Author: FX
AUD/JPY is testing a key support as BOJ tightening risks collide with Australia’s hawkish rate outlook and resilient Chinese economic data. Source link
There are just a couple of expiry levels to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1600 and 1.1650 levels. The current spot price is effectively sitting in between two very large strikes, so that creates a potentially important 1.1600–1.1650 expiry zone. One which could see hedging-related flows could contribute to more two-way or more choppy price action into the cut.But all else being equal, the expiries can also act as bookends in keeping price action more limited within the range for the session ahead. That until we get to the…
The AUD/JPY cross loses momentum to near 110.75 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid rising expectations of a near-term interest rate hike by the Bank of Japan (BoJ). According to a Reuters poll, the BoJ is likely to hike interest rates to 1.25% at its September policy meeting and then to 1.75% in the second quarter (Q2) of 2027, earlier than previously thought. BoJ board member Kazuyuki Masu said on Thursday that the central bank may eventually be forced to raise interest rates rapidly if inflation accelerates, given the country’s…
Fresh trade and inflation numbers out of Beijing this week show why Australia and New Zealand still can’t escape their biggest customer. Source link
The Non Repaint Binary Indicator MT4 is designed for traders who want signals that remain fixed after they appear. Instead of moving an old arrow when new price data arrives, a non-repainting approach aims to keep historical signals unchanged. That makes backtesting and chart review more meaningful.Still, no indicator can remove market risk. The real value comes from combining the signal with price action, trend direction, support and resistance, and sensible money management. Here’s how traders can approach it in actual MT4 trading.What Is the Non Repaint Binary Indicator MT4?The Non Repaint Binary Indicator MT4 is a technical analysis tool…
CAD/CHF has formed higher lows and higher highs inside an ascending channel, but it looks like a correction is brewing. Better keep tabs on these inflection points! Source link
PBOC is expected to set the USD/CNY reference rate at 6.7074 – Reuters estimate !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Uncle Sam drops its CPI report while Fed policymakers are in their blackout period, potentially leading to a more volatile USD reaction to the numbers. Source link
Gold price (XAU/USD) recovers to near $4,400, snapping the three-day losing streak during the early Asian session on Thursday. The precious metal gains ground amid a weaker US Dollar (USD). Traders will closely monitor the key US inflation data later this week, which could provide fresh clues on the Federal Reserve’s (Fed) next interest rate decision. Reuters reported on Wednesday that Iran said it had attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, in the biggest wave of attacks on shipping by both sides since the start of the six-month-old war.Renewed tensions in the…
British Pound catches bid as Oil-USD link breaks ahead US CPIThe Pound Sterling (GBP) advances on Wednesday during the North American session, up 0.15% against the US Dollar (USD) to 1.3560, with no clear catalyst, as the conflict in the Middle East prolongs and traders brace for US inflation data. Read More…GBP/USD Price Forecast: Strengthens above 1.3550, upside bias intact while holding above 100-day SMAThe GBP/USD pair trades in positive territory around 1.3550 during the early European trading hours on Wednesday. UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment…