Author: FX
There is arguably just one to take note of on the board for the day, as highlighted in bold below.That being for GBP/USD at the 1.3450 level. It isn’t one that might factor into play but if we do see an upside extension to the daily range in the session ahead, the expiries could pair with key near-term levels to limit any push higher. The 100-hour moving average sits at 1.3440 currently with the 200-hour moving average seen at 1.3461. The latter helped to hold gains in overnight trading before a light dip into trading today. But in terms of…
The USD/CHF pair holds onto gains near the monthly high of 0.8000 during the late Asian trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar continues to outperform on expectations that the Federal Reserve (Fed) will pause its monetary-easing cycle this month.At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, ticks up to near 99.17. The DXY is close to its monthly high of 99.26 posted last week. US Dollar Price Last 7 Days The table below shows the percentage change of US Dollar (USD) against…
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GBP/JPY is taking a breather after several straight sessions of gains! Are we seeing a trend pullback? Or the start of a longer-term bearish reversal? We’re zooming in on the 4-hour time frame for more clues: GBP/JPY 4-hour Forex Chart by TradingView The British pound traded mixed on Wednesday as risk sentiment grew shaky, with geopolitical tensions and fresh worries about Fed independence weighing on markets. Meanwhile, the Japanese yen caught a bit of a break. Traders likely took profits after its recent slide, while renewed talks about possible currency intervention from Japanese officials helped put a floor under the…
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EUR/AUD has been cruising lower inside a descending channel and looks ready to make another pullback to resistance. Are sellers just waiting to hop in soon? Take a look at these inflection points on the 4-hour chart! EUR/AUD 4-hour Forex Chart by TradingView Strengthening expectations for an RBA interest rate hike appear to be propping up the Australian dollar these days while weak spots in eurozone data are clouding the ECB’s neutral outlook. At the same time, improvements in risk-taking are providing additional support for the higher-yielding AUD, along with expectations of additional stimulus from China. Can EUR/AUD sustain its…
The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.The previous close was 6.9739.PBOC injects 179.3bn yuan through 7-day reverse repos at an unchanged rate of 1.4%. Source link
The VWAP (Volume Weighted Average Price) MT4 Indicator offers a solution by combining both price and volume into a single, clear metric. It helps traders see the real market trend and make smarter, more informed decisions, reducing guesswork and improving trading accuracy. Understanding the VWAP MT4 Indicator The VWAP MT4 Indicator calculates the average price of an asset weighted by trading volume. Unlike simple moving averages, it gives more importance to periods with higher trading activity, making it a more accurate reflection of the market. Traders often use VWAP to confirm trend direction, identify potential support and resistance levels, and…
US President Trump said that he would impose a 25% tariff on select semiconductors, including the Nvidia H200 AI processor and a similar semiconductor from AMD called the MI325X, Reuters reported on Wednesday.The proclamation, which cited national security as a justification, is part of a broader attempt to create incentives for chipmakers to produce more semiconductors in the United States and decrease reliance on chip manufacturers in other countries like Taiwan.Market reactionAs of writing, the AUD/USD pair is down 0.04% on the day at 0.6680. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products.…
Markets delivered mixed signals on Wednesday as precious metals surged to historic highs amid geopolitical tensions and Federal Reserve independence concerns, while equities declined despite stronger-than-expected economic data that included robust retail sales and moderate producer price inflation. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. API Crude Oil Stock Change for January 9, 2026: 5.27M (-2.8M previous) New Zealand Building Permits for November 2025: 2.8% m/m (1.0% m/m forecast; -0.9% m/m previous) Japan Reuters Tankan Index for January 2026: 7.0 (11.0 forecast; 10.0 previous)…