Author: FX
The Yen trades a fraction under 164.00 on Tuesday, marginally weaker on the day, inside a 30-pip band with a floor above 163.50 and a high a few ticks beneath the standing cycle extreme. That extreme is the currency’s weakest level against the Dollar in four decades, and the pair has now spent three sessions grinding at it without a meaningful pullback.What makes that stillness remarkable is the backdrop it declined to notice. Tuesday delivered the largest single-session equity shock in Asia this year, and the currency that is supposed to be bought when Asia breaks did not move.A haven…
EUR/USD shows early stabilization as momentum turns higher from oversold territory. Will bulls deliver the needed follow-through? Source link
USDCAD cannot extend below the 200 hour MA. Bouncing modestly into the close !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The loudest silver story in July was a shooting war, but the more durable threat was a peaceful election in Peru, a country that digs up close to one silver ounce in six.Silver trades near $59.43 an ounce as I write this, with the gold-silver ratio around 69. That ratio is simply the number of silver ounces it takes to buy one ounce of gold, and it sits near the high end of its historical range, a level long-term buyers read as silver being inexpensive against the larger metal. Silver is up more than 50% from where it stood a…
USDCHF stretches toward resistance but stalls and moves lower. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Australian Dollar (AUD) is balancing stickier-than-expected domestic inflation against broader global market volatility. While upcoming second-quarter inflation data could reignite debate around near-term Reserve Bank of Australia (RBA) rate hikes, a recent pullback in global tech and AI-related stocks has sapped risk appetite, sending the high-beta currency lower. Furthermore, cautious rhetoric from RBA Governor Michele Bullock has tempered expectations for an immediate policy move, leaving markets focused on a potential hike later in the year.AUD/USD daily chart. Source: FXStreet.Hotter CPI forecast keeps RBA rate hike debate aliveAccording to strategists at TD Securities, domestic inflation remains elevated. The bank projects…
Oxford Lane Capital declares $0.20 dividend Source link
The S&P 500 eyes relief rally if the Fed avoids hawkish surprise and US-Iran ceasefire holds !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Asia hit on chip fearsAsia-Pac shares took a battering overnight, with South Korea’s KOSPI leading the regional slide, shedding more than 10% and fast closing in on its March low of 5,042. The rout triggered two separate trading halts and leaves the index down nearly 40% from its all-time high of 9,385 set in June. Chip concerns remain front and centre as markets focus on capex, the circular story in relation to financing, and the Chinese making breakthroughs in the AI space. Two forces are driving the sell-off in Asian indices. First, reports that China is mass-producing its own lithography machines,…
The Trend Finder Indicator MT4 was created to reduce those frustrating situations by helping traders identify the dominant market direction before taking a position.Poor trend identification often leads to emotional decisions. Chasing price, closing trades too early, or holding losing positions for too long can slowly damage both confidence and account balance. A trader who consistently enters against the main trend usually experiences more fake-outs than profitable moves.The Trend Finder Indicator MT4 attempts to simplify trend analysis by filtering market noise and highlighting the prevailing direction. While no technical tool can predict every price movement, it can improve decision-making when…