Author: FX

The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD0.03%0.24%-0.12%-0.05%-0.04%-0.06%0.13%EUR-0.03%0.21%-0.16%-0.10%-0.06%-0.09%0.11%GBP-0.24%-0.21%-0.37%-0.29%-0.27%-0.30%-0.11%JPY0.12%0.16%0.37%0.06%0.08%0.03%0.24%CAD0.05%0.10%0.29%-0.06%0.02%-0.02%0.18%AUD0.04%0.06%0.27%-0.08%-0.02%-0.03%0.17%NZD0.06%0.09%0.30%-0.03%0.02%0.03%0.19%CHF-0.13%-0.11%0.11%-0.24%-0.18%-0.17%-0.19% The heat map shows percentage changes of major currencies against…

Hanzawa says that: “There is a reasonable possibility that the BOJ will raise interest rates as early as in March or April.”For now, markets are not really expecting one to come next month at least. That as the Japanese central bank will still have to wait on how the spring wage negotiations play out. The next policy meeting will take place on 19 March, and traders are pricing in ~89% of no change to interest rates.As for the 28 April meeting, the odds of that are skewed to the other side. Traders are instead pricing in a ~64% probability of…

The EUR/GBP cross gains momentum near 0.8745 during the early European trading hours on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid weak economic data from the United Kingdom (UK). The UK Retail Sales and preliminary reading of the Eurozone Gross Domestic Product (GDP) will be in the spotlight later on Friday. The cooling labor market data and signs of softer inflation in the UK may prompt the Bank of England (BoE) to consider further interest rate cuts later this year, even though it held the rate at 3.75% in its February policy meeting.The UK Consumer Price Index (CPI) rose 3.0% YoY in…

Airbus softens output goal amid Pratt & Whitney engine delays Source link

After spiking to record highs last month, gold is back in a holding pattern with this ascending triangle on the 4-hour time frame. Could it be gearing up for a breakout soon? Check out these potential targets in either direction! Gold (XAUUSD) 4-hour Chart Faster with TradingView This precious metal had its fair share of whipsawing price action early this month, reacting to a mix of factors including geopolitical headlines, AI-led tech sector disruption jitters, shifting Fed policy biases, and market panic, to name a few. Now gold is back in consolidation as traders wait for the next big news.…

U.K. CPI eased to 3.0% year-on-year in January 2026, down from 3.4% in December last year. This marked its lowest reading in ten months, as lower fuel prices and cheaper airfares weighed heavily on the headline figure. On a monthly basis, CPI fell 0.5% in January 2026, compared with a decline of just 0.1% a year earlier. The broader CPIH measure — which includes owner-occupiers’ housing costs and is considered the ONS’s most comprehensive inflation gauge — fell to 3.2% annually, down from 3.6% in December. Key points from the U.K. CPI Report Headline CPI: 3.0% year-on-year (January 2026), down…

Japan’s machinery orders rebound sharply, reinforcing capex strength despite fiscal caution.Summary:Core machinery orders surged 19.1% m/m in December vs 4.5% expectedAnnual growth jumped to 16.8% y/y vs 3.9% forecastRebound follows sharp November declinesData support the BOJ’s outlook for continued economic expansionCorporate survey (report earlier) shows ongoing fiscal caution despite strong capex signalJapan’s core machinery orders delivered a powerful upside surprise in December, underscoring renewed momentum in business investment and offering support to the Bank of Japan’s constructive growth outlook.Core machinery orders, a volatile but closely watched leading indicator of capital expenditure, surged 19.1% month-on-month, far exceeding expectations for a 4.5%…

The engulfing candle indicator for MT4 solves this by automatically detecting these patterns across your charts. It alerts you the moment a valid engulfing formation appears, eliminating the guesswork and letting you focus on trade management rather than pattern hunting. But here’s what most traders don’t realize about using this tool effectively. What the Engulfing Candle Indicator Actually Does An engulfing candle indicator identifies specific two-candle patterns where the second candle’s body completely covers the first candle’s body. In a bullish engulfing pattern, a green candle engulfs a red one, suggesting buyers have overwhelmed sellers. The bearish version shows a…

Executive summaryTopping trend: SPX may have topped at $6,993.Potential target: $6,521 – the beginning of the diagonal pattern, with potentially lower levels.Wave count: Completed ending diagonal and 5-wave rally since April 2025.On February 17, SPX declined to its lowest level since December. Though it was a quick touch of new lows, the minimum waves are in place to consider an important top at hand.Current Elliott Wave analysisThe minimum waves are visible to count a completed Elliott Wave ending diagonal pattern in place. The ending diagonal pattern started at $6,521 on November 21 and appears to have completed in truncation at $6,993 on February 11.Ending diagonal patterns take the…

Crude oil prices appear to have hit a ceiling after posting strong gains in the past few trading sessions. Will this lead to Black Crack dipping back toward its previous support areas? Here’s what we’re seeing on the 4-hour time frame: WTI Crude Oil (USOIL) 4-hour Chart Faster with TradingView Progress in the U.S.-Iran nuclear talks appears to have stalled in recent sessions, with U.S. Vice President JD Vance saying Iran has yet to meet Washington’s core demands and even hinting that military action remains a possibility. Reports that Iran issued notices about planned rocket launches on Thursday likely heightened…