Author: FX
AUD/JPY appreciates as GDP grew 0.6% QoQ in Q2, against the expected 0.5% growth.China’s Caixin Services PMI rose to 53.0 in August, came above the 52.5 expected.Japan’s Jibun Bank Services PMI stood at 53.1, while Composite PMI rose to 52.0 in August.AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia’s Q2 Gross Domestic Product and China’s Caixin Services Purchasing Managers’ Index (PMI).The Australian Bureau of Statistics (ABS) reported that Australian economy expanded 0.6% quarter-over-quarter in the second quarter, following the…
The Japanese Yen retains its negative bias amid domestic political uncertainty and the BoJ’s rate hike plan.Some follow-through USD strength helps USD/JPY climb back closer to the 149.00 round figure.The divergent BoJ-Fed expectations warrant caution ahead of important US macro releases.The Japanese Yen (JPY) hangs near a one-month low touched against a broadly firmer US Dollar (USD) earlier this Wednesday amid heightened domestic political and trade-related uncertainties. Furthermore, the lack of hawkish signals from Bank of Japan (BoJ) Deputy Governor Ryozo Himino on Tuesday turns out to be another factor that continues to undermine the JPY. The USD, on the…
The London Metal Exchange delayed the start of trading in Asia by 90 minutes on Wednesdayelectronic platform opened at 9:30 a.m. Beijing time instead of the usual 8 a.mNo reason was given according to unnamed LME traders quoted by Bloomberg The exchange didn’t immediately respond to a request for comment.—It takes quite a reason for an exchange like the LME to delay its open. If I was, say, short a few gold contracts and asked the exchange to delay open while I scrambled to provide margin they’d laugh at me. But, if I was a whale …. well, maybe they’d…
The Non Repainting Super Trend MT4 Indicator is designed to give traders dependable buy and sell signals without the fear of repainting. Unlike traditional indicators that may redraw their signals once the price shifts, this version keeps signals fixed, allowing traders to trust the information on their charts. This stability helps them avoid second-guessing their decisions and makes the indicator especially useful for beginners and experienced traders alike. How It Works on the Chart This indicator works by combining market trends and volatility to show clear uptrends and downtrends. When the market is in an uptrend, it highlights potential buy…
Bridgewater founder Ray Dalio has warned that the US is on track for a “debt-induced heart attack” within the next few years, citing the excesses created by Washington’s latest budget. He estimated the tipping point could come “in three years, give or take a year or two.”Dalio said the imbalance between the supply of US debt and investor demand would force the Federal Reserve into a painful choice. Either it allows interest rates to rise, risking a debt-default crisis, or it steps in to buy unwanted bonds by creating money. “Both paths would hurt the dollar,” he cautioned, adding that…
Looking at recent data, we are more-or-less on the projected path from the last round of ECB projectionsIn light of all the recent turmoil, the economy has held up quite well in Europe (cites US trade policy and Ukraine war)The market is pricing in about a 30% chance of an ECB rate cut by year end, with no scope for a move next week. This article was written by Adam Button at investinglive.com. Source link
As mentioned already in a previous post on UK long term yields here, the rise in long term rates is a global phenomenon. People are blaming government spending for this but central banks are also a big part of the problem.The dovish reaction function from central banks is causing market participants to shy away from long term bonds. The strongest examples are the UK and US yields. The BoE has been cutting interest rates in the face of the highest inflation among the G7 countries with a government that continues to run big deficits. The Fed continues to maintain a…
The Sliders MT4 Indicator is a custom tool that overlays price action with adjustable slider lines. These sliders act as dynamic guides that highlight possible support and resistance levels, trend directions, and breakout areas. Instead of relying only on traditional moving averages or candlestick patterns, the indicator offers a visual approach that is easy to read, even for beginners. It reduces market noise, helping traders focus on the bigger picture. Why Traders Use It One of the main reasons traders use the Sliders Indicator is its flexibility. It can be applied to different timeframes, from scalping setups on the 5-minute…
Will Australia’s Q2 2025 GDP report reinforce the RBA’s dovish biases? Or will the numbers temper traders’ easing expectations? Source link
Gold is up another 0.6% today as buyers continue to keep poised in chasing a major breakout move to start September trading. Things are continuing to fall into place for gold and after a period of consolidation since the end of May, is this where we see the technical side also play ball?Gold (XAU/USD) daily chartThe April high earlier this year stalled at the $3,500 mark and buyers have been biding their time ever since. After a couple of tests of the 100-day moving average (red line), we’re seeing buyers look to prove their mettle again this week. But again,…