Author: FX
The USDCHF pushed to a new session high in the US morning trade, reaching up to test the falling 100-hour moving average, which currently sits at 0.79602. Sellers leaned against that level on the first touch — the first retest since the pair broke below the 100-hour MA on November 6 — and the price is now trading roughly 5 pips below it.For buyers to build further momentum, the pair must break and hold above the 100-hour MA, with additional confirmation coming from a move above the 38.2% retracement of the decline from the November high at 0.79715.On the downside,…
GBP/USD: Expected to trade between 1.3120 and 1.3200 – UOB GroupPound Sterling (GBP) is expected to trade between 1.3120 and 1.3200. In the longer run, there has been a tentative buildup in momentum, and GBP could test 1.3240, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more…GBP: Wild ride on the day – INGIt has been quite easy to lose track of the UK government’s messaging regarding November’s budget, ING’s FX analyst Chris Turner notes. Read more…GBP/USD picks up to 1.3180 with UK fiscal concerns still weighingThe Pound has bounced up from session lows near 1.3135,…
Prior +1.6%HICP +1.3% vs +1.3% y/y prelimPrior +1.8%Slight delay in the release by the source. Core annual inflation is seen dropping slightly to 1.9%, down from 2.0% in September. But as mentioned previously, the main sticking point for the ECB is still mostly Germany. This article was written by Justin Low at investinglive.com. Source link
EUR/USD opened the week on a soft note, and returns to the 1.1600 area at the time of writing, extending Friday’s reversal from session highs above 1.1650. Markets remain moderately averse to risk on Monday, awaiting a backlog of delayed US economic data, which is underpinning support for the safe-haven US Dollar.In the US, President Donald Trump stepped back on tariffs on more than 200 products, including coffee, bananas, and orange juice, acknowledging the impact of higher import costs on inflation and following a series of Democratic victories in local elections. The market reaction to the news, however, was marginal.Later…
USD/CAD looks set to extend a weeks-long uptrend as it trades sustainably above a key inflection point! Will the U.S. dollar aim to return to its November highs this week? We’re taking a closer look at the 4-hour time frame: USD/CAD 4-hour Forex Chart by TradingView Less dovish remarks from FOMC members last week had traders rethinking their expectations for a December rate cut. The tone from policymakers felt a little firmer, and that was enough to make the market blink. Up north, the Canadian dollar is not getting much love, even with crude oil prices ticking higher. Traders seemed…
After the longest U.S. government shutdown in history finally ended, currency markets face a new challenge: figuring out what comes next. Source link
China has introduced new rules to curb the export of “zero-mileage” vehicles — brand-new cars registered as used — in a bid to stop automakers overstating sales and claiming tax benefits tied to inflated export volumes. The practice has drawn scrutiny as China becomes the world’s largest car exporter, with domestic manufacturers grappling with intense competition and excess inventory at home.The regulations, published by the Commerce Ministry, apply to any vehicle exported within 180 days of registration. Authorities say the loophole has distorted industry data by making it appear that surplus stock is being sold overseas, while many buyers later…
This Aussie pair has been cruising higher but is still stuck in a bit of a holding pattern on the 4-hour time frame. Is it due for more consolidation or a breakout soon? Check out these potential support levels right here! AUD/JPY 4-hour Forex Chart by TradingView Thanks to improving risk sentiment and strengthening hawkish RBA expectations, AUD/JPY has been forming higher lows and slightly higher highs for nearly a couple of months already. Price hit a ceiling at the top of this rising wedge pattern, possibly gearing up for a pullback to nearby support areas. Are buyers ready to…
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0816 compared to Friday’s fix of 7.0825 and 7.0956 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party…
The Big Times MT4 Indicator is a powerful tool that identifies potential market trends and key price movements. It works by analyzing price action, momentum, and market volatility to generate signals that traders can rely on. Unlike generic indicators, Big Times focuses on clarity, showing only the most relevant information. This reduces noise on the chart and allows traders to focus on setups that matter most. Whether you’re trading forex, indices, or commodities, the indicator adapts to different timeframes, making it versatile for both day trading and swing trading strategies. How It Helps Traders One of the main advantages of…