Author: FX
Gold price weakens upon announcement of an EU-US trade deal.The US Dollar faces resistance ahead of Wednesday’s Fed rate decision, Gold hinges on softer Greenback.XAU/USD trades near $3,310 as bulls struggle to clear $3,400.Gold is trading in a narrow range on Monday, as economic data, easing trade tensions, and the fragility of the US Dollar continue to influence price action.At the time of writing, Gold is trading near $3,310 per ounce, down from earlier highs near $3,345.A US–EU trade deal has been announced, easing tariff risks and reducing demand for safe havens. The deal lowers the baseline tariff on most…
The Euro accelerates its decline on Monday as investors analyze the details of the EU-US trade deal.Eurozone products face a 15% tariff in exchange for strong EU investment and large purchases of energy and military equipment from the US.The US Dollar maintains a moderate positive tone as US data backs the Fed’s hawkish stance.It was buy the rumour, sell the fact for the EUR/USD pair, which accelerated its reversal from last week’s lows on Monday’s Early European session. News that the European Union (EU) finally signed a trade agreement with the United States (US) has failed to provide any significant…
GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strength After posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair’s technical outlook suggests that the bearish bias remains intact in the short term. The US Dollar (USD) outperforms its rivals as fears over an economic downturn in the United States (US) ease. The European Union (EU) and the US announced over the weekend that they have reached a framework trade deal that sets a blanket 15% tariff on goods traded between them. Additionally, European…
Fundamental OverviewThe USD regained some ground in the final part of last week although we haven’t got any meaningful catalyst for the move. Overall, we continue to range as the market is waiting for something new for the next sustained trend. Given that the “short US dollar” is now the most crowded trade, it will take something meaningful to lead the market to expect more rate cuts than currently priced in. On the AUD side, the focus this week will be on the Australian quarterly inflation report due on Wednesday. The market is currently pricing 58 bps of easing by…
The Tango Line MT4 Indicator is a custom technical analysis tool that helps traders identify trend direction and strength. It’s based on a smoothed moving average that reacts quickly to price changes while filtering out market noise. Unlike standard indicators, the Tango Line gives a clean visual of whether the market is trending up, down, or staying flat. It’s especially helpful for short-term and intraday traders looking for precise entries. How It Works on the Chart Once applied to a chart, the Tango Line appears as a colored line that shifts shades depending on the market’s momentum. A rising line…
Morning Bid: US and EU avert tariff bust-up Source link
In 2025, one of the fastest-growing trading practices is prop trading. Based on the concept of funded trading accounts, evolving market trends and technological advancements are important factors in understanding this surge in popularity. The idea is very simple. Prop firm tests traders’ skills and risk management abilities through evaluations. If accepted, they would be in charge of trading with the firm’s resources, sharing a hefty percentage of the profit with the traders. This way, they can manage large accounts, trading on behalf of the firm without risking their personal funds. FundingPips is your go-to prop firm that offers multiple…
Cable is flirting with a key support zone that could open the door to a longer-term reversal in GBP/USD if it gives way. What’s up with that?! The daily chart might give us more clues: GBP/USD Daily Forex Chart by TradingView The British pound took a backseat to the other majors last week, with traders leaning into global trade deal optimism and brushing off growth worries. At the same time, the U.S. dollar ended up the weakest of the bunch as questions around the Fed’s independence swirled, and safe havens got dumped in favor of risk-on plays. Remember that directional…
Central banks take center stage this week with the Fed, BOC, and BOJ meetings potentially shifting global monetary policy dynamics. On top of that, Friday’s U.S. NFP and August 1st tariff deadline will likely determine whether September brings Fed cuts and further USD weakness or renewed dollar strength. Here’s what you need to keep in mind when navigating these market themes! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
!”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here Source link