Author: FX

It’s still early in the day and even if we are seeing risk trades keep steadier, the overall market mood is more tepid at best. Major indices in Europe are starting the day with just minor losses while S&P 500 futures are seen up 0.2%. It’s not hinting at much though, especially with bond markets globally still being under pressure.10-year yields in France closed in on the 4% mark once again yesterday and are still up some 26 bps this month to the highest levels since 2009. Meanwhile, 10-year yields in the US continue to push up and are sitting…

The standard Relative Strength Index measures momentum on a 0–100 scale, flagging overbought conditions above 70 and oversold below 30. It works. But it also generates a lot of chop — situations where price keeps grinding in one direction while RSI whipsaws around the midline. The RSI with Moving Average MT4 indicator solves this by plotting a smoothed moving average line directly on the RSI panel. Traders watch for crossovers between the RSI line and its MA, rather than just watching RSI levels. This shift from static thresholds to dynamic crossovers changes how signals are interpreted entirely. Most versions use…

Asian stocks extend losing streak as higher yields bite, Nvidia results in focus Source link

BofA has upgraded its yen view to neutral from bearish and cut its end-2026 USD/JPY forecast to 152 from 157, citing improving structural flows and flagging three catalysts that could turn it outright bullish.Summary: The following is drawn from a Bank of America Securities research note:BofA has upgraded its yen view to neutral from bearish and cut its end-2026 USD/JPY forecast to 152 from 157, even as the currency continues to weaken toward the 160 levelThree catalysts would be needed to turn BofA outright bullish on the yen: USD/JPY rising to 160, Japan’s 10-year JGB yield approaching 3%, or Brent…

British Pound declines as risk-off mood prevails on Middle East tensionsGBP/USD extends its losses for the second successive day, trading around 1.3390 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) receives support from increased risk aversion stemming from the Middle East conflict. Read More…Pound Sterling clings to long-term support as UK labour data muddies the BoE callTuesday handed the Pound a labour market reading that was mixed enough to satisfy nobody. UK payroll data showed Average Earnings excluding bonuses cooling to 3.4% on the three-month-on-year measure, in line with consensus, while the Including Bonus figure ran…

The FOMC meeting minutes is up today! Think you’ve got your U.S. dollar setups locked and loaded? Check out USD/CHF’s potential resistance! Source link

AUD/USD has been on a steady uptrend in the long-run but is pulling back sharply after touching multi-year highs.  Two central banks are both leaning hawkish, though one appears to be hitting the breaks on tightening while the other is in the middle of a leadership transition. This week’s Australian jobs report could either settle this story or add a new twist. Source link

The Aussie heads into Australia’s April jobs report with traders still watching whether sticky inflation keeps the RBA in hawkish mode. A softer hiring print could weigh on AUD, while a stronger report may revive rate hike expectations and keep Aussie bulls interested. Here’s how AUD might react to the release: Source link

Canada‘s April inflation report showed headline CPI accelerating to 2.8% (y/y) — its fastest pace since May 2024 — as the U.S.-Iran war continued to drive gasoline prices sharply higher and last year’s carbon levy removal dropped out of the annual comparison. Statistics Canada reported that the consumer price index rose 0.4% (m/m) in April, lifting the annual rate from 2.4% in March to 2.8%, with a 28.6% (y/y) surge in gasoline prices accounting for the bulk of the acceleration. The monthly print also missed the 0.7% forecast, and on a seasonally adjusted basis, the CPI gained a more modest…

The ZLSMA indicator for MT5 was built to fix exactly that. It combines zero-lag logic with smoothing to give traders faster, cleaner signals without the whipsaw that comes with raw price action. This article breaks down how the ZLSMA works, how to actually use it, and where it falls short. What the ZLSMA Indicator Actually Is ZLSMA stands for Zero Lag Smoothed Moving Average. It’s a hybrid indicator — part zero-lag EMA, part least squares moving average (LSMA). The zero-lag component removes the inherent delay built into standard exponential moving averages by applying an error-correction factor to the calculation. The…