Author: FX
Brent and WTI hit highest levels (resistance now?) since late July as Middle East war flares !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Sterling has spent Wednesday handing back the last of its August rally, with GBP/USD trading just under 1.3500 after a session low a shade beneath 1.3475. That is roughly 1.5% below the peak short of 1.3700 the pair reached in the final days of August, and it leaves the tape at its weakest in three weeks. The awkward part of the decline is what British bond yields have been doing the entire way down.The wrong kind of yield riseUK 10-year borrowing costs pushed above 5.20% this week, the highest since 2008, with the long end making fresh eighteen-year highs alongside…
AUD/NZD surged beyond its Upper Keltner Channel as volatility expanded. Will the breakout hold, or is a mean-reversion pullback coming? Source link
S&P and Nasdaq Technical Analysis: Do you believe that the price action in an instrument tells a story? !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The US Dollar Index (DXY) trades on the back foot on Wednesday as a sharp rise in the Japanese Yen (JPY) forces the Greenback to reverse its earlier intraday gains. At the time of writing, DXY trades around 99.55, down 0.11% on the day, after reaching 99.86, its highest level since August 14.The Japanese Yen strengthens across the board, with USD/JPY plunging nearly 1% after flirting with the 160 threshold and last trading around 158.80. The speed of the move raises speculation that Japanese authorities may have intervened in the foreign exchange market or conducted a rate check. However, there…
Ethereum risks a breakdown as hawkish Fed expectations weigh on cryptocurrencies !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
MUFG’s Lee Hardman reports that the New Zealand Dollar fell sharply after the RBNZ delivered a second 25bps hike but signalled a cautious, gradual path for future tightening. Governor Breman highlighted uncertainty over timing of further OCR increases, and unchanged projections imply only modest additional hikes, disappointing markets that had anticipated a faster pace.Cautious guidance hits New Zealand Dollar”The New Zealand dollar has sold off sharply overnight after the RBNZ’s latest policy meeting and failing to break above the 0.5900-level. The kiwi has weakened sharply even after the RBNZ delivered the second consecutive 25bps rate hike. The kiwi was undermined…
The MACD Stochastic Indicator MT4 combines the logic of the Moving Average Convergence Divergence (MACD) and Stochastic Oscillator. Both measure momentum, but they approach the market differently.MACD generally compares two exponential moving averages. A common setup uses a 12-period EMA and a 26-period EMA, with a 9-period signal line. The basic calculation is:MACD Line = 12 EMA − 26 EMAThe Stochastic Oscillator compares the current closing price with its recent trading range. A typical 14-period setting uses:%K = [(Current Close − Lowest Low) / (Highest High − Lowest Low)] × 100The indicator then applies smoothing and a signal line to…
Fighting between the U.S. and Iran flared again this week, with renewed strikes, retaliation, and attacks on two supertankers carrying Saudi crude near Hormuz. WTI jumped above $90, Treasury yields hit their highest since January 2025, and September Fed hike bets climbed as U.S. stocks slid. Here’s how the escalation spread through oil, bonds, equities, and the broader market. How Did the U.S.-Iran Conflict Escalate This Week? The ceasefire between the U.S. and Iran, signed in June, expired in mid-August without being renewed. For about a week, markets had been betting on economic pressure instead of military escalation. That changed…
ECB policymaker Makhlouf says upcoming policy decision will not surprise anybody !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link