Author: FX
GBPUSD technicalsThe GBPUSD has reestablished a short-term bullish bias after a failed downside break last week. During that break, sellers had their shot as price moved below both the consolidation red box floor (see chart above), and then the 38.2% Fibonacci retracement (at 1.31603), but that break quickly reversed. The inability to sustain the move lower – and the base at the 38.2% after the failed break – gave buyers the green light to step back in—and they did. The price moved back above the 100-hour MA (see blue line on the chart above) on Tuesday of last week, and…
EUR/USD turns upside down as the US Dollar bounces back near the weekly low.Washington highlights Huawei-made AI chips as a threat to US export controls.The EU’s executive arm sees inflation averaging 1.7% in 2026.EUR/USD surrenders intraday gains and turns down to near 1.1230 during Tuesday’s North American session. The major currency pair faces selling pressure as the US Dollar (USD) recoups initial losses, driven by Moody’s downgrade to the United States (US) Sovereign Credit. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, claws back early losses after attracting bids near the weekly low of…
Fed: 54 bps (91% probability of no change at the upcoming meeting) ECB: 52 bps (93% probability of rate cut at the upcoming meeting) BoE: 45 bps (84% probability of no change at the upcoming meeting) BoC: 47 bps (64% probability of rate cut at the upcoming meeting) RBA: 73 bps (56% probability of rate cut at the upcoming meeting)RBNZ: 58 bps (82% probability of rate cut at the upcoming meeting) SNB: 47 bps (81% probability of rate cut at the upcoming meeting) *for the SNB, the rest of the probability is for a 50 bps cutRate hikes by year-endBoJ:…
Readily available Aluminium inventories in London Metal Exchange (LME) warehouses jumped by 92,950 tonnes to 343,025 tonnes yesterday. It’s the biggest tonnage increase since May 2024. It comes after Aluminium ordered for withdrawal from warehouses in Malaysia was placed back on warrant, ING’s commodity experts Ewa Manthey and Warren Patterson note.Chinese Aluminium output reaches a record high in April”Aluminium prices on the LME fell more than 1% in yesterday’s trading, leading most metals lower. Surging inventories added to the downbeat mood along with Moody’s downgrade of US debt and mixed economic data releases from China.””Meanwhile, in Aluminium supply developments, Chinese output…
With the BOE having a less dovish MPC vote in their latest meeting, an upside CPI surprise could tilt the odds further away from further easing. Our Event Guide for the U.K. CPI Report notes that the central bank projects that headline inflation could shoot up to 3.7% in April, which is way higher than market expectations. Here’s what I’m watching on EUR/GBP and GBP/NZD in this case. 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…
China's youth jobless rate drops in April to 15.8% Source link
The DWM Channels MT4 Indicator is a technical tool designed for use within MetaTrader 4. It helps traders visualize market trends by drawing price channels based on a specific formula. This formula is rooted in the concept of support and resistance, providing a clear framework for price movement. The indicator can help traders identify potential breakout points, which is particularly useful when the market is either trending or consolidating. For traders looking to get a better sense of where price might head, the DWM Channels MT4 Indicator serves as a helpful guide. How Does It Work? The DWM Channels MT4…
Markets expect U.K. consumer prices to have accelerated from March to April. But much of this expectation may already be priced in, suggesting minimal downside risk from the actual release. In this scenario, our Event Guide for the U.K. April CPI Report suggests that the British pound could see minimal downside movement in a potential buy-the-rumor, sell-the-news situation. Here’s why GBP/JPY and GBP/CAD may present good trading opportunities if the U.K. CPI report prints in within market estimates. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
Data on inflation for the March quarter provided further evidence that inflation continues to ease.Staff forecasts released today project that while headline inflation is likely to rise over the coming year to around the top of the band as temporary factors unwind, underlying inflation is now expected to be around the midpoint of the 2–3 per cent range throughout much of the forecast period.While recent announcements on tariffs have resulted in a rebound in financial market prices, there is still considerable uncertainty about the final scope of the tariffs and policy responses in other countries This article was written by…
The IFractals 4All TF MT4 Indicator is a tool used in MetaTrader 4 (MT4) that highlights fractal points, which are key price patterns that signify possible reversal points in the market. Fractals are formed when the market price shows a particular pattern that suggests a potential turning point. These points are critical for traders because they help in determining the direction of the market and understanding its structure. The IFractals 4All TF MT4 Indicator makes it easier to detect these fractals on your chart, offering an edge in decision-making. It works across multiple timeframes, which is especially beneficial for traders…