Author: FX

Who’s ready for the first round of revisions on the U.S. GDP report? Any significant upgrades or downgrades could still impact Fed policy outlook, potentially causing big swings in the markets. Better read up on what markets are expecting for the event and how the dollar could react. 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

Earlier this month, we spotted a trading opportunity when EUR/JPY tested a long-term support zone. Since then, the pair jumped about 500 pips before pulling back to retest that support area. Let’s see if the bulls can hold the line again. EUR/JPY Daily Forex Chart by TradingView The Japanese yen stole the show last week, riding a wave of safe-haven demand and getting a boost from Japanese officials hinting at more interest rate hikes. Meanwhile, the euro struggled as traders worried about Europe’s exposure to potential U.S. tariffs and the uncertainty surrounding the German elections. All eyes are on this…

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The Bank of Japan is not too worried about the moves higher in Japanese Government Bond yields, “which are grinding rather than abrupt” says an unnamed source quoted in this (gated) Reuters piece. In summary from the article:BOJ Governor Kazuo Ueda issued a mild warning on Friday that it could increase bond buying if “abnormal” market moves trigger a sharp rise in yields, but he was reiterating the bank’s pledge made when it began tapering bond purchases in July last year. Ueda said the BOJ was unwavering in its stance to allow market forces to determine long-term interest rates. BOJ…

According to exit surveys conducted by German broadcaster ZDF, the Christian Democratic Union and its allied Christian Social Union secured the largest share of votes in the German federal election on Sunday, per CNBC. This puts the party’s leading candidate, Friedrich Merz, in a great position to take over Olaf Scholz as chancellor of Europe’s largest economy.The CDU-CSU won 28.5% of the vote, followed by the far-right AfD with 20% and Scholz’s Social Democratic Party with 16.5%, according to ZDF exit polls.   Market reaction At the time of writing, EUR/USD is trading 0.10% higher on the day at 1.0470.  Euro FAQs The Euro is…

Germany's conservatives win election but tough coalition talks loom Source link

Forex markets face a pivotal week ahead as traders digest potential U.S. trade tariffs, German election results, and key inflation data. Source link

This week our currency strategists focused on the monetary policy statements from the Reserve Bank of Australia and Reserve Bank of New Zealand for potential high-quality setups in the comdolls. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates 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…

Russia and US plan another meeting this week Source link

AI hype and data-center capex have been major market drivers in the past year but there is some angst lately about how much is being spent and whether there is a real business case for it all. That really kicked off with DeepSeek undercutting cost assumptions and now there is a TD note doing the rounds suggesting that Microsoft is pulling back on spending.I’ve published the text of the note below.Our channel checks indicate that $MSFT has 1) canceled leases in the US, totaling ‘a couple of hundred MWs’ with at least two private data center operators, 2) has pulled…