Author: FX
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United Kingdom (UK) data were mixed, with robust Gross Domestic Product (GDP) offset by softer Industrial Production. From a technical perspective, they argue the early July bull reversal remains intact and see scope for gains toward at least 1.3650.Bull trend targets retest of 1.3650″The GBP is a mild underperformer on the session as markets give back some of yesterday’s solid gains. Investors appear to have been cheered by reports suggesting…
U.S. retail sales rose just 0.2% in June as gas prices fell, but jobless claims dropped and factory activity surged, keeping the Fed’s hawkish rate path intact. Source link
UK GDP grew 0.1% in May 2026, matching forecasts, but only services grew while factories and construction fell, as Britain prepares to change prime ministers. Source link
Details:New orders 37.0 versus 27.3 last monthShipments 33.7 versus 14.9 last monthUnfilled orders 18.1 versus 10.5 last monthDelivery times 9.6 versus 10.8 last monthInventories 0.3 versus 23.0 last monthPrices paid 53.9 versus 53.2 last monthPrices received 27.4 versus 20.3 last monthNumber of employees 10.0 versus 7.9 last monthAverage employee workweek 14.0 versus -6.5 last monthSix-months from now indicators:6 month index 34.4 vs 53.2 last monthCapex index 6-month forward 30.1 versus 41.2 last monthNew orders 35.1 versus 60.8 last monthShipments 39.3 versus 60.3 last monthUnfilled orders 20.9 versus 17.3 last monthDelivery times 9.3 versus 2.5 last monthInventories 12.5 versus 10.0 last…
The Indian Rupee (INR) trades lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows. The continued military aggression between the United States (US) and Iran in the Middle East has disrupted the energy supply again.In the opening trade, the MCX Crude Oil contract expiring on July 20 is up 0.7% to near Rs. 7,664, closer to its monthly high of Rs. 7,832.Currencies from economies, such as India, which rely heavily on oil imports…
Markets treated June’s inflation drop as a turning point, but gasoline, Warsh, and rising oil prices may have made that verdict premature. Source link
GBP/AUD is knocking on a key resistance zone after seeing a sharp upswing in the last trading sessions. Will we see a breakout today? Source link
The Bookmap Indicator MT4 is designed to give traders a better view of market activity by highlighting liquidity and order flow concepts that traditional chart tools may overlook.Missing these details can lead to poor entries, unnecessary losses, and emotional trading decisions. After several losing trades, many traders start chasing the market or exiting winning positions too early. That cycle is difficult to break without better market information. A Bookmap-style indicator helps traders focus on areas where larger participants may be active, making trade planning more structured. Before adding it to a trading strategy, it’s worth understanding how it works, where…
There are just a couple of expiries to take note of on the day, as highlighted in bold below.The first being for EUR/USD at the 1.1475 level. The expiries don’t tie much to any major technical significance but it does sit close to the 2 July high of 1.1472. As such, the expiries could play a part alongside the minor resistance there in keeping EUR/USD price action in check.The currency pair looks to want to come up for air with the dollar dropping further following the softer US PPI data yesterday. So, there is some scope for a further extension…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet.The price for Gold stood at 486.78 Saudi Riyals (SAR) per gram, down compared with the SAR 490.30 it cost on Wednesday.The price for Gold decreased to SAR 5,677.69 per tola from SAR 5,718.71 per tola a day earlier.Unit measureGold Price in SAR1 Gram486.7810 Grams4,867.78Tola5,677.69Troy Ounce15,140.44FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates…