Asia FX firms as US rate cut bets, dollar weakness persist despite sticky CPI

Amid the war in the Middle East, oil prices have broken to the upside, trading at their highest levels since June 2022. As a result, oil-traded ETFs are also at multi-month highs. So, what price action should traders expect for USO in the coming weeks? USO (United States Oil Fund) is an exchange-traded fund (ETF)…

The Australian dollar is drifting on Tuesday after three straight days of gains.  In the European session, AUD/USD is trading at 0.63671, up 0.09% on the day. RBA lowers rates to 4.1% The Reserve Bank of Australia cut the cash rate by a quarter-point on Tuesday to 4.10%.  The decision was widely expected and the…

The Gold-to-CPI ratio, a key indicator of gold’s purchasing power relative to inflation, has recently reached a new all-time high. This milestone reflects gold’s enduring role as a hedge against inflation, but it also serves as a reminder of the complex forces driving rising costs in today’s economy. What Is the Gold-to-CPI Ratio? The Gold-to-CPI…

Did the U.S. manufacturing sector extend its stay in growth territory for February? Or was the January pickup just a fluke? Traders are likely to look closely into the jobs and inflation components to get a better picture of what’s really going on in the industry. Here’s what to look out for in the upcoming…

The Pinbar Detector MT4 Indicator is a technical tool designed to automatically scan your charts for pinbar patterns—candlesticks known for signaling market reversals. A pinbar has a small body and a long tail, usually appearing after a strong trend. This indicator highlights these candles with arrows or symbols, making them easy to see even in…