Author: FX

We’ve got Australia’s jobs figures lined up this week, and the results could continue to shape RBA policy expectations. Number crunchers are predicting a strong rebound in hiring for September, but the unemployment rate could still tick higher. Here’s what to look out for when trading this top-tier release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

The Auto Envelope MT4 Indicator is designed to create a price channel that adapts automatically to market conditions. It calculates the upper and lower envelope bands around a moving average, showing potential reversal points or areas where prices may stabilize. This gives traders a clear visual idea of price extremes—ideal for identifying when the market might turn back in the opposite direction. It’s a great tool for both beginners and experienced traders looking for a consistent way to track price movements. How It Works The indicator automatically adjusts its envelope levels based on volatility. When the market becomes more active,…

Australia central bank to be cautious, data dependent on future policy Source link

Rabobank says the latest rebound in the U.S. dollar is being driven largely by short-covering, rather than a shift in underlying fundamentals, as much of the bad news and anticipated Federal Reserve rate cuts were already priced in. The bank expects this adjustment phase to extend in the near term, allowing markets to reassess U.S. fundamentals once normal data releases resume.The absence of official U.S. economic data amid the government shutdown is making it difficult to fine-tune expectations around Fed policy, Rabobank notes. Meanwhile, U.S.–China trade developments could influence both inflation and growth forecasts in the coming months, potentially shaping…

NZD/USD is still stuck near multi-month lows approaching the 0.5700 handle, opening up a fresh trading week with limited day-to-day changes but still leaning into the weak side. Federal Reserve (Fed) rate cut expectations and refreshed US-China trade war concerns are driving global markets, spearheaded by strong flows in US Dollar (USD) positioning.The USD side of the docket will dominate Kiwi flows this week, with little of note on the New Zealand side of market focus. The Federal Reserve (Fed) appears to be on pace to deliver two more interest rate cuts through the end of the year, and rate…

The Fed has great sources of information even with the government shutdown.Next year is a long way off in terms of monetary policy.So far seen both labor supply and demand for workers declining at about the same pace.The breakeven rate for monthly jobs is lower than it was and hard to assess right now.Suspect the breakeven rate is lower than 75K per month.Would not want to step on a productivity boomthe Fed should explore what productivity growth can be.Muted tariff inflation so far is a testament to business creativity in managing costs.Do not see the type of demand conditions that…

The Reserve Bank of New Zealand (RBNZ) surprised markets with a larger-than-expected 50bps rate cut, bringing the cash rate down to a three-year low of 2.50% after weaker-than-expected Q2 GDP. How did the New Zealand dollar react, and which among our watchlist pairs yielded the best trading opportunity? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out…

Gold price continues to print record highs, and it passed the $4,100 milestone on Monday during the North American session, as the US-China trade war escalated last week, boosting the safe-haven appeal of Bullion. XAU/USD trades at $4,095, up nearly 2% at the time of writing.Bullion extends record-breaking rally amid tariff threats, central bank demand and ongoing US government shutdownGeopolitics plays a significant role in setting Gold prices, along with central bank buying. Last week, US President Trump threatened to impose 100% duties on China’s goods as retaliation for China’s rare earth metals export controls. Nevertheless, Trump backpedaled as he…

hapabapa AbbVie (NYSE:ABBV) said that the US FDA has updated the indication for its JAK inhibitor Rinvoq (upadacitinib) to allow individuals with ulcerative colitis or Crohn’s disease to be given the treatment after having received at least one approved systemic therapy in Source link

The USD is mixed to start the new trading week in North America. That start will include the stock market which is trading higher as the market reacts to the hostage release in Isreal, and a “new dawn” in the Middle East, but the Bond market will be closed in honor of Columbus Day. Canada is also closed today. The USD is mixed to start the data with gains vs teh EUR, JPY, GBP, CHF but declines vs the AUD. The CAD and the NZD are mixed. In the video above, I take a technical look at the 3 major…