Author: FX
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…
With the BOE having a less dovish MPC vote in their latest meeting, an upside CPI surprise could tilt the odds further away from further easing. Our Event Guide for the U.K. CPI Report notes that the central bank projects that headline inflation could shoot up to 3.7% in April, which is way higher than market expectations. Here’s what I’m watching on EUR/GBP and GBP/NZD in this case. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited…
China's youth jobless rate drops in April to 15.8% Source link
The DWM Channels MT4 Indicator is a technical tool designed for use within MetaTrader 4. It helps traders visualize market trends by drawing price channels based on a specific formula. This formula is rooted in the concept of support and resistance, providing a clear framework for price movement. The indicator can help traders identify potential breakout points, which is particularly useful when the market is either trending or consolidating. For traders looking to get a better sense of where price might head, the DWM Channels MT4 Indicator serves as a helpful guide. How Does It Work? The DWM Channels MT4…
Markets expect U.K. consumer prices to have accelerated from March to April. But much of this expectation may already be priced in, suggesting minimal downside risk from the actual release. In this scenario, our Event Guide for the U.K. April CPI Report suggests that the British pound could see minimal downside movement in a potential buy-the-rumor, sell-the-news situation. Here’s why GBP/JPY and GBP/CAD may present good trading opportunities if the U.K. CPI report prints in within market estimates. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
Data on inflation for the March quarter provided further evidence that inflation continues to ease.Staff forecasts released today project that while headline inflation is likely to rise over the coming year to around the top of the band as temporary factors unwind, underlying inflation is now expected to be around the midpoint of the 2–3 per cent range throughout much of the forecast period.While recent announcements on tariffs have resulted in a rebound in financial market prices, there is still considerable uncertainty about the final scope of the tariffs and policy responses in other countries This article was written by…
The IFractals 4All TF MT4 Indicator is a tool used in MetaTrader 4 (MT4) that highlights fractal points, which are key price patterns that signify possible reversal points in the market. Fractals are formed when the market price shows a particular pattern that suggests a potential turning point. These points are critical for traders because they help in determining the direction of the market and understanding its structure. The IFractals 4All TF MT4 Indicator makes it easier to detect these fractals on your chart, offering an edge in decision-making. It works across multiple timeframes, which is especially beneficial for traders…
Analysts see a jump in U.K. consumer prices in April, but it’s possible that higher prices may be priced in. How might the British pound react to this week’s CPI report? We have the deets you need to know if you’re trading the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The Australian Dollar holds losses after People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10%.The Reserve Bank of Australia is expected to cut interest rates by 25 basis points on Tuesday.The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1.The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People’s Bank of China (PBoC) announced its Interest Rate Decision. The PBoC announced a reduction in its Loan Prime Rates…
Is EUR/USD about to gain traction on its downtrend after a recent breakout? With EUR scoring 7.2/10 versus USD’s 8.1/10 in this week’s FX Fundies Cheat Sheet, plus a confluence of technical resistance levels nearby, EUR/USD could be poised to resume its selloff to this month’s lows. Here’s an area of interest I’m watching on the 4-hour time frame. EUR/USD 4-hour Forex Chart by TradingView Positive developments in U.S. trade talks, particularly with the U.K. and China, have renewed the appeal of the U.S. dollar earlier this month. A few snags in economic data, notably in CPI and retail sales…