Author: FX
Attention shifts to Wednesday’s release of the June ISM Manufacturing Purchasing Managers Index (PMI), one of the most closely followed indicators of activity in the US manufacturing sector and an important barometer of the broader economy.Markets expect the headline index to remain unchanged at 54, matching May’s print. That would be the sixth consecutive month with the index above the key 50.0 level that separates expansion from contraction, suggesting manufacturing activity continues to expand despite ongoing challenges.But the story of the manufacturing sector is only part of the story. The broader US economy has continued to prove impressively resilient thanks…
The Break and Retest Indicator MT4 helps reduce that problem by identifying when price breaks an important support or resistance level and then returns to test it before continuing in the same direction. Instead of chasing fast-moving candles, traders can wait for a more structured setup with better risk control.No indicator can predict every market move, but this one gives traders a clear framework for reading price action. When combined with trend analysis and proper money management, it can improve entry timing and reduce emotional trading decisions. Here’s a closer look at how the indicator works and why many MT4…
House price index 0.0% vs 0.0% m/m expectedPrior -0.6%House price index +2.2% vs +2.4% y/y expectedPrior +1.7%The latest snapshot from Nationwide shows that the annual house price growth in the UK moved up a little in June, but arguably owes to base effects for the most part. That as the monthly figure was flattish, with the average price of a dwelling in the UK even falling slightly to £277,484 from £278,024 in May.The overall market remains more tepid but somewhat resilient despite the complications from the Middle East conflict.Nationwide notes that:”It is not surprising that the market has softened a…
Gold (XAU/USD) attracts fresh sellers following the previous day’s good two-way price swings and weakens further below the $4,000 psychological mark through the Asian session on Wednesday. This marks the third straight day of a slide and keeps the precious metal closer to its lowest level since November 2025, touched on Tuesday. Moreover, a bullish US Dollar (USD), bolstered by uncertainty over US-Iran talks and Federal Reserve (Fed) rate-hike bets, suggests that the path of least resistance for the bullion is to the downside.US negotiators Jared Kushner and Steve Witkoff arrived in Qatar on Tuesday for talks about the implementation…
GBP/NZD is hitting a major resistance zone! Will GBP/NZD stay inside its range? Or will bulls force a bullish breakout? Source link
Uncle Sam drops the June labor market numbers this week, and word around is that we’ll see another month of job gains. Our Event Guide for the U.S. June Non-Farm Payrolls report points to a print that could keep September rate hike expectations alive and keep the dollar bid. If the data backs that view, USD/CHF and USD/CAD could offer cleaner setups for dollar bulls. Source link
Hawkish Fed expectations are running pretty high these days, but what if the June jobs report falls way short of estimates? Our Event Guide for the NFP report points out that a combination of cooling wage growth and slower hiring could be enough for markets to rethink the FOMC tightening timeline. Here’s what I’m looking at on GBP/USD and USD/JPY in this scenario. Source link
Global AI wave revs up Asian factories, offsetting war-induced pain Source link
The Daily Candle Indicator MT4 helps solve this problem by displaying daily candle information directly on lower timeframes. Instead of switching back and forth between charts, traders can instantly see the current day’s price structure while analyzing short-term opportunities. That simple visual reference makes it easier to spot support, resistance, and breakout areas without interrupting the trading process. For traders who rely on intraday setups, this tool adds valuable context that can improve timing and reduce avoidable mistakes.Understanding the Daily Candle Indicator MT4The Daily Candle Indicator MT4 is a technical analysis tool that projects the current or previous daily candle…
The combination of firmer inflation expectations and a sentiment beat across nearly every Tankan category strengthens the case for the BoJ to keep normalising policy, particularly with big manufacturers’ index at 22 against a Reuters poll of 16, one of the larger upside surprises in recent surveys. Five-year inflation expectations holding at 2.6% alongside the one-year reading pushing up to 2.7% supports the view that price pressures are becoming more entrenched rather than transitory, a key input for the BoJ’s reaction function. The capex beat from large firms, against a backdrop of falling recurring profits, suggests companies are willing to…