Author: FX
As the Bank of Japan (BOJ) prepares to announce its latest policy decision, its likely the Statement will maintain a relatively hawkish stance, reinforcing expectations for a potential rate hike. However, the actual timing of such a move remains uncertain, as it will depend on how policymakers assess market conditions and economic risks at each meeting. While Japan’s economy has shown gradual signs of recovery, particularly in wage growth and inflation dynamics, the BOJ remains cautious about tightening monetary policy too quickly. The central bank ended its negative interest rate policy in March 2024:March 2024: Raised the short-term policy rate…
Forex traders often find it hard to know when to buy or sell. This can lead to missed chances and big losses. Fibonacci retracement helps by showing where prices might bounce back or stop. By using Fibonacci retracement in your trading, you can make better choices. This could lead to better results in your trading. Fibonacci levels are more than just ideas. They work in real trading situations. For example, in an AUD/USD trade, the price hit the 38.2% level, showing strong support. EUR/USD showed resistance at the 38.2% and 50% levels. These examples show how Fibonacci retracements help find…
Ukrainian President Volodymyr Zelensky said late Tuesday that he would support a proposal to stop strikes on energy infrastructure. However, talks about Ukraine without Ukraine will not bring about results.US President Donald Trump and Russian President Vladimir Putin on Tuesday agreed to a partial ceasefire on strikes against energy and infrastructure in their marathon call. Key quotes Zelensky hopes to speak to Trump to receive more details of Putin’s call. Ukraine would support a proposal to stop strikes on energy infrastructure. Kyiv’s partners would not agree to stop military aid, hope it will continue. Talks about Ukraine without Ukraine will…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Mexican Peso weakened 0.14% as risk-off sentiment and profit-taking weigh ahead of the Fed’s policy decision. US data is mixed, with strong industrial production but weak housing figures, while Trump’s trade rhetoric overshadows economic releases. Mexico’s economic slowdown is in focus, with Aggregate Demand and Private Spending data due before Banxico’s March 27 meeting. The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Tuesday as traders brace for the United States (US) Federal Reserve (Fed) monetary policy decision on Wednesday. Data from the US was mixed, though it was overshadowed by US President Donald Trump’s trade…
US officials have recently weighed whether to simplify the task of devising new tariff rates for hundreds of US trading partners by instead sorting nations into one of three tariff tiers, according to sources cited by the WSJ.Trump has repeatedly said reciprocal tariffs would mean “what they charge us, we charge them” but that’s a good talking point but difficult in practice because trade is often unbalanced and includes products that don’t travel both ways.Critically, that proposal only included ‘low, medium and high’ tariffs; not a tier with no new tariffs.However the report also has this detail:Officials discussed several proposals,…
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), climbed to 2.6% on a yearly basis in February from 1.9% in January, Statistics Canada reported on Tuesday. This reading came in above the market expectation of 2.1%. On a monthly basis, the CPI rose 1.1% after increasing 0.1% in January. The core CPI, which excludes volatile food and energy prices, rose 0.4% on a monthly basis, matching January’s increase. Finally, the Bank of Canada’s core CPI increased by 2.7% on a yearly basis after rising 2.1% in January. Market reaction to Canada inflation data The Canadian…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Do you struggle to guess when to trade currencies? Forex traders often find it hard to time their trades right. The currency markets can be very unpredictable, leading to missed chances and big losses. But, there’s a way to get better: using forex market cycles analysis. This tool helps traders find when to switch directions, figure out where the market is going, and aim for profits. By learning about these cycles, you can trade currencies more confidently and accurately. Studying patterns in financial markets is key to currency analysis. These patterns, or market cycles, can last from a few months…
The Indian Rupee edges lower in Tuesday’s early European session. Higher crude oil prices undermine the INR, but US Dollar sales from foreign banks might cap its downside. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) softens on Tuesday. A rise in crude oil prices amid the escalating geopolitical tensions in the Middle East weighs on the local currency. It’s worth noting that India is the world’s third-largest oil consumer and higher crude oil prices tend to have a negative impact on the INR value. Nonetheless, the US Dollar (USD) sales from foreign…