Author: FX

Markets showed signs of caution while awaiting updates from US-China trade talks, before the World Bank’s updated global growth forecasts shook things up. WTI crude oil wound up erasing its intraday gains on downgraded 2025 growth estimates while Treasury yields and the dollar took advantage of safe-haven gains. Here are headlines you may have missed in the last trading sessions! Headlines: BOJ Gov. Ueda noted that they have limited room to support growth with interest rate cuts Japanese Finance Minister Kato encouraged investors to buy JGBs and added they will conduct fiscal policy appropriately Australia Westpac Consumer Confidence Index for…

A Bloomberg survey shows most economists expect the Bank of Japan to keep its benchmark interest rate at 0.5% during its June 17 meeting and begin slowing the pace of government bond purchase reductions. While no rate move is anticipated, the main focus will be the BOJ’s plan for quantitative tightening, as bond market volatility and global economic uncertainty raise concerns.The BOJ has been cutting bond purchases by ¥400 billion per quarter since last August, but many analysts now expect the pace to slow starting next April—potentially to ¥200–¥300 billion reductions per quarter. Economists warn that too cautious a move…

The UK jobs market showed clear signs of weakening in May, with unemployment hitting 4.6% – its highest level in nearly four years – while job vacancies fell sharply and wage growth decelerated, according to the latest Office for National Statistics data. Key Takeaways: Unemployment rate increased to 4.6% in February-April 2025, up from 4.5% in the previous quarter Annual growth in regular earnings (excluding bonuses) slowed to 5.2% in February-April 2025, down from 5.6% in the previous period Job vacancies fell dramatically to 736,000 in March-May 2025, down 63,000 from the previous quarter Underlying metrics also revealed that payroll…

The Japanese Yen struggles to lure buyers as trade optimism undermines safe-haven assets. A modest USD uptick lends additional support to USD/JPY, though the upside seems capped. The divergent BoJ-Fed policy expectations might continue to act as a headwind for the pair. The Japanese Yen (JPY) remains close to a nearly two-week low touched against its American counterpart the previous day, though any further decline seems elusive. The latest optimism over a positive outcome from US-China trade talks is seen as a key factor undermining the traditional safe-haven status of the JPY. Adding to this, a modest US Dollar (USD)…

The SHI_SilverTrendSig MT4 Indicator is a powerful tool for forex traders, providing clear trend signals. It’s built on the SHI (Smoothed Heiken Ashi) method, a well-known technique that smooths out price data, making trends more visible. This indicator generates buy or sell signals directly on the MetaTrader 4 platform, which is popular for its flexibility and ease of use. Traders can rely on these signals to spot opportunities without being overwhelmed by complex data or charts. How Does the SHI_SilverTrendSig MT4 Indicator Work? The indicator works by analyzing price movements and using algorithms to determine the direction of the market.…

This idea has been floated multiple times over past years. Its getting a redo in the headlines again today. Sichuan province city Mianyang is considering a 2.5-day weekendbusinesses to close on Friday afternoons, along with Saturdays and SundaysMianyang is the second-largest city in Sichuan province in terms of gross domestic product, it has a population just under 5 mn. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

AUD/USD trades near 0.6520 at the time of writing, with US-China relations increasing demand for commodity-linked currencies.Australia’s Westpac Consumer Confidence disappoints, but improving sentiment limits AUD losses.The US Consumer Price Index (CPI) on Wednesday is expected to drive the Fed narrative and US Dollar demand.The Australian Dollar (AUD) is consolidating against the US Dollar on Tuesday, as AUD/USD trades above 0.6500 at the time of writing.Developments in US-China trade talks in London continued to support risk sentiment, boosting demand. Although the improved relations provided some support for the US Dollar, AUD/USD benefited from Australia’s close ties with China.With senior officials…

US-China trade, export control talks push through second full day in London Source link

Ever stared at a clean double-bottom on EUR/USD, hit “buy,” and watched price sink anyway? Welcome to the club, rookie! Charts tell you where prices have been and tease you about possible turning points, but they rarely explain the why behind a sudden surge or nosedive. That’s where fundamental analysis (FA) swoops in like a plot twist—revealing surprise inflation numbers, central-bank gossip, or geopolitical curveballs that yank currencies around while technicians scratch their heads. This raises an age-old question: how can hunters hunt without knowing the nature of the beast? You wouldn’t stalk a lion the same way you’d track…

After a failed breakdown below the 200-hour MA earlier today that led to a snapback rallly, the EURUSD buyers have reclaimed short-term control on a break of the 100 hour MA. The question now is “Can the 100-hour MA now hold support and keep the buyers in control? See what targets are in play next – and why – in the above video. This article was written by Greg Michalowski at www.forexlive.com. Source link