Author: FX

The market spotlight was mainly on the U.S. CPI report for today, although tariffs-related updates still rocked some risk flows. The Bank of Canada (BOC) also took center stage with its decision to cut interest rates as expected and highlighted trade-related uncertainty. Here are the latest headlines and economic reports you need to take note of. Headlines: Trump’s 25% tariffs on steel and aluminum imports already in effect EU issued a statement detailing further trade countermeasures targeting 18 billion EUR worth of goods, including potential reimposition of previously suspended tariffs, to take effect April 1 OPEC+ crude output rose 363K…

The Consumer Price Index (CPI) increased by 0.2% in February month-on-month, below economists’ expectations of 0.3% uptick and slower than January’s 0.5% rise, according to data released by the U.S. Bureau of Labor Statistics. Headline annual inflation eased to 2.8% from 3.0% in the prior month. Key Points: Headline CPI fell from 2.8% to 3.8% year-on-year, as the monthly print showed a 0.2% uptick versus the projected 0.3% gain Core inflation (excluding food and energy) rose 0.2% month-over-month, below the 0.3% consensus forecast, bringing annual rate down from 3.3% to 3.1% Shelter costs increased 0.3%, accounting for nearly half of…

USD/JPY looks ready to extend a longer-term downtrend after days of strength! Think USD/JPY could turn lower in the next trading sessions? Here’s the resistance area we’re watching on USD/JPY’s 4-hour chart! USD/JPY 4-hour Forex Chart by TradingView The U.S. dollar has been sliding against the Japanese yen all year, weighed down by shaky U.S. economic data, trade war risks, rising Fed rate cut expectations. The yen, on the other hand, has been getting attention amidst increasing geopolitical and trade tensions, hawkish BOJ expectations, and rising Japanese government bond yields. Remember that directional biases and volatility conditions in market price…

Some of the most-concrete signs yet that Japan is emerging from decades of near-zero inflation are emerging. Shunto wage negotiations show most organizations asking wage hikes nearly twice as large as last year. Nikkei yesterday reported on the wage negotiations and offered this table to highlight some of the gains that were achieved.”Demands submitted by around 3,000 labor unions under the Japanese Trade Union Confederation, or Rengo, averaged 6.09%, an increase of 0.24 percentage points from the previous year, and surpassing the 6% mark for the first time since 1993, it said last week.”The Bank of Japan next decides on…

Are you tired of missing out on trades? The forex market can be very unpredictable. It’s easy to feel lost and frustrated. Imagine if you could find clear signals for profitable trades. The ADX Crossing and MTF RSI Forex Trading Strategy is here to help. It uses the Average Directional Index (ADX) and Relative Strength Index (RSI) across different time frames. This strategy helps traders find the best trading opportunities. By using these technical indicators, you can follow market trends more confidently. Key Takeaways ADX and RSI indicators form the core of this forex trading strategy. Multiple time frame analysis…

EUR/USD eased slightly on Wednesday, slipping back below 1.0900. EU data remains functionally non-impactful as US data weighs. US CPI inflation eased more than expected in February, building hopes for PPI figures. EUR/USD bidders eased off the gas pedal on Wednesday, allowing Fiber to retreat around one-third of one percent and pushed bids back below the 1.0900 major price handle. Despite a significant recovery in EUR/USD over the last couple of weeks, buyers are settling back down after readjusting Fiber by over 5% in less than two weeks. European economic data is barely registering on the needle this week as…

Today’s Bank of Canada rate decision reveals a potentially shifting monetary policy landscape, potentially setting up AUD/CAD for a top of range reversal in the short-term. With the BOC delivering a “hawkish cut” that acknowledged persistent inflation concerns while still lowering rates by 25bps to 2.75%, the Canadian dollar is showing resilience despite broader market uncertainty. Let’s examine how we may theoretically structure a trade plan around these developments. 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…

As expected in our BOC Event Guide, the Bank of Canada cut its policy rate by 25 basis points to 2.75% on Wednesday, marking its seventh consecutive rate reduction since June 2024. This decision came amid escalating U.S.-Canada trade tensions, with the U.S. implementing 25% tariffs on Canadian steel and aluminum products the same day. Key Points from BOC’s Event BOC cut the overnight rate by 25bps to 2.75% Some officials had discussed leaving rates unchanged at 3% Economy entered 2025 in “solid position” with robust Q4 growth of 2.6% Inflation remains close to the 2% target U.S. tariffs expected…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

GBP/USD slips slightly despite cooling US inflation, eyes on US PPI The Pound Sterling (GBP) slightly depreciates against the US Dollar (USD) on Wednesday as United States (US) inflation data revealed the disinflation process continued. At the time of writing, the GBP/USD trades at 1.2925, down 0.13%. Read More… Pound Sterling refreshes four-month high against US Dollar on soft US Inflation report The Pound Sterling (GBP) posts a fresh four-month high at 1.2980 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair strengthens after the release of the United States (US) Consumer Price Index (CPI) report for February, which showed that inflationary pressures grew at a moderate pace. Read More… GBP/USD…