Author: FX
The GBP/USD pair posts modest gains near 1.3025 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). However, the potential upside for the major pair might be limited, as UK Finance Minister Rachel Reeves hinted at broad tax rises in her budget later this month. The US October private payroll and ISM Services Purchasing Managers Index (PMI) reports will be published later on Wednesday.Rachel Reeves, on Tuesday, gave a clearer indication that tax hikes are coming in her Autumn Budget later in November. The Sunday Times reported that Reeves was looking at more than 100 possible tax…
USD/JPY looks like it might be ready to extend a month-long trend after hitting a key inflection point! Think the dollar will see more gains in the next trading sessions? We’re taking a closer look at the 4-hour time frame! USD/JPY 4-hour Forex Chart by TradingView Recent comments from key Fed members sounded less dovish than traders had expected, prompting markets to reassess the chances of a December rate cut. The shift in expectations gave the U.S. dollar a fresh boost as traders moved back into the greenback. The yen is not sitting on the sidelines either. Safe-haven demand is…
Is the Bank of England about to deliver another dovish announcement now that the U.K. CPI and jobs data fell short of estimates? Expectations are for the central bank to keep rates on hold for the time being, but the MPC votes could have some surprises. Here’s what to look out for in the upcoming November BOE decision. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Crexendo signals double-digit growth for 2026 as AI innovation drives platform adoption Source link
Now that the long-term range resistance on AUD/CAD appears to be holding as a ceiling, can the pair gain enough bearish traction to make it down to the bottom? Or can it make another attempt at an upside breakout? Here are the inflection points I’m watching on the 4-hour time frame. AUD/CAD 4-hour Forex Chart by TradingView The Reserve Bank of Australia (RBA) gave a less dovish monetary policy announcement earlier this week, but that didn’t seem enough to carry this Aussie pair past the key resistance near the .9200 major psychological handle. After all, the Bank of Canada (BOC)…
The BUY SELL MT4 Indicator is a straightforward yet powerful trading tool designed to assist traders in identifying potential market entry and exit points. It works by analyzing market conditions and displaying clear arrows or signals directly on the chart. A “Buy” signal appears when the indicator detects bullish momentum, while a “Sell” signal shows bearish conditions. This visual simplicity makes it ideal for beginners and experienced traders alike, helping them focus on opportunities without complex analysis. How the Indicator Works The indicator uses price movement and trend strength to generate reliable trading alerts. When market momentum shifts in one…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…
The broad markets faced mounting pressure on Tuesday as concerns about U.S. equity valuations and diminished expectations for near-term Federal Reserve rate cuts drove a broad risk-off tone, most notably a strong selloff in stocks and cryptocurrencies. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Japan S&P Global Manufacturing PMI Final for October 2025: 48.2 (48.3 forecast; 48.5 previous) Australia RBA Interest Rate Decision for November 4, 2025: 3.6% (3.6% forecast; 3.6% previous) RBA Governor Bullock maintained a neutral stance, stating both further rate cuts and…
NMI Holdings Non-GAAP EPS of $1.21 in-line, revenue of $178.7M beats by $1.65M Source link
New Zealand’s Unemployment Rate rose to 5.3% in the third quarter (Q3) from 5.2% in the second quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in line with the market consensus of 5.3%.Furthermore, New Zealand’s Employment Change arrived at 0% in Q3 from a decrease of 0.1% in Q2, compared with the consensus forecast of a 0.1% increase. The participation rate in New Zealand declined to 70.3% in Q3, compared to 70.5% in the previous reading.Market reaction to the New Zealand’s employment dataAt the time of writing, the NZD/USD pair is trading 1.09% lower on the day to trade at 0.5648. Employment…