Author: FX
The Reserve Bank of New Zealand is expected to serve up another interest rate hike this week. Our Event Guide for the RBNZ Monetary Policy Decision suggests that since a hike is already widely expected, the real market mover could be the press conference scheduled an hour after the statement. If the central bank still manages to sound less upbeat on the Kiwi, then GBP/NZD and NZD/USD could offer interesting setups for NZD traders. Source link
Australia vows stronger ties with Solomon Islands amid China concerns Source link
AUD/CAD continues to pace back and forth between support and resistance on its 4-hour time frame. Will it bounce off the top again soon? Source link
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com Source link
May 2026 data from Japan. Household spending:+3.7% m/m expected +1.4%, prior +1.6%-0.4% y/yexpected -2.5%, prior -0.5%Wages:Average Cash Earnings +3.2% y/yexpected +3.4%, prior +3.5%)Same Sample Base Cash Earnings +2.9% prior +2.9%Overtime Pay +2.9% y/yprior +4.2%—I’ll have more to come on this separately. This article was written by Eamonn Sheridan at investinglive.com. Source link
Tech shares powered Wall Street higher as it reopened after the holiday, Bitcoin swung wildly before leading gains, and the dollar firmed early then faded to close mixed. Source link
Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,XAG/USD Price Forecast: Technical outlookOverall, the XAG/USD is downwardly biased, as last week’s four-day rally stalled for several reasons. First, geopolitical risk premium is out of the picture, and second, a potential “death-cross” in the daily chart increases the likelihood of further losses.Momentum is flatline after four days of…
Hyper Bit Technologies (HYPAF) on Monday said it launched a non-brokered private placement to raise up to C$1.5M through the sale of up to 15M units priced at C$0.10 each. The company said proceeds will be used to purchase cryptocurrency mining equipment, repay debt, fund marketing activities and for working capital. Each unit includes one common share and one warrant exercisable at C$0.15 for three years. More on Hyper Bit Technologies Ltd. Source link
The EURUSD and GBPUSD have both turned sharply higher in the early North American afternoon, with buyers gaining momentum.For the EURUSD, the pair has erased its earlier losses and is now trading close to unchanged on the day. From a technical perspective, the key development is the failed break below the 100-hour moving average at 1.14177. Sellers had their opportunity but couldn’t sustain downside momentum, allowing buyers to regain the short-term technical edge.The GBPUSD has strengthened even more, up around 0.23% on the day and trading near 1.3382, just shy of the session high at 1.3384. The pair is now…
USD/CHF gains 0.37% on Monday, trading around 0.8060 at the time of writing, as the US Dollar (USD) rebounds despite slightly softer expectations for further monetary tightening by the Federal Reserve (Fed).The Greenback’s recovery comes as investors reassess the monetary policy outlook following last week’s weaker-than-expected United States (US) Nonfarm Payrolls (NFP) report. Despite signs of a cooling labor market, the US Dollar is benefiting from renewed demand, also supported by persistent geopolitical tensions in the Middle East, particularly around the Strait of Hormuz.According to the CME FedWatch tool, markets continue to price in a scenario of additional Fed interest…