Author: FX
It’s been a pretty choppy week for many markets as traders continue to wait for the US reciprocal tariffs announcement next Wednesday before taking positions with more conviction.That’s what the market is focused on now and all the rest is just short term noise. That catalyst should lead to sustained trends. On the 1 hour chart below, we can see that the NZDUSD pair has just been bouncing around between the 0.5710 support and the 0.5770 resistance. Traders will likely continue to play the range until we get a breakout on either side but from a risk management perspective, waiting…
The Pound Sterling rises against its peers on Friday after surprisingly upbeat UK Retail Sales data for February. The UK economy expanded at a robust pace of 1.5% in the last quarter of 2024. Investors brace for US PCE inflation and impending tariffs from US President Trump. The Pound Sterling (GBP) advances against its major peers on Friday, except the Japanese Yen (JPY), after the release of the United Kingdom (UK) Retail Sales data for February and revised Q4 Gross Domestic Product (GDP) figures. The Office for National Statistics (ONS) reported that Retail Sales, a key measure of consumer spending,…
Brazil, Vietnam discuss plane, beef deals and BRICS summit Source link
The Range Expansion Index (REI) is a technical indicator used by traders to assess the volatility and momentum in the market. The REI measures the relative price range of an asset over a specific time period and provides insights into market expansion or contraction. It is especially useful for identifying significant price movements and helps traders make well-informed decisions about entering or exiting trades. The MT4 platform (MetaTrader 4) is one of the most popular trading platforms, and the REI integrates seamlessly with it. By adding the REI to your MT4 chart, you get a clearer view of market conditions.…
Markets dropped after Trump confirmed steep auto tariffs, dragging down car stocks and rattling global sentiment. Gold hit a record high while the dollar swung sharply as traders reacted to trade tensions, economic data, and fresh Fed warnings about inflation risks. Here are the headlines and asset price movements you may have missed in the last trading sessions: Headlines: U.S. President Trump signs 25% auto import tariffs starting April 3, exempts parts for US-made vehicles Japan Chief Cabinet Secretary Yoshimasa Hayashi said that moves by the U.S. to restrict trade could have a “large impact on bilateral economic ties, the…
0830 GMT / 0430 US Eastern timeOnline remarks by ECB board member Luis de Guindos at conference “VI Cumbre FEDEPE” organised by FEDEPE (Federation of Female Professionals)Ears open for any hints at the path ahead for the European Central Bank. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD weakens to around 0.5720 in Friday’s early Asian session, down 0.32% on the day. Persistent trade war concerns weigh on the New Zealand Dollar. Investors await the US February PCE inflation data on Friday for fresh impetus. The NZD/USD pair remains under selling pressure near 0.5720 during the early Asian session on Friday. The escalating trade war risks from US President Donald Trump exert some selling pressure on the Kiwi. The US February Personal Consumption Expenditures (PCE) data will take center stage later on Friday. Traders remain nervous ahead of Trump’s reciprocal tariffs announcement on April 2. Trump said…
This is where the Recent High/Low Alert MT4 Indicator steps in. By automatically alerting traders to new highs or lows, it helps to simplify the process, reduce guesswork, and provide timely notifications for making smarter trading decisions. Read on to discover how this powerful tool can transform your trading strategy. What is the Recent High/Low Alert MT4 Indicator? The Recent High/Low Alert MT4 Indicator is a versatile tool designed for MetaTrader 4, one of the most popular trading platforms used by forex traders. This indicator automatically tracks and identifies the most recent high and low prices on a chart. When…
Barclays says there is a fall ahead =for the yuan, that markets have not yet ‘priced in’ higher tariffs. see fundamental reasons for the yuan to fallsays the yuan has resilience since the US election, but “Despite this, we expect continued pressure on China’s balance of payments dynamics owing to tariffs” scope for large-scale trade diversion is much more limited compared with Trump’s first termChina is still facing deflation, weak domestic demand and a troubled real estate market “We think the PBOC will react to tariffs by depreciating the CNY given the lack of other options, but could wait for…
Canadian Prime Minister Mark Carney cautioned markets that the Canadian government is both ready and willing to start retaliatory trade actions against US President Donald Trump. The White House is set to kick off a wide array of tariffs across the board that will enact sharp economic pain on all of the US’s foreign trading partners and constituents at the same time. Governments across the globe are preparing, or have already begun enacting, targeted response tariffs that are already taking a bite out of regional budgets across the US. During his statements, Canadian PM Carney highlighted that it remains unlikely the US will cave on…