Author: FX
EU strikes provisional agreement to finalize US trade deal Source link
NZD/USD trades near key support as Williams %R signals oversold conditions, raising the question of whether a rebound or further downside comes next. Source link
ECB Governing Council member Kocher says a June rate hike is unavoidable if the Hormuz Strait remains closed, warning prolonged conflict will push eurozone inflation materially higher.Summary:Kocher said if the Hormuz Strait remains closed and the Middle East conflict continues, “there is no way around a rate hike” at the June 11 ECB meeting, according to Austrian state broadcaster ZiB2, , according to finanzen.atThe Austrian National Bank governor said the ECB’s task is clear: if policymakers conclude that 2% inflation is no longer achievable, a rate rise must follow, per the ZiB2 interviewKocher said predicting full-year inflation is impossible for…
USD/CHF forms a bullish engulfing chart pattern and rises by over 0.58% on Tuesday, clearing key resistance levels, including the 50-day Simple Moving Average (SMA) at 0.7868. At the time of writing, the pair trades at 0.7890, shy of 0.7900.USD/CHF Price Forecast: Technical outlookThe USD/CHF pair recovered after reaching a nearly two-month low of 0.7761 on May 8. Since then, the pair edged higher as the Greenback—underpinned by high US Treasury yields—soars to five-week highs, according to the US Dollar Index (DXY).Momentum is bullish as shown by the Relative Strength Index (RSI). Therefore, further upside is seen in the USD/CHF…
Pres. Trump is speaking on many topics: We may have to give Iran another hit, not sureWas hours from attacking IranIran is begging to make a deal.Don’t know about changing the regime in Cuba. Cuba really needs helpEveryone tells me that the Iran war is unpopular, but I think it’s very popularGulf states and Isreal are negotiatingMust ensure Iran does not have nuclear weaponsXi promised he is not sending weapons to IranThere may be other initiatives to keep gas prices in checkIran does not have capacity to retaliateThe President and war staff were presumably a day away from bombing Iran…
Philip Wee of DBS Group Research explains how Oil prices shape the Bank of England’s (BoE) policy outlook. The baseline assumes Oil around USD108 supports manageable second-round inflation effects and may require one or two rate hikes. An optimistic scenario sees a pause if prices fall on a diplomatic resolution to the Iran conflict, while a prolonged conflict and higher Oil would force a more hawkish response.Energy path drives BoE policy choices”Meanwhile, the OIS market has priced in a 58% chance of a Bank of England hike before the Fed at the July 30 meeting. BoE Chief Economist Huw Pill…
OCBC’s FX Strategist Christopher Wong notes that the Dollar Index (DXY) has eased alongside lower US Treasury yields, with no tier-1 US data due today. Focus turns to upcoming FOMC minutes and US flash PMIs to gauge inflation persistence and activity momentum. Wong highlights key DXY support around 98.30–98.50 and resistance near 99.40 and 100.50–100.60.Dollar pauses after recent run-up”USD eased overnight, alongside the pullback in UST yields. There is no tier-1 data today, focus this week on FOMC minutes and US flash PMIs.””The minutes may provide some color on officials’ concern over inflation persistence while the PMIs will test whether…
The good news at least is that the overall trade balance is still running a surplus but that room is narrowing, with it being lesser than the €11.1 billion (revised) surplus in February. In March, the trade balance for energy recorded a deficit of €25.3 billion and that is a marked increase from the €19.7 billion deficit recorded in February.So in terms of monthly change, that is the biggest net contributor to the narrowing trade surplus. At the same time, there is also a smaller surplus recorded for chemicals and related products on the month.But in terms of annual change,…
Taiwan ’cautiously optimistic’ about US arms sales, defence minister says Source link
The Breakout Probability Indicator MT5 was built around that exact frustration, giving traders a way to filter out the noise before committing to a trade. This article covers how the indicator works, how to configure it properly, and — just as important — where it falls short. What the Breakout Probability Indicator Actually Measures At its core, this MT5 tool analyzes historical price behavior around defined support and resistance zones to generate a probability score for a legitimate breakout. It doesn’t predict direction based on gut feel. Instead, it looks at factors like volume surges relative to the 20-period average,…