Author: FX
Richmond Fed President Barkin is usually a good barometer on where the core of the FOMC stands.Rate cuts so far have helped insure health of job market while Fed completes “last mile” of returning inflation to target.Economy remains “remarkably resilient.”Given growth, low unemployment rate, hard to imagine either businesses or consumers moving to the sidelines.Rise in productivity suggests firms can bear higher input costs without pressure to raise prices.Firms say demand is fine and are not doing layoffs “at scale.””Significant stimulus” arriving in the form of deregulation, tax and withholding changes.Inflation remains above target, expect more progress.Both job growth and…
The USD/JPY extends its winning streak for the third trading day on Tuesday, trades 0.24% higher to near 156.00 during the European trading session. The pair strengthens on continued US Dollar’s (USD) outperformance, following Kevin Warsh’s nomination for Federal Reserve’s (Fed) new Chairman and the upbeat United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for January.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades close to its weekly high of 97.73.On Friday, US President Donald Trump nominated Kevin Warsh for the succession of Fed’s highest post. The…
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The Fair Value Gap Indicator automates the detection of these price imbalances on MetaTrader 5, highlighting zones where institutional order flow created inefficiencies. Instead of manually scanning charts for three-candle patterns, traders get visual alerts showing potential reversal or continuation zones. Let’s break down how this tool actually works and whether it deserves a spot in your trading arsenal. What Fair Value Gaps Actually Represent Fair value gaps (FVGs) occur when price moves so aggressively that it skips over certain price levels, creating an imbalance. In technical terms, this happens when the high of candle one doesn’t overlap with the…
A currency strength indicator measures the relative performance of individual currencies against a basket of others. Unlike traditional indicators that analyze price action on a single pair, these tools break down the eight major currencies (USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD) and rank their strength independently. Here’s how this changes your perspective: When you look at GBP/USD on your chart, you’re seeing one data stream—the relationship between two currencies. But a currency strength indicator shows you two separate data streams. The pound might be up 0.8% while the dollar is down 0.3%. That’s a very different scenario than…
The Reserve Bank of Australia (RBA) delivered its first interest rate hike since November 2023, raising the cash rate by 25 basis points to 3.85% in a unanimous decision that reflected mounting concern over persistent inflation pressures. The decision marked a dramatic reversal from its August 2025 rate cut, with the Board concluding that “the rate was no longer at the right level to get inflation back to target in a reasonable time frame.” The central bank highlighted that inflationary pressures accelerated through the second half of 2025, driven by stronger-than-expected private demand in both consumption and investment, alongside tighter…
There is arguably just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1850 level. It’s not one that ties too closely to any key technical levels but could help to limit upside extensions later on in the session, if any. The pair has been trending lower this week, now falling back below both its key hourly moving averages. The 200-hour moving average now is the closest at 1.1865, so keep below that and the near-term bias stays more bearish.So, the expiries could just add another layer nearby on any price…
Gold prices rose in Saudi Arabia on Tuesday, according to data compiled by FXStreet.The price for Gold stood at 580.56 Saudi Riyals (SAR) per gram, up compared with the SAR 560.95 it cost on Monday.The price for Gold increased to SAR 6,768.89 per tola from SAR 6,542.82 per tola a day earlier.Unit measureGold Price in SAR1 Gram580.5610 Grams5,803.27Tola6,768.89Troy Ounce18,057.63FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates…
RBA’s February interest rate hike gave the Australian dollar a fresh lift and kept AUD/NZD on track to extend its long-term uptrend. Is the pair on its way to new 2026 highs? Here’s what we’re seeing on the daily time frame: AUD/NZD Daily Forex Chart Faster With TradingView In case you missed it, the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to 3.85% as expected, pointing to surging inflation and a tightening labor market. While policymakers stopped short of clearly signaling more hikes, the overall hawkish tone was enough to push the Australian dollar higher…
Cable has been climbing steadily since December, but looks due for a pullback to nearby support levels. Can the ascending trend line keep losses in check? Better keep tabs on these inflection points on the 4-hour time frame: GBP/USD 4-hour Forex Chart Faster With TradingView All that talk of a dovish Fed and dollar debasement has allowed Cable to stage a steady climb past the 1.3600 barrier last month. Trump’s next Fed Chair pick, however, is seen to be a hawkish candidate who could push for higher U.S. interest rates for much longer. Because of that, GBP/USD has been on…