Author: FX

BNY’s Head of Markets Macro Strategy Bob Savage reports Japan’s Finance Minister Satsuki Katayama is monitoring markets with “utmost vigilance” and stands ready to act against sharp FX moves as USD/JPY trades above 157. Authorities stress coordination with overseas counterparts and focus on securing energy supplies.Tokyo signals readiness to act on FX”Japan’s Finance Minister Satsuki Katayama has warned that authorities are monitoring financial markets with utmost vigilance and will take all necessary measures in response to sharp FX movements, as volatility intensifies following U.S. and Israeli attacks on Iran.””The yen traded at around 157.52 per dollar on Tuesday, after breaching…

FUNDAMENTAL OVERVIEWUSD:The US dollar rallied across the board yesterday on safe haven demand as US-Iran conflict erupted over the weekend. The main driver though was the market’s realisation that rate cuts might not come as soon as expected. In fact, higher oil prices will eventually put upward pressure on inflation and yesterday’s ISM Manufacturing PMI showed how wrong the market has been in being so dovish on the economy. The data was hot for the second consecutive month, so the one-off narrative was put to rest. Moreover, the prices index jumped to the highest level since 2022, in another sign…

The break and retest isn’t just some fancy indicator gimmick. It’s rooted in basic market structure that traders have relied on for decades. When price breaks through a significant level, that level doesn’t disappear. Smart money often tests these zones before continuing, creating a second chance entry for traders who missed the initial move. Here’s what happens: Support at 1.0800 gets broken, price drops to 1.0750, then rallies back up to retest 1.0800 from below. That former support now acts as resistance. The indicator highlights these zones automatically, saving traders from manually drawing lines and monitoring multiple timeframes. The MT4…

The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair tumbles as risk-off market sentiment is prompted due to the war in the Middle East between the United States (US), Israel, and Iran, which has dampened the demand for riskier assets. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD0.21%0.35%-0.03%0.03%0.04%0.31%0.22%EUR-0.21%0.15%-0.26%-0.18%-0.17%0.09%0.00%GBP-0.35%-0.15%-0.38%-0.31%-0.31%-0.04%-0.13%JPY0.03%0.26%0.38%0.08%0.09%0.34%0.26%CAD-0.03%0.18%0.31%-0.08%0.00%0.27%0.17%AUD-0.04%0.17%0.31%-0.09%-0.01%0.26%0.17%NZD-0.31%-0.09%0.04%-0.34%-0.27%-0.26%-0.09%CHF-0.22%-0.00%0.13%-0.26%-0.17%-0.17%0.09% The heat map shows percentage changes of major…

An upside surprise in Australia’s GDP would add fuel to the Aussie’s bullish momentum, already supported by rising gold prices and hawkish RBA remarks. Our Event Guide for Australia’s GDP Report suggests the risks lean to the upside, with business and trade activity showing improvement. But if GDP misses, traders may use the disappointment to pull back from recent AUD strength. In that case, pairs like EUR/AUD and AUD/CHF could offer tactical pullback opportunities. Source link

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Can Australia’s GDP figure confirm the possibility of another RBA interest rate hike? Our Event Guide for Australia’s GDP Report points out that investment and trade activity picked up during Q4 2025, likely contributing to stronger economic expansion. Here’s what I’m watching on AUD/USD and GBP/AUD in this scenario. Source link

Expectations for a March RBA rate hike are running pretty high these days, so will the upcoming Australian GDP release cast doubts or seal the deal? Here’s what to look out for. Source link

Gold jumped at the weekly open due to uncertainty around the Iran war but that quickly gave way to profit taking and it sagged down to $5300. Then a second and third wave of bids arrived in Europe and the US leading to a session high of $5419 before selling into the US close and a drop to $5260.In Asian trading today, bids returned but in the past few minutes, that’s been met by aggressive sellers. Gold 5 minsLike everyone, the gold market is trying to figure out where the Iran war leads. For US adversaries, there is already one…

The Gann Swing indicator identifies and marks swing highs and swing lows on a chart. These aren’t just any price peaks or valleys—they’re significant pivot points where price has demonstrated a clear change in direction. W.D. Gann, the legendary trader from the early 1900s, developed specific rules for defining these swings, and this indicator applies those rules automatically. A swing high forms when price makes a higher high that’s then followed by a lower high. Conversely, a swing low occurs when price makes a lower low followed by a higher low. The indicator plots lines connecting these pivots, creating a…