Author: FX
Meanwhile, the stats office expects the Italian economy to grow by 0.8% in 2026 and that reaffirms their previous estimate. So, no change on that front to the outlook for next year. This article was written by Justin Low at investinglive.com. Source link
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.A weaker report could strengthen the case for the Bank of Canada (BoC) to continue its easing cycle next week after cutting its policy rate by 25 basis points to 2.25% at its October 29 gathering, following the September rate reduction.The Bank of Canada cut its benchmark rate by 25 basis points to 2.25% in…
The JS Levels MT4 Indicator is a simple but powerful tool designed to highlight important price levels directly on the chart. These levels act as natural barriers where the market often reacts, making them useful for entries, exits, and risk management. Instead of manually drawing lines over and over again, the indicator updates these levels automatically. This saves the trader time and helps them keep their charts clean while still understanding the market’s main reaction points. How It Helps Traders Make Better Decisions This indicator is especially helpful for traders who struggle with identifying support and resistance accurately. It shows…
CAD/CHF is pushing up against the top of its Double Bottom pattern ahead of a key Canadian data release! The pair is flirting with a breakout, but the bears are circling and trying to keep price contained below the .5750 line. Will we see an upside breakout in the next trading sessions? CAD/CHF Daily Forex Chart by TradingView In case you were too busy debating why Pantone chose ̶W̶h̶i̶t̶e̶ Cloud Dancer as Color of the Year 2026, Canada has been swinging and missing on its data this week. Manufacturing PMI, quarterly labor productivity, and the IVEY PMI all came in…
The People’s Bank of China appears to be pushing back against market expectations for the yuan to strengthen beyond the 7.00 psychological level, signalling that authorities are now more comfortable with stability than further appreciation. After weeks of guiding the currency stronger, the PBOC abruptly shifted tone: Thursday’s USD/CNY fixing widened to a +150-pip adjustment (from +80 pips), slowing the yuan’s climb as it hovered near a 14-month low in USD/CNY termsOn Friday the central bank almost fully removed the strengthening bias amid a rebound in the U.S. dollar, setting the fix close to market estimates. The move suggests the…
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan’s Household Spending unexpectedly fell at the fastest pace in nearly two years in October. Bank of Japan (BoJ) Governor Kazuo Ueda earlier this week lifted market expectations for an imminent interest rate hike as early as this month. Furthermore, a reflationary push by new Prime Minister Sanae Takaichi keeps Japanese government bonds (JGB) yields elevated and continues to underpin the lower-yielding JPY.Apart from this, a cautious mood around the equity markets is seen as another factor that…
AUD/CAD is chillin’ like a villain at the very top of its long-term range, still deciding whether to make a break for it or head back to nearby support zones. Take a look at these potential upside and downside targets on the 4-hour chart. AUD/CAD 4-hour Forex Chart by TradingView This forex pair has been tossing and turning between support around the .9075 mark and resistance at the .9225 level for the past three months. Upbeat jobs and inflation data from Australia have been highlighting the RBA’s shift to a less dovish stance while risk-taking has generally favored the higher-yielding…
The Draws Renko Boxes in Normal TF MT4 Indicator converts price movements into Renko-style boxes without changing the standard timeframe of your chart. Each box represents a fixed price movement, allowing traders to see trends more clearly. Unlike standard charts, small fluctuations are filtered out, which reduces market noise. This makes it easier for traders to identify the strength of a trend, whether the market is trending or ranging, and where potential reversals might occur. Benefits for Traders One major advantage of this indicator is its simplicity. Traders no longer need to analyze dozens of candlesticks to understand market direction.…
The Bank of Japan appears to have won its first major policy test with Prime Minister Sanae Takaichi, securing tacit government approval for a December rate hike to 0.75%. Reuters have the opinion piece, I’ve summarised into a much more concise quick read. BoJ Governor Ueda effectively pre-signalled the move in a recent speech, and both Finance Minister Katayama and key government advisers offered no resistance, an unusually smooth response from an administration that had previously criticised early tightening.A weak yen and the political sensitivity around inflation helped shift the government’s stance, giving Ueda room to proceed with gradual normalisation.…
Markets treaded water on Thursday as traders positioned cautiously ahead of next week’s Federal Reserve decision, with oil leading gains while Bitcoin extended its retreat from recent highs. Mixed economic signals—unexpectedly strong U.S. jobless claims data alongside weak Canadian activity readings—left major asset classes range-bound for most of the session, though oil managed to rally on geopolitical developments. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Australia Balance of Trade for October 2025: 4.39B (4.2B forecast; 3.94B previous) Australia Exports for October 2025: 3.4% m/m (7.9%…