Author: FX
The EURUSD continues to slide lower after breaking below a key support zone between 1.15768 and 1.15872. That floor had held firm since May 20, with the pair finding support within the area on four separate trading days between May 20 and May 28. The decisive break below that zone shifted the technical bias more firmly in favor of the sellers.The move lower began earlier today when the pair broke beneath several important technical levels in quick succession, including the 200-hour moving average at 1.1628, the 100-hour moving average at 1.1620, and an upward-sloping trendline near 1.1600. Those breaks opened…
Gold (XAU/USD) edges lower on Friday after the US Nonfarm Payrolls (NFP) report beat expectations, boosting the US Dollar (USD) and reinforcing expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. At the time of writing, XAU/USD is trading around $4,370, its lowest since March.The US economy added 172K jobs in May, well above expectations of 85K. Meanwhile, April’s payroll figures were revised higher to 179K from 115K, while the Unemployment Rate held steady at 4.3%.Following the data, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, climbs…
VV Shots Microsoft (MSFT) said on Friday that LinkedIn co-founder Reid Hoffman will leave the company’s board of directors and not stand for reelection at the company’s 2026 annual shareholder meeting. Hoffman has been a member as an independent director since 2017. His Source link
Analysis-Turkey targets more defence sales as West rearms, alliances shift Source link
A good trading run can mess with your head, especially when pressure, ego, and fear start hijacking your next move. Source link
The broader market mood is once again looking more mixed, in trying to digest US-Iran developments this week. But in the context of US equities, there is a different narrative running as we saw a sharp selloff in semiconductor stocks yesterday.Dip buyers managed to salvage things right before the close but there were still some steep losses for the likes of Broadcom (-12.6%) and Micron (-7.7%). And we’re seeing more of that once again today, with Nasdaq futures down 0.9% but Dow futures being up by 0.2% as the rotation into value sectors continue to play out.In pre-market trading, Broadcom…
S&P slams the hatchFor months, Wall Street had been treating SpaceX’s eventual S&P 500 inclusion as a foregone conclusion. The assumption was simple. Launch the largest IPO in history, wait six months, then stand back as an estimated $14 billion wave of passive money flooded into the stock.On Thursday, S&P Dow Jones quietly pulled the emergency brake.In a move that caught much of the market off guard, S&P rejected proposals that would have accelerated entry for mega-cap IPOs. The index keeper decided not to shorten the 12-month seasoning period, not to waive profitability requirements, and not to relax public float…
The Quantum Trend Sniper Indicator MT4 aims to solve this exact issue. By combining trend direction, momentum, and volatility into a single visual tool, it highlights high-probability entry points and helps traders avoid chasing price. It’s designed for precision without cluttering your chart, giving you confidence when executing trades. Traders using this indicator on GBP/JPY during London sessions noticed clear buy signals aligning with trend pullbacks, reducing missed opportunities. That said, understanding how it works and adjusting settings per currency pair is crucial for consistent results. Let’s break down how this tool operates, its practical applications, and what to watch…
WTI swung $9 on headlines that never moved a single barrel. Let’s break down what that means for currency traders. Source link
USD/CAD sits right at a long-term Fibonacci level as both the U.S. and Canadian jobs reports land on the same day. The Greenback has been gaining strength all week while the Loonie has been losing ground. Will the top-tier economic reports make or break this trend? Here’s what we’re seeing on multiple time frames. Source link