Author: FX
EUR/JPY faces a crucial ECB test as yen strength collides with rate hike expectations from both sides of the pair. Source link
GBP/CAD recently broke through its descending triangle bottom and appears to be pulling up for a retest. Will resistance hold? Source link
Real yields, not headlines, explain most of gold’s swings this year. Here’s how to read the relationship before Friday’s CPI. Source link
Japan GDP revision cements BOJ hike bets, yen and Nikkei in focus !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Gold price (XAU/USD) drifts lower to near $4,410 during the early Asian session on Tuesday. The precious metal extends the decline as a stronger-than-expected US Nonfarm Payrolls (NFP) report for August bolsters expectations for a Federal Reserve (Fed) interest rate hike this month.Data last week showed that US NFP climbed by 162K in August, versus an upwardly revised rise of 21K prior, above the market consensus of 56K. Meanwhile, the Unemployment Rate in the US held steady at 4.1% during the same period.Traders see a 60% odds of an interest rate hike at the Fed’s policy meeting next week, compared…
USD/JPY’s RSI reached oversold territory as price broke below recent support. Will sellers keep pressing lower, or can buyers spark a rebound? Source link
Crude oil futures are trading higher, with the current price up $1.27, or 1.39%, at $92.75. The high price reached $93.29, while the low was at $90.87.Technically, the price moved lower earlier today, but the decline stalled near the rising 100-hour moving average, currently at $91.04. Holding that moving average gave buyers the go-ahead to push the price back to the upside.The rally extended above the 50% midpoint of the move down from the April 2026 high to the July low. That retracement level comes in at $92.47. However, buyers have so far been unable to extend above the swing…
British Pound climbs as USD fades, Hormuz risk keeps Fed in playThe Pound Sterling rises by over 0.23% amid thin trading conditions, as US markets remained closed for the Labour Day weekend, while the US-Iran conflict escalated, with both countries exchanging strikes around the Strait of Hormuz. The GBP/USD trades at 1.3541. Read More…British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyedThe British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United…
If applied properly, hybrid forex trading can combine the best of both mechanical and discretionary methods. How exactly can you do that? Source link
investingLive European session wrap: Oil climbs, yen surges amid US holiday !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link