Author: FX
USD/JPY has been experiencing notable selling pressure after a recent bounce from the 140.00 level, with bears potentially regaining control as price encounters resistance at the 38.2% Fibonacci level. Let’s take a closer look at the daily time frame: 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
The Pound Sterling rises to near 1.3390 against the US Dollar as the latter trades with caution due to uncertainty over the status of US-China trade talks.Beijing keeps denying Trump’s claim of having trade discussions with China’s Xi.The BoE is almost certain to cut interest rates next week.The Pound Sterling (GBP) outperforms its peers at the start of the week despite firm expectations that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 4.25% in the policy meeting on May 8. BoE dovish bets have escalated amid fears that the new tariff policy by…
Exclusive-Pakistan defence minister says military incursion by India is imminent Source link
Trump sees no red line that would change tariff policy.”Trump pushed back on the notion, popular among some Wall Street analysts, that financial turmoil – plummeting markets, the threat of a recession, a weakened dollar – would cause him to roll back his tariff policies.” “It always affects you a little bit” he said, but there’s no red line, no “certain number” at which he would feel compelled to change course.The headline from the Atlantic was a bit deceiving. This doesn’t change anything as it’s just about Trump saying that his will is stronger than financial markets (suuure) Later this…
JPM Elliott Wave technical analysis Details: JP Morgan (JPM) appears to have completed wave 2, setting the path for further upside within wave 3 of Primary wave (5). The focus is now on reaching TradingLevel3 at $300, with expectations of continued bullish momentum as wave 3 advances. JPM Elliott Wave technical analysis Details: On the 1-hour chart, JPM is nearing the completion of wave ii of 3, setting the stage for a possible strong third-of-a-third rally. Alternatively, there is a minor chance that price action is within wave (iv) of i. Despite the alternate view, the bullish structure remains intact, favoring a move…
Jinli Guo/iStock via Getty ImagesChina has re-exported more than 280,000 tons of liquefied natural gas so far in April, the highest volume ever in a single month, according to ship-tracking data compiled by Bloomberg. That is equivalent to 7.7% of total imports for the month, the Source link
Trump urges Russia to stop attacks, says Zelenskiy might cede Crimea Source link
The MultiVote On Balance Volume (OBV) MT4 Indicator is designed to help traders track the flow of volume about price movements. By examining the volume of trades, OBV helps traders gauge the strength or weakness of a price trend. When prices rise with high volume, the market is considered strong, indicating a potential buying opportunity. Conversely, when prices fall alongside increasing volume, it may signal a weakening trend and a potential sell. This indicator is especially useful for traders who rely on volume as a crucial factor in their decision-making process. How the MultiVote OBV Indicator Works The OBV indicator…
USD/CAD is consolidating near a major area of interest! Will buying pressure at the level lead to the pair extending its long-term uptrend? Let’s take a closer look at the daily time frame: USD/CAD 4-hour Forex Chart by TradingView The U.S. dollar is crawling back from its monthly lows as the Trump administration shows more willingness to de-escalate trade tensions with China, and Trump backs off from threatening Fed Chairman Powell’s job. Meanwhile, demand for the oil-linked Canadian dollar could stay limited, with traders digesting talk of a possible Russia-Ukraine peace deal and OPEC+ members pushing to ramp up output…
According to Barclays’ month-end FX rebalancing model, strong dollar buying is indicated against the rest of the major currencies bloc for April. This comes after Trump’s reciprocal tariffs announcement led to massive selling in US equities and bonds during the month.”The clear outflows from all major US assets at a pace of c.3-4 standard deviations, dominated by US equities given their large market caps, mean our model has produced a strong dollar buying signal in April. The resulting price actions in the dollar may be dampened, however, should market players adjust their hedge ratios or portfolio allocation in dollar assets…