Author: FX
Canada reported a dip in its headline annual CPI from 2.3% to 1.7% in April, but other measures of inflation beat market estimates. Components revealed that the removal of the federal carbon price pushed energy costs sharply lower, leaving core inflation metrics to reach 13-month highs, potentially complicating the Bank of Canada’s path to further rate cuts. Link to Canada’s April CPI Report Here are key points from April’s CPI report: Annual inflation dropped to 1.7% in April from 2.3% in March (analyst forecast: 1.6%) Energy prices fell 12.7% year-over-year, with gasoline prices tumbling 18.1% Food prices accelerated to 3.8%…
The ATR MA Oscillator MT4 Indicator is a smart technical tool that combines two key elements: volatility and trend direction. It takes the Average True Range (ATR), which measures how much the price moves, and blends it with a Moving Average to create an oscillator. This oscillator shifts above and below a zero line, helping traders see whether momentum is building up or fading. When it moves above zero, buyers are gaining control; when it dips below, sellers may be taking over. Why Use This Indicator Many traders rely on just one type of signal—trend or volatility—but this tool combines…
US judge says deportations to South Sudan likely violate court order Source link
JP Morgan’s FX strategy team expects the US dollar to face mild downward pressure in the near term, driven by portfolio rebalancing and increased currency hedging—particularly from countries with large exposure to US equities.In a research note, the bank identified Norway, Switzerland, Canada, Sweden, the UK, Australia, and Israel as having the largest US equity holdings relative to their own GDP. “Capital repatriation could be most consequential for their currencies,” the team said, flagging these economies as potentially more sensitive to shifts in global asset allocations.While the bank does not anticipate large-scale capital outflows from the US, it sees “a…
Nike stock gains despite market downturn.Traders expect Vietnam’s leaders to negotiate a good deal on tariffs.The 90-day tariff reprieve ends in early July.Nike has overcome the 50-day SMA and could rally toward $74.Nike (NKE) shares are rising in the face of the gentle market downturn on Tuesday, and some traders might be interested in how to play the premier US sneaker king. NKE stock has transcended its 50-day Simple Moving Average (SMA) in the last several sessions for the first time since March 11, and one wonders if the bottom is in.Nike stock is up just under 1% at $62.62…
jetcityimage/iStock Editorial via Getty ImagesThe Trump administration is set to extend Chevron’s (NYSE:CVX) deadline to halt its operations in Venezuela by another 60 days, Bloomberg reported Tuesday, as the U.S. continues negotiations with President Maduro’s government over repatriation flights and the fate of U.S. detainees in the Source link
GBPUSD technicalsThe GBPUSD has reestablished a short-term bullish bias after a failed downside break last week. During that break, sellers had their shot as price moved below both the consolidation red box floor (see chart above), and then the 38.2% Fibonacci retracement (at 1.31603), but that break quickly reversed. The inability to sustain the move lower – and the base at the 38.2% after the failed break – gave buyers the green light to step back in—and they did. The price moved back above the 100-hour MA (see blue line on the chart above) on Tuesday of last week, and…
EUR/USD turns upside down as the US Dollar bounces back near the weekly low.Washington highlights Huawei-made AI chips as a threat to US export controls.The EU’s executive arm sees inflation averaging 1.7% in 2026.EUR/USD surrenders intraday gains and turns down to near 1.1230 during Tuesday’s North American session. The major currency pair faces selling pressure as the US Dollar (USD) recoups initial losses, driven by Moody’s downgrade to the United States (US) Sovereign Credit. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, claws back early losses after attracting bids near the weekly low of…
Fed: 54 bps (91% probability of no change at the upcoming meeting) ECB: 52 bps (93% probability of rate cut at the upcoming meeting) BoE: 45 bps (84% probability of no change at the upcoming meeting) BoC: 47 bps (64% probability of rate cut at the upcoming meeting) RBA: 73 bps (56% probability of rate cut at the upcoming meeting)RBNZ: 58 bps (82% probability of rate cut at the upcoming meeting) SNB: 47 bps (81% probability of rate cut at the upcoming meeting) *for the SNB, the rest of the probability is for a 50 bps cutRate hikes by year-endBoJ:…
Readily available Aluminium inventories in London Metal Exchange (LME) warehouses jumped by 92,950 tonnes to 343,025 tonnes yesterday. It’s the biggest tonnage increase since May 2024. It comes after Aluminium ordered for withdrawal from warehouses in Malaysia was placed back on warrant, ING’s commodity experts Ewa Manthey and Warren Patterson note.Chinese Aluminium output reaches a record high in April”Aluminium prices on the LME fell more than 1% in yesterday’s trading, leading most metals lower. Surging inventories added to the downbeat mood along with Moody’s downgrade of US debt and mixed economic data releases from China.””Meanwhile, in Aluminium supply developments, Chinese output…