on export competitiveness hopes. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Australia NAB Business Confidence for December 2025: 3.0 (2.0 forecast; 1.0 previous) China Industrial Profits (YTD) for December 2025: 0.6% y/y (0.3% y/y forecast; 0.1% y/y previous) New Zealand Credit Card Spending for December…
The UT Bot is a trend-following indicator that plots buy and sell signals based on price interaction with a dynamic trailing stop line. Unlike moving averages that smooth price data, this indicator creates a channel that expands and contracts based on market volatility. When price closes above the lower band, the indicator signals bullish momentum. When price closes below the upper band, it signals bearish momentum. The core calculation uses ATR multiplied by a sensitivity factor (typically between 1 and 3) to determine how far the trailing stop sits from price. This means the indicator automatically adjusts to changing market…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
Australia will release the Consumer Price Index (CPI) report on Wednesday, and it is expected to show inflation rose 3.6% year over year in December, slightly above the previous reading of 3.4%. The monthly CPI is foreseen at 0.7% after posting 0% in November.The Australian Bureau of Statistics (ABS) will also release the Trimmed Mean CPI, the Reserve Bank of Australia’s (RBA) favorite inflation gauge. The annual figure is expected to print at 3.2%, matching the previous reading, while on a monthly basis, the Trimmed Mean CPI is forecast at 0.2%, down from the 0.3% posted in the previous month.…
When uncertainty hits, traders choose sides—and right now, Bitcoin’s getting left behind. Let’s try to break it down and understand this current market rotation dynamic. Bitcoin has been stuck in a frustrating rut. After starting January near $95,000, the world’s largest cryptocurrency has spent most of the past week hovering around $87,000-$88,000, struggling to regain momentum. Meanwhile, gold has been on an absolute tear, smashing through $5,000 per ounce on Monday, January 27 and hitting a fresh all-time high above $5,100 before pulling back slightly. This isn’t just about two assets moving in opposite directions. It’s about a fundamental shift…
Silver is up 2% today to $106.37 but it’s down intraday from a high of $113 and hasn’t challenged yesterday’s high near $118.It’s been a magical run for silver but there are red flags and signs of exhaustion emerging.For one, it looks like retail traders piled in. That’s usually a sign of a top, as they’re last to the part. The exceptions though, seem to be in the post-pandemic period when retail rushes into meme stocks like GME or AMC and it becomes a freeding frenzy, leading to massive overshoots that last longer than anyone expects. From Bloomberg’s Eric Balchunas,…