Author: FX
Tuesday’s Economic Calendar Source link
Is the trend still our friend on AUD/JPY? The pair is sitting on a confluence of support levels visible on its 4-hour time frame. Check out these potential inflection points. AUD/JPY 4-hour Forex Chart Faster with TradingView This Aussie pair has been cruising higher since late January, forming higher lows connected by an ascending trend line that’s currently being tested ahead of the Australian CPI release. This area happens to be right in line with a bunch of other technical levels, which could attract buyers to sustain the climb. Or is AUD/JPY gearing up for a breakdown and reversal? Remember…
Interest rate hike expectations are running pretty high for the RBA, so a hotter inflation print could seal the deal for May. Our Event Guide for Australia’s CPI notes that underlying metrics like services inflation could already reflect sticky price pressures, even before energy costs surged during the US-Iran war. Here’s what I’m watching on AUD/CHF and AUD/CAD if this happens. Source link
GBP/USD is knocking on a key range resistance area. Will Cable turn lower as it did on previous retests, or are we finally looking at a potential breakout in the next couple of days? Let’s zoom in on the 4-hour time frame: GBP/USD 4-hour Forex Chart Faster with TradingView The U.K. CPI is due this week, and traders may largely shrug off a cooler print as they focus on pricing in March’s oil shock. But if U.S.-Iran tensions continue to ease or U.K. PMI data disappoints, then Sterling could come under pressure again as markets shift back toward pricing in…
Australia is about to drop its last CPI report untouched by the oil price shock! Our Event Guide for Australia’s February CPI Report suggests that, after the RBA’s hawkish hike last week, any downside reaction in AUD may be limited. Here’s why AUD/USD and EUR/AUD are the setups to watch if inflation comes in as expected or slightly cooler. Source link
Earlier:PBOC is expected to set the USD/CNY reference rate at 6.8840 – Reuters estimatePBOC inject 17.5bn yuan in 7-day reverse repo OMO at 1.4% (unchanged rate) This article was written by Eamonn Sheridan at investinglive.com. Source link
San Francisco Federal Reserve Bank President Mary Daly said that unless the Iran conflict resolves quickly and the central bank can simply “look through” a temporary increase in oil prices, it is not clear what the next move on interest rates will need to be, Reuters reported on Monday.Key quotesThere are at least two possible paths for the economy.Protracted conflict may amplify monetary policy tradeoffs. Fed needs to stay flexible on monetary policy given risks.Too much forward guidance risks a false sense of certainty.Economy impact would be short-lived if the war resolves quickly.Recognising uncertainty is optimal communication.Policy is in a good…
Oil States selects CFO Hadjik as new President and CEO with Taylor set to retire Source link
Monday’s session was defined by an extraordinary intraday reversal in risk sentiment, as President Trump’s announcement of a five-day postponement to planned strikes on Iranian energy infrastructure triggered a sharp unwind of the geopolitical risk premium that had gripped markets since the weekend. WTI crude oil swung more than $15 per barrel in either direction before settling roughly 9% lower on the day, while equities pared deep early losses to close modestly higher and the U.S. dollar reversed its early safe-haven bid to close with a net bearish lean against most major currencies. Check out the forex news and economic…
Gold was so wildly overdue for a correction. I think it is a very good opportunity to gold, commodities at this levelOur inflaiton model shows we are heading to 3.5% inflation I don’t think we will get a hike with the current structureThe private credit market remain very murkyI don’t think investors should be calling for a rate cut.The market is in a reevaluation phaseI don’t think the Fed will hike rates, and I certainly don’t think they will cut rates at the next meeting Not terribly enthusiastic about credit market or stocks at this.Would like to see the VIX…