Author: FX
The Indian Rupee jumps higher against the US Dollar as Trump attacks Fed’s independence.Fed’s Powell stated that tariffs-driven inflation could be persistent.The RBI monthly bulletin shows that the Indian economy remained resilient in May.The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 85.65 during European trading hours, the lowest level seen in 10 days. The pair weakens as the US Dollar (USD) renewed its three-year low after United States (US) President Donald Trump lashed out on Federal Reserve (Fed) Chair Jerome Powell for not supporting interest rate cuts in the…
AUD/CHF just bounced from a major support zone. Is the pair gearing up for another swing inside its consolidation range? Or will it break through key inflection points faster than you can say, “YOU CAN SAVE 50 POUNDS PER PERSON!” Check out AUD/CHF’s 4-hour time frame! AUD/CHF 4-hour Forex Chart by TradingView Risk assets like the Australian dollar could be back in focus soon as attention shifts away from geopolitical tensions and toward U.S. tariff and budget risks. At the same time, traders are starting to doubt whether the Swiss National Bank (SNB) will push rates back into negative territory,…
The Wall Street Journal wasn’t reticent with its headline:Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell(gated) I popped a summary of the piece here ICYMI:Wall Street Journal: Trump considers naming next Fed chair early – bid to undermine PowellIts been nearly one-way traffic, lower, for the USD since:USD falling away a little on the Trump ” bid to undermine Fed Chair Powell” WSJ reportUS dollar still dribbling lower. ICYMI WSJ: Trump undermining Federal Reserve Chair PowellWhile this is the catalyst on the session its not as if it’s the only news on the dollarJP Morgan expects…
Core PCE for May is due, and markets are expecting an uptick. Could this update on the Fed’s go-to inflation gauge shake up its policy plans? If you’re looking to trade the core PCE release, here are the key points to keep on your radar. 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 Access access to MarketMilk™ Plus More! Source link
Markets continued to unwind positions tied to geopolitical tensions between Israel and Iran, spurring additional volatility for crude oil and risk assets. In the forex market, a couple of top-tier inflation and central bank releases caused a bit of a stir, yet USD pairs moved mostly in sync to overall sentiment. Here are headlines you may have missed in the last trading sessions! Headlines: API: Crude oil inventories reduced by 4.27M barrels vs. expected draw of 0.8M barrels BOJ Summary of Opinions: Policymakers split on rate outlook given trade policy risks and stronger inflation Iran’s Foreign Minister confirmed that country’s…
The T3_adx_+di_-di_burst is a custom MT4 indicator designed to detect when price action breaks out with strong directional momentum. It merges the Average Directional Index (ADX) with the Positive Directional Indicator (+DI), Negative Directional Indicator (-DI), and a T3 smoothing filter. This combination reduces noise and helps traders focus only on the clean, high-potential movements. Unlike traditional ADX tools, which can be choppy or lag behind price action, this version improves readability and responsiveness. Traders see visual bursts that show whether buyers or sellers are in control, making it easier to decide when to enter or stay out. How It…
Nomura expects U.S. Treasuries to benefit from growing concerns over a potential economic slowdown, with yields likely to decline further if the labour market begins to soften meaningfully.In a note to clients, the bank said a resilient labour market would likely lead to only modest yield declines, but any signs of weakness could accelerate the downward move.The cautious tone reflects a broader market narrative that slower growth, rather than inflation, is increasingly the dominant driver of bond market direction. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and…
Kennedy's vaccine panel breaks norms, plans to review immunization schedule Source link
High-yield 3.879%WI level at the time of the auction 3.874%Tail +0.5 basis points vs 6 month average of -0.5 basis pointsBid to cover 2.36X versus 6 month average of 2.39XDirects (domestic demand) 24.44% versus 6month average of 18.2%Indirects (international demand) 64.68% versus 6-month average of 70.5%Dealers (they take the balance and distribute) 10.88% versus 6- month average of 11.3%Auction Grade:C-The domestic demand was stronger 24.44%, but that came at the expense of lower demand from international buyers. The bid to cover was near the six month average. The tail of 0.5 basis points was indicative of a below average demand…
“Federal financial policy, debt, doesn’t affect our month-to-month policy decisions,” Federal Reserve (Fed) Chairman Jerome Powell said while testifying about the Semi-Annual Monetary Policy Report before the Senate Banking Committee on Wednesday.Key takeaways”Ample reserves enable banks to keep lending through stress.””Return to scarce reserves would not save money.””Unwinding ample reserves would take years.””Enormous benefits of having the Dollar as the global reserve currency.””Dollar remains reserve currency, it’s a durable equilibrium, expect it to last for a long time to come.””Bond market is functioning well.””Inflation expectations have come down a bit from April.””On USD weakness, markets have been digesting an unusually…