Author: FX
European shares close closely lower. UK’s FTSE 100 and Italy’s FTSE MIB close higher !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Scott Bessent, the US Treasury Secretary crossed the wires in an interview with CNBC, said that Oil prices will come down, and added that US President Donald Trump has been saying that Iran is not ready for a deal.Recently, he said that he believes the Bank of Japan and the Japanese government will do things that will lead to a strong Yen. Bessent added that he will meet with his Canadian counterpart, assuring that “we are not in wart with Canada.Key highlights:OPERATION OUTCAST WILL MAKE IRAN WANT TO MAKE A DEAL. THE GOAL IS TO CREATE A CONDITION THAT THEY’D…
iFX EXPO Asia 2026: Hong Kong Set to Welcome 5,000+ Global Trading and Fintech Professionals This October !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Increased hawkishness by Fed’s WarshFed Chair Warsh, in his Jackson Hole speech, renewed the bank’s hawkishness, as he warned that inflation is too high with no signs of easing. The bank’s focus at the current stage seems to be primarily on inflation and the speech tended to increase market expectations for a rate hike at the bank’s September meeting. The speech tended to provide some support for the USD in the FX market while at the same time weighed on gold’s price, displaying the negative correlation of the two trading instruments.Oil prices jump on renewed tensionsThe oil market seems to…
USD/CAD is testing the key 1.3900 zone just as the BOC and US jobs data put both currencies in play. Here are the levels we’re watching. Source link
The STV Indicator, commonly referred to as the Standard Deviation Levels indicator, is a level-based technical analysis tool for MetaTrader 4. It plots a central reference level along with multiple upper and lower levels calculated from standard deviation. These levels can act as potential support, resistance, entry, stop-loss, and take-profit areas.The basic idea comes from statistics. Standard deviation measures how far price has moved away from its average over a selected period. When volatility increases, the distance between calculated levels can expand. When price becomes quieter, those levels can contract.For example, suppose EUR/USD has a central reference around 1.0850 and…
investingLive Asia-Pacific market news: Oil jumps, renewed Iran – US strikes !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday. Spot prices, however, struggle to build on the momentum and currently trade just above the 1.2100 mark as traders seem hesitant ahead of this week’s key data and the central bank event risk.Australia’s June-quarter Gross Domestic Product (GDP) report is scheduled for release on Wednesday and will be immediately followed by the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision. In the meantime, the NZIER Monetary…
Fed Chair Warsh’s Jackson Hole speech pushed September rate hike odds to 57% and lifted the dollar. What exactly did he say? Source link
Cable has been cruising higher over the past couple of months, and it looks like Warsh’s speech created a pullback opportunity. Source link