Author: FX
The EUR/JPY cross trades on a flat note near 183.80 during the early European session on Wednesday. Earlier this week, the Bank of Japan’s (BoJ) December meeting “Summary of Opinions” showed several board members advocating for a continued tightening path and additional rate hikes in 2026. The Japanese Yen (JPY) initially strengthened against the Euro (EUR) following the report. However, traders have been disappointed with the slow and cautious pace of the BoJ’s monetary tightening, which might cap the upside for the JPY. On the other hand, the European Central Bank (ECB) held interest rates steady in December and hinted that they…
China’s factory activity snaps record slump on festive stockpiling Source link
It was a relatively subdued New Year’s Eve session across financial markets, with professional participants largely still in holiday mode. Liquidity was thin and price action muted, with most desks effectively waiting for markets to return in earnest from January 5. Despite the quiet backdrop, China delivered a cluster of data points that were notably better than expected and provided a modestly constructive end-of-year signal.China’s official manufacturing sector unexpectedly returned to expansion in December, snapping an eight-month run of contraction. The headline manufacturing PMI rose to 50.1 from 49.2 in November, moving back above the 50 threshold that separates expansion…
TL;DR summary: OPEC+ is widely expected to reaffirm its planned pause in oil output increases at a meeting this weekend, as evidence builds of a growing global supply surplus and slowing demand growth. With crude prices under sustained pressure, the group appears inclined to prioritise market stability over further production hikes.—OPEC+ is expected to stick with its decision to pause further oil supply increases when it meets this weekend, amid rising concerns that the global market is already slipping into oversupply, according to multiple delegates familiar with the group’s discussions.Key members of the alliance, led by Saudi Arabia and Russia,…
The Two M-Fibonacci and M-Candles MT4 Indicator is designed to address this problem by combining advanced Fibonacci levels with smart candle analysis, giving traders clear signals and better timing. In this article, we’ll explore how it simplifies trading decisions and enhances accuracy. How the Indicator Works The Two M-Fibonacci and M-Candles MT4 Indicator blends two powerful tools into a single trading solution. The Fibonacci component identifies key support and resistance levels based on market trends, helping traders anticipate price reversals and potential breakout zones. Meanwhile, the M-Candles feature visually highlights bullish and bearish patterns, allowing users to confirm Fibonacci signals…
Article Highlights MACD posts a fresh bearish crossover near recent highs, hinting that EUR/USD’s multi-week upside momentum is starting to fade. Price has pulled back from the 1.1800 area and is now drifting toward nearby support around 1.1700–1.1710. Momentum is turning lower beneath resistance, but the move may still prove to be a pause rather than a full trend reversal. EUR/USD has produced a subtle but notable shift in momentum under the surface. While price is only modestly lower, the MACD line has just rolled over against its signal line, hinting that the recent climb may be losing steam. Traders…
TL;DR summary:China is extending a value-added tax (VAT) exemption on certain residential property sales, adding another incremental policy measure aimed at stabilising its long-running real estate downturn. While the move lowers transaction costs for homeowners, it underscores Beijing’s preference for targeted relief rather than more forceful intervention.—China will extend a policy waiving value-added tax on selected home sales, as authorities continue to search for ways to ease the country’s persistent property slump without deploying more aggressive stimulus measures.Under the policy, individuals selling residential properties they have owned for at least two years will remain exempt from paying VAT, according to…
USD/JPY remains caught in near-term congestion just north of the 156.00 handle during the final week of 2025’s trading year. Yen traders are battling headwinds on multiple fronts, with the Bank of Japan (BoJ) carrying much of the vexation risk for Yen markets.The BoJ broke away from the pack as the only central bank raising interest rates heading into the end of the year after delivering another quarter-point interest rate hike on December 19. Further rate hikes. The current cash rate from the BoJ currently sits at a three-decade peak of 0.75%.Even with climbing Japanese interest rates, the world’s favorite…
Court allows Trump-backed cuts to Planned Parenthood’s Medicaid funding in 22 states Source link
Here’s what you need to know on Wednesday, December 31st:The highlight of the day was the Federal Open Market Committee (FOMC) Minutes from the December meeting, released in the American afternoon. The Minutes showed that most participants are willing to deliver additional rate cuts if inflation declines over time. The document also showed that economic growth is projected to move modestly faster than at the October meeting.US Dollar Index (DXY) trades in the 98.20 price zone on Tuesday, gaining 0.2% for the day as the market digests the Federal Open Market Committee (FOMC) minutes released earlier today US Dollar Price…