Author: FX

Bank of Japan Governor Kazuo Ueda said early Friday that US tariffs are likely to exert downward pressure on Japan and the global economies.Key quotesUS tariffs are likely to exert downward pressure on Japan, global economies.Hard to say now how US tariffs will affect Japan’s price moves.Will closely monitor US tariff impact on Japan, overseas economic and price developments in deciding monetary policy.We will scrutinise data, including from hearings, available at the time of each policy meeting to gauge US tariff impact on Japan’s economy, prices.We will guide monetary policy appropriately from the standpoint of sustainably achieving 2% inflation target.When the external environment…

This tool is a game-changer for traders using MetaTrader 4, offering a simple yet powerful way to analyze market trends. By providing real-time insights into momentum and price movements, this indicator helps traders make more accurate decisions, ultimately improving their success rate. In this article, we’ll explore how the Amazing Oscillator works, its features, and how it can help you take your trading to the next level. The Problem: Difficulty in Identifying Market Trends For many traders, identifying market trends and timing trades accurately can be a challenge. Without proper indicators or tools, it’s difficult to predict whether prices will…

Argentina Senate rejects Milei nominees to top court Source link

Forecasts for Reserve Bank of Australia interest rate cuts ramped higher in the wake of Trump’s tariff trade war announcement on Wednesday. ANZ see the RBA cutting by 25bp at the next meeting, in Maythen further cuts in July and August The current cash rate is 4.1% (was cut from 4.35% in February). Three 25 bp cuts would take the cash rate to 3.35%. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

USDJPY technicalsThe USDJPY is under pressure after breaking through several critical technical levels, shifting the near-term bias firmly to the downside.The break below the converged 100 and 200 bar moving averages on the 4-hour chart, along with the 50% retracement of the September low to the March high (149.22–149.30), marked the initial bearish trigger. That move was compounded by the clean break below recent swing lows at 148.56, 148.72, and 148.10, indicating growing downside momentum.The pair has since moved into a key swing area between 147.23 and 147.33, where price briefly paused. Just above that is the 61.8% retracement level…

The Fitch Ratings agency downgraded its expectations for United States (US) Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration’s “Liberation Day” tariff announcement poses a direct risk to US economic health. Key highlights Liberation Day takes US tariff rates back to a level last seen in 1909. US growth in 2025 is likely to be slower than the 1.7% that we had projected in March, given higher-than-anticipated tariffs. Tariff hikes will result in higher consumer prices and lower corporate profits in the US.’ Upward pressure on goods prices from tariffs means the Fed is likely…

A key variable in the next leg in markets is how the Federal Reserve reacts to all this. I’ve seen some research today showing this will push US inflation to 5% and that’s a big headache for Powell.The market is pricing in a very high likelihood of a rate cut in June and about 104 bps in easing by this time next year. That all assumes the Fed looks through tariffs but some Fed officials aren’t on board with that thinking.Powell is scheduled to speak at 11:25 am ET on Friday. This article was written by Adam Button at www.forexlive.com.…

When it comes to trading in the forex market, the challenge often lies in identifying the right entry and exit points. Traders can find themselves overwhelmed with the constant market fluctuations, especially without a reliable indicator to guide them. The risk of missing out on profitable trades or making poor decisions is very real, and many traders struggle to overcome this. Enter the Superb Fractal MT4 Indicator—a tool that can help simplify trading and improve decision-making. This powerful indicator is designed to help traders identify market reversals, giving them a clear advantage in navigating the complexities of the forex market.…

The Indian Rupee attracts some sellers in Thursday’s early European session.  Trump plans to implement a 26% tariff on Indian imports, weighing on the INR.  The US weekly Initial Jobless Claims and ISM Services PMI will be the highlights later on Thursday.  The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs. Trump said on Wednesday that he would impose 26% tariffs on imports from India effective from April 9, a component of his comprehensive plan to place duties on all US…

France's Macron to convene sectors hit by U.S. tariffs – French presidency Source link