Author: FX
The USDJPY reacted to the 200-bar moving average on the 4-hour chart and the broken 38.2% retracement of the 2025 trading range following the U.S. PPI release. Momentum then carried the pair higher, testing the 100-bar moving average on the 4-hour chart at 147.813, where sellers leaned on the first attempt. Just above, at 147.887, sit last week’s swing highs.The bounce to the upside has now brought the pair back between the 100- and 200-bar moving averages—levels that defined last week’s entire trading range. Earlier this week, price briefly pushed above these averages toward targets at 148.58 and 148.779, but…
There is a chance for US Dollar (USD) to test 7.1700; a clear break below this level is unlikely. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Downward momentum is building24-HOUR VIEW: “In the early Asian session yesterday, we detected ‘a slight increase in downward momentum.’ We expected USD to ‘edge lower to 7.1780,’ but we pointed out that ‘given the mild downward pressure, any further decline is unlikely to threaten the support at 7.1700.’ We were not wrong,…
Before the hype surrounding meme stocks and AI, cannabis producers were one of the hottest topics among investors hoping to multiply their money quickly. The big bet was on the legalization of cannabis for non-medical use, its production, and sale in Canada, a change that effectively came into effect in October 2018.However, once the event took place, the classic “buy the rumor, sell the news” pattern played out in stocks like Aurora Cannabis and Canopy Growth Corporation. Since then, their share prices haven’t just failed to recover — they’ve collapsed by more than 95%. Not even BTCUSD has seen a…
The Trend Testing MT4 Indicator is designed to measure and display the current trend’s strength using visual cues directly on the chart. It helps traders filter out false signals and avoid trading during uncertain market conditions. By analyzing price movements and volatility patterns, the indicator presents a clear visual confirmation of whether the market is trending or ranging. This feature is especially useful for traders who rely on momentum-based strategies. Benefits for Everyday Traders One of the main benefits of the Trend Testing MT4 Indicator is its simplicity. Traders don’t need advanced technical knowledge to interpret the signals; it’s designed…
AUD/JPY is falling sharply after hitting resistance at the 96.50 area! How low can AUD/JPY go before the buyers step in again? Here’s what we’re seeing on the 4-hour time frame: AUD/JPY 4-hour Forex Chart by TradingView The Aussie is finding steady(ish) demand after a not-so-dovish RBA rate cut earlier this week, a little thaw in U.S.-China trade tensions, and a surprisingly solid July jobs report a few hours ago. But the Japanese yen’s got the upper hand right now, riding a wave of dollar weakness, safe haven flows, and a boost from U.S. Treasury Secretary Bessent urging the BOJ…
There are a couple to take note of on the day, as highlighted in bold below.The standout are the ones for EUR/USD with extremely large expiries layered especially near and at the 1.1700 level. That is likely to act as a magnet once again, in keeping price action in a stickier spot before we get to the US PPI and weekly initial jobless claims later today. There are also some notable ones at 1.1715 and 1.1750 to keep price action in check and more rangebound as well for the session ahead.Then, there is one for GBP/USD at the 1.3600 level.…
After a solid run, GBP/NZD is now bumping into a key resistance zone that could give the bulls second thoughts. Will we see a bearish reversal in the next few days? We’re taking a closer look at the pair’s 4-hour time frame: GBP/NZD 4-hour Forex Chart by TradingView The British pound got a lift last week from the Bank of England’s “hawkish cut” event and its relative immunity to U.S. tariff drama, especially against risk currencies like the New Zealand dollar. But with a wave of top and mid-tier U.K. data coming up, Sterling’s hot streak could hit a bump.…
Australia’s labor market showed steady strength in July, with the unemployment rate edging down to 4.2% from 4.3% in June, according to Thursday’s data from the Australian Bureau of Statistics. The employment data comes just two days after the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 3.6%. RBA Governor Michele Bullock had indicated that while the labor market has eased in recent months, some indicators suggest conditions remain “a little bit on the tight side.” Key Points from the July Employment Report Unemployment rate: Fell to 4.2% (seasonally adjusted) from 4.3% in June Employment…
Markets rode a wave of risk-on sentiment on Wednesday as Fed rate cut expectations strengthened after Bessent floated a potential 50 bps cut in September. Stocks hit fresh records, the dollar weakened, oil slid on IEA oversupply warnings, and bitcoin blasted to new highs. Here are headlines you may have missed in the last trading sessions! Headlines: Japan Reuters Tankan index for August: 9.0 (7.0 forecast; 7.0 previous) Japan PPI for July: 2.6% y/y (2.6% y/y forecast; 2.9% y/y previous) Australia wage price index for Q2 2025: 3.4% y/y (3.3% y/y forecast; 3.4% y/y previous); 0.8% q/q (0.8% q/q forecast;…
AUD/JPY depreciates as the Japanese Yen strengthens, with Fed rate cut expectations narrowing yield spreads.US Treasury Secretary Scott Bessent believes that the Fed could implement a 50-basis-point rate cut in September.Australia’s Employment Change climbed to 24.5K, while Unemployment Rate fell to 4.2% in July.AUD/JPY halts its winning streak that began on August 5, trading around 96.20 during the Asian hours on Thursday. The currency cross weakens as the Japanese Yen (JPY) strengthens, driven by external factors, particularly the softening of Fed rate expectations, which is narrowing yield spreads.US Treasury Secretary Scott Bessent said on Wednesday that short-term Fed interest rates…