Author: FX
Scotiabank highlights that the Euro is slightly softer versus the Dollar after touching levels last seen in mid-June, with fundamentals still supportive as yield spreads turn. Spot has nearly converged with their fair value based on the 2-year Germany–US spread. Further EUR/USD gains likely need a shift in relative central bank expectations or improved sentiment, with near-term range seen at 1.1500–1.1600.Euro aligns with yield-spread fair value”The EUR is entering Thursday’s NA session with a fractional 0.1% decline vs. the USD, trading defensively following an overnight push to a fresh local high reaching levels last seen in mid-June.””Fundamentals remain supportive and…
Gold enters August with fresh momentum, but Fed policy, inflation, and real yields could decide whether the breakout has legs. Source link
The dollar’s next move hinges on inflation, while the yen waits for the BoJ !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight USD/JPY traded quietly between 157.27 and 157.87, closing at 157.74, with intraday momentum indicators flat. The pair is expected to stay in a 157.30–158.20 band near term. Over 1–3 weeks, they still see downside risk toward 155.00 and 154.10 as long as strong resistance at 160.00 is not breached.Japanese Yen supported by downside bias”24-HOUR VIEW: Yesterday, we noted that “momentum indicators are turning flat,” and we indicated that USD “could trade in a range between 157.00 and 158.30.” USD subsequently traded within a narrower range than expected (157.27/157.87),…
The UT Bot Indicator MT4 was designed to help reduce that problem by providing clear buy and sell signals based on price action and market volatility. Instead of reacting to every candle, traders receive signals only when price moves beyond a calculated trailing level. That helps filter out some of the market noise while keeping traders focused on stronger moves. No tool is perfect, but many traders find the UT Bot useful as part of a disciplined trading plan. The following sections explain how it works, where it performs well, and how traders can use it more effectively in real…
Mixed labor signals and shifting Fed expectations are setting up Friday’s NFP report as a major test for the dollar. Source link
investingLive Asia-Pacific Financial Market news: Japan, South Korea equities slide !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Silver price (XAG/USD) remains stronger for the fourth consecutive day, trading around $62.20 per troy ounce during the Asian hours on Thursday. The price of the non-yielding Silver gains momentum as news of a deal to partially reopen the Strait of Hormuz pushed oil prices lower, significantly easing broader market concerns surrounding inflation and the outlook for interest rates.The shift comes as Iran and Oman reached an agreement on a temporary shipping route through the strategic waterway, boosting global expectations for increased Middle Eastern energy flows. A joint statement from both nations is currently in its final drafting stages. While…
NZD/USD has been cruising inside a freshly forming ascending channel. Will this trend pattern hold up as the pair stalls near the resistance? Check out these correction levels where more Kiwi bulls could be waiting. NZD/USD 4-hour Forex Chart Faster with TradingView Risk-taking over the past few days appears to be propping this pair higher, along with downbeat U.S. mid-tier employment reports weighing on NFP expectations. The highly anticipated U.S. jobs report could set the tone moving forward, as significantly slower-than-expected hiring could dampen hawkish Fed hopes, while another impressive result could further support the tightening bias. Can NZD/USD still…
The Opening Range Breakout Indicator MT4 was designed to help solve that problem by marking the market’s opening range and highlighting possible breakout opportunities. Instead of guessing where momentum may begin, traders can focus on clearly defined price levels. That approach reduces emotional decisions and improves trade planning. While no indicator can predict every move, this tool gives traders a structured way to identify high-probability breakout setups. The sections below explain how the indicator works, how traders use it in live market conditions, and where it fits into a complete trading strategy.What Is the Opening Range Breakout Indicator MT4?The Opening…