Author: FX

Lebanon seizes $2.5 million bound for Hezbollah, sources say Source link

EUR/USD posts mild movements after a volatile week, bouncing slightly after recent sharp losses. After facing a third rejection at the 100-day SMA, the pair plummeted to a two-week low, shedding over 0.70% before stabilizing. Key resistance stands at the 20-day SMA near 1.0420. EUR/USD closed the week with a slight recovery but remains in a vulnerable position after failing to sustain gains above the 100-day Simple Moving Average (SMA). The pair faced a decisive rejection at this level, which now appears to be converging with the 20-day SMA, increasing the likelihood of a bearish crossover.  Despite this downside pressure,…

USDCAD technicalsThe USD/CAD continued its upward momentum yesterday, breaking above a key swing level at 1.4366 before pushing through the 38.2% retracement of the February high-to-low decline at 1.4395. This move signaled renewed buying interest, propelling the pair to a new corrective high of 1.4452 before sellers emerged.That high pushed the price into a key resistance zone between 1.4448 and 1.4471, an area that has been technically significant in recent months. This zone marks the upper boundary of a consolidation range that defined trading from mid-December to late January. Volatility increased after the Trump Canada tariffs, briefly driving the price…

Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.5% in January from 2.6% in December, the US Bureau of Economic Analysis reported on Friday. Developing story, please refresh the page for updates. This section below was published as a preview of the US Personal Consumption Expenditures (PCE) Price Index data for October at 07:00 GMT. The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.6% YoY in January. Markets largely expect the Federal Reserve to hold the policy setting unchanged in March and May.…

India's economic growth accelerates to 6.2% in October-December Source link

Why it’s important?The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect.Distribution of forecasts for PCEPCE Y/Y 2.7% (3%) 2.6% (3%) 2.5% (47%) – consensus2.4%…

Here is what you need to know on Friday, February 28: The US Dollar (USD) Index, which tracks the USD’s performance against a basket of six major currencies, clings to small daily gains after touching a two-week-high near 107.50 early Friday. Investors await preliminary February Consumer Price Index data from Germany January the Personal Consumption Expenditures (PCE) Price Index data, the Federal Reserve’s (Fed) preferred gauge of inflation, from the US. Additionally, Statistics Canada will publish Gross Domestic Product (GDP) growth for the fourth quarter. US Dollar PRICE This week The table below shows the percentage change of US Dollar…

Are you tired of struggling with Forex trading? The market’s ups and downs can be tough to handle. But, there’s a way to stay on top and find winning trades more often. The KAMA and AFL Winner Forex Trading Strategy is here to help. This strategy uses Kaufman’s Adaptive Moving Average (KAMA) and the AFL Winner indicator. Together, they offer a way to make consistent profits in Forex. Key Takeaways KAMA adapts to market volatility for accurate trend identification AFL Winner provides clear buy and sell signals. The strategy combines two powerful tools for enhanced trading decisions Backtested over 8…

Mexico sends major drug capos to US as Trump tariff threat looms Source link

After turning lower from its 2025 highs, GBP/USD is fast approaching potential support zones. Will the pair see enough demand at the levels to extend its current uptrend? Let’s check out the 4-hour chart for clues: GBP/USD 4-hour Forex Chart by TradingView The British pound has shown impressive resilience against the U.S. dollar, even as the Greenback flexed its strength across major currencies. Traders seem to be banking on a positive outcome from the Trump-Starmer meeting, where the U.K. could secure favorable trade terms or dodge the tariffs hitting other US trading partners. The upcoming US PCE inflation report could…