Author: FX
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The Indian Rupee softens in Friday’s Asian session. Month-end USD demand and persistent foreign fund outflows weigh on the INR. Traders await India’s Q4 GDP data ahead of the US PCE inflation report, which will be released on Friday. The Indian Rupee (INR) trades with mild losses amid the month-end US Dollar (USD) demand on Friday. The muted trend in domestic markets and persistent foreign fund outflows continue to weigh on investor sentiments, undermining the local currency. Furthermore, the latest tariff announcements from US President Donald Trump have sent shockwaves through global markets, strengthening the Greenback. Any significant depreciation might be…
The major assets had a wild ride as Trump’s surprise tariff moves rattled investor confidence, pushing stocks lower and fueling a dollar rally, while oil prices bucked the trend with gains on supply concerns. How did the major assets trade the headlines on Thursday? Let’s take a closer look: Headlines: New Zealand ANZ Business Confidence for February 2025: 58.4 (56.0 forecast; 54.4 previous) Trump removes Chevron’s Venezuela oil license, threatening to remove about 240,000 barrels per day from global supply BOJ Gov. Kazuo Ueda thinks the “very strong uncertainty” on U.S. policies warrants a closer look from the central bank…
Do you struggle to find key price levels in forex trading? Many traders do, missing chances and making big mistakes. The market’s always changing, making it hard even for experts. But there’s a way to see things more clearly. By using Auto Support & Resistance Zones with Volume Profile, traders can understand the market better. This strategy shows you important price levels. It helps you make better trading choices. This method can predict market direction 55-60% of the time. It can improve your trading. Professional fund managers make 20-50% annual returns. With the right tools, you can too. Knowing support…
US judge halts Trump administration's calls for mass firings by agencies Source link
If you are all done trashing stocks, here is what’s on the data agenda here during the Asian session for Friday, February 28, 2025. Tokyo CPI is the focus, I’ve a bit of an explainer on how this differs from the national CPI below the screenshot. The full national February data will be published in around three weeks. You’ll note the core rate, ie that for CPI excluding fresh food, is expected to have subsided a little from January, but remain above the Bank of Japan’s 2% target. While note shown in the screenshot expectations I have seen for the…
AUD/JPY posts a three-day losing streak, trading near its lowest levels since mid-September. RSI continues to decline, nearing oversold territory, signaling persistent downside pressure. MACD histogram prints rising red bars, reflecting strengthening bearish momentum. AUD/JPY extended its downward trajectory on Thursday, marking a third consecutive day of losses and trading around its lowest levels since mid-September. The pair remains under pressure, with sellers firmly in control after breaching key support levels. The broader technical structure suggests that bearish forces could continue to dominate in the near term. Technical indicators reinforce the prevailing downtrend. The Relative Strength Index (RSI) is steadily…
Manufacturing index -5 vs -9 priorComposite index -5 vs -5 priorComments in the report:“Couldn’t ship freezables many days in February, due to cold, We have a warehouse full of orders shipping this week.”“Capital Equipment cost that are imported are a huge concern for us and the type of capital equipment we purchase is not produced in the USA for many years.”“Markets we serve [machinery manufacturing] are down 30% for quarters 1 and 2 2025 vs quarters 1 and 2 2024.”“The second calendar quarter is seasonally the worst. The last half of 2024 was not good, but seeing uptick in early…
The US Dollar books broad gains after the second reading of the US GDP release. Traders see the inflation component pick up and catch markets by surprise. The US Dollar Index (DXY) breaks above 107.00 and stretches higher. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is rallying and breaks above 107.00 at the time of writing on Thursday after some important US data releases. The DXY initially this Thursday was receiving a bit of a tailwind from the Gold and US yields sell-off. The move came after United States…
Prior -14.2Economic confidence 96.3 vs 96.0 expectedPrior 95.2; revised to 95.3Industrial confidence -11.4 vs -12.0 expectedPrior -12.9; revised to -12.7Services confidence 6.2 vs 6.8 expectedPrior 6.6; revised to 6.7Slight delay in the release by the source. This article was written by Justin Low at www.forexlive.com. Source link