Author: FX

The offshore Chinese Yuan (CNH) was relatively stable on Monday near 7.14 against the US Dollar (USD). Investors remain cautious ahead of Tuesday’s publication at 01:30 GMT of the official Purchasing Managers Indexes (PMIs) from the National Bureau of Statistics (NBS), as well as the RatingDog PMI at 01:45 GMT, released by Caixin Insight Group and S&P Global, formerly Caixin PMI and newly renamed RatingDog PMI.These data, closely followed by the forex market, will provide an updated overview of China’s manufacturing and services dynamics at a time when the economy continues to suffer from weak domestic demand and persistent trade…

Further US Dollar (USD) strength is not ruled out, but any advance is likely part of a higher range of 149.20/150.15. In the longer run, USD could rise further to 150.15, with lesser odds of reaching 150.90, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD might rise further to 150.1524-HOUR VIEW: “Yesterday, we expected USD to ‘trade in a range between 148.20 and 149.15.’ However, instead of trading in a range, USD surged, reaching a high of 149.92. Further USD strength is not ruled out. However, with negative divergence forming, combined with deeply overbought conditions, suggest…

GBP/USD edges higher as Greenback eases after US PCE and UoM sentiment data The British Pound (GBP) gains traction against the US Dollar (USD) on Friday, with GBP/USD snapping a two-day losing streak. At the time of writing, the pair is hovering near 1.3393, staging a modest recovery after dropping to its weakest level in about seven weeks on Thursday. Read More…   Pound Sterling remains on backfoot ahead of US PCE Inflation The Pound Sterling (GBP) trades with caution around 1.3330 against the US Dollar (USD) during the European trading session on Friday, around the seven-week low at 1.3324…

The USDCHF is easing lower after yesterday’s sharp surge to the upside. The pullback has carried the pair back under a swing area between 0.7986 and 0.7994, shifting the near-term tone.The correction now puts focus on the 61.8% retracement of the September downswing, which comes in at 0.79784. A move below this retracement level would open the door for further downside pressure and give sellers more momentum to press the correction.For now, sellers are making a play, but they still have work to do to truly regain control. Holding below the 61.8% retracement is the first step, but sustained momentum…

Some say that volatility is a forex trader’s best friend. But how do you make profits on a low-volatility trading day? Now that most of the major central banks have laid out their monetary policy biases and forex traders have pretty much priced them in, I won’t be surprised if trading volatility settles down over the next couple of weeks. So how can you make pips in this trading environment? Here are a few suggestions on how to gain profits even when there are no new catalysts for big moves. 1. Look at currency correlations for possible trade opportunities A…

Inflation expectations for the coming 12 months is seen nudging higher from 2.6% in July to 2.8% in August. After some moderation to start the summer, we’re starting to see price expectations creep a little higher again. The estimate is the highest since May with inflation expectations for five years ahead also seen marginally higher at 2.2%. The full set of readings can be found in the table below: This article was written by Justin Low at investinglive.com. Source link

The ATR Exponential MT4 Indicator is a modified version of the standard ATR. While the traditional ATR calculates volatility using a simple moving average, this version uses an exponential moving average (EMA). The EMA reacts faster to price changes, which makes it more responsive to sudden shifts in the market. This gives traders a real-time view of volatility and helps them adapt their strategies without delay. Why It Matters for Traders Volatility is a key factor in risk management, and without understanding it, traders often place stop-losses too tight or too wide. The ATR Exponential helps solve this by showing…

Oil set for biggest weekly gain in three months as Russia cuts fuel exports Source link

Remember USD/CHF’s resistance levels we were tracking last week? The pair just tagged a few of them! Let’s see if that means USD/CHF is gearing up to jump back into its months-long trend. USD/CHF 4-hour Forex Chart by TradingView The dollar’s been making pips rain lately after Powell signaled the Fed isn’t in a rush to cut rates, with inflation still hot and the job market looking shaky. On the flip side, the franc is still flexing its safe haven muscles. See, traders are still cautious with the Russia-Ukraine war and tariff risks in the European region. The SNB added…

Uncle Sam’s mid-tier reports surprised to the upside and forced traders to reconsider aggressive Fed rate cut expectations. How did they affect the major assets’ price action on Thursday? Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: FOMC member Mary Daly supports further rate cuts but has offered no timeline BOJ meeting minutes showed some members favor raising interest rates in the future even as they unanimously decided to keep policies steady in July Germany GfK Consumer Confidence for October 2025: -22.3 (-23.0 forecast; -23.6 previous) France Consumer Confidence for September 2025:…