Author: FX

Monday begins quietly, with U.S. markets closed for Presidents’ Day. In China, markets will also be affected by the Spring Festival holiday. On Tuesday, the U.K. will release the claimant count change, the average earnings index 3m/y, and the unemployment rate. In Canada, the focus will be on inflation data. Wednesday brings the RBNZ monetary policy announcement in New Zealand, while the U.K. will publish its latest inflation figures. On Thursday, Australia will release employment change and the unemployment rate, and the U.S. will report weekly unemployment claims. Friday will see the release of flash manufacturing and services PMIs for…

Gold (XAU/USD) remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.A modest US Dollar (USD) uptick, along with a generally positive risk tone, exerts some downward pressure on the safe-haven bullion. However, geopolitical risks remain in play ahead of the second round of US-Iran nuclear talks this week. In fact, the US has dispatched a second aircraft carrier to the region and is…

The stochastic oscillator tracks momentum by comparing the most recent closing price to the price range over a specific lookback period. It’s displayed as two lines %K (the fast line) and %D (the slow signal line) that fluctuate between 0 and 100. Here’s what it’s really telling you: When the stochastic reads 80 or above, the current price is near the top of its recent range. When it drops below 20, price is trading near the bottom of that range. Think of it as a snapshot of whether bulls or bears have been winning the recent battle. The standard MT5…

Australia’s BlueScope Steel beats profit estimates, lifts outlook; shares fall Source link

Trend traders huddle up! GBP/AUD is turning lower from a key trend resistance zone that could draw in more selling pressure over the next few sessions. Is the pair ready to extend a months-long downtrend? GBP/AUD 4-hour Forex Chart Faster with TradingView Threats to U.K. Prime Minister Keir Starmer’s leadership kept the British pound on the defensive against fellow risk currencies like the Australian dollar last week. The Aussie, meanwhile, was one of the strongest performers. Rising gold prices, hawkish remarks from RBA members, and optimism around a possible extension of the U.S.-China trade truce all gave it a solid…

Trading in the foreign exchange market requires a variety of skills. However, many of these skills, such as patience, consistency and emotional control, all come down to having excellent discipline. This can be difficult, but thankfully, automated forex tools can help. As a trader, you will quickly pick up the fundamental principles that you need to follow. The challenge comes when you try and apply these in a real market. It’s easy to be pushed to impulsive decisions, weakening your strategy. Getting help with this discipline would be incredibly useful. That’s where forex automation tools come in, as they can…

Most traders don’t quit on technical analysis because it “doesn’t work”, they quit because their charts turn into a Christmas tree of indicators that all say something different. The irony is that some of the most consistent traders in the world don’t start with indicators at all. They start with the only thing that truly reflects buying and selling in real time: price. Price action and structure are the minimalist’s way to trade. No clutter, no signal overload, just a clear read on who’s in control, where decisions are being made, and how the market is likely to respond. Think…

Markets are already side-eyeing the UK labor market report after months of disappointing numbers. Will this week’s release show a controlled cooldown, or will traders need to reassess their Bank of England rate expectations? Here are the points you need to know if you’re trading the news release: Source link

Summary:Takaichi and Ueda meet for first time since election win, amid rate-hike speculation.Previous November meeting preceded December hike to 0.75%.Yen has rebounded nearly 3%, after earlier weakness near 160 per dollar.Markets price ~80% chance of April hike, as inflation stays above target.Two BOJ board seats opening, giving Takaichi potential influence over policy direction.Japanese Prime Minister Sanae Takaichi is set to hold her first bilateral meeting with Bank of Japan Governor Kazuo Ueda since securing a landslide election victory, in a closely watched encounter that could shape expectations for further interest rate hikes.The meeting, scheduled for 5 p.m. local time (0800…

The AUD/USD pair attracts some buyers in the vicinity of mid-0.7000s during the Asian session on Monday and, for now, seems to have stalled its corrective pullback from a three-year high, touched last week. Spot prices currently trade around the 0.7080 region, up 0.10% for the day, and seem poised to appreciate further amid a supportive fundamental backdrop.The US Dollar (USD) continues with its struggle to attract any meaningful buyers and extends its sideways consolidative price in a familiar range held over the past week or so amid dovish Federal Reserve (Fed) expectations. In fact, traders ramped up their bets…