Author: FX
The dollar is trading down as we get into the new week, continuing the drop from Friday.Even as oil prices continue to keep in the $80s and Treasury yields are remaining somewhat sticky, the dollar is starting to come under renewed pressure now. The charts are pretty telling about the current predicament for the US currency. And it’s all to do with the Fed.[EUR/USD daily chart]The most notable chart among dollar pairs right now is the EUR/USD. The pair is now moving back above the 100-day moving average (red line), after the Friday attempt to break the key level fell…
This week, potentially softer-than-expected Canadian inflation could pile on BOC rate cut bets and drag the Loonie lower against its major rivals. Our Event Guide for the Canadian CPI Report notes that average hourly wages for July came in well below expectations, hinting that underlying price pressures may not be as firm as the headline consensus suggests. In this scenario, setups on USD/CAD and AUD/CAD could provide trading opportunities for CAD sellers. Source link
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) begin the week on a cautious note after slipping over 3%, 1.5%, and 3.5%, respectively, in the previous week. BTC finds support around the key $62,300 level while ETH continues to trade sideways. Meanwhile, XRP hovers around $1.00, with weakening momentum suggesting deeper losses.Bitcoin finds support around key $62,300 markBitcoin price trades at $63,135 on Monday, holding a bearish near-term bias as it remains capped beneath the 50-day Exponential Moving Average (EMA) at $64,306 and well below the 100-day and 200-day EMAs at $66,388 and $71,800, respectively.Momentum readings reinforce the downside skew, with…
Stronger than expected inflationary pressures in Canada could revive BOC tightening talks! Our Event Guide for the Canadian CPI Report notes that the prices component of PMI surveys saw a strong uptick in July. Here’s what I’m looking at on CAD/CHF and GBP/CAD if this happens. Source link
The STI Obos Indicator MT4 helps identify these overbought and oversold conditions before traders make emotional decisions. When markets become overextended, traders often chase price instead of waiting for better opportunities. That can lead to unnecessary losses, poor entries, and frustration after several fake-outs. The STI Obos Indicator MT4 gives traders another layer of confirmation by highlighting areas where momentum may be losing strength. It doesn’t predict every reversal, but it helps traders judge whether price has moved too far from its recent balance. Here’s how this indicator works, where it performs best, and how traders can include it in…
Singapore NODX growth holds above 20% for fourth straight month in July !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Japanese economy expanded 0.3% over the quarter in the second quarter (Q2) of 2026, the preliminary report published by the Cabinet Office showed on Monday. This reading followed a 0.5% growth recorded in Q1 and missed market expectations of a 0.5% expansion.On an annualized basis, Japan’s Gross Domestic Product (GDP) grew 1.1%, compared with forecasts of 2.0% and the first quarter’s reading of 1.8% growth. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP…
Oil- weekend recap & what’s ahead: Iran vows to keep Hormuz shut, Trump tells Americans to accept high gas prices !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The US–Iran ceasefire expires Monday with Hormuz shut and Israel striking Lebanon. Five weighted lanes led by escalation, a thin US calendar, and ATR-sized levels inside. Source link
Bitcoin analysis shows what bulls need to do next to end this bearish 2026 !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link