Author: FX
The US Dollar consolidates ahead of a very important week in geopolitics. Traders brace for headlines that could emerge from Riyadh on a possible breakthrough. The US Dollar Index (DXY) resides and looks for a direction in the mid-106 region. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, consolidates last week’s losses and trades flat at around 106.80 at the time of writing on Monday. The United States (US) economy is no longer an outlier, with several data points and the blood-red January Retail Sales data released last week pointing…
UK offers peacekeeping troops to Ukraine ahead of Paris talks Source link
On Monday, U.S. markets will be closed in observance of Presidents’ Day while parts of Canada will celebrate Family Day. On Tuesday, the focus in Australia will be on the RBA monetary policy announcement. In the U.K., traders will be monitoring the claimant count change, the average earnings index 3m/y and the unemployment rate. Meanwhile, Canada will release its inflation data. Wednesday’s key events include Australia’s wage price index q/q and New Zealand’s RBNZ monetary policy announcement. The U.K. will publish inflation data, while in the U.S., the FOMC meeting minutes will be released. On Thursday, Australia will report its…
West Texas Intermediate (WTI) Oil price advances on Monday, according to FXStreet data. WTI trades at $70.75 per barrel, up from Friday’s close at $70.70. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $74.54 price posted on Friday, and trading at $74.60. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered…
Nikada/iStock Unreleased via Getty ImagesTencent Holdings (OTCPK:TCEHY) shares rose to their highest since 2021 on Monday after the Chinese tech firm said its WeChat messaging app (or Weixin in Chinese) has launched beta testing with Deepseek, joining a growing list of Big Tech majors integrating DeepSeek’s Source link
Australian insurance stocks slide after opposition leader's breakup threat Source link
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This sterling pair has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Are we about to see a breakout soon and which way will it go? GBP/NZD Daily Forex Chart by TradingView GBP/NZD is closing in on its symmetrical triangle support around the 2.1950 minor psychological level just as the U.K. gears up to print top-tier data while the RBNZ decision is lined up. Will these top-tier events spur a triangle bounce or breakdown? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t…
An interest rate cut appears to be in the cards for the RBA this week, but what if the central bank downplays future easing moves? Our Event Guide for the RBA Decision points out that a 0.25% reduction in borrowing costs has been priced in for a while, so there could also be a case for profit-taking if policymakers stay optimistic about inflation. Here’s what I’m watching on GBP/AUD and AUD/NZD if the event seems less dovish. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
Our Event Guide for the RBA’s February decision notes that leading indicators and the Bank’s dovish guidance in December could lead to a 25bps rate cut this week. If the RBA focuses on growth risks and signals more rate cuts ahead, the Australian dollar could lose pips to its major counterparts. Here’s why AUD/JPY and AUD/CAD may offer “cleaner” bearish setups in case the RBA event is net dovish! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited…