Author: FX
The USD/JPY advances steadily on Tuesday as market participants brace for the Federal Reserve’s monetary policy decision, as the meeting kicked off during the day. At the time of writing, the pair trades at 160.47, within the intervention zone.USD/JPY Price Forecast: Technical outlookThe USD/JPY has bounced off 159.50 since last week, but it has failed to gain traction amid investor fears of a potential Japanese FX market intervention. From a momentum standpoint, the uptrend should continue as the Relative Strength Index (RSI) is bullish.Worth noting that the Bank of Japan (BoJ) raised interest rates on Tuesday by 25 basis points…
World Bank readies $2 billion loan for Argentina, Ambito reports Source link
The component pieces of the auction all were better than the averages with the exception of the domestic buyers who are squeezed out by the international buyers who exerted strong demand for the issue. The 20 year issue is not a major interest for investors. High YieldThe high yield is the highest yield accepted at the auction and becomes the yield awarded to all successful bidders.Higher-than-expected yield = weaker demand.Lower-than-expected yield = stronger demand.Tail The tail measures the difference between the auction’s high yield and the yield where the bond was trading just before the auction (the “when-issued” yield).Positive tail…
Australia’s RBA held its cash rate at 4.35% in June 2026, pausing after three hikes. Inflation is still above target, and the U.S.–Iran peace deal clouds what comes next. Source link
USD/CAD trades around 1.3990 on Tuesday at the time of writing, little changed on the day as markets adopt a cautious stance ahead of the Federal Reserve’s (Fed) monetary policy decision.The pair maintains a bullish bias, supported by the persistent weakness of the Canadian Dollar (CAD). Oil prices remain under pressure as investors continue to welcome diplomatic progress between Washington and Tehran. According to the Swiss Foreign Ministry, the memorandum of understanding between the United States (US) and Iran is scheduled to be signed on Friday in Bürgenstock, Switzerland. This development has fueled expectations of smoother global energy flows and…
Iranian oil tankers successfully passed through the Strait of Hormuz after the US lifted its naval blockade, marking one of the clearest signs yet that the Memorandum of Understanding (MoU) between the two countries is beginning to take effect.According to Iranian state-linked outlet ISNA, citing Deputy Foreign Minister officials, Iran confirmed that the US naval blockade restricting Iranian maritime movement is being lifted. The development was reinforced by reports from Al Jazeera, which confirmed that vessels were transiting the waterway and that Iranian tankers had successfully navigated the strait.The tanker passages serve as a verification mechanism for the MoU, which…
The New Zealand Dollar (NZD) posts marginal losses against the US Dollar (USD) on Tuesday, trading at 0.5820 after bouncing up from session lows at 0.5795. The pair, however, remains vulnerable, following Monday’s rejection above 0.5860, weighed by a more cautious market mood and mixed data from China, a key partner.Chinese Industrial production rose 4.5% year-on-year in May, beating expectations of a 4.4% reading, boosted by overseas trading, despite the restricted global shipping amid the crisis in the Strait of Hormuz. Retail Sales, on the other hand, fell 0.6% against expectations of a flat reading, revealing that domestic demand remains…
The Automatic Fibonacci Retracement Indicator MT4 solves this by removing the guesswork. It automatically plots Fibonacci levels based on recent swing highs and lows, helping traders identify key retracement zones with consistency. Instead of constantly adjusting lines, traders can focus on price action and decision-making. So how does this tool actually work in real trading conditions? Let’s break it down. What Is the Automatic Fibonacci Retracement Indicator MT4? The Automatic Fibonacci Retracement Indicator MT4 is a technical analysis tool that draws Fibonacci retracement levels automatically on the chart. It identifies recent price swings and plots levels like 23.6%, 38.2%, 50%,…
Prior 4.35%Decision today was unanimousHeadline and underlying inflation are still too highHeightened uncertainty remains on economic and inflation outlookResolution of the conflict in the Middle East is at an early stageThere are plausible scenarios where inflation is higher, activity lower than envisaged under the May forecastsGlobal oil supply issues will take some time to resolveThat will maintain upward pressure on global energy prices and inflationInflation is likely to remain high for some timeRBA focused on ensuring that inflation does not become embedded as impact from higher oil prices pass throughAppropriate to leave the cash rate target unchanged while assessing the…
EUR/CAD has been cruising higher with rising lows connected by an ascending trend line. Is it due for another support test soon? Source link