Author: FX

The BOE policy decision took the spotlight with its surprise “dovish split” while U.S. jobs indicators kept markets on edge ahead of this week’s NFP release. Meanwhile, crude oil hit fresh yearly lows on geopolitical developments and another round of commentary from U.S. President Trump. Here are the latest headlines you need to know! Headlines: Australia goods trade surplus shrank from 6.79B AUD to 5.09B AUD (6.52B AUD forecast) in December BOJ official Tamura suggested that pace of rate hikes may not necessarily be once every half a year, citing that tightening may be in line with likelihood of achieving…

The Bank of England (BOE) reduced its benchmark interest rate by 25 basis points to 4.50%, marking its first rate cut since late 2024 while the MPC minutes revealed a more dovish split than expected. Analysts had expected to see an 8-1 vote in favor of a 0.25% cut, but the transcript of their policy meeting indicated that the call to ease was unanimous and that two MPC members actually wanted to lower rates by 0.50%. Key Takeaways: Bank Rate lowered to 4.50% from 4.75% as expected Two members (Dhingra and Mann) voted for a larger 50bp cut BOE expects…

China dispute seen as early test of Trump's stance towards WTO Source link

The AO Divergence and ZeroLag MACD Forex Trading Strategy is a powerful combination that can significantly improve the accuracy and effectiveness of a trader’s decision-making process. In the fast-paced world of Forex trading, being able to identify potential market reversals and momentum shifts is crucial. The AO Divergence indicator highlights discrepancies between price action and the Awesome Oscillator (AO), offering traders valuable insight into market trends. When paired with the ZeroLag MACD, which reduces lag found in traditional MACD signals, traders gain a more timely and precise understanding of market movements, allowing them to act quickly and decisively. The AO…

Dallas Federal Reserve President Lorie Logan spoke earleir: Logan provided some ‘forward guidance, outlining two possible paths for U.S. monetary policy in 2025: suggesting that the Federal Open Market Committee (FOMC) could either resume rate cuts soon or maintain current levels for an extended period.“In some scenarios, it will soon be appropriate to resume reducing the federal funds rate target range,” Logan said. “In other scenarios, we’ll need to hold rates at least at the current level for some time.”She also highlighted reasons why the Fed might opt to keep rates steady, even if inflation approaches the central bank’s 2%…

USD/CAD trades with mild gains near 1.4305 in Thursday’s late American session.  Canada’s Ivey PMI shows activity decreasing in January.  Investors will closely monitor the US and Canadian labour market reports, which are due later on Friday.  The USD/CAD pair posts modest gains around 1.4305 during the late American session on Thursday, bolstered by a mild bounce in US yields. The markets might turn cautious amid the ongoing uncertainty surrounding US President Donald Trump’s trade policies and ahead of the release of the US and Canadian January labour market reports.Trump delayed his orders to impose 25% tariffs on Canada for…

Seems jobs are settling around full employmentAppearance that inflation process has stalled is largely due to base effectsView of the economy is full employment, ongoing growth and inflation likely to fall to 2%Added uncertainty makes the environment for the Fed foggier, a reason to slow the pace of cutsWould watch PPI and listen to industrial contacts in monitoring tariff effectsHe paints a good picture of the economy and that’s particularly comforting given that Fed funds are at 4.25-4.50%. This article was written by Adam Button at www.forexlive.com. Source link

The Canadian Dollar churned on Thursday, holding flat against the Greenback. PMI figures from Canada contracted sharply in January, limiting Loonie gains. Key US NFP and Canadian employment figures are due on Friday. The Canadian Dollar (CAD) spun in a tight circle on Thursday, churning chart paper near 1.4300 against the US Dollar (USD) as markets gear up for another Nonfarm Payrolls (NFP) Friday. Markets are treading water near familiar levels as investors shrug off the early week’s trade war fears and resume focusing on hopes for future Federal Reserve (Fed) rate cuts. Canadian Purchasing Managers Index (PMI) figures for…

Taco Bell parent serves up sales beat as value meals whet demand Source link

Current Market OverviewBitcoin futures are currently trading at $98,710, with the bearish threshold at $98,860. This level is just below yesterday’s Value Area High (VAH) and near the Value Area Low (VAL) of two days ago. Since price is slightly below this threshold, some traders may look for a minor retest at $98,870 before confirming a short position. However, this level itself is not critical, and bearish momentum could already be unfolding.Bearish Trade Plan for Bitcoin Futures TodayTraders looking to short Bitcoin futures should consider the following downside targets:$98,470 – A near-term target positioned just above today’s VWAP.$98,250 – The…