Author: FX
Rate hikes by year-endRBNZ: 83 bps (67% probability of no change at the next meeting)ECB: 60 bps (77% probability of rate hike at the next meeting)BoE: 52 bps (64% probability of no change at the next meeting)BoJ: 42 bps (64% probability of rate hike at the next meeting)BoC: 42 bps (95% probability of no change at the next meeting)RBA: 35 bps (82% probability of no change at the next meeting)SNB: 16 bps (92% probability of no change at the next meeting)Fed: 2 bps (97% probability of no change at the next meeting)We can see that the hawkish expectations haven’t changed…
ING’s Francesco Pesole argues the Pound remains vulnerable as United Kingdom (UK) local election results show heavy losses for Labour and early calls for Prime Minister Starmer to resign. Pesole notes GBP weakness preceded the vote on softer risk sentiment, but sees upside risks for EUR/GBP given no prior political risk premium and potential concerns over future UK borrowing under alternative leadership.Political stress supports EUR/GBP”The UK’s ruling Labour Party has suffered heavy losses as the results of council elections start to come in. Most areas are yet to declare results, including in the crucial Scottish and Welsh parliamentary elections. Some…
US suspects Nvidia chips smuggled to Alibaba via Thailand, Bloomberg News reports Source link
The German Sniper is a custom MT4 indicator that combines trend direction signals with momentum-based entry timing. It paints arrows or signals on the chart to indicate potential buy and sell zones, typically at key inflection points where price is likely to reverse or continue a dominant trend. Unlike a simple moving average crossover setup, this indicator appears to integrate multiple layers of market logic — including price action context, volatility filtering, and momentum shifts. The result is a cleaner signal output that aims to reduce the false triggers that plague simpler tools. It’s worth pointing out that this isn’t…
Earlier this week, the UK’s 30-year government bond yield surged as much as 13 basis points to 5.78% — the highest level since 1998. This is a symptom of a larger problem. In fact, from Tokyo to London to Washington, government bond yields have been climbing sharply. When this happens, it doesn’t just affect bond investors. It ripples across currencies, stock markets, and — critically — the decisions of the world’s most powerful central banks. If you want to understand why interest rate cuts keep getting pushed back, this is a big part of the answer. The IOU and the…
CAD/JPY has spent the week sliding toward a long-term rising trendline that dates back to 2021, testing other key support levels as well. Will it hold or fold? Source link
It was always going to be a tough one. Japan’s ministry of finance (MOF) know very well that they are going up against a striking fundamental backdrop that dictates the yen to be lower. With the US-Iran war still ongoing, there is no change to the fact that all the factors in play are pointing to a weaker currency.But in not wanting to let things slip from their grasp, they stepped in last week to shoot down USD/JPY after breaching the 160.00 level. And once they showed their hand, there is no turning back now.The moves last week did not…
Citing a source familiar with the matter, Reuters reported on Friday that Japan’s officials intervened in the foreign exchange market during holidays in early May, after having conducted Japanese Yen-buying operations on April 30.The source said: “The intervention since the start of May was timed to coincide with the holiday period, when market liquidity was thin.”Reuters calculated the Bank of Japan’s (BoJ) money market data, which suggests that Japan may have spent as much as JPY5 trillion or $32 billion in the period between May 1 and May 6.Meanwhile, the April 30 intervention may have cost around $35 billion, according…
EUR/GBP has formed lower highs and found support around .8620 to create a descending triangle pattern. Is another move back to the resistance due? Source link
The HTF Power of Three Indicator MT5 tackles this exact problem. It brings higher timeframe market structure directly to your trading chart, eliminating the need to constantly flip between different periods. By visualizing where institutional money is likely positioned and which phase of the market cycle you’re in, this tool helps traders align their positions with the dominant trend rather than fighting it. What is the HTF Power of Three Indicator? This indicator applies the Power of Three methodology across multiple timeframes simultaneously. For those unfamiliar, Power of Three refers to the three distinct phases markets move through: accumulation (consolidation),…