Author: FX

Feeling like trading the New Zealand dollar in the next trading sessions? Our Event Guide for the New Zealand Employment Report suggests the labor market numbers may come in weaker than analysts expect. But if the data surprises to the upside, the Kiwi could gain ground against its major counterparts. In that case, NZD/USD and EUR/NZD could see meaningful volatility around their key range support and resistance levels. Source link

Bank of Canada Governor Tiff Macklem told parliament he expects the Federal Reserve’s culture and conduct to continue unchanged under its incoming chairman, dismissing concerns about Fed independence post-Powell. Macklem was speaking Monday afternoon Canada time. Summary:Bank of Canada Governor Tiff Macklem said he believes the culture and conduct of the US Federal Reserve will continue as it has historically, per his testimony to the House of Commons on MondayMacklem made the remarks in response to parliamentary questions about the risk of the Fed losing its institutional independence as Chairman Jerome Powell’s term approaches its end on May 15, according…

West Texas Intermediate (WTI) oil price inches lower after registering modest gains in the previous day, trading around $101.80 per barrel during the Asian hours on Tuesday. Crude oil prices fall as fears of immediate supply disruptions ease, with the United States (US) Navy working to reopen the vital Strait of Hormuz after Iran’s attempted closure.On Monday, the US launched a new operation to restore shipping through Hormuz, and Maersk later confirmed that its Alliance Fairfax, a US-flagged vehicle carrier, exited the via the strait under US military escort.Reuters cited Tim Waterer, chief market analyst at KCM Trade, who said…

The Range Filter Indicator MT5 addresses this exact problem. Unlike traditional moving averages that lag or oscillators that give false signals in choppy markets, this indicator combines trend detection with built-in noise filtering. It helps traders stay positioned during real moves while sitting out the meaningless back-and-forth that drains accounts. The tool isn’t about prediction—it’s about participation in the right market conditions. For traders tired of second-guessing entries or watching profits evaporate to random price spikes, understanding how the Range Filter operates can change their approach to trending markets. What the Range Filter Actually Does The Range Filter Indicator is…

Oil surged more than 5% after U.S. and Iranian forces exchanged fire in the Strait of Hormuz, pushing equities lower as the U.S. dollar closed on top. Source link

IMF chief Georgieva has abandoned the fund’s mild slowdown forecast, warning that if the Middle East war continues into 2027 with oil at $125 a barrel, a “much worse” global economic outcome must be expected.Summary:The IMF’s previous baseline forecast of a minor global growth slowdown and modest price increases from the Middle East conflict has been dropped, according to IMF Managing Director Kristalina GeorgievaGeorgieva warned that if the war extends into 2027 alongside oil prices at $125 a barrel, a significantly worse global economic outcome should be anticipated, per her remarks on 4 MayInflation is already beginning to rise, though…

Tyson Foods (TSN) came out before the market opened today and delivered a solid earnings beat, with EPS topping expectations by 11.59% and revenue beating by 0.18%. Investors liked what they saw and have rewarded the stock with a near 4% pop, pushing price right up into a resistance level that has been a stubborn wall on this chart for over a year.Tyson is one of the largest meat producers in the world, processing chicken, beef, and pork for retail and foodservice customers globally.Here is what the chart is saying. The high so far today is sitting right around $66.25,…

May 04, 2026, 2:56 PM ETUnited States Oil Fund LP ETF (USO), BNO, ITA, EWYUCO, DBO, UNG, USL, UNL, BOIL, OILK, CO1:COM, CL1:COMBy: Max Gottlich, SA News EditoradditionalLabelAlones CreativeU.S. President Donald Trump said Monday that Iran has fired on ships from “unrelated nations” during a new U.S. military effort to escort vessels through the Strait of Hormuz, including a South Korean cargo ship. He suggested South Korea should join the mission in response. Source link

Japan’s suspected yen intervention could ripple beyond USD/JPY, affecting U.S. Treasury yields, stocks, and beta currencies. Learn what traders should watch next. Source link

Sector OverviewThe technology sector is experiencing a significant upward momentum with notable gains, particularly in software and infrastructure. Microsoft (MSFT) leads with a noticeable increase of 1.26%, while Oracle (ORCL) impressively surges ahead by 5.54%. Meanwhile, the semiconductor space presents a mixed picture; Micron Technology (MU) leaps by 7.29%, countered by declines in Broadcom (AVGO) down 1.13% and Nvidia (NVDA) slipping slightly by 0.38%.Conversely, the communication services sector struggles with Google (GOOGL) losing 0.94% and Meta Platforms (META) decreasing by 0.48%. The consumer cyclical space paints a brighter picture as Amazon (AMZN) gains 1.38%, suggesting buoyant sentiment in internet retail.Market…