Author: FX

For a brief period this morning, market commentators mused that the BoJ could announce the next rate hike of the cycle as soon as October. That conclusion was drawn from what appeared to be a slightly more hawkish then expected outcome to today’s BoJ policy meeting. This speculation was quickly quashed by comments from BoJ Governor Ueda in his press conference suggesting that he does not see the BoJ as being ‘behind the curve’ on policy tightening. Nor does he see the ‘fog suddenly lifting’ over the outlook for trade, Rabobank’s FX analyst Jane Foley reports. USD/JPY nears 150.00 as…

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Fundamental OverviewGold extended the losses this week as the bearish momentum heading into FOMC increased following strong US data. In fact, we saw some more hawkish repricing in interest rates expectations and as mentioned here many times, such repricing is negative for the market. Zooming out we are still in a range, but the upside is limited due to the lack of bullish catalysts and the pressure from the hawkish repricing in expectations. Tomorrow, we have the US NFP report and it’s going to be an important one. Soft data will likely give gold a boost, but strong figures could…

The Pairs Index MT4 Indicator is a technical tool designed for the MetaTrader 4 platform. It analyzes and compares several currency pairs at once, showing their strength or weakness in a simple, visual format. Instead of switching between charts or using multiple indicators, traders can get all the key information in one place. This helps them identify strong trends, match strong currencies with weaker ones, and avoid entering trades with unclear direction. Why This Matters in Real Trading In forex, trading the right pair at the right time makes all the difference. A common mistake is entering trades based on…

Gold is poppin’ up green candlesticks near an established support zone! Think we’ll see another long-term bounce from the yellow metal? The 4-hour chart might give us more clues! Gold (XAU/USD) 4-hour Forex Chart by TradingView Gold has quietly taken a backseat as demand for the U.S. dollar picked up in recent sessions. Easing tariff concerns, stronger-than-expected data, and a pullback in Fed rate cut expectations have all worked in the Greenback’s favor. However, that trend may not last. With a new trading month underway, traders may take a closer look at the economic fallout from higher tariffs and what…

Markets had plenty to chew on Wednesday as fresh GDP and inflation data collided with a hawkish Fed and Powell’s press conference. Traders responded with sharp moves across currencies, equities, and commodities as rate cut hopes took a hit. Here are headlines you may have missed in the last trading sessions! Headlines: An 8.8-magnitude earthquake struck Russia’s Far East coast, prompting tsunami alerts across the Pacific New Zealand ANZ Business Confidence for July 2025: 47.8 (48.0 forecast; 46.3 previous) AUD Tumbles After Australia’s Q2 2025 CPI Miss Spurred RBA Rate Cut Expectations France GDP for Q2 2025: 0.3% q/q (0.2%…

As widely expected, the Bank of Canada (BOC) kept interest rates unchanged at 2.75% in July, marking its third consecutive hold as policymakers grapple with persistent U.S. trade uncertainty and mixed domestic economic signals. This decision came as Governor Tiff Macklem acknowledged that tariffs are causing permanent economic damage, stating that while growth will resume, “it’ll be on a permanently lower path.” Key Points from BOC’s Event: Rate unchanged: Overnight rate held at 2.75%, with Bank Rate at 3% and deposit rate at 2.70% Trade uncertainty persists: U.S. tariffs “still too unpredictable” to provide single economic forecast Economic contraction: Q2…

Dollar traders are about to cap off this event-filled trading week with yet another major U.S. release, as the July non-farm payrolls report could shake things up on Friday. Market expectations are pointing to a slower pace of hiring for the month, possibly putting the latest FOMC statement into perspective and spurring big moves for USD pairs. Here’s what to look out for when trading this top-tier catalyst. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited…

EUR/CHF has been stuck inside a descending triangle on its daily time frame, and the pair is closing in on the bottom. Will it go for another bounce off support? Take a look at these long-term inflection points! EUR/CHF Daily Forex Chart by TradingView This euro pair has been forming lower highs since July 2024 and finding support at the .9250 minor psychological mark, creating a descending triangle formation that has been holding for more than a year already. Price looks ready for another test of the triangle bottom near S2 (.9240) while technical indicators are pointing to a pickup…

The Federal Reserve maintained its benchmark interest rate in the 4.25%-4.50% range in their July policy meeting while Chairperson Jerome Powell dropped some hawkish remarks during the press conference. Two Fed governors—Christopher Waller and Michelle Bowman—voted for an immediate 25 basis point rate cut, marking the first time two Washington-based Board governors formally dissented since December 1993. Their opposition highlighted growing internal tensions over the Fed’s approach to balancing employment and inflation concerns amid an uncertain economic outlook. Key Takeaways from July FOMC Statement Rates unchanged: Fed funds target range held at 4.25%-4.50% for fourth consecutive meeting Economic assessment: Committee…