Author: FX
The U.S. advance Q1 2026 GDP missed expectations at 2.0% while core PCE inflation surged to 3.2% annually, a combination that supported the case for the Fed to stay on hold. Source link
Gold price (XAU/USD) edges higher to near $4,630 during the early Asian session on Friday. The precious metal extends the rally as renewed tensions in the Middle East have prompted traders to return to a safe-haven asset. US President Donald Trump said he was sticking with a naval blockade of Iranian ports amid concerns the vital Strait of Hormuz would not reopen anytime soon, per Bloomberg. “Their economy is crashing, the blockade is incredible,” said Trump. “Their economy is a disaster. So we’ll see how long they hold out.”Earlier on Thursday, Iranian President Masoud Pezeshkian stated that he considered the US…
The U.S. dollar ended Thursday as the session’s worst-performing major currency, weighed down by JPY intervention warnings, central bank holds, & a softer-than-expected U.S. GDP print Source link
The stock market is a momentum-chasers’ dream right now.It’s increasingly clear that the backbone of the market rally is AI and nothing to do with the Iran war. Coming into this year there was a big fear about AI capex slowing down or a wall in AI models.Instead, we’re seeing some impressive rollouts, including Claude’s latest model and the just-released OpenAI image model. Surely it won’t be long before Google is back with Gemini but the main problem right now is demand is overwhelming what they can serve. That’s led to nerfed models, particularly Gemini.As someone who uses them, the…
USD/CAD trades on the back foot on Thursday as renewed weakness in the US Dollar (USD) supports the Canadian Dollar (CAD), while the latest US economic data fails to provide support to the Greenback. At the time of writing, the pair is trading around 1.3612, down nearly 0.53% on the day.The US Dollar is under pressure amid possible FX intervention by Japanese authorities to curb sustained weakness in the Japanese Yen (JPY). Reuters, citing Nikkei which quoted a government source, said Japan may have intervened by buying Yen and selling Dollars. However, there has been no official confirmation so far.The…
The Japanese yen surged sharply on Thursday after Japan’s Vice Finance Minister issued a stark “final warning” to yen speculators, sending USD/JPY tumbling more than 4 big figures from a 21-month high. Source link
Every beginner trader goes through the same cycle.If you’ve spent any time learning to trade, you’ve probably done this: you opened your charting platform, added a moving average, then a second one, then an RSI, a MACD, maybe some Bollinger Bands for good measure, and ended up staring at a chart that told you absolutely nothing.That experience is nearly universal among beginner traders. And it’s almost always what sends them down a path of mounting confusion, second-guessing, and eventually, avoidable losses.Here’s the uncomfortable truth: the problem isn’t lack of effort. It’s that most beginners are taught to trade using tools…
The Bank of England (BoE) announced on Thursday that it left the benchmark policy rate unchanged at 3.75%, as widely expected, following the conclusion of the April monetary policy meeting.The vote showed the expected split on the Monetary Policy Committee (MPC), with one member favoring a 25-basis point (bps) rate hike.Join our BoE, ECB and US GDP live coverage hereTakeaways from BoE Monetary Policy SummaryBoE Chief Economist Huw Pill voted to increase rates by 0.25 percentage pointsBailey says “reasonable” to hold rates at 3.75% given uk economic situation and uncertainty in Middle East.CPI likely to be higher this year as effect of…
Financial markets are rarely boring, but this week’s FOMC meeting felt like the season finale of a high-stakes political drama. For those new to central banking, the U.S. Federal Reserve is essentially the “banker for banks.” Its job is a balancing act known as the Dual Mandate: keep prices stable — meaning low inflation — while ensuring as many people as possible have jobs. On the surface, the Fed’s decision looked like a non-event. No change. Rates held at 3.5%–3.75%. But beneath that calm exterior, the tectonic plates of U.S. monetary policy are shifting — and for forex traders, the…
Air France-KLM Q1 2026 slides: strong start masks fuel storm ahead Source link