Author: FX

Last Thursday, Turkey’s central bank (CBT) surprised markets by raising its main policy rate from 42.5% to 46.0%. Simultaneously, it increased the overnight lending rate to 49%, and the overnight borrowing rate to 44.5%. Prior to this, we had imagined that CBT would try to avoid hiking the main rate (in an effort not to irk President Tayyip Erdogan) and that this was probably the reason why CBT had resorted to re-starting the use of its infamous ‘rate corridor’ after volatility broke out in the wake of Istanbul mayor Ekrem Imamoglu’s detention. But Thursday’s decisive rate hike by CBT put…

The MyRsi MT4 Indicator is a custom tool designed for the MetaTrader 4 (MT4) platform, which is one of the most popular trading platforms worldwide. This indicator uses the Relative Strength Index (RSI) to help traders identify overbought and oversold conditions in the market. By doing so, it aids traders in spotting potential reversal points and market trends more accurately. The beauty of this indicator lies in its simplicity. It takes a classic technical tool—the RSI—and enhances it with custom features that make it easier for traders to read and act on. How Does the MyRsi MT4 Indicator Work The…

Bitcoin recently broke above a trend line resistance! Will this lead to the OG crypto reversing its 2025 trend? We’re checkin’ out the 4-hour chart for more info: Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, fresh worries over higher tariffs and Trump’s attacks on Fed Chair Powell have rattled confidence in the dollar and raised questions about the Fed’s independence. Meanwhile, Bitcoin and other USD rivals have been on the move, boosted by hopes for trade deals, peace talks between Russia and Ukraine, and progress on a U.S.-Iran nuclear agreement. Remember that directional biases and volatility…

Have you noticed USD pairs bouncing around lately? While economic data releases often drive these movements, political drama can also cause serious dollar volatility. What’s this drama? 📺 President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell on Monday, calling him “a major loser” for not cutting interest rates and warning that the U.S. economy could slow unless Powell acts swiftly. In a post on Truth Social, Trump urged Powell to implement “pre-emptive” rate cuts, arguing that inflation is minimal and that Powell has repeatedly been slow to respond to economic changes. These remarks are part of…

The Correlation Calculator Panel MT4 Indicator is a must-have tool for traders who want to enhance their strategy. It works by calculating and displaying the correlation between various currency pairs, making it easier to predict market movements. This indicator works in real-time, continuously updating correlation data as market conditions change. By using this tool, traders can quickly assess how different currency pairs are related, which helps in making more accurate trade decisions. Why Currency Pair Correlation Matters in Trading Currency correlation refers to how two currency pairs move about each other. Positive correlation means the pairs move in the same…

Will this week’s Eurozone PMIs support talks that further ECB rate cuts are NOT a done deal? Our Event Guide for the Eurozone April flash PMI Reports points out that upside surprises would hint at business resilience amidst global tariff concerns. In this scenario, we’re looking closely at EUR/CHF and EUR/CAD’s charts for EUR bullish opportunities: 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

With each passing day that Trump’s tariffs stay in place, we’re descending further into chaos. Japan was supposed to be the easiest of battles to win in this tariffs war but that’s looking like a crapshoot now. The early indications were there amid the difference in communication between Trump himself and the Japanese side. There really are no easy deals at this point.At the same time, there’s the continued game of chicken between the US and China. The rest of the world is set to be the innocent bystander but also going to suffer from the consequences of the economic…

WTI attracts some dip-buyers on Tuesday, though it lacks any strong follow-through.Easing supply disruption fears and trade war concerns cap gains for the commodity.Geopolitical risk premium and a bearish USD act as a tailwind for the black liquid.West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Tuesday, though the intraday uptick lacks bullish conviction. The commodity remains below a two-week high touched last Friday and currently trades around the $62.80-$62.85 region, up just over 0.30% for the day.Signs of progress in nuclear deal talks between the US and Iran helped ease supply concerns, which,…

Are we about to see another round of weakness in eurozone business sectors this month? Our Event Guide for the Eurozone April flash PMI Reports suggests that manufacturing and services industries might already be feeling the damage from global trade uncertainty. Here’s what I’m looking at on EUR/GBP and EUR/JPY in case the latest flash PMI readings fall short. 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

With European traders still out for the holiday and no major data on deck, markets zeroed in on global trade tensions and chatter that Trump might oust Fed Chair Powell. How did the major assets react to these concerns? Here are the updates from the latest trading sessions! Headlines: Over the weekend, the US and Iran concluded a second round of nuclear talks, with both sides indicating there has been progress As expected, PBOC kept its 1-year and 5-year loan prime rates steady at 3.1% and 3.6%, respectively China warns it “will take countermeasures in a resolute and reciprocal manner”…