Author: FX
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…
The Price Channel Central MT4 Indicator is a technical analysis tool designed to plot price channels based on historical highs and lows. It automatically draws upper, lower, and central lines that define a trading range. These channels help traders see potential support and resistance levels, making it easier to plan entries and exits. The central line acts as the “balance point” between the upper and lower limits of the channel. When the price touches or moves through this middle line, it can signal a shift in momentum. This makes the indicator valuable for traders who use breakout or mean-reversion strategies.…
Kennedy to oust care task force, WSJ reports; HHS says no decision yet Source link
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline.US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations.ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30.The EUR/USD finished the week up by nearly 1% on Friday, yet ended the daily session flat, following economic data from the United States (US) that was worse than expected, but offset by positive trade news. With the Greenback cutting losses, the pair trades at 1.1741 virtually unchanged.Sentiment remains upbeat as the latest trade news suggests that the US and…
What a week for currency traders! While the dollar spent most of the time nursing wounds from Trump’s Fed-bashing antics, the euro quietly claimed the weekly crown as best performer. Japan’s political soap opera—losing that Upper House majority—had the yen doing its own dance, even as a shiny new US trade deal (15% tariffs, anyone?) tried to steal the spotlight. Meanwhile, ECB officials played it cool, keeping rates steady while everyone held their breath for the August 1st tariff deadline. From Swiss franc safe-haven plays to Aussie dollar trade optimism, currencies told quite the story this week. This Article…