Author: FX
A few words from Britain’s new prime minister jolted gilts and Sterling, revealing how bond markets can punish fiscal uncertainty. Source link
EUR/USD is testing resistance on the 4-hour time frame but its longer-term uptrend is intact. Where will the upcoming ECB decision take this pair? Source link
Goldman Sachs says Brent might rise above $120/bbl if Hormuz remains disrupted !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7917 compared to the previous day’s fix of 6.7948 and 6.7706 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese…
The 50 Body Candle Indicator MT4 was designed to make that decision easier. Instead of treating every candle the same, it highlights candles whose body size meets a predefined percentage, helping traders focus on moves backed by stronger momentum. This simple visual filter can improve trade selection and reduce emotional decisions during active market sessions. Price action still comes first, but this indicator gives traders another way to judge market strength. The sections below explain how it works, where it performs best, and how experienced traders often combine it with other technical tools. What Is the 50 Body Candle Indicator…
A ninth night of U.S. strikes on Iran and a fresh Houthi threat kept oil volatile, pushed safe-haven flows into the dollar, and left stocks close to flat. Source link
US stocks reverse sharply as Middle East tensions erase early rally !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
TD Securities’ commodity strategy team highlights that, after a five‑week reduction in Copper longs, speculators have resumed adding net length, supported by firm Chinese premiums, low arrivals and inventory draws on the LME and SHFE. While these factors could underpin further length additions, expectations of more Fed tightening may prompt quick position trimming if Copper fails to extend recent gains.Tight physical market supports cautious length”After a five-week unwind in copper longs, speculators returned to adding net length, with long exposure slightly outpacing new shorts.””Physical conditions remained supportive, with premiums in China continuing to firm, as low arrivals and inventory draws…
Prior month 0.1% Leading economic index -0.2% versus -0.1% estimateJustyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board said:“In June, the Leading Economic Index (LEI) for the US declined and partially reversed gains registered in May and April. While some components of the LEI were little changed, the largest positive contribution from the yield spread, followed by marginal positive input from the remaining financial components, were not enough to offset weak consumer expectations and a drop in building permits across most of its categories. Despite the recent decline, the LEI’s six- and twelve-month growth rates, while negative,…
HSBC strategists see NZD/USD supported by New Zealand’s strengthening growth data and an aggressive Reserve Bank of New Zealand (RBNZ) hiking path. The RBNZ has begun raising rates and HSBC Economics projects 25bp hikes per quarter to 3.50% by Q3 2027. The stance is viewed as NZD-positive, though the currency’s high sensitivity to global growth and Middle East-related risks is highlighted.Kiwi buoyed by policy but growth risks”New Zealand’s growth upswing appears to be gaining traction, with retail sales rebounding, consumer sentiment improving and the PMI rising to 59.7 in June.””The Reserve Bank of New Zealand (RBNZ) delivered its first hike…