Author: FX

How is Trump’s tariffs regime starting to impact U.S. businesses? The upcoming April flash PMI readings for the manufacturing and services sector could provide early insights on how demand, prices, and employment levels are starting to change. Here’s how the numbers tend to influence USD price action. 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

Risk assets rebounded on Tuesday, thanks to a mix of bargain hunting and easing global trade and Fed independence concerns. Which headlines moved the major assets around? Here are the updates from the latest trading sessions! Headlines: New Zealand trade surplus for March: 970M NZD (80M NZD forecast, 392M NZD previous) BOJ core CPI for March: 2.2% y/y (2.4% forecast, 2.2% previous) IMF cuts 2025 US growth forecast on trade tensions Canada producer prices index for March: 4.7% y/y (4.5% y/y forecast; 4.9% y/y previous); 0.5% m/m (0.5% m/m forecast; 0.4% m/m previous) Canada raw materials prices for March: 3.9%…

NZD/USD edges higher to near 0.5980 in Wednesday’s Asian session. The US Treasury secretary said a trade war with China is not sustainable. The RBNZ dovish bets might cap the NZD’s upside.  The NZD/USD pair gathers strength to around 0.5980 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) has risen to its highest level since early November 2024 against the US Dollar (USD) after the optimistic comments from the US Treasury Secretary Scott Bessent. Traders will take more cues from the flash US S&P Global Manufacturing and Services PMIs for April, which will be published later on Wednesday. Bessent…

The RSI Histogram Bars MT4 Indicator is based on the Relative Strength Index (RSI), a popular tool for measuring the speed and change of price movements. Unlike the traditional RSI line, this indicator displays the RSI as a histogram. The histogram bars provide a visual representation of the RSI’s momentum, making it easier for traders to spot key levels of overbought and oversold conditions. By using these bars, traders can quickly identify when the market might be reversing or continuing its trend. How It Helps Traders Make Better Decisions One of the main challenges for traders is determining when a…

Comments from Citigroup’s Chief Economist via a Reuters report ICYMI. In brief: “Tariffs are a stagflationary shock to the U.S. economy”40% to 45% chance of recessionexpects Q2 GDP up, driven by consumers making purchases ahead of tariffs coming into effectlargest negative impact on U.S. growth is expected during H2market reaction to tariffs and Trump’s attacks on Federal Reserve chair Powell may have a long-lasting impactTrump’s attack on Powell shows an “implicit admission of these negative effects” associated with the tariffsMarkets’ reaction since the announcement of tariffs shows a loss of confidence in U.S. policies”Should we mark down estimates of real…

AUD/USD trades around the 0.6400 zone, holding gains despite US Dollar stabilization.Concerns about a China-linked slowdown keep the Aussie under pressure, despite upbeat Q1 Chinese GDP.Resistance emerges near 0.6420; short-term moving averages maintain bullish alignment.The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during North American trading hours. The pair has shown resilience despite a minor rebound in the US Dollar Index (DXY), which bounced slightly from a three-year low as markets adjust to profit-taking after Monday’s steep USD decline. EUR/USD and GBP/USD have also eased from recent highs, while AUD/USD clings…

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The US stocks are getting a boost from comments from Treas. Sec Bessent who said that terrible standoff with China is unsustainable, and that he expects the situation to de-escalate. The comments were made within a closed-door investor Summit on Tuesday.The NASDAQ index moved up to 16333.89. The 100 hour moving averages at 16398.11. The 50 hour moving averages at 16417.63. Both of those moving averages would need to be broken to increase the bullish bias from a technical perspective. Note that last Thursday, the high price stalled just ahead of its 50 hour moving average keeping the sellers more…

Verizon stock sinks as Q1 earnings see ebb in growth.Net new subscriber additions are beginning to wane compared with the previous year and quarter.Dow Jones surges 1.7% as market looks forward to Tesla earnings.VZ stock breaks below 200-day moving average.Verizon (VZ) stock sold off on Tuesday after releasing first quarter earnings in the premarket, quickly becoming the worst-performing member of the Dow Jones Industrial Average (DJI) in the process.VZ stock lost about 3.2% at its lowest ebb but has risen on the wings of a general stock market rebound and sits 1.3% lower at the time of writing. The Dow…

The new week started with a bang as we saw strong moves across the board in the markets. The main theme remains the “sell America” trade, but bitcoin was a standout as it decoupled from the stock market. Bitcoin is generally correlated with stock market performance given that they have similar macro drivers like future growth expectations. Yesterday, the S&P 500 and the Nasdaq sold off, while bitcoin rallied. The correlation is not perfect and we saw many times bitcoin decoupling from the stock market due to idiosyncratic drivers, but I struggle to find a catalyst to justify yesterday’s price…