Author: FX
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
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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