Author: FX
It’s a choppy day in the foreign exchange market, which isn’t unusual at month-end, particularly in a very volatile month.The US dollar had been slackening in the last hour broadly but there is some life in stocks now and the dollar has rebounded. At the same time, the euro is particularly soft.EUR/USD 1 hourIt’s tough to tie this back to newsflow as it as generally dovish today, which should hurt the US dollar. The market is taking a recessionary view with 132 bps in easing in the year ahead now priced in, compared to 125 bps yesterday. At the same…
The Pound Sterling retraces against the US Dollar to near 1.3310 as the former underperforms across the board.The US economy contracted by 0.3% in the January-March period.BoE Greene expects Trump’s tariff policy to be net disinflationary for the economy.The Pound Sterling (GBP) extends correction to near 1.3310 against the US Dollar (USD) in Wednesday’s North American session from its fresh three-year high of 1.3445 posted on Tuesday. The GBP/USD pair trades near its intraday low as the US Dollar (USD) gains after the release of a string of top-tier key United States (US) economic data.The US data has shown that…
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orderFlow Intel: Nasdaq Futures Analysis NowNasdaq futures (NQ) are currently trading at a critical juncture around 19560, a key area anchored by yesterday’s VWAP—a crucial dynamic benchmark widely respected by professional traders. The current positioning around this level suggests moderate bullish momentum, though clarity is needed to confirm direction.Today’s price action has been characterized by mixed yet mildly bullish order flow, hinting at subtle strength emerging from buyers at critical intraday supports. NQ is trading within today’s established Value Area, notably hovering just below the day’s Point of Control (POC) at 19580. Successfully reclaiming and holding above this level would…
JSW STEEL Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Orange Wave 2. Position: Navy Blue Wave 1. Directions next higher degrees: Orange Wave 3. Details: Orange wave 1 appears complete; orange wave 2 is currently forming. Wave cancel/invalid level: 906. The daily chart for JSW STEEL indicates a counter-trend correction forming inside a broader bullish setup. Orange wave 1 appears finished, with the stock now entering orange wave 2, which is part of the larger navy blue wave 1 uptrend. This suggests a short-term pullback before the potential continuation of the dominant upward move. Wave 2 usually retraces 38% to 61% of wave 1, often manifesting as…
The All-In-One Mirror MT4 Indicator provides a streamlined solution that consolidates all the essential data into one clear and easy-to-understand display. This innovative tool is designed to simplify the trading process, saving time and enhancing trading accuracy. Let’s explore why the All-In-One Mirror MT4 Indicator is a must-have tool for traders. Simplifying Complex Data with the All-In-One Mirror MT4 Indicator The All-In-One Mirror MT4 Indicator transforms the way traders interact with the MetaTrader 4 (MT4) platform. Instead of flipping between different charts or trying to analyze multiple indicators at once, this tool consolidates everything into one display. Traders can view…
Australian inflation remained unchanged annually but came in stronger than expected on a quarterly basis, reinforcing market expectations for a second rate cut by the Reserve Bank of Australia (RBA) at its May meeting but a more measured approach afterwards. While annual inflation remained anchored within the 2-3% target range and core measures showed signs of easing, the quarterly reading suggested some lingering price pressures in the economy. Key Takeaways: Headline CPI held steady at 2.4% year-on-year in March quarter, matching the December quarter reading but above the 2.2% forecast Quarterly inflation jumped to 0.9%, significantly higher than the 0.2%…
Even though the BOJ is widely expected to sit on their hands for now, hints about future tightening or upgrades in their inflation forecasts could still spur declines for CHF/JPY or NZD/JPY. Our Event Guide for the BOJ Decision points out that stronger than expected price pressures could be enough for policymakers to retain their rate hike guidance for the next few months. Here’s what I’m looking at in this scenario. 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…
The Bar Time Count Down MT4 Indicator shows a live countdown of the time remaining before the current candlestick closes. It’s a simple tool, but one that makes a huge impact. This countdown is displayed directly on your MT4 chart, updating in real time. Traders no longer need to keep checking the clock or switching timeframes. The visual timer keeps them focused and in control of their trades. Why It Matters to Traders Timing is everything in trading. If a trader enters too early, the setup might not be complete. If they wait too long, the move might be over.…
Traders widely expect the Bank of Japan (BOJ) to keep its policies steady for another month in May. Based on our Event Guide for the May BOJ Monetary Policy Statement, the central bank could also downgrade its economic projections and possibly sound less hawkish than some yen buyers are expecting. If Gov. Ueda and his team tone down their interest rate hike hints, we think GBP/JPY and NZD/JPY may present good trend opportunities for yen traders: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…