Share: USD/JPY remains confined in a narrow range through the Asian session on Friday. Traders opt to wait on the sidelines ahead of the crucial US monthly jobs report. The divergent Fed-BoJ policy outlook continues to act as a tailwind for the major. The USD/JPY pair struggles to build on the overnight modest
BoJ Governor Ueda Nikkei is out with a Bank of Japan scoop ahead of Tuesday’s meeting and decision. The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 (starting in March) to the 2% growth range at next week’s meeting The current forecast is 1.9% Today’s Tokyo CPI data
CAD/CHF is about to hit a major support zone! Can the pair bounce despite its uber-bearish downswing? The daily chart may provide some clues: CAD/CHF Daily Forex Chart by TradingView As you can see, back in late September CAD/CHF got rejected at the .6825 area that also happened to line up with a key area
Share: The USD and risk sentiment are the biggest factors driving CAD. Economists at TD Securities analyze Loonie’s outlook. Fading USD/CAD rallies ahead of 1.38 The direction of the broad USD and risk sentiment will dictate the price action of the Canadian Dollar in the near term. We like leaning against the recent
MEASURING VOLATILITY: TALKING POINTS Volatility is the measurement of price variations over a specified period of time. To measure volatility, the Average True Range (ATR) and Volatility Pro indicators are used. Technical Analysis can bring a significant amount of value to a trader. While no indicator or set of indicators will perfectly predict the future, traders can use historical
Share: WTI draws support from concerns about tightening global supply, though the upside remains capped. Investors seem worried that rising interest rates will hamper economic activity and dent fuel demand. Receding fears over potential supply disruptions due to the Israel-Gaza conflict acts as a headwind. West Texas Intermediary (WTI) Crude Oil prices struggle
Going into the fourth quarter, interest rate markets are pricing in a peak in most major central bank monetary policy tightening cycles by the end of this year, if not sooner. Remarks from policy makers across the spectrum point toward future decisions on cash rates being dependent on the incoming economic data. This is somewhat
© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to shield the currency
In the dynamic world of forex trading, having the right tools at your disposal can make all the difference. Among the numerous indicators available to traders, the Average True Range (ATR) MT4 indicator stands out as a valuable tool for assessing market volatility and making informed trading decisions. In this comprehensive guide, we will delve