Author: FX
Credit Agricole sees the return of the “USD frown”—the relationship between USD and US equity/FI performance—driving near-term USD weakness. But they dismiss fears of a full-blown crisis akin to the UK’s “Truss moment,” citing continued global demand for Treasuries and the USD’s reserve status.Key Points:USD Selling on Risk Aversion:Investors are selling USD as US equities weaken and Treasury yields rise, fearing capital outflows and fragility in US fixed income following Moody’s sovereign downgrade.Political and Policy Concerns:Stalled fiscal stimulus talks in Congress and Fed commentary on stagflation risks have amplified worries over the macro backdrop and reinforced the USD’s vulnerability to…
AUDUSD technicalsThe AUDUSD is pushing higher today, extending above Wednesday’s high of 0.6469 and reaching a session peak of 0.6494. The pair is up 1.26% on the day, with an 87-pip trading range, well above the 22-day average of 72 pips—highlighting strong momentum in favor of buyers.Technically, the rally began in the early Asian session as the pair found support at an upward-sloping trendline. That bounce encouraged buyers, and the bullish tone strengthened once price broke above the converged 100- and 200-hour moving averages (blue and green lines on the chart near 0.6434).A brief dip in the early U.S. session…
Fritz Jorgensen/iStock Editorial via Getty ImagesVerbraucherzentrale NRW, a German consumer rights group, was unable to secure a court injunction against Meta Platforms (NASDAQ:META) to stop the tech giant from training its artificial intelligence models with user posts made on its social media platforms Facebook Source link
USD/CAD extends five-day losing streak, down nearly 1.30% this weekCanadian Retail Sales rise 0.8% in March, excluding autos it hit -0.7%.The US Dollar sinks to a two-week low amid fiscal concerns and stalled trade talks.The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Friday, marking a five-day rally. The USD/CAD is down nearly 1.30% this week, with the pair slipping below the 1.3800 psychological mark to trade near a two-week low as traders reacted to mixed Retail Sales data from Canada.The Loonie pair was already under pressure earlier in the day due to a broadly weak US…
WTI crude oil could be getting exhausted from its climb, as the energy commodity formed a double top on its hourly chart. Can it break below the neckline soon? WTI Crude Oil 1-hour Forex Chart by TradingView An improving global trade outlook on the heels of agreements between the U.S. and the U.K. plus a 90-day tariffs truce between the U.S. and China allowed crude oil to rally throughout the first half of May. However, the positive sentiment seems to be fading, leading the commodity to retreat from the $64 per barrel major psychological mark and dip back to support…
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NZD/USD soars to near 0.5960 as the NZ Dollar outperforms its peers after upbeat domestic Q1 Retail Sales data.RBA Hauser is hopeful of resilient demand from China.The US Dollar declines amid fears of an increase in US fiscal imbalances.The NZD/USD pair surges almost 1% to near 0.5960 during European trading hours on Friday. The Kiwi pair soars as the New Zealand Dollar (NZD) outperforms its peers on stronger-than-projected New Zealand (NZ) Q1 Retail Sales data. New Zealand Dollar PRICE Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar…
The Paragolic Close MT4 Indicator is a trend-following tool that helps traders identify potential buy and sell points. It’s based on the well-known Parabolic SAR concept but uses the closing price to generate signals. This small tweak makes a big difference. By focusing on the closing price, the indicator can filter out some of the market noise and provide smoother, more reliable signals. It’s designed to work on the MetaTrader 4 platform and can be used on any time frame. Why Traders Like It Traders often say the Paragolic Close feels more responsive than traditional indicators. That’s because it reacts…
Prior +0.2%That’s even better than the preliminary estimates and makes sense given the ECB rate cuts and fiscal boost. We should see even better figures going forward. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
The Australian Dollar gains ground as the US Dollar weakens amid lower Treasury yields.The AUD could struggle as RBA Governor Michele Bullock maintained a dovish tone by suggesting further rate cuts.The US Dollar depreciates as the 30-year Treasury yield falls to 5.03% after pulling back from 5.15%.The Australian Dollar (AUD) posts gains against the US Dollar (USD) on Friday after registering losses in the previous session. The AUD/USD pair jumps as the Greenback comes under pressure, driven by lower US Treasury yields, which continue to depreciate after the 30-year US bond yield topped in 19 months. US President Donald Trump’s…