Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus

Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus
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Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus
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The euro is showing limited movement ahead of the ECB rate decision later today. EUR/USD is trading at 1.0879 in the European session, up 0.10% on the day. ECB likely to cut, but then what? Barring a huge surprise, the European Central Bank will cut its deposit rate later today. The ECB has maintained the…
The U.S. dollar is reaching new highs, driven by rising bets on Trump’s potential success in the upcoming election, which has renewed its appeal as a safe-haven currency. Over the past week: The USD/CAD pair strengthened above 1.3900, USD/JPY nearly tested the 154.00 level, USD/CHF is showing signs of a “double bottom” pattern. USD/JPY The…
During major global crises, financial markets stop behaving normally. Investors abandon growth strategies. Liquidity becomes more valuable than returns. Capital moves quickly, and one trend appears again and again. Dollar Strength During Global Crisis becomes visible across currencies, commodities, and capital flows. This reaction does not mean the U.S. economy escapes damage. Instead, markets respond…
Totality (ex-Saxo Australia) appoints new CEO This week, Totality, formerly known as Saxo Australia, appointed Rasmus Korfits as its new Chief Executive Officer. His promotion comes about a year after the brokerage underwent a change in majority ownership. Korfits has been with the company for more than seven years, making the appointment an internal promotion….
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the European Investment Bank Chief Economists’ Meeting Luxembourg, 16 September 2024 Introduction My aim today is to cover two topics. First, I will briefly explain our decision last week to lower the deposit facility rate – the rate through which…
Introduction The CandleStick Pattern Pro EA MT5 is a sophisticated Expert Advisor that harnesses the power of candlestick pattern recognition combined with advanced volatility filters and multi-timeframe confirmation to deliver consistent trading results. This innovative trading robot analyzes natural price action behavior to identify high-probability trade setups across various market conditions. Developed with precision and…