Author: FX
Euro (EUR) is expected to trade with an upward bias; any advance is likely limited to a test of 1.1225. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. EUR is also expected to trade with an upward bias24-HOUR VIEW: “When EUR was at 1.1190 in the early Asian trade last Friday, we expected it to ‘continue to range trade, likely between 1.1145 and 1.1235.’ However, EUR traded in a lower range than expected, dropping from 1.1219 to 1.1129 and then…
CAD/CHF looks set to extend a months-long downtrend! With CHF scoring 6.8/10 versus CAD’s 6.5/10 in this week’s FX Fundies Cheat Sheet, and technical patterns showing a potential resistance rejection, CAD/CHF appears positioned for further downside as markets navigate the uncertain landscape of trade negotiations and shifting risk sentiment. Here’s what we’re seeing on the 4-hour time frame: CAD/CHF 4-hour Forex Chart by TradingView The Swiss franc remains firm as a go-to safe haven amid ongoing global trade and economic uncertainty. It also continues to attract investors looking for alternatives to the US dollar, especially as markets reassess US deficit…
What Price Will Bitcoin Hit in May? Polymarket Bets Provide InsightBitcoin Price Prediction for End of May 2025As investors and traders navigate the volatile crypto market, many ask, “What price will Bitcoin hit in May?” Prediction markets such as Polymarket have gained popularity by offering speculative insight through aggregated bets, potentially indicating the market’s collective sentiment.Currently, Polymarket’s betting data for Bitcoin’s price by the end of May shows significant predictions:Below $80k: 2% probability$85k: 5% probability$90k: 11% probability$110k: 38% probability (highest probability)$115k: 15% probability$125k: 2% probability$150k: 1% probability$200k: less than 1% probabilityInterestingly, the strongest sentiment among bettors anticipates Bitcoin will reach…
ASX: CAR Elliott Wave technical analysis Today’s Elliott Wave review covers CAR GROUP LIMITED (ASX:CAR), listed on the Australian Stock Exchange. Based on our current chart patterns, it appears that the stock has recently completed a corrective wave labeled (4) – orange, in the form of a Zigzag pattern. This may indicate an upward trend could follow, opening up potential for bullish movement. This brief technical outlook outlines the forecasted direction and the critical price points that support this wave structure. One-day chart (semilog scale) review Function: Intermediate trend (orange label). Mode: Motive. Structure: Impulse. Current wave position: Wave iii)) – navy, within Wave (5) –…
The RBA is widely expected to cut rates by 25bps this week but markets might be underestimating the possibility of a bullish move despite a rate cut. Our Event Guide for RBA’s May Policy Decision points out that April’s employment data showed an impressive 89K jobs created versus 20.9K forecast, while wage growth accelerated to 3.4% annually, potentially making policymakers cautious about easing too quickly. This week, we’re checking out AUD/CAD and AUD/CHF possibly extending their uptrends if RBA’s event turns out less dovish than market had expected: This Article Is For Premium Members Only Become a Premium member…
The RBA is widely expected to cut rates in this week’s decision, but what if they announce a larger than expected 0.50% reduction? Our Event Guide for the May RBA Statement also suggests that policymakers could hint at additional easing in their next meetings, possibly dragging AUD further south. Here’s what I’m watching on AUD/JPY and GBP/AUD if this happens. 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 Access access to MarketMilk™ Plus More! Source link
The Awesome OC MT4 Indicator is a standout tool in the world of forex trading. Traders often face the challenge of sifting through complex data and numerous indicators to make the right decisions. This process can be overwhelming, and without the right tools, traders risk missing critical market opportunities. The Awesome OC MT4 Indicator simplifies this process by offering clear and reliable signals that can enhance trading strategies. Whether you’re new to forex or a seasoned trader, this indicator can provide the edge you need to make more informed decisions in the fast-paced world of trading. Understanding the Awesome OC…
Trump tax bill passes in key US House committee vote Source link
This week our currency strategists focused on Australia’s Employment Report (April 2025) for potential high-quality setups. Out of the four scenario/price outlook discussions this week, the GBP/AUD discussion saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, you can subscribe…
Bank of Japan Deputy Governor Uchida:more to come will keep raising interestt rates if economy, prices improve in line with our forecast This article was written by Eamonn Sheridan at www.forexlive.com. Source link