Author: FX
There are just a couple of expiries to take note of on the day, as highlighted in bold below.The first being for EUR/USD at the 1.1625 level. The expiries don’t tie to any technical significance but could act as a bit of a magnet for price action in the session ahead. That as the overall market mood continues to stay more tepid and be on edge awaiting further US-Iran developments. War or not war. Deal or no deal. We are pretty much caught in limbo still since last week.As such, dollar sentiment is keeping more cagey and that’s not seeing…
Bitcoin is testing major support as oversold charts, ETF outflows, and Friday’s jobs report keep traders on edge this week. Source link
Australian Bureau of Statistics (ABS) showed that Australia’s economy grew 0.3% in Q1 2026, falling short of the 0.5% gain markets had anticipated and slowing sharply from the 0.9% pace recorded in the December quarter. Annual growth held at 2.5% (y/y), also below the 2.6% consensus, as a record surge in data centre imports, weather-driven disruptions to mining exports, and the expiry of household energy subsidies all weighed on the result. Key Takeaways Annual GDP growth: 2.5% (y/y) (expected 2.6%, prior 2.6%) Quarterly GDP growth: 0.3% (q/q) (expected 0.5%, prior 0.9%) Private investment: Rose 3.6%, led by a 16.3% surge…
Gold (XAU/USD) extends the previous day’s late pullback from the vicinity of the $4,550 level and attracts some follow-through selling during the Asian session on Wednesday. Crude Oil prices rise for the third straight day amid renewed hostilities in the Middle East, reviving inflationary concerns and reaffirming market bets that interest rates would stay higher for longer. This, in turn, is seen as undermining the non-yielding yellow metal. Furthermore, geopolitical uncertainties assist the US Dollar (USD) in preserving its weekly gains, which turns out to be another factor that keeps the commodity depressed below the $4,500 mark, near the lower…
Bayer says no plans to restructure despite litigation threat Source link
The Break of Structure Indicator MT4 is a market structure analysis tool designed to detect when price breaks important swing highs or swing lows. In technical trading, this event is known as a “break of structure” or BOS. A break of structure occurs when price moves beyond a previous high in an uptrend or below a previous low in a downtrend. This often signals that momentum is continuing or that a new trend is starting. For example, consider EUR/USD on the 1-hour chart. If the pair forms a sequence of higher highs and higher lows, the trend is bullish. When…
SpaceX plans to raise $75bn (Reuters cite an unnamed source) in its IPO by selling 555.6 million shares at $135 each, implying a $1.75 trillion valuation; the roadshow begins Thursday, a source told Reuters. Summary:SpaceX plans to raise $75 billion by selling 555.6 million shares at a target price of $135 each, implying a valuation of $1.75 trillion; the roadshow begins ThursdaySetting a specific target price before the roadshow is highly unusual; companies typically establish a price range only after investor presentations, with final pricing the day before the offeringThe $1.75 trillion IPO valuation represents a significant step-up from the…
The Pound Sterling advances versus the Japanese Yen on Tuesday, up by 0.24%, driven by traders’ optimism about a US-Iran deal, even though there are rumours that Iran has halted negotiations amid the Israel-Hezbollah conflict over the weekend. The GBP/JPY trades at 215.34 after bouncing off daily lows of 214.74.GBP/JPY Price Forecast: Technical outlookFrom a technical standpoint, the GBP/JPY uptrend remains intact, but as the USD/JPY pair closes into the 160.00 area, the possibility of an intervention by the Bank of Japan (BoJ) increases.If not for the BoJ, the GBP/JPY could resume its advance and test the 216.00 figure, followed…
The Sunday cheat sheet set up June 1–5 as a classic NFP-week sequence — one where the labor data hierarchy from Monday’s ISM Manufacturing through Friday’s jobs report would largely determine whether the dollar’s post-PCE bearish structure continues or reverses. The Iran ceasefire situation was the wildcard layered underneath, with WTI’s behavior around $87 pegged as the early read on whether the peace dividend trade was simply pausing or fully reversing. Two sessions in, the data side of that framework has validated with real force. Monday’s session handed us an ISM Manufacturing PMI of 54.0 — the hottest reading…
Tuesday’s session extended the AI-fueled equity rally to a ninth consecutive advance, with the S&P 500 crossing 7,600 for the first time as semiconductor names surged on Nvidia CEO Jensen Huang’s bullish outlook on Marvell Technology. Crude oil reversed earlier session losses to settle modestly higher, sustained by a geopolitical risk premium that remained firmly intact as the U.S.-Iran Strait of Hormuz standoff entered another day without a confirmed deal. Bitcoin diverged sharply from the broadly constructive tone in equities, shedding more than 5% in a persistent and unidirectional decline with no clear identifiable catalysts earlier today. Check out the…