Author: FX
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9929 compared to the previous day’s fix of 7.0019 and 6.9481 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese…
The Breakout Probability MT4 Indicator analyzes price compression and volatility to assign a percentage likelihood to potential breakouts. Unlike simple support and resistance indicators, this tool calculates the statistical probability of price breaking through a defined range based on current market conditions. The indicator displays probability percentages above consolidation zones, typically ranging from 0% to 100%. A reading above 70% suggests favorable conditions for a breakout, while readings below 30% indicate the range may hold. But here’s the thing—these aren’t guarantees. They’re statistical edges based on pattern recognition. Most versions show dual probabilities: one for upside breaks and another for…
Markets rallied on Thursday as geopolitical tensions eased following President Trump’s withdrawal of threatened tariffs against European allies, while solid US economic data reinforced expectations for the Federal Reserve to maintain its cautious approach to policy adjustments. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: New Zealand Electronic Retail Card Spending for December 2025: -1.0% y/y (1.8% y/y forecast; 1.6% y/y previous) New Zealand Visitor Arrivals for November 2025: 8.2% y/y (4.0% y/y forecast; 9.4% y/y previous) Japan Balance of Trade for December 2025: 105.7B (-400.0B…
Article Highlights GBP/JPY closed above its upper Bollinger Band, signaling a short-term volatility extension. The move puts focus on whether price reverts toward the 20-day mean or continues a bullish band walk. Follow-through near the 214.10–214.30 resistance zone will be key for confirmation or rejection. GBP/JPY just pushed into an area that often gets traders’ attention: the outer edge of its recent volatility range. Moves like this can appear to be a sign of strength on the surface, but they can also indicate “stretch” conditions that may not persist without follow-through. With price now extended relative to its 20-day baseline,…
New Zealand inflation data:Analysts expect New Zealand consumer prices to have increased by around 0.5% in the December quarter, leaving annual inflation steady at 3.0%. The quarterly rise is largely attributed to higher petrol prices and seasonal increases in travel and accommodation costs over the holiday period. These pressures were partly offset by a typical seasonal decline in food prices. Beneath the headline figures, measures of core inflation have continued to ease over the past year, with most indicators now sitting in the 2–3% range. This projection is above the RBNZ’s November MPS forecast of 0.2% quarterly inflation and an…
In our previous update, we found that by using the Elliott Wave (EW) Principle for the NASDAQ 100 (NDX) Source link
TD Cowen is out with a bullish report on the metals complex, arguing the macroeconomic setup for the next several years is the strongest in years. The core thesis rests on chronic underinvestment colliding with supply deficits, creating a particularly favorable environment for copper and uranium.The supply side of the copper equation is tightening significantly. Supply growth in 2025 fell to just 1.4%, marking the lowest levels since the pandemic. This output gap is the cumulative result of years of insufficient capital expenditure and recent high-profile mine disruptions. Consequently, forecasts for copper deficits have been extended through 2027, prompting a…
The Pound Sterling (GBP) is slightly weaker against the dollar, underperforming most G10 peers as renewed political uncertainty triggers brief volatility in the gilt market, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Gilt volatility weighs on Pound”The pound is soft, down a fractional 0.1% vs. the USD and relative underperformer against all of the G10 currencies with the exception of JPY. Renewed political uncertainty appears to generating some modest turbulence in the UK gilt market with yields jumping (and subsequently reversing) about 4bpts on rumors of a potential challenge to PM Starmer’s leadership.” “The prospect of renewed…
With all the headlines centering around Greenland, it’s easy to overlook this bit involving the US Supreme Court yesterday. The court justices were involved in hearing arguments over US president Trump’s efforts to fire Fed governor Lisa Cook. And some of the comments made were worth taking note of.To provide some backdrop, solicitor general John Sauer is the one tasked with arguing why Trump should be allowed to sack Cook. And the justices are the ones hearing that argument and rightfully question the intention and rightfulness of the matter.Justice Brett Kavanaugh, appointed by Trump himself, offered some strong words in…
Here is what you need to know on Thursday, January 22:Market mood improves in the second half of the week as tensions between the United States (US) and the European Union (EU) ease. In the American session, the US Bureau of Economic Analysis will publish a revision to the third-quarter Gross Domestic Product (GDP) data and release the Personal Consumption Expenditure (PCE) Price Index figures for October and November. Additionally, investors will pay close attention to the weekly Initial Jobless Claims data. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed…