Author: FX
A bearish moving-average signal appears on NZD/USD, but will follow-through validate the crossover? Source link
Count slows in Peru as presidency likely hinges on contested votes Source link
Trump scrambling for ideas to end his stalemate. Reports are that one option under discussion was for a large strike campaign, but short in duration. Goal is to convince Iran to change its position in the negotiations. This article was written by Eamonn Sheridan at investinglive.com. Source link
The EUR/USD pair trades near the 1.1550 region on Thursday as the Euro (EUR) remains little changed despite expectations that the European Central Bank (ECB) will raise interest rates at its upcoming policy meeting. Investors remain cautious ahead of the decision, focusing on policymakers’ guidance regarding the future path of monetary policy.Markets widely expect the ECB to deliver a 25-basis-point rate hike as officials continue their efforts to bring inflation back toward target. However, uncertainty over the pace of future tightening and concerns about the Eurozone’s economic outlook have limited demand for the shared currency ahead of the announcement.Meanwhile, the…
Gold extended its decline today after breaking below its 200-day moving average yesterday, a key technical development. The 200-day moving average currently sits at $4,415.51, and the break marked the first sustained move below that benchmark since November 2023. The last meaningful test came in March of this year, when buyers successfully defended the level and pushed prices back higher.Looking at the daily chart, the next major downside targets are coming into focus. The price is approaching the March 2026 low at $4,098.74. Just beneath that level sits the 38.2% retracement of the rally from the September 2022 low at…
ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting. With markets likely to price further tightening, ING sees EUR/CZK testing 24.00 next week and expects more Koruna gains as Czech Republic becomes an early hiker in EM.CNB tightening cycle paints bullish FX picture”Without much surprise today, the CNB seems to be heading for a rate hike at the June meeting next week. The blackout period before the meeting starts on Thursday and we are likely…
Given the circumstances, BOJ deputy governor Himino will be the one to chair the monetary policy meeting next week. Policymakers will be convening for the two-day meeting with the decision set to be announced on 16 June.As for the press conference duty, that will be delegated to BOJ deputy governor Uchida instead.I don’t expect this to change anything for the BOJ in terms of how the interest rate decision will play out. They are still widely expected to raise the policy rate by 25 bps to 1%. The only question now is will Uchida step in to communicate a more…
The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% on Wednesday. This would be the fifth consecutive gathering with the bank keeping its hand steady.At its April event, the BoC left rates unchanged at 2.25%, as expected, but the overall message was far from dovish.While policymakers see some softness in near-term growth, inflation is proving a little more stubborn than anticipated, with wage growth still running in the 3% to 3.5% range. In other words, the economy is slowing, but not enough to completely remove inflation concerns.Governor Tiff Macklem reiterated that there is…
The Highway Indicator MT4 is a trend-following technical tool designed to highlight the primary direction of the market. Visually, it often appears as multiple moving lines forming a channel or “road” on the chart. Price tends to move within this channel when a trend is active. At its core, the indicator is based on variations of smoothed moving averages. Instead of a single average line, it combines several averages with different periods. This layered structure reduces random noise while still reacting to genuine trend shifts. Think of it like observing traffic on a highway. Cars might change lanes, but the…
The ECB faces one of central banking’s hardest dilemmas on Thursday, and understanding it helps explain why the euro could swing sharply either way. Source link