Author: FX
May 04, 2026, 2:56 PM ETUnited States Oil Fund LP ETF (USO), BNO, ITA, EWYUCO, DBO, UNG, USL, UNL, BOIL, OILK, CO1:COM, CL1:COMBy: Max Gottlich, SA News EditoradditionalLabelAlones CreativeU.S. President Donald Trump said Monday that Iran has fired on ships from “unrelated nations” during a new U.S. military effort to escort vessels through the Strait of Hormuz, including a South Korean cargo ship. He suggested South Korea should join the mission in response. Source link
Japan’s suspected yen intervention could ripple beyond USD/JPY, affecting U.S. Treasury yields, stocks, and beta currencies. Learn what traders should watch next. Source link
Sector OverviewThe technology sector is experiencing a significant upward momentum with notable gains, particularly in software and infrastructure. Microsoft (MSFT) leads with a noticeable increase of 1.26%, while Oracle (ORCL) impressively surges ahead by 5.54%. Meanwhile, the semiconductor space presents a mixed picture; Micron Technology (MU) leaps by 7.29%, countered by declines in Broadcom (AVGO) down 1.13% and Nvidia (NVDA) slipping slightly by 0.38%.Conversely, the communication services sector struggles with Google (GOOGL) losing 0.94% and Meta Platforms (META) decreasing by 0.48%. The consumer cyclical space paints a brighter picture as Amazon (AMZN) gains 1.38%, suggesting buoyant sentiment in internet retail.Market…
BNP Paribas economists expect the United States (US) economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation at 3.3%, while the Fed Funds target range is seen steady at 3.5%-3.75%. They project a gradual US Dollar (USD) depreciation against the Euro (EUR), with EUR/USD forecast at 1.21 by Q4 2026 and 1.25 by Q4 2027.Gradual depreciation path versus Euro”The US economy is expected to grow above its potential in 2026, with an average annual growth rate of 2.4%, a yearly improvement (up from 2.1% in 2025).””Inflation overshooting is set to continue (3.3% in…
Most Strait of Hormuz shipping at a standstill despite latest US pledge Source link
The latest ECB Survey of Professional Forecasters (SPF) showed a complex environment for the Eurozone economy in the short-term, characterized by higher inflationary pressures and softening growth. Professional forecasters have adjusted their expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), projecting a rate of 2.7% for 2026 and 2.1% for 2027. These figures represent upward revisions from the previous quarterly survey. Looking further ahead though, expectations for 2028 remain steady at 2.0%, aligning with the ECB’s medium-term target.Core inflation expectations, which provide a clearer view of underlying price pressures by stripping out volatile energy…
The standard zigzag indicator built into MetaTrader 4 connects significant price highs and lows with straight lines, filtering out smaller moves below a set percentage threshold. It’s useful for visualizing market structure at a glance. But here’s the catch — MT4’s default zigzag repaints heavily. The most recent leg is always provisional, updating with every new tick until a reversal of sufficient size confirms the prior swing. A non repaint zigzag indicator MT4 tool works differently. It waits for confirmation before plotting a swing point. Instead of drawing a tentative line that adjusts in real time, it only marks a…
MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these efforts mirror past interventions in 2022 and 2024. MUFG’s base case is for two Bank of Japan (BoJ) rate hikes and a gradual USD/JPY move toward 152.Authorities lean on intervention and BoJ hikes”In particular, USD/JPY fell sharply from a peak of closer to 160 to slightly below 157 at the time of writing, with likely FX intervention on Thursday evening Asia time to help to push down USD/JPY.””Estimates by market…
After USD/JPY tested the yen-tervention line in the sand above 160.00 last week, the Japanese government quickly stepped in to drag it back down. Japan’s Ministry of Finance had reportedly spent around ¥5.5 trillion (approximately $35 billion) in its third major intervention campaign since 2022, and markets seem to be bracing for more. Here’s exactly how currency intervention works, why it keeps happening, and which warning patterns forex traders should watch out for. Source link
Inflation was supposed to be yesterday’s problem. Then an oil shock changed every central bank’s plans at once. Source link