Author: FX
USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session.The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East…
With no NFP noise to drown out the impact of Canada’s jobs report this week, this top-tier release could trigger a bigger market reaction than usual. Here’s what to look out for. Source link
Smithsonian head says White House report unfairly characterized US history museum Source link
The Accurate Trend Arrow Indicator MT4 is designed to reduce that frustration by giving traders visual buy and sell arrows based on changing market conditions. Still, timing a trend isn’t easy. A single false entry can lead to unnecessary losses, emotional trading, and a series of poor decisions that damage an account.The challenge becomes even bigger during fast-moving sessions like London or New York, where prices can reverse within minutes. Chasing every signal often results in getting caught in market chop instead of real trends. That’s where a well-designed trend arrow indicator can help. It doesn’t replace trading knowledge, but…
Iran seeks a deal, Trump says, after first US infrastructure strike !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
United Overseas Bank’s (UOB) Senior Technical Strategist Quek Ser Leang notes that USD/CNH has broken higher, with momentum improving after Monday’s move to 6.8051 and a close at 6.8038. The bank now sees scope for a test of resistance at 6.8080 and potentially last month’s high at 6.8195, provided the pair holds above nearby support levels.Upside risk building above 6.8080″24-HOUR VIEW: USD rose to a high of 6.7998 on Monday. When USD was at 6.7945 yesterday, we highlighted the following: “Despite the advance, upward momentum has not increased much. However, USD could potentially rise above 6.8000. The major resistance at…
GBP/JPY’s upper Keltner Channel breach puts focus on whether buyers can sustain momentum or whether price snaps back inside the channel. Source link
FOMC Minutes: “A few” participants saw the case for raising rates !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was “over” during the NATO Summit in Ankara, Turkey. However, Reuters later reported that Trump did not repeat those remarks, citing a source familiar with the talks.At the time of writing, XAU/USD is trading around $4,040, retracing most of the gains recorded in the previous week.Tensions escalated after renewed fighting between the United States and Iran overnight, following attacks on commercial vessels near the Strait of Hormuz. Trump warned that the US would “probably hit them again tonight” and…
Trump declared the US-Iran ceasefire over after Iran struck ships in the Strait of Hormuz, sending oil prices surging 6% and rattling markets. Source link