Author: FX
The US Dollar (USD) is trading within previous ranges against the Japanese Yen (JPY) on Tuesday. The pair was rejected at the 153.70 resistance area during Tuesday’s Asian trading session, but downside attempts were contained 100 pips lower, at 152.70, before returning to the 153.00 area at the time of writing.Most major crosses are trading sideways, with trading volumes subdued at the start of the week. The Asian market remains at half throttle amid the New Lunar Year holidays, and US traders are about to return to their desks after a long weekend.Yen recovery falters amid weak Japanese dataThe Yen…
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Prior +1.8%HICP +2.1% vs +2.1% y/y prelimPrior +2.0%Core CPI 2.5% y/yNo changes to the preliminary estimates here. The reaction to the data was muted as expected given no surprises and no influence on ECB’s policy outlook.The agency notes: “The rise in overall consumer prices intensified at the start of the year. In particular, the price of food increased more in January than in the previous months. In the months from September to December 2025, the price increase observed for food was still lower than overall inflation. Furthermore, the increase in service prices continues to drive up inflation in January.”The market…
An MT5 price action indicator is a technical tool designed specifically for the MetaTrader 5 platform that identifies and visualizes price movement patterns without heavy mathematical transformations. Unlike lagging indicators that smooth or average past data, these tools mark key price structures in real-time: swing highs and lows, support and resistance zones, candlestick patterns, or momentum shifts based on actual candle behavior. The term covers various tools, but they share one philosophy: price tells the story if you know how to read it. Some indicators automatically detect patterns like pin bars or engulfing candles. Others mark fractal points or identify…
CAD/JPY is back at a key support zone that may make or break its 300-pip consolidation. Will we get a breakout in the next few sessions? Let’s take a closer look at the 4-hour chart: CAD/JPY 4-hour Forex Chart Faster with TradingView A slide in crude oil prices and brief worries about U.S. participation in the USMCA trade deal kept the Canadian dollar on the defensive last week. The Japanese yen, meanwhile, drew support from yen-tervention threats and a softer U.S. dollar as safe-haven demand picked up. Will the tides turn for the Loonie and the yen this week with…
The Indian Rupee (INR) opens flat near Monday’s low at around 90.80 against the US Dollar (USD) on Tuesday. The USD/INR pair trades broadly stable as strong dollar demand by Indian importers continues to support the downside, while the upside remains capped amid fears of the Reserve Bank of India’s (RBI) intervention.The outlook of the Indian Rupee remains grim as the Indian stock market struggles to attract foreign investment despite the confirmation of a trade deal between the United States (US) and India.So far in February, Foreign Institutional Investors (FIIs) have remained net sellers, and have pared their stake worth…
After a“hawkish cut” event late last year, markets now expect the Reserve Bank of New Zealand (RBNZ) to keep policy steady in February. Our Event Guide for the February RBNZ decision notes that the New Zealand dollar could still see a pickup in volatility, particularly with updated economic projections on deck that may point to near-term Kiwi strength. If the RBNZ event comes across as bullish for the New Zealand dollar, we are watching NZD/CHF and GBP/NZD for potential follow-through. Source link
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NZD/CHF has formed what appears to be a head and shoulders pattern on its 4-hour time frame, so can it go for a reversal soon? Better keep your eyes on this neckline support! NZD/CHF 4-hour Forex Chart Faster with TradingView Kiwi traders seem to be positioning cautiously for the February RBNZ decision, capping the earlier rally on NZD/CHF and putting the pair back in consolidation mode. Price is hovering above the neckline support near the 200 SMA dynamic inflection point while waiting for stronger directional cues. Which way could it go from here? Remember that directional biases and volatility conditions…
Dollar positioning has reached its most negative level on record in Bank of America’s survey, reflecting broad expectations of US softness and potential Fed easing, with labour market risks seen as the main catalyst for further weakness.Summary:Investor positioning in the US dollar has fallen to its most negative level since at least January 2012.Net exposure to the greenback is at a record underweight in Bank of America’s latest survey.Short positioning exceeds previous bearish extremes, including last April’s lows.Concerns over Fed independence have eased, but this has not revived demand for the dollar.Survey respondents see further US labour market weakness as…