Author: FX
The Japanese Yen meets with a fresh supply during the Asian session amid mixed BoJ rate hike cues.A positive risk tone further undermines the safe-haven JPY, though the downside seems cushioned.Rising Fed rate cut bets should cap any USD recovery and contribute to capping the USD/JPY pair.The Japanese Yen (JPY) drifts lower during the Asian session on Friday after the Summary of Opinions from the Bank of Japan’s (BoJ) July meeting showed that policymakers remain worried about the US tariffs uncertainty. Adding to this, receding safe-haven demand turns out to be another factor undermining the JPY. This, along with the…
The Australian Dollar declines as RBA is widely expected to deliver a 25 basis point rate cut next week.The prospects for an RBA rate cut have strengthened as core inflation eased, with continued economic momentum in June.Trump has nominated Stephen Miran to replace Adriana Kugler on the Federal Reserve Board of Governors.The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Friday, after three days of gains. The AUD/USD pair loses ground as traders are pricing in over 92% odds of a 25 basis point rate cut by the Reserve Bank of Australia (RBA) next week, which would bring…
The Bank of England delivered its fifth consecutive rate cut since last summer, reducing Bank Rate by 0.25 percentage points to 4% following its August meeting. However, the decision revealed a deeply divided Monetary Policy Committee, with the vote split 5-4 – marking one of the closest decisions in recent memory as policymakers wrestle with competing inflation and growth pressures. Key Takeaways from the BOE Decision Narrow victory for doves: Five members voted to cut rates by 25bp, while four preferred to hold at 4.25%. One member (Alan Taylor) initially wanted a more aggressive 50bp cut but voted for 25bp…
Tariffs were once again front and center early in the day, with Trump putting the spotlight back on higher trade levies for chips and semiconductors, as well as possible oil-related sanctions. The BOE decision also stole the show with a “hawkish cut” as fewer than expected MPC members voted to ease. Here are headlines you may have missed in the last trading sessions! Headlines: Trump reportedly gearing up to slap additional 15% tariffs on Japan, reiterated threat of large tariffs on chips and semiconductors U.S. Secretary of State Rubio dismissed rumors of a Trump-Putin call Australia Building Permits MoM Final…
The Harmonik Manual MT4 Indicator is a charting tool designed for traders who prefer using harmonic trading patterns to predict price movements. It doesn’t draw patterns automatically instead, it gives traders full control to plot potential harmonic setups by connecting swing points manually. This approach lets traders use their judgment and combine it with pattern rules, creating a balance between flexibility and structure. Why Manual Drawing Matters Automated harmonic indicators often miss context. They may spot a pattern where there’s too much noise or draw false setups in choppy markets. With the Harmonik Manual Indicator, the trader becomes the decision-maker.…
Tesla shuts down Dojo supercomputer team, reassigns workers amid strategic AI shift, Bloomberg News reports Source link
Rabobank sees limited BoC easing ahead, narrowing US-Canada rate gap to weigh on USD/CADRabobank expects the Bank of Canada (BoC) to deliver one final 25 basis point rate cut, likely at the October meeting. However, Rabo sees the risk tilted toward no further easing. The Bank of Canada held its policy rate at 2.75% in July. Looking further ahead, Rabobank anticipates the US-Canada interest rate differential — currently at 175 basis points — will narrow to around 75 basis points by the end of 2026, as the Federal Reserve accelerates its own rate-cutting cycle. The BoC is expected to have…
Move over, Jay Powell—there’s a new sheriff in town (well, possibly). Financial prediction markets are suddenly abuzz, placing Federal Reserve Governor Christopher Waller as the front-runner to become the next Fed Chair, finally giving his mom something interesting to brag about at book club. His odds recently leaped above the 50% mark for the first time, leaving former hotshots like Kevin Warsh and Kevin Hassett in the monetary policy dust. Why is Waller getting all this attention? Well, rumor has it that Trump’s advisors are charmed by his willingness to predict the economic weather, not just comment on yesterday’s rainstorm.…
The White House is denying the Kremlin claim that a Trump-Putin meeting has been finalized or a location secured.The White House has made clear that any potential summit involving President Trump, Russian President Putin, and Ukrainian President Zelenskiy is conditional on Putin first meeting with Zelenskiy. This comes after Kremlin adviser Yuri Ushakov stated that a Trump-Putin bilateral meeting is in the works and could take place within days, explicitly excluding Zelenskiy from the talks. Earlier this week, U.S. envoy Steve Witkoff met with Putin in Moscow and proposed a three-way summit including Zelenskiy.For his part, Zelenskiy has insisted that…
SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF) said it is taking longer than expected to get the Stargate project off the ground, acknowledging for the first time that the $500B AI collaboration in the U.S. with OpenAI is slowing down, SoftBank’s CFO Yoshimitsu Source link