Author: FX

The Indian Rupee recovers after two days of losses, tracking a weaker US Dollar Index.Fresh trade data and easing wholesale inflation support INR sentiment.USD/INR slips below 86.00 as softer US factory data weighs on the US Dollar.RBI intervention expectations anchor the Rupee despite Middle East hostilities.The Indian Rupee (INR) strengthens against the US Dollar (USD) on Monday, halting a two-day losing streak as the US Dollar Index (DXY) slips lower and fresh trade data boosts sentiment. A narrower trade gap has offered the Rupee some support, helping it recover alongside a softer Greenback and steady risk appetite in global markets.The…

The latest news on the tariffs front is that the EU is reportedly prepared to accept a flat 10% tariff rate by US under certain conditions. The EU has been the most difficult one to deal with and Trump at some point tried to force them to speed up negotiations with a 50% tariff threat.From a market perspective, tariffs are no longer that much of a deal because a 10% average tariff rate has been already priced in. We also got reports from businesses that they plan with a 10% to 20% tariff rate. But what about the July 8th…

Gold price retreats from a nearly two-month high touched at the start of a new week.A positive risk tone undermines the XAU/USD, though the downside seems limited.Trade uncertainties, geopolitical risks, and a weaker US could support the XAU/USD. Gold price (XAU/USD) sticks to intraday losses through the first half of the European session and now seems to have snapped a three-day winning streak to a nearly two-month peak touched earlier this Monday. A generally positive tone around the equity markets is seen undermining demand for the safe-haven bullion. However, a combination of factors holds back bearish traders from placing aggressive…

Sri Lanka plans IMF talks on ways to lure foreign investors Source link

Is the yen due for a pullback against its major counterparts? Our Event Guide for the June BOJ decision suggests the central bank will likely keep policy steady while maintaining its hawkish tilt. But with global trade tensions and tariff uncertainty back in the mix, Gov. Ueda and his team might shift focus toward growth rather than pushing ahead with more hikes. If the BOJ strikes a less hawkish tone than markets expect, GBP/JPY and CHF/JPY could stay in the driver’s seat and extend their monthly uptrends. This Article Is For Premium Members Only Become a Premium member…

The Guppy Multiple Moving Average (GMMA) is a technical analysis tool made up of multiple exponential moving averages (EMAs). It’s designed to show short-term and long-term trends clearly. In the long version of this indicator, more focus is placed on the long-term trend group, helping traders identify the big picture before jumping into trades. Each line in the indicator represents a different period of the market, giving a layered look at how prices are behaving. This makes it easier to avoid false signals and stay on the right side of the trend. How It Works in MT4 When applied to…

BOJ Governor Ueda and his fellow policymakers are widely expected to keep rates on hold for the time being, but will they still keep the door open for more tightening? Our Event Guide for the June BOJ decision points out that officials are merely pausing from rate hikes because of trade uncertainty but that tightening could resume as soon as data reflects a recovery. Here’s what I’m watching on USD/JPY and AUD/JPY in this scenario. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…

Middle East:China:Other: Tensions between Israel and Iran surged over Sunday and Monday, as both sides launched fresh attacks, fuelling fears of a broader regional conflict.The Israeli Defence Forces struck missile sites in central Iran, along with Revolutionary Guard facilities in Qazvin and the Parchin military complex near Tehran. Iran responded with its most extensive missile barrage to date, with footage suggesting ballistic missile impacts at the Haifa Oil Refinery and near Tel Aviv and Jerusalem. Gold rose for a fourth straight session to a near two-month high as safe-haven demand picked up. Oil gapped higher at the open, buoyed by…

Are BOJ policymakers gearing up for a big announcement given the latest developments in the Japanese bond market? Or will they downplay the possibility of rate hikes while trade uncertainty is in play? Here are the points to take note of when trading the June BOJ decision. 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

This week, our currency strategists focused on the BOC Monetary Policy Statement for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, you can subscribe…