Author: FX
Gold prices rose in India on Thursday, according to data compiled by FXStreet.The price for Gold stood at 15,307.91 Indian Rupees (INR) per gram, up compared with the INR 15,179.11 it cost on Wednesday.The price for Gold increased to INR 178,547.30 per tola from INR 177,046.10 per tola a day earlier.Unit measureGold Price in INR1 Gram15,307.9110 Grams153,076.40Tola178,547.30Troy Ounce476,132.70FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…
Instant View: China sets 2026 growth target at 4.5%–5%, below last year’s pace Source link
Remember that descending triangle we were watching on bitcoin a few days back? The OG crypto just made a bullish breakout and may be gathering more upside momentum. Take a look at these potential pullback levels on the 4-hour chart. Bitcoin (BTC/USD) 4-hour Chart Faster with TradingView Risk-off flows spurred by heightened US-Iran geopolitical tensions over the weekend appeared to renew the safe-haven appeal of bitcoin, though the modest rebound in equities from defense sector rallies could also be providing tailwinds. BTC/USD has since busted through the top of its triangle consolidation pattern to hint that further gains are possible.…
The Higher High Higher Low indicator for MT5 addresses this by doing one thing exceptionally well: it marks swing points and validates trend structure automatically. When price creates higher highs and higher lows in an uptrend (or lower highs and lower lows in a downtrend), the indicator confirms it visually. No guesswork, no subjective interpretation—just clear structure validation. What the Higher High Higher Low Indicator Actually Does The HHHL indicator identifies and labels swing points on your chart. It scans price action to detect when recent highs exceed previous highs (higher highs) and recent lows stay above previous lows (higher…
The China National People’s Congress kicks off today and the five-year growth targets and plan are out, with Reuters obtaining a copy.2026 GDP target set at 4.5% to 5%CPI target set at around 2%Growth rate set for ‘reasonable rate’ for the next five yearsWill set 2026 budget deficit at 4% of GDPPlan will stick to strategic aim of expanding domestic demandWill implement more proactive fiscal policyUnchanged quote on local government special bondsWill set up efforts to improve people’s livelihoodsAims to achieve greater self-reliance and strength in science and technologyWill address risks from real estate, local gov’t debt, small and medium…
The Australian Trade Data OverviewThe Australian Bureau of Statistics will publish its data for January on Thursday at 00.30 GMT. Australia’s Trade Surplus is expected to widen to 3,900M MoM in January, compared to 3,373M in December.Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.How could the Australian Trade Data affect AUD/USD?AUD/USD trades on a positive note on the day in the lead up to the Australian Trade Data. The pair gains…
Markets rebounded sharply on Wednesday as unexpectedly robust U.S. economic data suggested the economy remains resilient despite escalating geopolitical tensions in the Middle East, with risk assets rallying broadly while the dollar weakened against most major currencies. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Australia AIG Manufacturing Index for February 2026: -15.6 (-19.0 forecast; -19.4 previous) Australia GDP Growth Rate for December 31, 2025: 0.8% q/q (0.8% q/q forecast; 0.4% q/q previous); 2.6% y/y (2.5% y/y forecast; 2.1% y/y previous) Japan S&P Global Services PMI…
Well folks, the Australian GDP numbers came in stronger than expected on the headline, but as we dig into the details and look at what markets are actually doing, the picture gets considerably murkier. Let’s walk through what happened and why AUD/CHF might offer the cleanest risk-reward for those considering a short-term bearish setup—though we’ll be upfront: this is a low-conviction environment that demands flexibility and tight risk management. Source link
Below is a summary of the Beige Book from a national ad regional perspective:National PerspectiveOverall Economic ActivityEconomic activity rose at a slight to moderate pace in 7 of 12 districts, while 5 districts reported flat or declining activity, an increase from four previously.Consumer spending increased slightly overall, but two districts reported declines, citing economic uncertainty, higher price sensitivity, and reduced spending by lower-income households.Retail traffic weakened in areas hit by winter storms, and one district noted immigration enforcement reduced demand in urban areas.Auto sales were generally lower, with affordability concerns cited as the primary driver.Manufacturing activity improved overall, with 8…
With Middle East tensions still dominating headlines, markets are buzzing about what the closure of the Strait of Hormuz could mean for the global economy. Are recession bells about to ring soon? The Strait of Hormuz, which is that narrow stretch of water between Iran and Oman, has been called the world’s most important energy crossroads. And right now, it’s effectively closed to commercial shipping. Here’s why its shutdown could be a huge deal for markets, economies, and your trading portfolio. The Basics: What Is the Strait of Hormuz? The Strait of Hormuz is a slim waterway, barely 33 km…