Author: FX
Gold (XAU/USD) attracts buyers for the second straight day, though it remains confined within the previous day’s range and trades below the $4,100 mark during the Asian session on Thursday. The US Dollar (USD) gains some positive traction following the previous day’s post-FOMC fall and turns out to be a key factor acting as a headwind for the commodity. Inflation concerns stemming from escalating US-Iran tensions keep US Federal Reserve (Fed) rate hike bets firmly on the table, which, in turn, is seen supporting the USD and capping the non-yielding bullion. As was widely expected, the US Federal Reserve (Fed)…
USD/JPY sits under a fresh high as the Fed held rates as expected while the Bank of Japan (BOJ) is lined up to announce its policy decision. Source link
The Parabolic SAR Arrow Indicator MT4 is a trend-following technical indicator built around the original Parabolic Stop and Reverse (SAR) algorithm. Instead of displaying only the familiar SAR dots above or below price, it adds visual arrows whenever the trend changes direction. These arrows make it easier to spot possible entry points without constantly watching every candle.The indicator works well in trending markets because it attempts to identify when momentum shifts from buyers to sellers or vice versa. Many swing traders use it on the 1-hour, 4-hour, and daily charts where price movements tend to be cleaner than lower timeframes.Unlike…
The Fed held 9-3 with no guidance, Iran struck a U.S. base, and a chip rout hit the S&P. Branch status and Thursday’s core PCE plan inside. Source link
Trump is weighing another two-week campaign of strikes against Iran !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Federal Reserve (Fed) kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting on Wednesday, in line with market expectations.Minutes from the meeting showed that economic activity has been expanding at a solid pace despite elevated uncertainty. The central bank also noted that job gains have “kept pace with the workforce.”The policy vote came at 9-3, with Cleveland, Minneapolis and Dallas Fed Presidents dissenting in favor of a 25-basis-point rate increase.Cryptocurrencies responded quickly to the decision, with major tokens briefly seeing gains following the announcement. Bitcoin (BTC) rose above $64,000 immediately but eased below a…
Pagaya Technologies (PGY) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. The consensus EPS Estimate is $0.72 (+12.5% Y/Y) and the consensus Revenue Estimate is $357.11M (+9.4% Y/Y). Over the last 2 years, PGY Source link
WH Economic Advisor Hassett: Pres Trump has hard regard for Kevin Warsh. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Dow Jones Industrial Average trades just above 51,800 on Wednesday afternoon, down roughly 900 points and 1.7% from Tuesday’s close. The session high just above 52,800 printed before 09:00 GMT, and the tape has sold in one near-continuous line ever since. The 52,000 handle reclaimed on Monday’s peace bid is gone.The war stops being somebody else’s tradeIran’s Islamic Revolutionary Guard Corps launched multiple ballistic missiles at US forces in the Middle East late Tuesday, and Central Command says every one was intercepted. Reporting puts the target at an American base in Jordan. Trump told a television interviewer on Wednesday…
South Korea’s Kospi crashed 6% Wednesday after an 11% drop Tuesday, triggering back-to-back circuit breakers for the first time ever, even as the won kept rising. Source link