Author: FX
Goldman Sachs hikes oil outlook as Brent hits $100; analysts brace for 'persistent' Hormuz shutdown Source link
Air New Zealand to cut flights as fuel price surge wreaks havoc on travel Source link
If you’ve been watching currency markets this week and wondering why the Australian dollar is suddenly the hottest currency on the board, you’re not alone. AUD has climbed to its highest level since June 2022, and it’s up more than 13% over the past 12 months. So, what’s driving the move? In short, several factors lined up at once. A definitive hawkish shift from Australia’s central bank, a geopolitical crisis spiking global energy prices, and a unique quirk that makes Australia one of the few economies in the world that actually benefits from an oil price shock. Let’s break it…
Bitcoin appears to be stuck in another holding pattern, but it’s daily time frame reveals that the longer-term trend could still carry on. Are we about to see a major pullback or a breakdown? Check out these potential inflection points! Bitcoin (BTC/USD) Daily Chart Faster with TradingView Bitcoin appears to have flip-flopped between trading as “digital gold” and a risk asset, leaving price stuck inside a range since last month. Still, the emergence of slightly higher lows suggests that bullish pressure could be building, potentially taking BTC/USD to the next upside barriers. Are the Fib retracement levels about to hold…
The Canadian economy has had its fair share of hits and misses with economic data these days. What will the upcoming employment report imply about BOC policy expectations? Source link
Commonwealth Bank expects the RBA to raise rates in March and May as rising energy prices and strong domestic data keep inflation risks elevated.Earlier:Summary:CBA expects the RBA to raise the cash rate in March and May, taking the rate to 4.35%.The outlook has shifted due to higher oil prices linked to the Middle East conflict.Inflation is already above target and expected to rise further due to energy costs.The Australian economy is running above capacity, with GDP growth around 2.6%.The unemployment rate remains low at 4.1%, indicating a tight labour market.CBA expects trimmed-mean inflation around 0.9% in Q1 and 0.8% in…
AUD/USD is having trouble making fresh March highs! Will the recent bearish candlesticks trigger a pullback toward key retracement levels? We’re taking a closer look at the 4-hour time frame: AUD/USD 4-hour Forex Chart Faster with TradingView Hawkish remarks from RBA Governor Bullock and Deputy Governor Hauser have helped lift the Australian dollar over the past few days. The U.S. dollar has held its ground but still gave up some pips to the Aussie as markets leaned toward cautious risk-taking. Now AUD/USD is hovering near a key resistance zone, and Friday’s U.S. NFP release, along with geopolitical headlines later in…
The MT4 Correlation Indicator solves this by displaying real-time correlation coefficients between currency pairs right on your charts. It measures how pairs move together (or against each other) over a specified period, giving traders the data they need to avoid conflicting positions and identify genuine trading opportunities. What the MT4 Correlation Indicator Actually Measures This indicator calculates the statistical correlation between two currency pairs using the Pearson correlation coefficient. The output ranges from +1.0 to -1.0, where values near +1.0 indicate pairs that move together, values near -1.0 show inverse relationships, and numbers around zero suggest no meaningful connection. The…
The U.S. Consumer Price Index rose 0.3% month-over-month in February 2026, meeting consensus expectations and holding the annual inflation rate steady at 2.4%, according to data released Wednesday by the Bureau of Labor Statistics (BLS). However, the broadly in-line report was immediately overshadowed by the ongoing U.S.-Israel war on Iran, which has sent oil prices surging and raised fears that inflation could move sharply higher in the months ahead. Key Takeaways Headline CPI held steady at 2.4% year-over-year, matching forecasts and unchanged from January Core CPI (ex-food & energy) rose 0.2% monthly — a deceleration from January’s 0.3% — and…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears. The war between its neighbor Iran and the US and Israel escalates, boosting oil prices. Reuters reported that three more vessels have been hit by projectiles in the Strait of Hormuz. That brought the number of ships struck in the region to at least 14 since the Iran war began.Analysts said the International Energy Agency’s (IEA proposal for a…