Author: FX

EUR/JPY extends its losing streak for the fourth consecutive session, trading around 175.60 during the European hours on Tuesday. The technical analysis of the daily chart indicates a potential for a bearish shift as the currency cross is positioned below the ascending channel pattern.Additionally, the short-term price momentum is weaker as the EUR/JPY cross has moved below the nine-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) is still positioned above the 50 mark, suggesting that bullish bias is in play. Further movements will likely offer a clear directional trend.On the downside, the EUR/JPY cross may navigate…

Trend traders huddle up! EUR/GBP is hanging around a key support area that could be a pretty decent spot to jump in on the pair’s uptrend. Here’s what we’re seeing on the 4-hour time frame! EUR/GBP 4-hour Forex Chart by TradingView The euro didn’t get much love in previous trading sessions as the U.S. dollar bounced back after Trump’s more conciliatory comments on China’s tariffs. Meanwhile, Sterling rode the wave of broad risk rallies and got an extra boost after Bank of England (BOE) member Greene hinted the Bank might keep rates steady through 2026 to manage rising inflation risks.…

The US stock market was open yesterday but the bond market was closed. And with it being a major holiday, it definitely sapped a lot of the liquidity conditions and market appetite. So, think of today as being the return from the long weekend and where the week officially begins.Wall Street kept active with US indices bouncing back a fair bit after the Friday drop. US-China trade tensions remain the key driver at the moment, with investors pretty much settled on how they think the Fed will move at the end of this month.The S&P 500 clawed back losses with…

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.25 during the early Asian session on Tuesday. The DXY holds steady as US President Donald Trump’s watered-down rhetoric against tariffs on China. The Federal Reserve’s (Fed) Chair Jerome Powell speech will be in the spotlight later on Tuesday. On Friday, Trump threatened China with 100% tariffs beginning on November 1. However, he tempered his tone on Sunday, saying, “Don’t worry about China, it will all be fine.” US Treasury Secretary Scott Bessent stated on…

We’ve got Australia’s jobs figures lined up this week, and the results could continue to shape RBA policy expectations. Number crunchers are predicting a strong rebound in hiring for September, but the unemployment rate could still tick higher. Here’s what to look out for when trading this top-tier release. 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 Auto Envelope MT4 Indicator is designed to create a price channel that adapts automatically to market conditions. It calculates the upper and lower envelope bands around a moving average, showing potential reversal points or areas where prices may stabilize. This gives traders a clear visual idea of price extremes—ideal for identifying when the market might turn back in the opposite direction. It’s a great tool for both beginners and experienced traders looking for a consistent way to track price movements. How It Works The indicator automatically adjusts its envelope levels based on volatility. When the market becomes more active,…

Australia central bank to be cautious, data dependent on future policy Source link

Rabobank says the latest rebound in the U.S. dollar is being driven largely by short-covering, rather than a shift in underlying fundamentals, as much of the bad news and anticipated Federal Reserve rate cuts were already priced in. The bank expects this adjustment phase to extend in the near term, allowing markets to reassess U.S. fundamentals once normal data releases resume.The absence of official U.S. economic data amid the government shutdown is making it difficult to fine-tune expectations around Fed policy, Rabobank notes. Meanwhile, U.S.–China trade developments could influence both inflation and growth forecasts in the coming months, potentially shaping…

NZD/USD is still stuck near multi-month lows approaching the 0.5700 handle, opening up a fresh trading week with limited day-to-day changes but still leaning into the weak side. Federal Reserve (Fed) rate cut expectations and refreshed US-China trade war concerns are driving global markets, spearheaded by strong flows in US Dollar (USD) positioning.The USD side of the docket will dominate Kiwi flows this week, with little of note on the New Zealand side of market focus. The Federal Reserve (Fed) appears to be on pace to deliver two more interest rate cuts through the end of the year, and rate…

The Fed has great sources of information even with the government shutdown.Next year is a long way off in terms of monetary policy.So far seen both labor supply and demand for workers declining at about the same pace.The breakeven rate for monthly jobs is lower than it was and hard to assess right now.Suspect the breakeven rate is lower than 75K per month.Would not want to step on a productivity boomthe Fed should explore what productivity growth can be.Muted tariff inflation so far is a testament to business creativity in managing costs.Do not see the type of demand conditions that…