Author: FX

Is this euro pair feeling exhausted from its climb? EUR/AUD made a couple of failed attempts to bust through the 1.7400 area and is now inching towards the neckline support at 1.7100. Don’t miss out on this potential reversal formation that’s brewing on its 4-hour time frame. EUR/AUD 4-hour Forex Chart by TradingView Dovish RBA expectations and tariffs fears had been propping EUR/AUD higher in early March, but it looks like the rally is starting to run out of steam. The pair struggled to extend its climb past the 1.7400 major psychological mark, as the Australian central bank recently shifted…

The major assets were all over the charts on Tuesday as the markets braced for Trump’s “Liberation Day” tariffs on April 2. Gold and oil prices eased from their Monday highs while U.S. bond yields and the U.S. dollar fell as tariff uncertainty kicked in. Check out the headlines you may have missed in the last trading sessions! Headlines: RBA kept rates steady at 4.10%, AUD recovered as Gov. Bullock tempered dovish RBA takeaway Japan Tankan manufacturing index for Q1 2025: 12 (12 forecast, 14 previous); Non-manufacturing index rose from 33 to 35 (vs. 33 expected) China Caixin manufacturing PMI…

Bank of Japan Governor UedaDepending on size of U.S. tariff hikes, it could have big impact on each country’s trade activityU.S. tariffs likely to push up U.S. inflation near-term, but could weigh on U.S. prices longer-term by cooling U.S. economic growthAnother big question is how U.S. tariffs could affect household, corporate sentiment, when gauging tariff impact on global economyWe will likely have more information on U.S. tariff policy when finance leaders gather for IMF/G20 meetings later this month, so likely to share views and debate approach among policymakersUSD/JPY is sitting around its session high after having traded higher earlier: This…

The Relative Strength Index (RSI) is a powerful tool, but alone, it might not always provide a clear picture. When combined with channels, this indicator can help smooth out market fluctuations and provide better insights. In this article, we’ll explore how the RSI with channels MT4 indicator can enhance your trading strategy and improve your decision-making process. Understanding RSI and Channels in MT4 The Relative Strength Index (RSI) is one of the most commonly used indicators in technical analysis. It measures the speed and change of price movements on a scale of 0 to 100. Traders typically use it to…

WTI price drifts higher to near $70.95 in Wednesday’s early Asian session.  Trump threatened Russia with oil tariffs if Moscow tried to block efforts to end the war in Ukraine. Crude oil stockpiles in the US climbed by 6.037 million barrels last week, according to the API.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.95 during the early Asian session on Tuesday. The WTI price edges higher amid supply worries after US President Donald Trump threatened Russia with oil tariffs. However, the upside for the black gold might be limited as traders braced for reciprocal tariffs that Trump is set…

Doug Emhoff's law firm Willkie Farr & Gallagher reaches deal with Trump Source link

Via oilprice.com:That headline is build in stocks is quite something, especially given a draw was expected. Expectations I had seen centred on:Headline crude -2.1mn barrelsDistillates -1.0 mn bblsGasoline -1.7 mn—This data point is from a privately-conducted survey by the American Petroleum Institute (API).It’s a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week’s…

DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near the 104.20 area on Tuesday, showing little directional bias after a series of soft US economic data releases. A weaker-than-expected ISM Manufacturing PMI print, a decline in Job Openings, and cautious Fed commentary paint a murky outlook for the Greenback. Despite modest gains, the technical…

Germany's outgoing government claims success over irregular immigration Source link

The Reserve Bank of Australia (RBA) left its cash rate unchanged at 4.10% in its April 2025 policy decision, as widely expected. The central bank statement maintained a cautious tone, noting that underlying inflation is moderating but emphasizing that returning inflation to target remains its top priority. Policymakers reiterated that monetary policy remains restrictive and that confidence is needed to ensure inflation continues on its downward path. The RBA also pointed to ongoing global and geopolitical uncertainties, adding that risks to the inflation outlook remain two-sided. While the language of the statement was largely unchanged from February, the RBA signaled…