Author: FX

United States (US) Federal Reserve (Fed) Governor Christopher Waller said on Friday that he preferred to continue the current pace of balance sheet decline at this week’s meeting, per Reuters. Key takeaways “Slowing or stopping runoff will be appropriate as we get closer to an ample level of reserves.” “In my view, we are not there yet because reserve balances stand at over $3 trillion and this level is abundant.” “No evidence from money market indicators or my conversations that banking system is getting close to an ample level of reserves.” “I believe the slowed runoff pace beginning in June 2024 continues…

EUR/USD falls to near 1.0815 as the Fed is in no rush to cut interest rates soon. US President Trump’s tariff agenda could lead to cost-push inflation globally. ECB Lagarde expects potential Trump-led inflation in the Eurozone won’t be persistent. EUR/USD trades lower to near the 10-day low of 1.0815 in Friday’s North American session. The major currency pair faces selling pressure as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed in the policy meeting on Wednesday that interest rate cuts are not on the table in the current scenario. The US Dollar Index (DXY), which tracks the Greenback’s…

Prior -28UK factories continue to report a downturn in the order book balance for March, with the outlook for the coming months also softening. The monthly balance for output expectations over the next three months fell back to -2 after touching a three-month high of +8 in February. CBI notes that “conditions in the UK’s manufacturing sector remain subdued”. This article was written by Justin Low at www.forexlive.com. Source link

USD/CAD oscillates inside Thursday’s trading range around 1.4330. The Fed is in no hurry to move to interest rate cuts amid elevated consumer inflation expectations. Market experts see the BoC reducing interest rates again in April. The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday’s trading range. The Loonie pair is marginally higher even though the US Dollar (USD) trades strongly, suggesting the Canadian Dollar (CAD) also trades firmly. Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar…

Greenland sees tourism boost following Trump's attention and new airport Source link

Are you lost in the world of forex trading? The TMA and Pivot Points MTF strategy could be your guide. It uses Technical Moving Average (TMA) bands, pivot points, and multi-timeframe analysis to clear the market noise. But, learning these tools can feel like a big task. Don’t worry! We’ll make this complex strategy simple. You’ll learn how to use it to make better trading choices. Get ready to improve your forex trading skills with this powerful strategy. Key Takeaways TMA bands offer a smoothed view of price trends Pivot points provide key support and resistance levels Multi-timeframe analysis boosts…

The lead up to US trading yesterday was rather poor, as US futures slumped hard before the opening bell. But dip buyers quickly stepped in to pare losses right off the bat, only to fall short of the same key near-term level on Wednesday.S&P 500 index hourly chartThat continues to be where sellers are drawing the line in keeping any optimism at bay on the week. The S&P 500 closed down by 0.2% but it felt like it should have been much worse before Wall Street entered the fray.The chart above will again be a key one to watch before…

The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20.  The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US Dollar (USD) during the Asian trading hours on Friday, with USD/INR holding near a seven-week low of 86.20, recorded on Thursday. However, further downside of the pair may be limited as the Greenback gains strength amid rising risk aversion driven by concerns over US tariff…

Are you having trouble finding key market turning points in Forex trading? The MTF Support and Resistance and Zigzag Fractals strategy might be what you need. It uses multiple time frames and fractal patterns to find where prices might change direction. By understanding the market’s structure and how prices move, traders can make better choices. This strategy could help you do better in the fast-changing Forex market. It might even help you make more money. Key Takeaways MTF analysis improves market perspective Zigzag fractals help identify trend reversals Support and resistance levels guide entry and exit points Combining strategies enhances…

It was another messy day in the financial markets, as asset classes took cues from their own individual catalysts. Gold struck a fresh record high while global uncertainties lingered while crude oil rebounded thanks to new U.S. sanctions on Iran and China. Major currencies also had plenty to work with, including a couple of top-tier jobs releases and major central bank announcements. Here are the latest headlines and economic reports you need to know. Headlines: China held its benchmark rate steady for the fifth straight month, with the one-year loan prime rate at 3.1% and five-year LPR at 3.6% Australia…