Author: FX
Dollar bears painted the town red almost the entire day while risk assets tossed and turned, as markets awaited the August 1 tariffs deadline. Here are headlines you may have missed in the last trading sessions! Headlines: Japan’s Upper House elections led to loss of majority for ruling coalition New Zealand Inflation Rate for Q2 2025: 0.5% q/q (0.3% q/q forecast; 0.9% q/q previous); 2.7% y/y (2.1% y/y forecast; 2.5% y/y previous) U.S. Treasury Secretary Bessent said that it’s the quality of the trade deals that matter, not the timing Canada PPI for June 2025: 1.7% y/y (2.5% y/y forecast;…
USD/CHF is finding technical support from a previous area of interest! Will this help the pair extend its weeks-long uptrend? Let’s take a closer look at the 4-hour chart: USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar retraced its gains against the Swiss franc last week, after FOMC member Waller openly backed rate cuts. That, along with upbeat U.S. data lifting risk appetite, gave the franc a leg up. Fresh tariff threats out of Washington also weighed on the dollar, dragging USD/CHF below the .8000 mark. Remember that directional biases and volatility conditions in market price are typically driven…
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After months of political uncertainty and rising prices straining voters, Japan’s ruling coalition has officially lost its majority in the upper house election, marking the first time since 1955 that the LDP has lost control of both parliamentary chambers. For traders out there who need a quick 411 on what’s been happening, here are four things you need to know about the historic election results. The ruling coalition suffered a historic defeat Prime Minister Shigeru Ishiba’s Liberal Democratic Party and coalition partner Komeito won only 47 seats, falling short of the 50 needed to retain their majority in the 248-seat…
The Several Moving Average MT4 Indicator is a technical tool that displays multiple moving averages on one chart. These lines represent different periods, like short-term and long-term trends. By showing several moving averages together, traders can quickly spot the overall direction of the market and identify potential reversals. It’s a simple yet powerful way to keep track of momentum and trend strength in real time. Why It Matters in Trading When traders use only one moving average, they may miss important shifts in the trend. But with several moving averages, the picture becomes much clearer. For example, when shorter averages…
US appeals court allows Trump administration to remove deportation protections for Afghans, Cameroonians Source link
US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are needed and regulators should consider abandoning ‘flawed’ dual capital requirements for banks, per Reuters. Bessent spoke at the start of a Federal Reserve regulatory conference. He further stated that excessive capitalization requirements were imposing unnecessary burdens on financial institutions, reducing lending, hurting growth and distorting markets by driving lending to the non-bank sector.Market reactionAt the time of writing, the US Dollar Index (DXY) is trading 0.04% higher on the day to trade at 97.87. US Dollar FAQs The US Dollar (USD) is the official…
USD/CAD weakens to near 1.3680 in Tuesday’s early Asian session. Speculation around a possible replacement of Fed Chair Jerome Powell weighs on the US Dollar. Lower crude oil prices might help limit the pair’s losses. The USD/CAD pair extends the decline to 1.3680 during the early Asian session on Tuesday. The renewed concerns over the US Federal Reserve (Fed) independence weigh on the US Dollar (USD) against the Canadian Dollar (CAD). Fed Chair Jerome Powell is set to speak later on Tuesday.A White House official said that US President Donald Trump is likely to fire Fed Chairman Powell soon. However, Trump denied it in a Truth Social post…
White House pressure on the Fed risks stoking inflation and hurting markets, study findsPolitical interference in Federal Reserve policy tends to push inflation higher and weaken risk assets, according to a study cited by T.S. Lombard economists.The research, by economist Thomas Drechsel, tracks presidential interactions with the Fed using diary records and highlights episodes where the central bank clearly yielded to political demands—such as under Nixon before the 1972 election and during Lyndon Johnson’s presidency. From this, Drechsel built a “political pressure” index.T.S. Lombard says the study’s findings are especially relevant todayWhen the Fed eases policy under political pressure, inflation…
The earnings calendar starts to heat up this week with Alphabet releasing on Wednesday after the close . Recall after the last earnings report back on April 24, earnings beat expectations and initially moved higher but then fell sharply on reports of the search engine giant losing market share to the other AI engines. That sent the price from about $165 down to $147.84. The price has since rallied 27.5%. Shares are up $3.50 today or 1.9% at $188.61. The price is at the highest level since February 7. The all-time high price is at $207.05 reached on February 5th.Looking…