Author: FX
The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan. Source link
GBP/USD looks ready to extend a months-long uptrend! Will Cable see green candlesticks in the next trading sessions? Here’s what we’re seeing on the 4-hour time frame: GBP/USD 4-hour Forex Chart by TradingView The U.S. dollar is clawing back some of the losses it took late in December, with traders leaning into the Greenback as geopolitical jitters drive risk aversion and markets settle into expectations for gradual Fed rate cuts. The British pound didn’t enjoy the same treatment. Even with the U.K. economy looking steadier than many of its peers, Sterling had a rough week against the dollar as traders…
US civil rights pioneer Claudette Colvin dead at 86 Source link
We’ve got a fresh batch of growth figures from the U.K. economy this week! Will the GDP data make or break BOE policy expectations? Source link
The Stochastic indicator compares a currency pair’s closing price to its price range over a set number of periods. George Lane developed it in the 1950s on a simple observation: in an uptrend, prices tend to close near the highs, while downtrends see closes near the lows. The indicator produces two lines—%K and %D—that oscillate between 0 and 100. The %K line is the faster, more reactive line. The %D line smooths out %K, acting like a signal line. When %K crosses above %D near the oversold zone (below 20), it suggests buying pressure is building. A cross below %D…
Summary:Japan stocks extend rally on snap election speculationNikkei breaks above 54,000 for first timeMarkets price fiscal stimulus and stopgap budget riskYen weakens past 159, lowest since July 2024FX jawboning fails to slow equity-yen dynamicJapanese equities extended their rally on Wednesday, pushing further into record territory as speculation mounted that Prime Minister Sanae Takaichi may call a snap lower house election, reinforcing expectations of looser fiscal policy and prolonged yen weakness.According to the Yomiuri newspaper, Takaichi is considering dissolving parliament next week and holding an election on February 8. If confirmed, it would mark her first time facing voters since taking…
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus. Key quotesCentral bank independence delivers better outcomes.Declines comment on political pressure facing the Fed.Inflation above target but not accelerating.Unemployment ticking up but remains contained.Businesses showing less appetite to pass through prices.Market reactionAt the time of writing, the US Dollar Index (DXY) is trading around 99.17, up 0.28% on the day. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has…
Here are the major earnings before the open Wednesday Source link
Article Highlights GBP/USD has slipped back toward a key support zone after a steady pullback. Downside momentum appears stretched, raising the possibility of near-term stabilization. The next few sessions may determine whether this move pauses or extends lower. In today’s session, GBP/USD has slipped back into a support zone where downside momentum has previously cooled. With the oscillator now flashing an oversold condition, traders may start watching for signs that sellers are losing control. The next few sessions should clarify whether this is a pause in the decline or just another leg lower. Let’s examine what this oversold signal may…
Wall Street falls with financials amid credit card rate plan concern Source link