FX reserve managers react to, not drive dollar moves, StanChart says

The Japanese Yen (JPY) remains on the back foot against a broadly firmer US Dollar (USD) through the Asian session on Monday and seems vulnerable to slide further amid concerns about Japan’s ailing fiscal position. Moreover, the growing acceptance that the Bank of Japan (BoJ) would delay raising interest rates on the back of Prime…

We’ve played and that’s enough. The markets went from chaos and panic with TACO in just a couple of days. The failure of the S&P 500 was redeemed, Treasury yields fell, and the US dollar strengthened on Donald Trump’s statement that there was some kind of framework agreement on Greenland with NATO. He is not…

While identifying the direction of a trend is important, knowing how strong that trend is can provide an additional edge. This is where the average directional index (ADX) comes into play. The ADX is a technical analysis tool that helps traders gauge the strength of a trend, regardless of whether the market is moving up…

Let’s talk about Easter fashion, shall we? Easter has always felt like the unofficial red carpet of springtime. The flowers bloom, the sun (finally!) shows up again, and everyone’s wardrobe suddenly shifts from “Why is it still cold?” to “OMG, soft pastels!” I don’t know about you, but every year, I treat Easter like my…

The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases. Source link

Keir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders Good morning. Keir Starmer has welcomed the ceasefire agreement between the US and Iran. Here is Andrew Roth’s story about the overnight news. And this is what Starmer has said, in a statement issued by No 10 this morning. double…