Author: FX

As mentioned already in a previous post on UK long term yields here, the rise in long term rates is a global phenomenon. People are blaming government spending for this but central banks are also a big part of the problem.The dovish reaction function from central banks is causing market participants to shy away from long term bonds. The strongest examples are the UK and US yields. The BoE has been cutting interest rates in the face of the highest inflation among the G7 countries with a government that continues to run big deficits. The Fed continues to maintain a…

The Sliders MT4 Indicator is a custom tool that overlays price action with adjustable slider lines. These sliders act as dynamic guides that highlight possible support and resistance levels, trend directions, and breakout areas. Instead of relying only on traditional moving averages or candlestick patterns, the indicator offers a visual approach that is easy to read, even for beginners. It reduces market noise, helping traders focus on the bigger picture. Why Traders Use It One of the main reasons traders use the Sliders Indicator is its flexibility. It can be applied to different timeframes, from scalping setups on the 5-minute…

Will Australia’s Q2 2025 GDP report reinforce the RBA’s dovish biases? Or will the numbers temper traders’ easing expectations? Source link

Gold is up another 0.6% today as buyers continue to keep poised in chasing a major breakout move to start September trading. Things are continuing to fall into place for gold and after a period of consolidation since the end of May, is this where we see the technical side also play ball?Gold (XAU/USD) daily chartThe April high earlier this year stalled at the $3,500 mark and buyers have been biding their time ever since. After a couple of tests of the 100-day moving average (red line), we’re seeing buyers look to prove their mettle again this week. But again,…

The Land Down Under is about to print its GDP report soon, and another upbeat data point could further weigh on RBA easing hopes. Our Event Guide for Australia’s Q2 2025 GDP points out that trade activity and consumer spending likely contributed strongly to growth for the period, possibly setting up for an upside surprise. Here’s what I’m watching on AUD/USD and AUD/CAD in this case. 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…

With the Australian dollar banking on stronger fundamentals these days, can the upcoming GDP release reinforce less dovish expectations for the RBA? Expectations are for a faster pace of growth during the second quarter of the year, possibly dampening hopes of additional rate cuts in the next policy meetings. Here’s what to look out for in this top-tier report. 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

Australian Dollar declines as the US Dollar gains ground despite the rising likelihood of Fed rate cuts.Australia’s stronger July inflation reduced the chances of an imminent Reserve Bank of Australia rate cut.The CME FedWatch tool indicates that more than 89% of a 25-basis-point Fed rate cut is expected in September.The Australian Dollar (AUD) edges lower against the US Dollar (USD) following its five-day winning streak. Rising odds of a US Federal Reserve (Fed) rate cut in the September meeting weighed on the US Dollar (USD), which supported the AUD/USD pair. The United States (US) August ISM Manufacturing Purchasing Managers Index…

USD/CAD gains ground as the Greenback advances, driven by persistent inflationary pressures.The CME FedWatch tool indicates more than 89% of a 25-basis-point Fed rate cut in September.The Q2 GDP contraction has led markets to advance expectations for Bank of Canada policy easing.USD/CAD extends its gains for the second successive session, trading around 1.3750 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) is gaining ground as traders assess Friday’s United States (US) Personal Consumption Expenditures (PCE) Price Index, which signaled persistent inflationary pressures and heightened uncertainty over potential rate cuts. The August ISM Manufacturing Purchasing…

The Japanese Yen drifts lower for the third straight day amid the BoJ rate hike uncertainty.A modest USD rebound contributes to the USD/JPY pair’s positive move to a multi-day high.The divergent BoJ-Fed policy expectations might cap the pair ahead of key US macro data.The Japanese Yen (JPY) selling bias remains unabated through the early European session on Tuesday, which, along with a modest US Dollar (USD) rebound, lifts the USD/JPY pair to the 148.00 neighborhood in the last hour. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ), along with a…

With traders from the U.S. and Canada out enjoying the Labor Day holiday, how did financial markets fare during the first day of this brand new month? Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: U.S. Federal Appeals Court ruled that most of Trump’s tariffs are illegal, decision to be made by U.S. Supreme Court by October 14 China NBS Manufacturing PMI for August 2025: 49.4 (49.7 forecast; 49.3 previous) China NBS Non Manufacturing PMI for August 2025: 50.3 (50.4 forecast; 50.1 previous) New Zealand Building Permits for July 2025: 5.4% m/m…