Author: FX

Risk-off sentiment deepened on Thursday as mounting skepticism over a near-term US-Iran ceasefire drove oil sharply higher while equities, gold, and Bitcoin fell across the board. With Trump’s end-of-week deadline approaching and no meaningful progress from either side, the US dollar finished as the best-performing major currency of the session, supported by safe-haven flows and a steady climb in Treasury yields. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Germany GfK Consumer Confidence for April 2026: -28.0 (-27.0 forecast; -24.7 previous) France Business Confidence for March…

The NASDAQ index is currently down 430 points or -1.96% at 21,500. That takes the price below the low price from last Friday’s trade at 21,522.75. It also takes a price to the lowest level since September 4.The next major target area comes between 20,931 and 21,033 (swing lows from September 2 and August 19. Below that truth would look toward 21,573 (swing low from July 30) and the 38.2% retracement of the move up from the April 2025 low. That level comes in at 20,491.Technology stocks have been particularly hard-hit today, along with industrials. Among the bottom 20 stocks…

Alan Taylor, an external member of the Monetary Policy Committee of the Bank of England (BoE), said that he currently sees a high bar to hiking the rates at a conference in New York hosted by Exante Data. He also added that the current energy shock looks more like the 2011 situation than the 2022.Key takeaways:The current energy shock looks more like 2011 than 2022 in magnitude. Currently see a high bar to hiking. Holding policy steady preferable until impact of energy shock becomes clearer. UK faces low risks of inflation becoming unanchored given weakening labour market and slowing wage…

U.S. envoy Witkoff says Iran is seeking an off-ramp Source link

Throughout this war, we’ve heard persistent reports that the US and Israel have different goals in Iran. The main evidence for that was Israeli strikes on oil storage facilities in Tehran. That drew a rebuke from Trump and he said on Truth Social that Israel would no longer be striking Iran’s infrastructure. Now a report from Al-Mayadeen — a Beirut-based, pan-Arab satellite news channel — says there is information that JD Vance and CIA director John Ratcliff are trying to remove Netanyahu from the American decision-making circle.Meanwhile, a separate report cites a political-security source told Al Mayadeen that Marco Rubio…

USD/CHF trades higher around 0.7930 on Thursday, up 0.15% on the day, as the US Dollar (USD) maintains a bullish tone amid heightened geopolitical uncertainty. The pair is supported by sustained demand for the Greenback, driven by fading hopes for a ceasefire between the United States (US) and Iran.The US Dollar Index (DXY), which tracks the USD against a basket of major currencies, is holding near recent highs around 99.90, reflecting the currency’s resilience. Tensions have escalated after Tehran rejected US President Donald Trump’s 15-point ceasefire proposal, describing it as “extremely maximalist and unreasonable.”According to a report from the Wall…

L3Harris wins contract for submarine-launched underwater drone system Source link

At its core, the No Supply No Demand Indicator MT4 is a volume spread analysis (VSA)–based tool. It scans candles for a combination of narrow price range and low tick volume. When those conditions line up, the indicator flags a potential lack of interest from buyers or sellers. “No supply” usually appears during pullbacks in an uptrend. Price dips slightly, but volume contracts, suggesting sellers aren’t committed. “No demand” shows up during weak rallies in a downtrend, where buyers push price up with little volume behind the move. This indicator doesn’t predict direction on its own. Instead, it gives context.…

Prior -24.7; revised to -24.8Not much of a surprise there as German consumer sentiment deteriorated heading into April, largely due to concerns on higher energy prices. That as the Middle East conflict continues to drag on for longer, set to stretch into its fourth week soon. Households look to be bracing for higher prices at the pump and spillovers to other areas, with added concerns about the economic recovery in general.The economic expectations index dipped back into negative territory, down to -6.9 from 4.3 in March. That is the lowest reading since December 2022. Adding to that, consumer income expectations…

Gold (XAU/USD) extends its sideways consolidative price move above the $4,500 psychological mark through the Asian session on Thursday, and for now, seems to have stalled the overnight rejection slide from the 100-day Simple Moving Average (SMA). The upside, however, remains capped amid hawkish central banks and a bullish US Dollar (USD). This, in turn, warrants caution before positioning for an extension of this week’s solid recovery from a technically significant 200-day SMA, around the $4,100 mark, or a four-month low.Despite US President Donald Trump’s ceasefire rhetoric, Iran publicly rejected claims of ongoing negotiations and said that there is no…