Author: FX
Scotiabank strategists Shaun Osborne and Eric Theoret note that the British Pound (GBP) is consolidating recent gains around 1.3400, with domestic risk elevated ahead of next week’s CPI, labour data and the Bank of England decision. Markets expect a hold but price about 35 bps of tightening by year-end. Technically, GBP/USD is recovering, supported in the low 1.33s and capped near the 50-day moving average around 1.3469.BoE guidance and politics keep risks elevated”The pound is also quietly consolidating Thursday’s sentimentdriven gains and trading within a relatively tight range around 1.3400, entering Friday’s NA session flat to the USD with a…
Headlines:Markets:WTI crude down 3.5% to $84.60US dollar little changed, keeps steadierEquities stay optimistic, European indices trade over 1% higherS&P 500 futures up 0.5%, Nasdaq futures up 0.5% with eyes on SpaceX debutUS 10-year yields down 0.2 bps to 4.46%Gold down 0.2% to $4,204Bitcoin up 0.4% to $63,631The main story of the session was that Iran has emerged with key details of its deal with the US. And it is either a case of there going to be another major TACO moment or this deal is going to fall apart before it even begins.The details point to many concessions being offered…
Nordea’s Jan von Gerich expects Kevin Warsh’s first FOMC meeting on 17 June to deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing. He thinks Warsh will seek consensus and credibility rather than appeasing political pressure, and any communication changes will be signalled rather than implemented immediately.Dot plot seen shifting away from cuts”After the ECB’s rate hike, the focus will now shift to the FOMC next week, with the decision out on Wednesday 17 June.””Will Warsh try to forge consensus and side with more neutral or even…
German government spending only thing preventing GDP fall, Bundesbank says Source link
The MT5 Wave Indicator is a technical tool that visualizes market momentum through oscillating wave patterns. Unlike simple moving averages, it measures the rhythm of price swings to identify potential trend continuations or reversals. Traders often use it alongside traditional support and resistance levels to confirm signals. For example, on GBP/USD 1-hour charts during the London session, wave peaks can highlight when bullish momentum is peaking, while troughs suggest short-term exhaustion. The indicator works by converting price movements into a smoothed wave line. This allows traders to see underlying momentum shifts that aren’t immediately obvious on candlestick charts. While it…
CPI +2.6% vs +2.6% y/y prelimPrior +2.9%HICP +2.7% vs +2.7% y/y prelimPrior +2.9%More to come.. This article was written by Justin Low at investinglive.com. Source link
USD/IDR extends its gains for the third consecutive day, trading around 17,950 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support amid renewed risk aversion following fresh military friction in the Middle East, which tempered recent diplomatic optimism.Fox News reported that US forces intercepted and shot down two Iranian one-way attack drones near the critical Strait of Hormuz after they attempted to target commercial vessels. Conversely, Iranian state media attributed explosion sounds in Sirik to a confrontation with a vessel breaching the waterway. They claimed the Islamic Revolutionary Guard Corps (IRGC) issued a…
EUR/GBP is testing long term support near 0.8620, where bullish wicks could signal a bounce toward the 0.8670 pivot area. Source link
WTI crude has shed more than $30 from its March peak. Now it is sitting at a major technical crossroads, and whether it holds or breaks likely depends on a diplomatic decision more than a chart pattern. Source link
The Forex Market Sentiment Indicator MT5 tackles this head-on. By translating market sentiment into visual signals, it helps traders understand when buyers or sellers dominate. That clarity allows for more precise entries and exits, reducing costly mistakes. While no tool guarantees success, this indicator can give traders a structured view of market pressure. Next, we’ll explore exactly how it works, how to use it in practice, and what settings can optimize its performance across currency pairs. What the Forex Market Sentiment Indicator Is At its core, the Forex Market Sentiment Indicator MT5 measures the balance of bullish versus bearish activity.…