Author: FX

Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%) The core rate is still very solid, underlying at 3.4% (expected 3.4%, prior 3.3%) AUD down, headline and m/m core lower than expected. investingLive Exclusive 26m ago Source link

Smart Money Concepts (SMC) is a trading methodology built on the idea that large institutional players — banks, hedge funds, central banks — leave footprints in price action. Those footprints show up as liquidity grabs, market structure shifts, order blocks, and fair value gaps. Retail traders who learn to read these signals trade alongside institutional flow rather than against it. The Luxalgo SMC Indicator for MT4 automates that process. It scans price data in real time and plots key SMC elements directly on the chart: Break of Structure (BOS), Change of Character (CHoCH), order blocks, fair value gaps (FVGs), and…

West Texas Intermediate (WTI) oil price declines after registering more than 3% gains in the previous day, trading around $91.90 per barrel during the Asian hours on Wednesday. Crude oil prices decline as traders weigh potential progress toward a US-Iran peace agreement.However, oil prices could rebound due to renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz. The diplomatic friction comes amid fresh military clashes in the region. The US military confirmed it launched self-defense strikes in southern Iran, while Iran’s Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated…

Sunday’s cheat sheet called for a bifurcated early week — Trump’s “largely negotiated” Iran claim colliding with Tehran’s “far from reality” rebuttal, with PCE positioned as the week’s decisive catalyst. Two sessions in, that’s broadly the script we’ve gotten, but the magnitudes have been larger than the base case allowed for. Monday’s holiday-thinned session delivered a 6.57% WTI collapse to $89.50 on weekend deal optimism alone — briefly piercing Sunday’s $91 base case support. Tuesday then handed us overnight US strikes against Iranian forces near Hormuz, Iranian anti-ship missiles fired at US naval assets, AND continued Doha talks via…

AUD/NZD shows a bullish MACD crossover, suggesting a potential bullish momentum shift. Can price extend higher or fail and revert to range trading? Source link

ECB policymaker Francois Villeroy de Galhau tells CNBC the bank will do what is necessary to return inflation to 2%, as eurozone prices hit 3% on Iran war energy shock. Summary: Source: CNBC interview with Bank of France Governor Francois Villeroy de GalhauBank of France Governor Villeroy de Galhau told CNBC the ECB will act as much as necessary to bring inflation back to its 2% medium-term targetEurozone inflation rose to 3% in April, up from 2.6% in March, after sitting just below the ECB’s target at 1.9% before joint US-Israeli strikes on Iran began on February 28The ECB held…

 Minneapolis Fed President Neel Kashkari said that the central bank could begin “a series of” rate increases as inflation rises, sparked by the Middle East conflict, in comments to Nikkei as he visits Tokyo for two days to attend the Bank of Japan’s annual conference.He said that “the next rate change could be either a cut or a hike,” adding that it would depend on inflation’s behaviour. Kashkari added that a persistent closure of the Strait of Hormuz can affect long-term inflation expectations in households and businesses, which “could become unanchored.”Consequently, the central bank would likely tighten policy. “Federal funds…

Court blocks Alabama from erasing significantly Black US House district Source link

The USDJPY is stretching to new highs and in the process is moving above the high from last week at 159.337. The price just ticket to 159.35. Can the momentum higher continue. Earlier today, the pair moved back above its 100 hour MA at 159.008, and that shift helped tilt the bias back to the upside. Sellers had their shot below that MA at the start of the week, but the momentum could not be sustained. The inability to extend below the 200 hour MA at 158.875 kept the buyers in play and the break above the 100 hour MA…

MUFG’s strategists flag the Reserve Bank of New Zealand (RBNZ) as a key event risk, with markets expecting no move this week but assigning a meaningful probability to a July rate hike. They note that New Zealand rate markets are nearly fully pricing three hikes by year-end, and that prior RBNZ guidance stresses readiness to act decisively if inflation pressures persist.Markets eye potential tightening path”The RBNZ is expected to leave its policy rate unchanged in the week ahead. Market participants will be watching closely to see whether it provides a strong signal on the potential for a rate hike as…