Author: FX
Citing a White House official, Reuters reported on Wednesday that United States (US) President Donald Trump met with top officials from Chevron and other major energy companies to discuss global Oil markets amid the Middle East conflict.According to the official, Trump spoke to Oil companies about the steps to continue the Iran blockade for months if needed.Market reactionThe US Dollar (USD) Index edged higher with the immediate reaction to this headline and was last seen trading at 98.85, rising 0.26% on the day. Source link
The FOMC is widely expected to keep the federal funds rate at 3.50-3.75% with no change to the statement. The base case is that this is going to be a non-event given the uncertainty around the Middle East situation and Powell’s final press conference.The US data since the last FOMC meeting in March has been remarkably strong suggesting underlying economic resilience and even acceleration despite a more pessimistic future outlook caused by the US-Iran war and the Strait of Hormuz closure.The Fed eased monetary policy in the second half of 2025 mainly due to a weakening labour market on worries…
The Bank of Canada (BoC) is widely expected to keep its monetary policy rate unchanged at 2.25% for its fourth consecutive meeting on Wednesday, requesting more time to assess the impact on inflation and economic growth from the US-Iran war. A shift in long-term inflation expectations emerging from higher energy prices due to the Middle East conflict could trigger the next big reaction in the Canadian Dollar (CAD). The BoC left its monetary policy unchanged at its previous meeting in March and removed forward guidance references that the current rate is appropriate. The bank’s statement noted that economic growth had…
The MT5 Linear Regression Indicator is a trend-following technical analysis tool available on the MetaTrader 5 platform. It draws a straight line that best fits price data over a selected period using linear regression math. In simple terms, it calculates the average direction of price over “X” number of candles. If the line slopes upward, the short-term trend is bullish. If it slopes downward, sellers are in control. Unlike a simple moving average, which smooths past prices, linear regression finds the statistical best-fit line through the data. That means it reacts differently to sharp spikes or gradual trends. Many traders…
The Aussie took hits after softer core inflation cooled RBA hike expectations, even as broader tightening bets stayed mostly intact. Source link
CAD/CHF is poppin’ up bearish candlesticks ahead of the BOC policy decision. Will this lead to more losses for the pair? Source link
The EUR/USD pair consolidates around 1.1700, inside Tuesday’s trading range, during the Asian trading session on Wednesday. The major currency pair has remained broadly sideways, with investors awaiting monetary policy announcements by the Federal Reserve (Fed) and the European Central Bank (ECB) on Wednesday and Thursday, respectively.Both the Fed and the ECB are expected to leave interest rates unchanged at their current levels, and warn of upside inflation risks amid elevated energy prices due to the prolonged closure of the Strait of Hormuz.Investors will pay close attention to commentaries from Fed Chair Jerome Powell and ECB President Christine Lagarde to…
USD/JPY is keeping its head below the 160.00 barrier now that the BOJ announced a “hawkish hold” decision. Can the upcoming FOMC decision still spur a big move? Source link
Trump, unhappy with latest peace proposal, says Iran ’figuring out its leadership’ Source link
The ADMA MT5 Indicator is an adaptive dynamic moving average built for the MetaTrader 5 platform. Unlike a standard 50-period Simple Moving Average (SMA) that applies equal weight to past prices, ADMA adjusts its sensitivity based on market volatility and price acceleration. In simple terms, when the market trends strongly, ADMA reacts faster. During sideways conditions, it slows down and smooths out minor fluctuations. That adaptive behavior helps reduce fake-outs during low-volatility sessions like the Asian range on GBP/USD. Technically, most ADMA versions calculate an efficiency ratio similar to Kaufman’s Adaptive Moving Average (KAMA). The formula compares the net price…