Author: FX
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan’s Household Spending unexpectedly fell at the fastest pace in nearly two years in October. Bank of Japan (BoJ) Governor Kazuo Ueda earlier this week lifted market expectations for an imminent interest rate hike as early as this month. Furthermore, a reflationary push by new Prime Minister Sanae Takaichi keeps Japanese government bonds (JGB) yields elevated and continues to underpin the lower-yielding JPY.Apart from this, a cautious mood around the equity markets is seen as another factor that…
AUD/CAD is chillin’ like a villain at the very top of its long-term range, still deciding whether to make a break for it or head back to nearby support zones. Take a look at these potential upside and downside targets on the 4-hour chart. AUD/CAD 4-hour Forex Chart by TradingView This forex pair has been tossing and turning between support around the .9075 mark and resistance at the .9225 level for the past three months. Upbeat jobs and inflation data from Australia have been highlighting the RBA’s shift to a less dovish stance while risk-taking has generally favored the higher-yielding…
The Draws Renko Boxes in Normal TF MT4 Indicator converts price movements into Renko-style boxes without changing the standard timeframe of your chart. Each box represents a fixed price movement, allowing traders to see trends more clearly. Unlike standard charts, small fluctuations are filtered out, which reduces market noise. This makes it easier for traders to identify the strength of a trend, whether the market is trending or ranging, and where potential reversals might occur. Benefits for Traders One major advantage of this indicator is its simplicity. Traders no longer need to analyze dozens of candlesticks to understand market direction.…
The Bank of Japan appears to have won its first major policy test with Prime Minister Sanae Takaichi, securing tacit government approval for a December rate hike to 0.75%. Reuters have the opinion piece, I’ve summarised into a much more concise quick read. BoJ Governor Ueda effectively pre-signalled the move in a recent speech, and both Finance Minister Katayama and key government advisers offered no resistance, an unusually smooth response from an administration that had previously criticised early tightening.A weak yen and the political sensitivity around inflation helped shift the government’s stance, giving Ueda room to proceed with gradual normalisation.…
Markets treaded water on Thursday as traders positioned cautiously ahead of next week’s Federal Reserve decision, with oil leading gains while Bitcoin extended its retreat from recent highs. Mixed economic signals—unexpectedly strong U.S. jobless claims data alongside weak Canadian activity readings—left major asset classes range-bound for most of the session, though oil managed to rally on geopolitical developments. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Australia Balance of Trade for October 2025: 4.39B (4.2B forecast; 3.94B previous) Australia Exports for October 2025: 3.4% m/m (7.9%…
The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 100 points. Equity markets are taking a break and slowing their momentum through the back half of the trading week as investors’ focus remains fully pinned on the upcoming Federal Reserve (Fed) interest rate decision slated for next week.Fed rate cut expectations dominateMarkets remain fully committed to expecting a third straight interest rate trim from the Fed on December 10. According to the CME’s FedWatch Tool, rate traders are pricing in nearly 90% odds of a quarter-point rate cut next week. Official…
The EURUSD has been choppy today, moving up and down within a relatively contained range. In that process, the pair once again pushed above the top of a key swing area at 1.16676. It did the same thing yesterday—breaking above the level—but in both cases, the upside momentum quickly faded. Each break higher stalled, inviting sellers to step in and forcing the price to rotate back lower.That latest rotation has taken the pair back into the broader swing zone between 1.16449 and 1.16676. Importantly, the low of that area aligns almost perfectly with the 100-day moving average, which currently sits…
The November 2025 ISM reports just dropped, and they’re painting a fascinating split-screen picture of the US economy: factories struggling while the services sector keeps chugging along. ISM surveys are one of the top leading economic indicators, so let’s break down what these numbers actually mean and more importantly, what each sub-index is signaling about where the economy might be headed. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Coupang, Inc. (CPNG), South Korea’s e-commerce powerhouse, finds itself at a pivotal moment. After share prices tumbled roughly 23% from their recent highs near $34, the stock is now testing a support level that’s proven its worth multiple times over the past year. The next few sessions could determine whether this becomes a launching pad or a trapdoor.Let’s unpack what’s happening on this chart.The line in the sand at $26.56That yellow horizontal line cutting across the chart at $26.56 isn’t arbitrary. Throughout 2024 and into early 2025, this level has acted as a reliable floor for CPNG. Price bumped into…
S&P 500 futures are holding flattish with Nasdaq futures marginally lower by 0.1% while Dow futures are just marginally higher by 0.1% on the day. Overall, there’s not much in it as US equities continue to weigh the latest backdrop – mostly concerns surrounding the AI bubble.Still, the rebound from last week keeps building and that is despite a bit of a setback from Monday this week. The S&P 500 is roughly 1% away from fresh record highs and that continues to underscore how bullish the market is still looking in general.Coming up today, we do have some labour market…