Author: FX
US, Canada strike deal on tolls to let new bridge open on July 27 Source link
The Gann Square Indicator MT4 was designed to help traders view price from a different angle. Instead of focusing only on moving averages or oscillators, it uses geometric price relationships and projected support and resistance levels inspired by W.D. Gann’s market theories. Many traders use it to spot turning points, trend continuation zones, and potential breakout areas before price reaches them.No indicator predicts every market move. Still, when combined with price action and solid trade management, the Gann Square Indicator MT4 can become a useful part of a structured trading plan. The sections below explain how it works, where it…
DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 Gross Domestic Product (GDP) growth at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below 1Q26 but still resilient. They cite strong manufacturing and wholesale trade on AI-related electronics demand, robust modern services and construction, and expect non-oil domestic exports to post a fourth consecutive month of double-digit growth despite a slowdown from May.AI demand underpins growth outlook”We expect Singapore’s advance GDP growth estimate for 2Q26 to register 5.8% yoy, 1.5% qoq sa, remaining resilient compared with 6.0% yoy, 1.0% qoq sa in 1Q26.””Manufacturing accelerated, while wholesale trade performed…
The dollar round-tripped to flat as Iran headlines whipsawed oil, hawkish Fed minutes stirred rate bets, and a surprise RBNZ hike crowned the Kiwi this week. Source link
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.XAG/USD Price Forecast: Technical OutlookSilver is downward biased, as the market structure continues to respect the series of lower highs and lower lows. The Relative Strength Index (RSI) remains bearish, below its 50-neutral level and aiming towards oversold territory. Given the reasons mentioned above and geopolitical uncertainty, the XAG/USD’s path of least resistance is…
Commerzbank’s report on Taiwan notes that stronger inflation, with core CPI at 2.5%, is likely to push the CBC towards a more hawkish stance, including a possible 12.5 bp hike in H2. Despite robust AI-driven exports and firm domestic demand, USD/TWD has risen to 32.19, though analysts expect a potential pullback once seasonal dividend outflows fade.Hawkish CBC and AI-led growth”Taiwan’s June inflation surprised on the upside, with headline CPI rising to 2.6% yoy from 2.2% in May. This was the fastest pace since January 2025 and well above the Central Bank of the Republic of China’s (CBC) informal 2% threshold.…
The upcoming week will bring a major test for the US Dollar (USD), with investors focusing on the United States Consumer Price Index (CPI), Federal Reserve (Fed) Chair Kevin Warsh’s congressional testimony and a broad set of activity indicators. China’s second-quarter Gross Domestic Product (GDP) and the Bank of Canada’s (BoC) interest-rate decision will also attract significant attention.The US Dollar Index (DXY) trades near 101.00, recovering from a one-week low hit earlier on Friday as investors balance softer recent labor market data against renewed geopolitical uncertainty and persistent inflation concerns. Tuesday’s US CPI report will be the central event for…
DBS economists Radhika Rao and Mo Ji expect the Bank of Korea (BoK) to raise its base rate to 2.75% from 2.50% in July, citing persistent CPI inflation above 3% and resilient growth. They highlight robust exports and investment linked to the AI (Artificial intelligence) boom and note that Korean Won weakness and portfolio outflows further justify tighter monetary policy.Korean policy tightening backed by data”The Bank of Korea is expected to raise the base rate to 2.75% from 2.50% in July.””The BoK signaled in June that it remains prepared to tighten monetary policy despite the recent decline in oil prices…
MUFG’s Lloyd Chan highlights the Indonesian rupiah’s continued vulnerability as USD/IDR moved back above 18,000 amid renewed Middle East tensions and elevated US yields. Although attractive government bond and SRBI yields have supported foreign inflows into the bond market, persistent net foreign equity outflows leave the balance of risks tilted toward further rupiah weakness.External pressures weigh on Rupiah”We remain cautious on selective regional currencies, particularly the Indonesian rupiah.””IDR led regional losses yesterday, with USDIDR rising 0.5% to move back above the 18,000 level.””Renewed geopolitical tensions in the Middle East and elevated US yields continue to exert external pressure on the…
Lower oil prices generally lead to lower consumer fuel prices … but not always.There is a risk that models are overly tied to oil prices and that’s leading to expectations of lower consumer and business prices but if you’ve seen the fuel pumps lately, you’d know that’s not the case. The large gap has President Trump threatening oil companies but the problem is that refineries don’t have the crude.The problem is the crack spread. Refining crack spreads highlight the profit margin from turning crude oil into fuels, as “cracking” refers to breaking down heavy hydrocarbon molecules into lighter products. The…