Author: FX

Dollar rises as Fed signals it is in no rush to cut rates Source link

Fundamental OverviewThe FOMC decision didn’t provide anything new. In fact, the Fed delivered on expectations with no surprises whatsoever. The central bank kept rates steady, reduced the QT pace, revised growth lower and inflation higher, and kept the dot plot mostly unchanged. Fed Chair Powell acknowledged the current uncertainty around Trump’s policies and the inflation outlook but confirmed that the economy remains healthy, and the Fed is in a good position to wait for more clarity. The only noteworthy comment was the dismissal of the rise in the long-term inflation expectations in the University of Michigan Consumer Sentiment survey as…

European natural gas prices rallied yesterday, with the Title Transfer Facility (TTF) settling almost 6.4% higher, amid fading hopes for a partial resumption in Russian gas flows to Europe, ING’s commodity analysts Warren Patterson and Ewa Manthey note. Russia agrees to stop attacking Ukrainian energy infrastructure for 30 days “Russia failed to agree to an unconditional ceasefire with Ukraine; it only agreed to stop attacks on Ukrainian energy infrastructure for 30 days. Investment funds, which had been heavily selling TTF in recent weeks, reversed course over the last reporting week, buying 1TWh to leave them with a net long of…

Are you having trouble finding good trading signals in the forex market? The CCI Alert MTF and Aroon Oscillator strategy can help. It uses multi-timeframe analysis to spot trend changes accurately. By mixing the Commodity Channel Index (CCI) with the Aroon Oscillator, traders can find overbought and oversold spots and see how strong the trend is. This makes a forex trading strategy that helps make better decisions and could increase profits in the currency markets. Key Takeaways Combines CCI and Aroon Oscillator for precise trend analysis Utilizes multi-timeframe approach for improved accuracy Identifies overbought and oversold conditions effectively Enhances trend…

You would think central bankers would show more humility after being wrong the last time. But they never cease to surprise come what may. Yesterday, Fed chair Powell brought back the term transitory to markets. This time in saying that the base case for tariffs inflation is that it would be “transitory”.He did make sure to include some caveats in that the Fed “can’t really know” if the impact will be temporary. However, that is all drowned out by the noise of just one word. And when you bring that back after having been humbled the first time during the…

Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 8,472.91 Indian Rupees (INR) per gram, up compared with the INR 8,452.50 it cost on Wednesday. The price for Gold increased to INR 98,821.50 per tola from INR 98,588.26 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,472.91 10 Grams 84,724.63 Tola 98,821.50 Troy Ounce 263,538.00   Daily Digest Market Movers: Gold price continues to attract safe-haven flows amid trade jitters, geopolitical risks Asian equity markets track the overnight gains on Wall Street, bolstered by the…

Australia’s labor market took a hit in February, with employment falling by 52,800. That’s worse than the expected 30,000 job gain! This also marked a sharp reversal from January’s revised increase of 44,000 jobs. Despite the drop in employment, the unemployment rate held steady at 4.1%, in line with expectations. Other key details from the report: Full-time jobs fell by 35,700 Part-time employment declined by 17,000 The participation rate slipped from January’s record 67.2% to 66.8% Monthly hours worked dropped by 0.4% Annual job growth slowed to 1.9% from 3.5% The composition of job losses is particularly telling. In January,…

Struggling to time your forex trades? You’re not alone. Many traders miss out on profitable opportunities because of bad timing. This can lead to frustrating losses and missed gains. But there’s hope. Mastering forex market news timing can greatly improve your trading success. By knowing global trading sessions and key economic releases, you’ll make better decisions and profit from market movements. The forex market is open 24/5, with different sessions bringing unique chances. From the Asian session’s steady pace to the European and American overlaps’ volatility, each time offers its benefits. By matching your strategy with these market rhythms and…

Missed the longer-term trend line break on NZD/JPY? There could still be chance to catch a quick retest if you’re counting on the reversal to gain traction. Check out this area of interest on the 4-hour time frame: NZD/JPY 4-hour Forex Chart by TradingView A combination of risk-off flows on global trade concerns and hawkish Bank of Japan (BOJ) vibes have kept NZD/JPY on a steady downtrend since last month. The pair had been forming lower highs connected by a falling trend line, before a strong breakout took place a few days back, as New Zealand’s central bank shifted to…

The Federal Reserve maintained its benchmark interest rate at 4.25%-4.5% during its March meeting, keeping policy unchanged for the fourth consecutive month while signaling increased economic uncertainty. The central bank also announced a significant reduction in its “quantitative tightening” program, slowing the monthly cap on Treasury securities runoff to just $5 billion starting in April. Key Takeaways: Fed kept the target federal funds rate unchanged at 4.25%-4.5% The FOMC noted “uncertainty around the economic outlook has increased” Officials now expect slower economic growth of 1.7% in 2025 (down from 2.1%) Inflation projection was revised upward to 2.8% for 2025 Significant…