Author: FX
UK inflation held at 2.8% in May 2026, below the 3.0% forecast — but services inflation surged to 3.7%, complicating the Bank of England’s rate decision Thursday. Source link
The FOMC is widely expected to keep the federal funds rate unchanged at 3.50-3.75% and remove the easing bias from the statement in an unanimous decision. At this meeting we will also get the Summary of Economic projections (SEP) where near-term inflation is expected to be revised higher while unemployment lower. The median dot plot is expected to show no cuts for this year with more hawks than doves. Fed Chair Warsh is expected to refrain from giving out too much giving his disdain for forward guidance but might acknowledge the diplomatic breakthrough in US-Iran negotiations and the quick drop…
Dow Jones futures move little, hovering near 52,040 during the European hours on Wednesday, ahead of the US regular opening. However, S&P 500 futures rise 0.26% to near 7,540, and Nasdaq 100 futures advance 0.8%, trading near 30,240 at the time of writing.US stock futures posted mixed results as investors anxiously awaited the Federal Reserve’s (Fed) upcoming policy decision. The central bank is widely expected to maintain a cautious “wait-and-see” approach, holding its benchmark interest rate steady within the 3.50% to 3.75% range. However, market participants are on high alert for potential volatility, as traders broadly expect Fed Chair Kevin…
GBP/AUD looks ready to extend its month long uptrend! Can the pair build enough momentum to hit fresh June highs in the next few days? Source link
Will the BOE’s June decision keep pound traders in wait-and-see mode, or will a surprise vote split give Sterling something bigger to work with? Source link
Summary:US weighing naval escorts and insurance mandates to unblock nearly 500 stranded tankers at Hormuz despite MOU signing; oil prices lower on supply return expectationsNew Zealand consumer confidence hit a two-year low of 80.4 in Q2; Q1 current account deficit narrowed sharply to NZ$1.008B from NZ$5.984B priorJapan Reuters Tankan: manufacturers +13 from +8, non-manufacturers +32 from +29; Nikkei clawed back losses to print a fresh all-time high near 70,000Singapore NODX surged 38.4% in May, a 20-year high, on AI electronics demand; US 12.5% tariff proposal clouds the outlookChina vice premier announced CNY 300bln special bond issue to recapitalise banks and…
EUR/JPY depreciates after three days of gains, trading around 186.20 during the Asian hours on Wednesday. The currency cross holds a constructive bullish bias as it remains above both the nine-day and 50-day Exponential Moving Averages (EMAs). This positioning suggests the recent advance is supported by underlying demand.The 14-day Relative Strength Index (RSI) near 60 hints at firm but not yet overextended upside momentum. Additionally, the technical analysis of the daily chart suggests the EUR/JPY cross is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.The EUR/JPY cross may explore the region around the all-time high of 187.95,…
The I-Sessions Indicator MT4 is a visual session-based tool designed for the MetaTrader 4 platform. It marks different trading sessions—typically Asian, London, and New York—using colored boxes or background shading on the chart. Unlike momentum indicators such as RSI or MACD, this tool doesn’t generate buy or sell signals. Instead, it provides context. It shows when the market is most active, helping traders align their strategies with high-probability trading hours. For example, a trader watching EUR/USD will often notice that strong trends begin during the London session. The indicator highlights this time window, making it easier to focus on high-volume…
Two consecutive months of improving manufacturer sentiment adds to the case for the BoJ to proceed with its projected tightening path, with chip-sector strength providing a demand-side cushion against broader geopolitical headwinds. The chemicals and electronics sub-indices leading the gains suggest semiconductor capital expenditure cycles remain intact, a positive signal for regional supply chains. However, the sharp expected deterioration in transport machinery sentiment to minus-13 in September, from plus-13 now, flags that automakers remain exposed to supply chain disruption risks that a US-Iran framework alone may not quickly resolve. Non-manufacturers’ forward guidance dropping to plus-19 from plus-32 introduces some caution…
Tuesday played a wild card: the Iran deal firmed, crude cracked to ~$76 through every level we’d drawn, and the BOJ hiked — the reset before Wednesday’s Fed. Source link