Author: FX

Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/CAD is directionless around 1.3675 ahead of Canada’s Q4 GDP release, with consensus expecting a modest contraction versus the Bank of Canada’s stall forecast. Haddad argues easing core inflation allows the BOC to keep rates steady, and he expects USD/CAD to hold above 1.3600 near term with resistance at 1.3800.BOC steady stance underpins range trade”USD/CAD is directionless around 1.3675.””The Bank of Canada (BOC) estimates real GDP growth to stall after rising 2.6% SAAR in Q3 because of inventory destocking. Consensus is more downbeat with a -0.2% SAAR decline in Q4 penciled in. “”The…

FUNDAMENTAL OVERVIEWGold got stuck in another consolidation as the bullish momentum remains weak amid conflicting signals. Yesterday, it looked like the third round of US-Iran talks went bad as we got reports of Iran rejecting US demands. The markets went into risk-off, eventually supporting gold prices. Later on, we got reports that the talks made significant progress and another round was scheduled for next week. This push and pull is keeping most market rangebound, including gold. Overall, the market might remain supported in the short-term amid some uncertainty, but I don’t see material changes to justify a rally back to…

Danske Bank’s Danske Research Team notes that EUR/USD is trading close to 1.18 as markets await key Euro area inflation data. The bank expects Euro area HICP inflation to edge up slightly to 1.73% year-on-year, with core inflation steady at 2.2%. Softer preliminary inflation prints from France, Spain and Germany could add downward pressure on Euro rates.Euro inflation expectations support stability”In the euro area, February’s flash inflation data from France, Germany, and Spain will give important hints ahead of next week’s euro area inflation release. We expect euro area HICP inflation to rise marginally from 1.69% y/y to 1.73% y/y,…

The MT5 Alert Indicator isn’t a single plug-and-play tool it’s a customizable notification framework built into MetaTrader 5. Traders can set alerts based on price levels, indicator values, or specific market conditions. Think of it as programming your trading platform to tap you on the shoulder when opportunities match your strategy. What sets this apart from generic price alerts? The indicator component allows for complex conditions. A trader might set an alert for when RSI crosses below 30 while price touches a support zone. That’s two conditions working together, not just “notify me when EUR/USD hits 1.0800.” The technical backbone…

EUR/USD is chillin’ like a villain near a key inflection point that could help extend the pair’s 2026 gains. Will this area of interest hold and attract fresh buying pressure? Here’s what we’re seeing on the daily time frame: EUR/USD Daily – Chart Faster with TradingView Easing concerns around U.S. tariff policies and fading jitters over the European Central Bank’s leadership helped steady the euro, even as the region continued to deliver mixed mid-tier data. Meanwhile, the U.S. dollar is struggling to build momentum as traders stay cautious around the U.S.-Iran conflict and ongoing legal challenges to Trump’s tariff regime.…

Did the U.S. manufacturing sector extend its stay in growth territory for February? Or was the January pickup just a fluke? Traders are likely to look closely into the jobs and inflation components to get a better picture of what’s really going on in the industry. Here’s what to look out for in the upcoming ISM manufacturing PMI report. Source link

Tokyo core inflation dips below 2%, but firm underlying prices keep BOJ tightening bias intact.Summary:Tokyo February headline CPI: 1.6% y/y (exp 1.4%)Core (ex fresh food): 1.8% y/y (exp 1.7%, prior 2.0%)Core-core (ex fresh food & energy): 2.5% y/y (exp 2.3%, prior 2.4%)Core inflation slips below BOJ’s 2% target for first time in 16 monthsTrend inflation gauge strengthens, in line with BOJ’s “temporary slowdown” viewInflation in Japan’s capital moderated in February, with core prices slipping below the Bank of Japan’s 2% target for the first time in 16 months, though underlying momentum remained firm.Data for Tokyo, widely viewed as a leading…

AUD/JPY has been cruising above an ascending trend line on its 4-hour time frame, and it looks like another dip to support is underway. Or are we about to see a breakdown and reversal soon? Take a look at these inflection points and potential targets! AUD/JPY 4-hour Forex Chart Faster With TradingView Stronger-than-expected Australian inflation data released earlier this week bolstered March RBA tightening expectations, allowing AUD/JPY to bust through the 110.00 barrier. At the same time, political pressure from Japanese PM Takaichi for the BOJ to refrain from hiking rates weighed heavily on the yen, followed by speculations that…

The Opening Range Breakout MT5 Indicator solves this by automatically marking the high and low of a session’s opening period, giving you clear levels to work with. Instead of eyeballing candles and second-guessing entry points, you get visual confirmation of the range that matters most. When price breaks above or below these levels with conviction, you’ve got a defined trading opportunity backed by decades of market behavior patterns. What the Opening Range Breakout Indicator Actually Does The Opening Range Breakout (ORB) indicator identifies and plots the high and low prices established during the first period of a trading session typically…

AUD/USD extends its losses for the second successive session, trading around 0.7110 during the Asian hours on Friday. However, the downside of the pair could be limited as the Australian Dollar (AUD) may strengthen on cautious sentiment surrounding the Reserve Bank of Australia (RBA) policy outlook.Traders widely expect the RBA to leave the cash rate unchanged at 3.85% at its March meeting, as policymakers will not receive the full Q1 inflation report until late April. RBA Governor Michele Bullock also emphasized that a patient approach remains appropriate with the economy operating near equilibrium, dampening expectations of an aggressive tightening cycle.Australia’s…