Author: FX

Alex Wickham, political editor for Bloomberg UK, posted on his X account that “Rachel Reeves received an improved fiscal forecast from her budget watchdog putting the fiscal hole at £20 billion, leading her to drop plans to raise income tax rates according to people familiar with the matter”. “The latest update from the Office for Budget Responsibility moved in a significantly better direction due to the strength of receipts and stronger wage performance. As well as filling the £20 billion gap, Reeves is still expected to deliver headroom against her fiscal rules of between £15 billion and £20 billion”. “An…

Gold (XAU/USD) attracts some sellers following an intraday move higher to levels beyond the $4,200 mark and drops to a fresh daily low during the early part of the European session on Friday. A growing number of Federal Reserve (Fed) policymakers signaled caution on further easing amid the lack of economic data, prompting traders to trim their bets for another rate cut in December. This, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.Investors, however, seem convinced that weakening economic momentum on the back of a prolonged US government shutdown could allow…

The Heat Map Multi Color MT4 Indicator is designed to simplify trading by transforming complex price movements into visual cues. It uses a color-coded system to indicate market strength: strong trends appear in bold colors, while weaker trends are shown in lighter shades. This makes it easy to see when a market is trending or consolidating without analyzing multiple charts or indicators. By providing this visual representation, traders can quickly determine whether to enter, hold, or exit a position, saving time and reducing confusion in fast-paced trading environments. Key Features and Benefits This indicator offers several advantages for traders of…

ANZ’s ’good news’ culture masking problems, bank review finds Source link

U.S. crude oil prices just jumped back to $60 before seeing pullbacks! Are we seeing the beginning of a longer-term uptrend? Or was today’s upswing a fluke? WTI Crude Oil (USOIL) 4-hour Chart by TradingView Earlier today, Ukraine’s drone strikes on Novorossiysk, Russia’s second-largest oil export hub, stirred up fresh supply concerns and helped push USOIL above the $60.00 psychological level. The jump pulled back some of USOIL’s downswing after OPEC’s latest report suggested that supply might match the demand in 2026 instead of slipping into a deficit. That outlook took a lot of steam out of the bulls. With…

Oil prices climbed more than 2% in early Friday trade after a Ukrainian drone strike damaged an oil depot in the Russian Black Sea port of Novorossiysk, one of Moscow’s key export hubs. Brent rose 2.1%, while WTI gained 2.4%.Local authorities in Russia’s Krasnodar region said drone debris struck three residential apartments, a trans-shipment oil depot and nearby coastal facilities. Novorossiysk is a major outlet for Russian crude and condensate exports, handling roughly 2.2 million barrels per day.Prices had stabilised on Thursday as traders weighed the impact of sweeping U.S. sanctions on Russian oil giants Lukoil and Rosneft, which take…

Check out this fresh ascending channel forming on the 4-hour time frame of CHF/JPY! Is the pair gearing up for another pullback to the support zone? Here are the correction levels worth keeping tabs on: CHF/JPY 4-hour Forex Chart by TradingView This yen pair has been forming higher lows and higher highs connected by an ascending trend channel that’s been holding since mid-September, as safe-haven flows appear to be favoring the lower-yielding franc. Price is stalling at the channel top, which coincides with R3 (194.62) and could retreat back to nearby support levels marked by the Fibonacci retracement tool. Are…

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day’s fix of 7.0865 and 7.0964 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese…

Traders often face a common challenge: knowing the best times to trade. Entering the market too early or too late can lead to missed opportunities, unnecessary losses, and a lot of frustration. The forex market is active 24 hours a day, but not all hours are equally profitable. Missing peak trading times can mean lower gains and higher risks. The Kolier Market Sessions MT4 Indicator offers a solution by visually showing the major market sessions, London, New York, Tokyo, and Sydney, right on your MT4 chart. By understanding market rhythms, traders can make smarter, more confident decisions. What is the…

Markets suffered another sharp leg lower on Thursday as a growing chorus of anti-cut Federal Reserve officials dampened December rate cut expectations, overshadowing the end of the government shutdown and triggering broad-based selling across equities and crypto while the dollar struggled to find direction. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. government shutdown officially ends after 43 days as President Trump signs spending bill, though data collection delays persist New Zealand Electronic Card Retail Sales for October 2025: 0.2% m/m (0.4% m/m forecast; -0.5%…