Author: FX

AUD/USD has been cruising higher with its rising lows and highs inside an ascending channel and looks ready for a pullback. Here are the potential support zones that could attract more buyers. AUD/USD 4-hour Forex Chart by TradingView Improving global trade sentiment has enabled this Aussie pair to trend higher inside a rising channel since May while the RBA’s surprise decision to hold in July gave an extra boost. AUD/USD is hitting a ceiling at the top of its channel near R1 (.6630) while traders brace for the upcoming Australian quarterly CPI report, putting the pair in correction mode. Can…

The CCI on Step Channel MT4 Indicator is a custom technical tool that merges the power of the Commodity Channel Index (CCI) with a step-like price channel. It plots price movements within rising or falling steps, while the CCI helps detect overbought or oversold conditions. This combination helps traders identify potential reversals or trend continuations in a visual and simplified way. The step channel acts like a staircase, showing clear boundaries of price movement, and the CCI adds strength by confirming momentum shifts. Together, they give a solid view of whether the market is ready to change direction or continue…

Australia is ready to print its quarterly inflation report soon, and traders are keen to find out if the numbers can impact the RBA’s policy stance. Recall that the central bank recently surprised the markets with a decision to keep rates unchanged instead of easing in July. Here’s what to expect for the upcoming CPI release. 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

Emergency crews and the Bomb Squad are actively investigating a suspicious package near the White Housemultiple street closures in the areaAuthorities urging the public to avoid the vicinity This is an old pic, probably unrelated 😉 This article was written by Eamonn Sheridan at investinglive.com. Source link

Reaction to US and EU trade deal Source link

Although, there are already reports that the US and China will extend the tariff pause for another 3 months, US Commerce Secretary Howard Lutnick on Sunday news programs said that the tariffs would go into effect on August 1. No more extensions (well, except for China?)He also said the European Union must open its markets to U.S. exports if it wants President Trump to reconsider the 30% reciprocal tariffs set to take effect on August 1. Lutnick indicated that Trump is open to a deal, but currently sees only a 50-50 chance of reaching one. He emphasized that it depends…

Israel announces daily pauses in Gaza fighting as aid airdrops begin Source link

China's industrial profits fall further in June Source link

The Guppy Long and Short MT4 Indicator is a technical tool based on the Guppy Multiple Moving Averages (GMMA) strategy. It uses two groups of exponential moving averages (EMAs): one for short-term trends and another for long-term trends. The short-term EMAs help identify early entries, while the long-term EMAs confirm the strength and direction of the overall trend. When the short-term lines cross above the long-term ones, it’s often a sign that a new uptrend is forming—and vice versa for downtrends. Why Traders Use This Indicator Traders like the Guppy Long and Short Indicator because it gives them a visual…

With the ECB holding rates steady and President Lagarde emphasizing that the economy is in a “good place,” markets navigated the delicate balance between optimistic economic assessments and lingering concerns over EU-US trade negotiations. Let’s examine which pairs from our watchlist made sense to move forward on, and how they performed in this environment of moderate conviction and mixed fundamental drivers. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow…