Dollar weakens on banking concerns; set for hefty weekly loss

Introduction to Kintsugi Algo EA Kintsugi Algo EA is a specialized forex trading tool engineered exclusively for the USD/JPY currency pair. Combining day trading and scalping tactics on the M5 chart, it leverages a proprietary “anomaly-based” strategy. This review dissects its mechanics, strengths, and limitations while maintaining neutrality about its suitability for traders. Technical Specifications…

By Henry Maher, University of Sydney  After months of speculation, US President Donald Trump confirmed he will be nominating Kevin Warsh as the next chair of the US Federal Reserve. The appointment has been closely watched in the context of Trump’s ongoing conflict with the Fed and its current chairman Jerome Powell. The immediate reaction…

In the currency markets, the yen continues to lose ground rapidly. The sharp decline began on Monday when the USD/JPY pair opened with a price gap and consolidated above 149. It has since extended its rise, approaching 150.10 — its highest level since August. The move followed Sanae Takaichi’s election as the new leader of…

GBPUSD: GBP/USD extended its decline to 1.3625 during Asian trading on Thursday. UK bonds experienced their biggest sell-off since October 2022, after the UK government’s decision to cut benefits and concerns over the future of the finance minister. Rising market concerns over the UK’s debt position could put pressure on the Cable in the near…

Expectations for sticky, elevated Australian inflation have traders looking for bullish Australian dollar setups. Our Event Guide for Australia’s November CPI Report suggests this week’s data could push Reserve Bank of Australia members closer to talking about rate hikes. If the November CPI remains hot as expected, setups like AUD/JPY and AUD/NZD may…