Author: FX
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
The AUD/JPY cross loses traction to around 113.20 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) following the Bank of Japan (BoJ) interest rate decision. The attention will shift to the Reserve Bank of Australia (RBA) interest rate decision later in the day. As widely expected, the BoJ decided to raise the short-term interest rate by 25 basis points (bps) to 1.0% from 0.75% after concluding the two-day monetary policy review meeting on Tuesday. The BoJ makes a rate decision by a 7-1 vote. According to the Monetary Policy Statement, the…
Gold tests resistance as Fed week, dollar strength, and Iran headlines threaten to decide whether the rebound has real legs. Source link
The Weekly Range Indicator MT4 is a technical analysis tool that measures the average price movement of a currency pair over a week. It plots projected high and low levels based on past weekly ranges. In simple terms, it answers this question: How far does price usually travel from Monday open to Friday close? Most versions of this indicator use historical data—often the last 5, 10, or 20 weeks—to calculate an average weekly range in pips. Then it applies that range to the current week’s opening price, drawing upper and lower boundaries on the chart. For example, if GBP/USD has…
The trade is essentially a reversal of the war premium across asset classes: long bonds, short dollar, long Asian equities and currencies against a backdrop of fading Fed hike expectations. The two-year Treasury yield has the most immediate read-through, having dropped to 4.02% on Monday as crude fell and rate hike bets were trimmed. The yen is the currency trade attracting the most explicit conviction, with Japan’s energy import dependency having made it one of the cleaner expressions of Hormuz disruption risk. Southeast Asian equities, having underperformed sharply during the conflict, offer the most asymmetric upside if the deal holds,…
Here is what you need to know for Tuesday, June 16:The US Dollar Index (DXY) lifted off 10-day lows to reach the 99.70 price zone even after Trump said it was “important that Oil is plummeting and stocks are rising.” However, caution remains as Trump also warned that there would be “no sanctions relief for Iran until they do what they are supposed to do.” US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.18%-0.02%0.06%-0.01%-0.34%0.20%-0.28%EUR0.18%0.15%0.28%0.19%-0.17%0.38%-0.12%GBP0.02%-0.15%0.11%0.03%-0.32%0.25%-0.28%JPY-0.06%-0.28%-0.11%-0.06%-0.42%0.10%-0.38%CAD0.00%-0.19%-0.03%0.06%-0.34%0.18%-0.31%AUD0.34%0.17%0.32%0.42%0.34%0.56%0.08%NZD-0.20%-0.38%-0.25%-0.10%-0.18%-0.56%-0.51%CHF0.28%0.12%0.28%0.38%0.31%-0.08%0.51% The heat map shows…
Markets rallied on Monday after the U.S. and Iran reached an interim peace agreement, with a deal to reopen the Strait of Hormuz sending crude oil sharply lower while equities and crypto climbed and the dollar drifted broadly weaker. Source link
Senior US official says: U.S. has signed MOU with Iran Trump, Vance signed MOU, so did Iranian parliamentary speaker Deal provides for immediate opening of Strait of Hormuz and lifting of U.S. blockade on Iran There will be significant increase in traffic in Strait starting already U.S. has signed MOU with Iran Details of agreement will be put out within next 24-48 hours Going to launch technical discussions later this week Relief of frozen funds, sanctions relief tied to performance Plan is to keep current U.S. military force posture during next phase of negotiation Agreement is to contemplate reduction military…
The May U.S. CPI reflected hotter than expected headline inflation while core price pressures appeared subdued. Let’s look at which setup from our watchlist ideas had a path to a clean trade. Source link
The USD/JPY pair trades with a cautious tone as investors digest softer United States (US) industrial activity data while positioning for the Bank of Japan’s (BoJ) interest rate decision due on Tuesday.United States (US) Industrial Production rose 0.1% MoM in May, missing expectations of 0.3% and slowing sharply from the previous 0.9% increase. The weaker reading slightly limits support for the US Dollar (USD), as it points to softer momentum in the industrial sector.This data directionally confirmed the NY Empire State Index for June, which gave a reading a 5.7 that below both the consensus of 14 and the May…