Author: FX
The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Wednesday, with the USD/INR pair slumping almost 0.5% to near 89.80. The Indian currency has strengthened as the Reserve Bank of India (RBI) has intervened to counter one-way excessive moves in favor of USD/INR, according to Reuters.This is the RBI’s first intervention of 2026. In December 2025, the RBI intervened multiple times after USD/INR hit an all-time high of 91.55.However, the pair is expected to remain under pressure as renewed trade frictions between the United States (US) and India, and the consistent Foreign Institutional Investors (FIIs) selling in…
The EMA Zone Buy Sell Signals indicator works by creating colored zones around exponential moving averages on a trader’s chart. When the price moves into specific zones and meets certain conditions, the indicator generates visual signals—usually arrows or alerts—that tell traders when to consider buying or selling. The beauty of this tool is its simplicity. Instead of staring at multiple indicators and trying to piece together what they mean, traders get clear signals that cut through the noise. The indicator uses EMAs because they respond faster to recent price changes than regular moving averages, which helps traders catch trends earlier…
Australia’s November CPI fell to 3.4%, missing the 3.8% forecast. But sticky core inflation keeps RBA hawks alive. AUD/JPY’s breakout above 105.25 warrants a further look. Source link
USD/CAD is seeing a strong start to the year after losing a lot of ground in late December! How high can USD/CAD fly before it catches the attention of enough U.S. dollar bears? We’re taking a closer look at a potential resistance zone that might rain on the bulls’ parade this week. USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar wrapped up Tuesday higher as traders largely brushed aside weak U.S. leading indicators and leaned into the idea that the U.S. economy is still holding up better than most of its peers. The Canadian…
The Reserve Bank of India have stepped into the FX market with intervention so support the rupee. Yesterday I reported on four consecutive days of INR weakness, the RBI acting to avoid a fifth today. The rupee’s recent slide has been driven mainly by early-year importer hedging demand, compounded by a lack of strong foreign equity inflows. Market participants say these persistent structural flows have outweighed sporadic central-bank support, leaving the currency exposed to further downside pressure.Sentiment has also been dented by a deterioration in the US–India trade backdrop. Over the weekend, Donald Trump warned that Washington could consider higher…
The Japanese Yen (JPY) remains on the back foot against its American counterpart through the Asian session on Wednesday, though any meaningful depreciating move seems elusive. Against the backdrop of Japan’s fiscal concerns, the prevalent risk-on environment, and the uncertainty about the likely timing of the next interest rate hike by the Bank of Japan (BoJ) turn out to be key factors undermining the JPY.The BoJ, however, is still expected to stick to its policy normalization path, which marks a significant divergence in comparison to rising bets for more interest rate cuts by the US Federal Reserve (Fed). The latter…
The Pi Cycle Top Indicator is a technical analysis tool that traders use to identify possible market tops, particularly in cryptocurrency markets like Bitcoin. It got its name from the mathematical constant Pi (3.14), which plays a role in how the indicator calculates its signals. The indicator works on the MetaTrader 5 (MT5) platform, making it accessible for traders who already use this popular trading software. Unlike some complicated indicators that require a PhD to understand, this one keeps things pretty straightforward with just two moving averages doing the heavy lifting. How the Indicator Works The magic happens when two…
ETH/USD has pushed higher in recent sessions, and momentum has now reached extreme overbought territory on the Stochastic oscillator. This type of development can sometimes precede a cooling-off phase, especially after a persistent climb from recent lows. Traders watching for shifts in short-term sentiment may find this a notable juncture to reassess risk and potential scenarios. Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We use these alerts as the basis for a mini-lesson, breaking down what each alert means, why it matters, and how traders might interpret…
Summary:Morgan Stanley forecasts gold at $4,800/oz by Q4 2026Falling rates and Fed leadership change seen as key driversCentral-bank and fund buying expected to remain strongGeopolitical risk adds to gold’s safe-haven appealSilver outlook supported by supply deficits and China export controlsGold could extend its historic rally well into 2026, with Morgan Stanley forecasting prices to reach $4,800 per ounce by the fourth quarter of 2026, according to a research note dated January 5. The bank expects a powerful combination of monetary, institutional and geopolitical forces to underpin further gains following bullion’s exceptional performance last year.The forecast builds on expectations of a…
The Australian Bureau of Statistics (ABS) will publish the Consumer Price Index (CPI) data for November at 00:30 GMT on Wednesday.This is the second complete monthly CPI report, as the government continues to transition from the quarterly CPI to the monthly gauge as the primary measure of headline inflation.“However, the RBA has said it still prefers the quarterly prints for a better gauge of inflation trends, given the new data can be volatile,” according to Reuters.The inflation report is eagerly awaited to gauge the next interest rate move by the Reserve Bank of Australia (RBA), which could significantly impact the…