Author: FX

Is the yen due for a pullback against its major counterparts? Our Event Guide for the June BOJ decision suggests the central bank will likely keep policy steady while maintaining its hawkish tilt. But with global trade tensions and tariff uncertainty back in the mix, Gov. Ueda and his team might shift focus toward growth rather than pushing ahead with more hikes. If the BOJ strikes a less hawkish tone than markets expect, GBP/JPY and CHF/JPY could stay in the driver’s seat and extend their monthly uptrends. This Article Is For Premium Members Only Become a Premium member…

The Guppy Multiple Moving Average (GMMA) is a technical analysis tool made up of multiple exponential moving averages (EMAs). It’s designed to show short-term and long-term trends clearly. In the long version of this indicator, more focus is placed on the long-term trend group, helping traders identify the big picture before jumping into trades. Each line in the indicator represents a different period of the market, giving a layered look at how prices are behaving. This makes it easier to avoid false signals and stay on the right side of the trend. How It Works in MT4 When applied to…

BOJ Governor Ueda and his fellow policymakers are widely expected to keep rates on hold for the time being, but will they still keep the door open for more tightening? Our Event Guide for the June BOJ decision points out that officials are merely pausing from rate hikes because of trade uncertainty but that tightening could resume as soon as data reflects a recovery. Here’s what I’m watching on USD/JPY and AUD/JPY in this scenario. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…

Middle East:China:Other: Tensions between Israel and Iran surged over Sunday and Monday, as both sides launched fresh attacks, fuelling fears of a broader regional conflict.The Israeli Defence Forces struck missile sites in central Iran, along with Revolutionary Guard facilities in Qazvin and the Parchin military complex near Tehran. Iran responded with its most extensive missile barrage to date, with footage suggesting ballistic missile impacts at the Haifa Oil Refinery and near Tel Aviv and Jerusalem. Gold rose for a fourth straight session to a near two-month high as safe-haven demand picked up. Oil gapped higher at the open, buoyed by…

Are BOJ policymakers gearing up for a big announcement given the latest developments in the Japanese bond market? Or will they downplay the possibility of rate hikes while trade uncertainty is in play? Here are the points to take note of when trading the June BOJ decision. 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

This week, our currency strategists focused on the BOC Monetary Policy Statement for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, you can subscribe…

Following the release of the top-tier China’s May activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.Key quotes (via Reuters)Many uncertainties in the international environment, foundation of economic recovery needs to be strengthened.China’s policy toolkit is well-stocked, has the flexibility to adjust macro policies according to changing circumstances.Overall level of prices still at a low level, which affects enterprises, employment and incomes.There is difficulty in recruiting workers in some sectors and a high level of pressure on employment for some groups.Still, some pressure on maintaining stable employment, primarily due to the complex and…

The Ind-TD-DeMark-3-1 is a MetaTrader 4 custom indicator based on Tom DeMark’s famous TD Sequential strategy. This tool identifies likely trend exhaustion zones by counting price bars in a specific sequence. It’s often used by traders to catch price reversals or to confirm if a trend still has strength. The indicator adds visual clarity to the chart, making it easier to read and follow price action. How It Works in Simple Terms This indicator counts candles in a series, usually up to 9 or 13. When that count is complete, it signals that the market might reverse soon. For example,…

Australia's Santos backs $18.7 billion takeover bid from ADNOC-led consortium Source link

New bank loans in China rose less than expected in May, totaling 620 billion yuanmissing forecasts of 850 billion despite recent rate cuts and a temporary U.S.-China trade truceThis follows a nine-month low in AprilYear-on-year loan growth slowed to a record low of 7.1%, down from 7.2% in April.Household loans (mostly mortgages) grew slightly in May (+54bn) after a sharp contraction in April, but corporate loan demand weakened.Broad M2 money supply rose 7.9% y/y, also below expectations of 8.1%, and down from April’s 8.0%.Total social financing (TSF) growth remained steady at 8.7%, supported by increased government bond issuance.Analysts cited persistent…