Author: FX
Earlier this week, the Bank of England gave traders a decision that looked boring on the surface but had plenty going on underneath. Its Monetary Policy Committee (MPC) voted 8–1 to keep the UK’s benchmark interest rate—the “Bank Rate”—steady at 3.75%. While a “hold” might sound like a non-event, the subtext of the meeting and the subsequent press conference by Governor Andrew Bailey reveal a central bank walking a tightrope. Source link
The WaveTrend Indicator MT5 aims to solve that problem by combining momentum and cycle analysis into a smoother, more responsive oscillator. It highlights potential reversals and trend continuations before price makes a large move. For traders using MetaTrader 5, this tool offers a structured way to read overbought and oversold conditions with more clarity. Let’s break down how it works and how traders actually use it in live market conditions. What Is the WaveTrend Indicator MT5? The WaveTrend Indicator MT5 is a momentum-based oscillator designed to identify potential turning points and short-term trend shifts. It plots one or two lines…
Japan’s senior currency official Atsushi Mimura refused to confirm or deny reports of yen intervention after the currency breached 160 per dollar, as the BoJ’s cautious stance, $120 oil and thin Golden Week liquidity keep the pressure firmly on.Summary:Atsushi Mimura, the Ministry of Finance’s top official responsible for international finance and currency policy, declined to comment on reports that Japan had intervened in the foreign exchange market to support the yen, saying only that he would not comment on FX intervention and that Japan remains in close contact with US authorities on currency mattersMimura added that he sees no change…
AUD/JPY has been forming higher lows connected by an ascending trend line, and it looks like this support zone is facing a strong test. Can the uptrend resume soon? Source link
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