Author: FX
UOB’s Quek Ser Leang notes that the US Dollar against the Chinese Yuan has stayed within the previously flagged range, with only modest upward momentum despite a push toward 6.8000. He still sees USD/CNH confined between 6.7750 and 6.8080 over the next 1–3 weeks, with nearby support at 6.7900 and 6.7850 and major resistance at 6.8080.Dollar stays capped in defined range”24-HOUR VIEW: Yesterday, we were of the view that USD “is likely to trade in a range between 6.7800 and 6.7930.” We were incorrect, as USD rose to a high of 6.7998. Despite the advance, upward momentum has not increased…
Oil jumped 4.7% after the U.S. pulled Iran’s waiver, the dollar recovered, and gold fell. Updated scenarios, fresh levels, and the Wednesday Fed-minutes plan inside. Source link
USD/CAD started the year at 1.37 and has risen to 1.42. I expect we round trip. The USMCA negotiations are top of mind right now but the ‘ask’ side from the US is manageable and I see plenty of signs of confidence on the Canadian side. There will be some token concessions but – after some brinksmanship – there should be some clarity and a relief rally. If anything, the risks are all to the CAD upside as there is a high likelihood of lower tariffs for steel, aluminum and perhaps lumber. On Monday we got the Q2 business outlook…
Commerzbank’s Dr. Ralph Solveen notes that German industrial output rose 0.9% in May versus April, leaving April–May production slightly above the first-quarter average. With manufacturing sales outperforming output and energy prices having spiked only temporarily, he argues there is a growing likelihood that the German economy avoided contraction in spring and could resume recovery later in 2026 as Oil prices fall.German industry shows tentative improvement”Industrial output rose by 0.9% in May compared with the previous month. As a result, output in April and May was slightly above the Q1 average. Since sales have performed even slightly better, there is a…
The June U.S. jobs report came in as traders were already juggling Fed uncertainty, fragile risk sentiment, and yen intervention nerves. With central bankers stepping back from clear forward guidance, one data print had the potential to punch well above its usual weight. Here’s how our NFP watchlist held up once the numbers crossed and the dollar started moving. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks…
It’s been a slow session with no major news or economic data releases. Iran’s foreign minister said talks on a final agreement with the US will not begin as long as military threats persist, highlighting the fragile state of negotiations despite recent progress. German industrial production surprised to the upside in May, rising 0.9% month-on-month against expectations for a 0.2% increase. The stronger-than-expected reading offered a modest boost to confidence in the Eurozone manufacturing sector, although the broader outlook remains clouded by external risks and uneven economic momentum. UK Halifax house prices rose 0.2% in June, beating expectations for a…
RaboResearch Global Economics & Markets discusses how the Federal Reserve’s new task force on inflation frameworks under Chair Warsh may elevate trimmed inflation in policy decisions. The report argues that, despite higher energy prices, trimmed inflation’s stability since the war could justify further rate cuts, aligning with President Trump’s rate preferences, while warning that trimmed measures can also imply hawkishness and slow Fed reactions.Fed focus shifts to trimmed inflation”With the Fed’s new task force on inflation frameworks – announced at Warsh’s first press conference as Fed Chair – we could see trimmed inflation measures gain increased prominence in monetary policy…
The MT4 Daily Range Indicator helps solve that problem by showing how much a currency pair has already moved during the current trading day. Instead of guessing whether the market still has room to run, traders can compare the current movement with the average daily range and make better decisions. This simple information often keeps traders from chasing price after an extended move or entering during exhausted conditions.Many traders combine this indicator with trend analysis, support and resistance, and candlestick confirmation. The following sections explain how the indicator works, where it performs best, and how it can fit into a…
There are just a couple of expiries to take note of on the day, as highlighted in bold below.The first one is for EUR/USD at the 1.1400 level. It doesn’t really tie to any technical significance, keeping just below the key hourly moving averages in the range of 1.1406-20 currently. As such, the expiries could just act as an added layer to keep price action from falling off too much on any downside extensions in the session ahead.The dollar is looking more mixed and tentative after early gains yesterday, so traders are likely to be more pensive awaiting a fresh…
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.The price for Gold stood at 12,665.01 Indian Rupees (INR) per gram, down compared with the INR 12,769.91 it cost on Monday.The price for Gold decreased to INR 147,722.20 per tola from INR 148,945.80 per tola a day earlier.Unit measureGold Price in INR1 Gram12,665.0110 Grams126,650.90Tola147,722.20Troy Ounce393,926.10FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…