Author: FX
AUD/USD sits just below a resistance shelf near a major psychological mark, right as the RBA heads into its next monetary policy decision. Source link
Crypto news – US Senate pushes CLARITY Act crypto vote to September as recess nears !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
WTI crude oil appears to have broken below the neckline of a complex Head and Shoulders pattern. Can this pullback gather more selling energy? Here are the potential retracement levels to watch on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart Faster with TradingView Easing geopolitical tensions amid prospects of a US-Iran deal and the reopening of the Strait of Hormuz are once again forcing this energy commodity to unwind its war premium. However, uncertainty still remains as a news agency in Iran circulated a draft plan for the strait carrying far more restrictive shipping conditions, reviving oil…
USD/CAD extends its gains for the second successive day, trading around 1.4020 during the Asian hours on Friday. The pair continues to gain ground as the US Dollar (USD) benefits from revived safe-haven demand.Tensions in the Strait of Hormuz have unsettled global markets and cast fresh doubt over efforts to fully reopen the vital shipping route. Market participants remain highly skeptical about the corridor’s prospective opening, especially as Iran’s parliament reviews a draft agreement. The proposed draft would bar United States (US) and Israeli vessels, impose 20% cargo penalties on hostile nations, and keep the trade route restricted until the…
GBP/CHF has breached its upper Bollinger Band, raising the prospect of either a bullish breakout or a bearish fakeout. What comes next? Source link
investingLive Asia-pacific FX news wrap 6 Aug: USD moves higher with yields ahead of US jobs report !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Oil’s sharpest rally in weeks rattled markets Thursday as Hormuz doubts resurfaced, lifting crude, yields, and the dollar while stocks fell ahead of Friday’s jobs report. Source link
ING economists Deepali Bhargava and Lynn Song flag renewed policy uncertainty for the Indonesian Rupiah (IDR) after the surprise resignation of Bank Indonesia’s (BI) governor, just as sentiment toward Indonesian assets was improving. Foreign participation in local bonds had started to recover on recent rate decisions and FX-stabilisation measures. They warn that questions over central bank independence and monetary policy direction point to further IDR weakness.Governor exit clouds IDR outlook”A surprise resignation from Bank Indonesia’s governor introduces fresh policy uncertainty at a time when investor sentiment toward Indonesian assets was improving.””While Acting Governor Damayanti should provide near-term continuity, markets will…
Iran is reportedly drafting a strategic plan that would restrict access through the Strait of Hormuz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Iran says its Hormuz shipping deal with Oman is agreed in principle, but the strait’s full reopening still depends on the U.S. and Iran’s Supreme Leader. Source link