Author: FX
The US Dollar made a U-turn and left behind three days of gains in quite a negative kick-off of the new trading week, all amid a generalised sharp recovery in the risk-associated universe. Here is what you need to know on Tuesday, March 4: The US Dollar Index (DXY) came under renewed selling pressure, setting aside three daily advances in a row and returning to the 106.50 region amid a mixed tone in US yields. The RCM/TIPP Economic Optimism Index is due, seconded by the API’s weekly report on US crude oil inventories. In addition, the Fed’s Williams is due…
Zelenskiy says Ukraine needs substantive diplomacy to end war, hopes to rely on US Source link
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Atlanta Fed GDP Now forecast weakens, fueling recession concerns. ISM Manufacturing PMI drops to 50.3 as Trump tariffs dent outlook. UK 10-year GILTS yield rises, while US 10-year T-note yield declines. The Pound Sterling snaps two days of losses and rises over 0.89% amid a weaker US Dollar (DXY) which appreciated on Friday following a weaker than expected Atlanta GDP Now forecast for Q1 2025. At the time of writing, the GBP/USD traded at 1.2694 after hitting a daily low of 1.2577. Pound rebounds toward 1.2700 as US slowdown fears weigh on USD Last week’s data suggested the US economy…
EUR/USD rebounds from the two-week low as European leaders, including Zelenskyy, show readiness to end the war in Ukraine. US President Trump’s tariffs on Canada and Mexico could be lower than 25%. Investors await the US Manufacturing PMI data for February, releasing on Monday. EUR/USD recovers above 1.0400 at the start of the week. The major currency pair rises as the Euro (EUR) outperforms across the board after European leaders, including Ukrainian President Volodymyr Zelenskyy, agreed to prepare a Ukraine peace plan at a high-stakes summit in London over the weekend, along with United Kingdom (UK) Prime Minister Keir Starmer.…
The suggestion over the weekend from US commerce secretary Lutnick was that tariffs against Canada and Mexico will go ahead as planned. However, it might not be the 25% tariffs touted initially with perhaps some wiggle room to be watered down. That saw the dollar open lower today and we’re seeing that hold since Asia trading.The euro is the main beneficiary, getting a slight nudge higher as well after the latest Eurozone inflation numbers. EUR/USD is now up 0.6% to 1.0535 though sellers are still keeping in near-term control as seen from the chart:EUR/USD hourly chartThat indicates while the dollar…
The 3rd Generation Moving Average MT4 Indicator is an advanced technical tool designed to improve trend-following accuracy and reduce lag in trading. Many traders find traditional moving averages ineffective due to their delayed signals, which can result in missed opportunities or poor trade execution. This upgraded moving average adapts more efficiently to price fluctuations, providing clearer signals and reducing market noise. With its enhanced responsiveness, traders can make more precise entries and exits, improving their overall strategy. In this article, we’ll explore how this indicator works, its key advantages, and how traders can integrate it into their forex trading approach.…
Struggling to predict forex market movements? You’re not alone. Many traders find themselves caught off guard by sudden shifts in currency trends. This unpredictability can lead to significant losses and frustration. But what if there was a way to anticipate these changes? Enter forex market cycles and currency trends analysis. By understanding these patterns, traders can gain a big edge. They can spot reversals and set realistic profit targets. Let’s dive into the world of market cycles and explore how they can change your trading strategy. Key Takeaways Forex market cycles help predict currency movements. Understanding trends aid in setting…
In this data-driven world, it is now harder than ever to find out the truly useful market information among all the noise. That’s the reason why having access to the right Technical Analysis tools and data is crucial to you, not just surviving but thriving among the institutional and retail investors. With today’s markets having an abundance of information and indicators, it’s easy to get lost while having the right strategy but at the wrong time and price. This article delves into the heart of technical analysis and data, which is about making educated predictions about trends, price movements, and…
It will be a busy week ahead with numerous economic events. Monday kicks off with manufacturing PMI releases for the eurozone, Switzerland, the U.K., and Canada. However, special attention will be on the U.S. ISM manufacturing PMI and ISM manufacturing prices. On Tuesday, Australia’s monetary policy meeting minutes will be released alongside retail sales data for the month. Wednesday’s focus will be on Australia’s quarterly GDP data, while Switzerland will release its latest inflation figures. Additionally, final services PMI data will be published for the eurozone, the U.K., and the U.S. The U.S. will also see the release of the…