Author: FX

US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are needed and regulators should consider abandoning ‘flawed’ dual capital requirements for banks, per Reuters. Bessent spoke at the start of a Federal Reserve regulatory conference. He further stated that excessive capitalization requirements were imposing unnecessary burdens on financial institutions, reducing lending, hurting growth and distorting markets by driving lending to the non-bank sector.Market reactionAt the time of writing, the US Dollar Index (DXY) is trading 0.04% higher on the day to trade at 97.87. US Dollar FAQs The US Dollar (USD) is the official…

USD/CAD weakens to near 1.3680 in Tuesday’s early Asian session. Speculation around a possible replacement of Fed Chair Jerome Powell weighs on the US Dollar. Lower crude oil prices might help limit the pair’s losses. The USD/CAD pair extends the decline to 1.3680 during the early Asian session on Tuesday. The renewed concerns over the US Federal Reserve (Fed) independence weigh on the US Dollar (USD) against the Canadian Dollar (CAD). Fed Chair Jerome Powell is set to speak later on Tuesday.A White House official said that US President Donald Trump is likely to fire Fed Chairman Powell soon. However, Trump denied it in a Truth Social post…

White House pressure on the Fed risks stoking inflation and hurting markets, study findsPolitical interference in Federal Reserve policy tends to push inflation higher and weaken risk assets, according to a study cited by T.S. Lombard economists.The research, by economist Thomas Drechsel, tracks presidential interactions with the Fed using diary records and highlights episodes where the central bank clearly yielded to political demands—such as under Nixon before the 1972 election and during Lyndon Johnson’s presidency. From this, Drechsel built a “political pressure” index.T.S. Lombard says the study’s findings are especially relevant todayWhen the Fed eases policy under political pressure, inflation…

The earnings calendar starts to heat up this week with Alphabet releasing on Wednesday after the close . Recall after the last earnings report back on April 24, earnings beat expectations and initially moved higher but then fell sharply on reports of the search engine giant losing market share to the other AI engines. That sent the price from about $165 down to $147.84. The price has since rallied 27.5%. Shares are up $3.50 today or 1.9% at $188.61. The price is at the highest level since February 7. The all-time high price is at $207.05 reached on February 5th.Looking…

EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets.EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains.EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades.The Euro (EUR) is edging higher against the Swiss Franc (CHF). On Monday, fundamental dynamics are increasingly shaping the trajectory of EUR/CHF. With recent data pointing to possible intervention by the Swiss National Bank (SNB), the pair has recovered to trade above 0.9330 at the time of writing.Swiss Franc under pressure as SNB deposits spike, lifting EUR/CHF off key supportAccording…

Prior month -0.5%PPI (IPPI) MOM 0.4% versus -0.1% estimatePPI YoY or .7% versus 1.2% last monthRaw material prices MoM2.7% versus -0.7% prior (was -0.4%)Raw material prices YoY or .1% versus -3.2% last month (was -2.8%).Details from StatCanIPPI rose 0.4% MoM in June.Primary non-ferrous metal products rose +2.8%, driven by:Unwrought gold, silver, and platinum group metals and alloys +5.9%Unwrought platinum group metals and alloys +15.6% (largest MoM rise since Sept 2012)Unwrought silver and silver alloys +8.4%Boosted by tight platinum supply and rising jewelry demandMeat, fish and dairy products increased +2.2%, led by:Fresh/frozen chicken +6.7%Fresh/frozen beef and veal +2.2%Driven by seasonal summer…

The Sort Volume MT4 Indicator is a simple yet powerful tool that helps traders visualize market volume in a more meaningful way. Instead of just showing a basic volume bar, it filters and organizes volume data so traders can see which candles carry the most weight. By highlighting bars with higher or lower volume it gives clues about potential momentum shifts. This makes it easier to spot real buying or selling interest, especially when price action alone doesn’t tell the full story. How Does It Help in Real Trading? Many traders focus too much on price patterns and forget how…

Even if broader markets had already factored in the likelihood of Japan’s ruling coalition suffering a loss over the weekend, the reality of it is still something to take in. The Japanese yen opened with a gap higher today before paring most of those gains, but is now pushing back higher again. It’s all about digesting the period of political uncertainty in Japan right now.And more often than not, that tends to lead to a stronger yen – at least initially. But taking in the current predicament, it’s going to be a tricky one. Ultimately, the larger trend for the…

Emini S&P SEPTEMBER hit a new all time high at 6357 but closed a little lower on the day.Last session high & low were: 6323 – 6357.Emini Nasdaq September reached a new all time high at 23320.Last session high & low were: 23203- 23320.Emini Dow Jones September gave up most of Thursday’s gains.Last session high & low for the last session were: 44423 – 44858.Emini S&P September futuresEmini S&P hit my next target of 6352/55 with a new all time high just 2 points above.The index has really only traded sideways since jumping higher on the 3rd of July…

New Zealand’s consumer price index rose 2.7% annually in the June 2025 quarter, marking the highest inflation rate in twelve months but coming in below market expectations, according to official data released by Stats NZ. The quarterly increase of 0.5% was also lower than the 0.9% recorded in the previous quarter, providing some relief for policymakers concerned about persistent price pressures. Key Takeaways Annual inflation reached 2.7%, up from 2.5% in Q1 but below economist forecasts of 2.8-2.9% Quarterly CPI rose 0.5%, decelerating from the previous quarter’s 0.9% increase Non-tradeable inflation slowed to 3.7% annually, the slowest pace in four…