Author: FX
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…
USD/CHF looks ready to retest a key resistance zone! Think the pair will extend a months-long downtrend? We’re taking a closer look at the daily time frame: USD/CHF Daily Forex Chart Faster with TradingView The U.S. dollar led the pack on Wednesday, helped along by hotter import price data that kept the “higher for longer” rate narrative alive. The Swiss franc, on the other hand, told a more mixed story. Safe haven demand from U.S.-Iran tensions gave it some support, but gains were capped as the Swiss National Bank stepped in with renewed intervention threats. Will the market themes continue…
CrowdStrike expands IBM tie-up for AI-driven SOC operations Source link
If you’ve been waiting for the Federal Reserve to finally cut interest rates and give your mortgage or credit card balance some relief, the latest data from the U.S. Bureau of Labor Statistics (BLS) just delivered a cold shower. Financial markets are buzzing about a “double-whammy” of data released this week. First, U.S. Import Prices for February surged by 1.3%, more than double what economists expected, and the sharpest jump in nearly four years. Second, a key measure of domestic inflation—Unit Labor Costs—was revised drastically higher to 4.4% for the final quarter of last year. What makes this truly alarming…
Trade ministers meet in Cameroon for critical WTO reform talks amid deep divisions Source link
NZD/JPY is still stuck in its holding pattern, but it looks like the triangle formation is approaching breakout conditions. Which way will the pair go? Better keep tabs on these crucial inflection points and potential targets on the 4-hour time frame: NZD/JPY 4-hour Forex – Chart Faster with TradingView Shifting market sentiment on account of the geopolitical back-and-forth in the Middle East has been keeping traders on edge for the last few weeks. The resulting energy crisis has also kept central banks’ hands tied, forcing the likes of the RBNZ and BOJ to choose between a rock and a hard…
The Office for National Statistics confirmed that the UK headline CPI remained unchanged at 3.0% in the twelve months to February, landing broadly in line with expectations. Core CPI edged higher to 3.2%, a signal that underlying domestic price pressures have not fully dissipated. Key Takeaways CPI (12-month): 3.0% in February 2026, unchanged from January 2026 Core CPI ticked up to 3.2% from 3.1% versus expectations of holding steady Services inflation eased slightly to 4.3% from 4.4% — the lowest reading since March 2022 Goods inflation held steady at 1.6%; clothing & footwear was the largest upward contributor to the monthly…
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
The MT4 Renko Indicator is a custom tool for MetaTrader 4 that builds Renko charts based on price movement rather than time. Each “brick” forms only after price moves a set number of pips. Time doesn’t matter. A brick can take five seconds or five hours to form. Traditional candlestick charts print a candle every minute, hour, or day. Renko charts only print when price actually moves. If EUR/USD goes sideways for three hours within a 10-pip range, a Renko chart may show nothing new at all. That’s why many traders use Renko as a trend-clarifying tool. It strips away…
The Australian Dollar begins Thursday’s session with minuscule gains of 0.04%, after posting losses of 0.68% on Wednesday, courtesy of broad US Dollar strength, despite improved risk appetite. At the time of writing, the AUD/USD trades at 0.6950.Aussie pares losses after softer Australian inflation, but broad US Dollar strength keeps upside limitedGeopolitics are driving the financial markets’ narrative, as each new headline keeps investors uneasy amid information about the US-Iran war, shifting the markets’ mood. Growing speculation about the start of US-Iran talks to end the war in the Middle East pushed US equities, the US Dollar and Gold prices…