Author: FX

BNP Paribas economists expect the United States (US) economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation at 3.3%, while the Fed Funds target range is seen steady at 3.5%-3.75%. They project a gradual US Dollar (USD) depreciation against the Euro (EUR), with EUR/USD forecast at 1.21 by Q4 2026 and 1.25 by Q4 2027.Gradual depreciation path versus Euro”The US economy is expected to grow above its potential in 2026, with an average annual growth rate of 2.4%, a yearly improvement (up from 2.1% in 2025).””Inflation overshooting is set to continue (3.3% in…

Most Strait of Hormuz shipping at a standstill despite latest US pledge Source link

The latest ECB Survey of Professional Forecasters (SPF) showed a complex environment for the Eurozone economy in the short-term, characterized by higher inflationary pressures and softening growth. Professional forecasters have adjusted their expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), projecting a rate of 2.7% for 2026 and 2.1% for 2027. These figures represent upward revisions from the previous quarterly survey. Looking further ahead though, expectations for 2028 remain steady at 2.0%, aligning with the ECB’s medium-term target.Core inflation expectations, which provide a clearer view of underlying price pressures by stripping out volatile energy…

The standard zigzag indicator built into MetaTrader 4 connects significant price highs and lows with straight lines, filtering out smaller moves below a set percentage threshold. It’s useful for visualizing market structure at a glance. But here’s the catch — MT4’s default zigzag repaints heavily. The most recent leg is always provisional, updating with every new tick until a reversal of sufficient size confirms the prior swing. A non repaint zigzag indicator MT4 tool works differently. It waits for confirmation before plotting a swing point. Instead of drawing a tentative line that adjusts in real time, it only marks a…

MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these efforts mirror past interventions in 2022 and 2024. MUFG’s base case is for two Bank of Japan (BoJ) rate hikes and a gradual USD/JPY move toward 152.Authorities lean on intervention and BoJ hikes”In particular, USD/JPY fell sharply from a peak of closer to 160 to slightly below 157 at the time of writing, with likely FX intervention on Thursday evening Asia time to help to push down USD/JPY.””Estimates by market…

After USD/JPY tested the yen-tervention line in the sand above 160.00 last week, the Japanese government quickly stepped in to drag it back down.  Japan’s Ministry of Finance had reportedly spent around ¥5.5 trillion (approximately $35 billion) in its third major intervention campaign since 2022, and markets seem to be bracing for more. Here’s exactly how currency intervention works, why it keeps happening, and which warning patterns forex traders should watch out for. Source link

Inflation was supposed to be yesterday’s problem. Then an oil shock changed every central bank’s plans at once. Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…

USD/CAD inches higher for the second successive day, trading around 1.3590 during the Asian hours on Monday. The pair remains stronger as the commodity-linked Canadian Dollar (CAD) faces challenges amid lower oil prices. West Texas Intermediate (WTI) oil price remains in the negative territory for the third successive day, trading around $98.50 per barrel at the time of writing.Crude oil prices struggled following a Sunday report by Bloomberg indicating that Donald Trump said the United States will begin guiding neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting Monday.However, Ebrahim Azizi, a former commander in…

The HH LL Indicator MT4 was built to solve exactly this problem. It automatically plots higher highs (HH), higher lows (HL), lower highs (LH), and lower lows (LL) directly on the chart, giving traders a clean visual map of where the trend stands — and more importantly, where it’s breaking down. Instead of guessing at swing points, the indicator marks them in real time. Let’s get into how it works, how to set it up, and where it actually helps (and where it doesn’t). What the HH LL Indicator Actually Does At its core, the HH LL Indicator MT4 is…