Author: FX

The business activity in the US service sector stagnated in September, with the Institute for Supply Management’s (ISM) Services Purchasing Managers Index (PMI) declining to 50 from 52 in August. This reading came in below the market expectation of 51.7.The Employment Index of the PMI survey edged higher to 47.2 from 46.5 in August, while the Prices Paid Index, the inflation component, rose to 69.4 from 69.2.”September’s Services PMI level returned to numbers very similar to May and July, with weakness in business activity and continued weakness in employment,” said Steve Miller, Chair of the ISM Services Business Survey Committee.…

The AUD/USD pair gains slightly to near 0.6605 during the European trading session on Friday. The Aussie pair moves higher as the Australian Dollar (AUD) gains amid easing bets supporting interest rate cuts by the Reserve Bank of Australia (RBA) in the policy meeting in November.According to a Reuters report, Futures now imply around a 45% chance that the RBA will cut its Official Cash Rate (OCR) by 25 basis points (bps) in the November policy meeting.RBA dovish bets have eased as inflationary pressures in the Australian economy are proving to be persistent. “Components of the monthly CPI are a…

Prior 54.2Final Composite PMI 50.1 vs 51.0 prelimPrior 53.5Key findings:Slower increases in output and new orders in September Employment falls at faster pace Strong input cost inflation persistsComment:Tim Moore, Economics Director at S&P Global Market Intelligence, said: “UK service providers experienced a disappointing end to the third quarter as weak consumer confidence, delays to business spending decisions and falling exports all weighed on demand. Business activity expansion hit a five-month low, while new order gains were much softer than the 11-month high seen in August. “Consequently, this summer’s acceleration in output growth is now looking like a flash in the…

Sundry Photography Nvidia’s (NASDAQ:NVDA) multibillion-dollar deal to supply advanced AI chips to the United Arab Emirates has been stalled for nearly five months, frustrating CEO Jensen Huang and some senior administration officials, the Wall Street Journal reported, citing people familiar Source link

EUR/GBP turned higher from a mid-channel level and now looks ready to make another run at a big resistance zone. How high can EUR/GBP fly before the bears step in again? We’re taking a closer look at September’s highs! EUR/GBP 4-hour Forex Chart by TradingView The euro has gained ground against the British pound in recent trading sessions, as European Central Bank (ECB) officials maintain their relatively less dovish stance, and EUR finds support from robust European equity demand. Sterling, meanwhile, has struggled to find sustained demand amid mixed mid-tier UK data releases and concerns from U.S. government shutdown uncertainties.…

Japan set for historic LDP leadership vote with Takaichi and Koizumi leading the raceJapan could soon see its first female prime minister or its youngest modern leader as the ruling Liberal Democratic Party chooses a successor to Shigeru Ishiba, who is stepping down after a string of election defeats.The contest pits 64-year-old conservative nationalist Sanae Takaichi against 44-year-old Shinjiro Koizumi, son of former premier Junichiro Koizumi. Cabinet Secretary Yoshimasa Hayashi, 64, is also a contender, seen as a continuity candidate. Five candidates in total are vying for the leadership.Takaichi leads among grassroots party members and has proposed aggressive state-led spending…

The ascending trend line is holding up pretty well for AUD/NZD and it looks like another test of support is coming up. Is the trend still our friend? AUD/NZD 4-hour Forex Chart by TradingView AUD/NZD has been forming higher lows connected by a rising trend line that’s been holding since mid-August, as monetary policy divergences between the RBA and RBNZ have been highlighted. While the Australian economy continues to print upbeat data and its central bank kept rates on hold as expected, New Zealand has been seeing some misses that are keeping easing expectations in play. Can AUD/NZD sustain its…

The Heiken Ashi Doji Spotter MT4 Indicator is designed to highlight Doji candles within Heiken Ashi charts. Unlike standard candlestick charts, Heiken Ashi smooths price action, making it easier to recognize market trends and potential reversals. When combined with Doji spotting, traders can quickly identify moments of indecision where the market may be preparing for a change. This saves time and removes the guesswork involved in scanning for patterns manually. Why It Matters for Traders Doji candles are known for signaling turning points, but on traditional charts, they can get lost in market noise. The indicator solves this problem by…

The Swiss economy printed another decline in inflation as expected, supporting expectations of further easing by the SNB. Headline CPI fell 0.2% month-on-month in September, following the previous 0.1% drop. Key Takeaways from the September Swiss CPI Headline figures disappoint: The Swiss CPI fell 0.2% month-over-month in September, with annual inflation holding at 0.2% compared to the same month last year Core inflation remains subdued: Core inflation (excluding fresh and seasonal products, energy, and fuel) registered just 0.7% year-over-year, while monthly core CPI declined 0.2%. Downward price pressures dominated: The monthly decline was driven by lower prices for supplementary accommodation…

Tech stocks powered to fresh records on Thursday as investors brushed aside the second day of the U.S. government shutdown, with markets more focused on geopolitical tensions after Russia warned of retaliation over potential U.S. missile deployments to Ukraine. The dollar whipsawed on conflicting shutdown headlines while gold maintained its relentless ascent toward $3,900. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines & Data: Australia Balance of Trade for August 2025: 1.83B (7.1B forecast; 7.31B previous) Australia Imports for August 2025: 3.2% m/m (-1.3% m/m previous) Australia Exports for August 2025: -7.8%…