Author: FX
Fundamental OverviewThe USD regained some ground in the final part of last week although we haven’t got any meaningful catalyst for the move. Overall, we continue to range as the market is waiting for something new for the next sustained trend. Given that the “short US dollar” is now the most crowded trade, it will take something meaningful to lead the market to expect more rate cuts than currently priced in. On the AUD side, the focus this week will be on the Australian quarterly inflation report due on Wednesday. The market is currently pricing 58 bps of easing by…
The Tango Line MT4 Indicator is a custom technical analysis tool that helps traders identify trend direction and strength. It’s based on a smoothed moving average that reacts quickly to price changes while filtering out market noise. Unlike standard indicators, the Tango Line gives a clean visual of whether the market is trending up, down, or staying flat. It’s especially helpful for short-term and intraday traders looking for precise entries. How It Works on the Chart Once applied to a chart, the Tango Line appears as a colored line that shifts shades depending on the market’s momentum. A rising line…
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
!”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here Source link
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