Author: FX

The Australian Dollar remains under pressure despite a release of stronger economic data on Tuesday. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. The US Dollar struggles as concerns grow that tariff policy uncertainty could push the US economy into a recession. The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) for the fourth consecutive session on Tuesday. Despite a stronger Westpac Consumer Confidence reading—rising 4% to 95.9 in March from 92.2 in February, marking its highest level in three years—the AUD/USD pair continues…

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The Bank of Canada’s rate decision on Wednesday is shaping up to be a tight call, with RBC expecting policymakers to hold rates steady for the first time since April 2024. While the base case assumes a pause in the current easing cycle, the risk of U.S. trade disruptions could still push the central bank toward a seventh consecutive rate cut. With economic uncertainty lingering, markets will be watching for any signals on the future path of monetary policy. A decision to hold would mark a shift in strategy, suggesting policymakers see enough resilience in domestic conditions to pause further…

DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s latest remarks on Friday reassured markets that the central bank sees no urgent need to adjust policy at the moment, though economic uncertainties are growing. Meanwhile, the Nasdaq is facing heavy market losses, down 3.3%, as investors remain cautious ahead of key United States (US)…

VIX dailyThe VIX is up to 27 today but that might not be enough.Even a cursory look at the volatility index shows that it can rise much higher as it did several times in 2022. In August of last year it exploded on the yen carry trade unwind and that ultimately marked a very tradeable bottom. That bottom was reinforced by strong order numbers from Nvidia and the Fed shifting to a dovish stance.I think this time, we would need some sign of less-antagonistic policy from Washington. Source link

EUR/USD was seen trading near the 1.0830 area after the European session, posting mild gains on Monday. Following a strong rally of over 4% last week, the pair enters a consolidation phase, potentially stabilizing above the 200-day SMA near 1.0780. Technical indicators remain in positive territory, though the RSI is slightly declining from overbought conditions, signaling a possible slowdown in momentum. The EUR/USD pair extended its bullish momentum on Monday, trading near the 1.0830 zone after the European session. Despite the mild gains, the pair appears to be entering a consolidation phase after last week’s sharp surge, during which it…

Fundamental OverviewThe USD has come under strong pressure recently as the weaker US data finally triggered a deeper pullback in the greenback from the stretched long positions accumulated in the past two quarters. The market pricing switched pretty fast from expecting just one cut a couple of weeks ago to three now. The main event this week is the US CPI report. Higher than expected data will likely give the greenback a boost in the short term as markets pare back their rate cuts expectations. Conversely, a soft report could see more weakness for the US Dollar ahead of the…

FX markets are starting to settle down after a momentous week. While events in Europe were really the dominant factor, we would not have seen such big moves in EUR/USD were it not for US short-dated rates crumbling, ING’s FX analyst Chris Turner notes. DXY may return at 104.30/50 “Financial markets have priced the Fed terminal rate some 50bp lower in a little over a month. That may be enough for the time being barring some shock fall in US JOLTS job opening data (Tuesday) or big rise in the weekly initial jobless claims data (Thursday). Indeed, Federal Reserve Chair…

Ever wondered why forex trading seems so enticing? It’s the allure of leverage. Traders can control big positions with just a little capital. But here’s the catch: leverage is a double-edged sword. While it can make profits bigger, it also makes losses bigger. Many new traders jump in without knowing the risks. This guide will help you understand these risks and become a smart trader. Key Takeaways Leverage can amplify both profits and losses in forex trading. Understanding leverage mechanics is key to managing risks. Higher leverage ratios mean bigger risks for traders. Good risk management is vital when using…

In one disappointment to another, the White House crypto summit at the end of last week failed to impress. Everyone was highly anticipating details of the supposed “strategic reserve” that Trump touted. But it wasn’t all too convincing as it pertained more to regulatory framework. That said, Trump’s words were still something to take note of.”The federal government is already among the largest holders of Bitcoin, as you know, really one of the largest holders in the world, with as many as 200,000 Bitcoin obtained via civil law and various other forms of law, including enforcement actions. These existing holdings…