Author: FX
Gold is poppin’ up green candlesticks near an established support zone! Think we’ll see another long-term bounce from the yellow metal? The 4-hour chart might give us more clues! Gold (XAU/USD) 4-hour Forex Chart by TradingView Gold has quietly taken a backseat as demand for the U.S. dollar picked up in recent sessions. Easing tariff concerns, stronger-than-expected data, and a pullback in Fed rate cut expectations have all worked in the Greenback’s favor. However, that trend may not last. With a new trading month underway, traders may take a closer look at the economic fallout from higher tariffs and what…
Markets had plenty to chew on Wednesday as fresh GDP and inflation data collided with a hawkish Fed and Powell’s press conference. Traders responded with sharp moves across currencies, equities, and commodities as rate cut hopes took a hit. Here are headlines you may have missed in the last trading sessions! Headlines: An 8.8-magnitude earthquake struck Russia’s Far East coast, prompting tsunami alerts across the Pacific New Zealand ANZ Business Confidence for July 2025: 47.8 (48.0 forecast; 46.3 previous) AUD Tumbles After Australia’s Q2 2025 CPI Miss Spurred RBA Rate Cut Expectations France GDP for Q2 2025: 0.3% q/q (0.2%…
As widely expected, the Bank of Canada (BOC) kept interest rates unchanged at 2.75% in July, marking its third consecutive hold as policymakers grapple with persistent U.S. trade uncertainty and mixed domestic economic signals. This decision came as Governor Tiff Macklem acknowledged that tariffs are causing permanent economic damage, stating that while growth will resume, “it’ll be on a permanently lower path.” Key Points from BOC’s Event: Rate unchanged: Overnight rate held at 2.75%, with Bank Rate at 3% and deposit rate at 2.70% Trade uncertainty persists: U.S. tariffs “still too unpredictable” to provide single economic forecast Economic contraction: Q2…
Dollar traders are about to cap off this event-filled trading week with yet another major U.S. release, as the July non-farm payrolls report could shake things up on Friday. Market expectations are pointing to a slower pace of hiring for the month, possibly putting the latest FOMC statement into perspective and spurring big moves for USD pairs. Here’s what to look out for when trading this top-tier catalyst. 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…
EUR/CHF has been stuck inside a descending triangle on its daily time frame, and the pair is closing in on the bottom. Will it go for another bounce off support? Take a look at these long-term inflection points! EUR/CHF Daily Forex Chart by TradingView This euro pair has been forming lower highs since July 2024 and finding support at the .9250 minor psychological mark, creating a descending triangle formation that has been holding for more than a year already. Price looks ready for another test of the triangle bottom near S2 (.9240) while technical indicators are pointing to a pickup…
The Federal Reserve maintained its benchmark interest rate in the 4.25%-4.50% range in their July policy meeting while Chairperson Jerome Powell dropped some hawkish remarks during the press conference. Two Fed governors—Christopher Waller and Michelle Bowman—voted for an immediate 25 basis point rate cut, marking the first time two Washington-based Board governors formally dissented since December 1993. Their opposition highlighted growing internal tensions over the Fed’s approach to balancing employment and inflation concerns amid an uncertain economic outlook. Key Takeaways from July FOMC Statement Rates unchanged: Fed funds target range held at 4.25%-4.50% for fourth consecutive meeting Economic assessment: Committee…
US Commerce Secretary Lutnick: Made trade deals with Cambodia and ThailandLutnick announcing in a Fox News interview.Countries getting in before the August 1 deadline. Earlier:Trump announces a trade deal with South KoreaTrump announced a trade agreement with South Korea earlier – recap ICYMI This article was written by Eamonn Sheridan at investinglive.com. Source link
The Prime Levels Black MT4 Indicator is a specialized tool that directly draws high-probability support and resistance levels on your chart. These levels are based on past market behavior and price reactions, making them more reliable than random guesswork. Unlike traditional horizontal lines, this indicator uses a clean and minimal design, with a black theme that’s easy on the eyes and perfect for long trading sessions. It works with all major forex pairs and can be used on multiple timeframes, giving traders flexibility in planning their trades. How It Helps Traders Make Better Decisions One of the biggest advantages of…
After close, both Meta and Microsoft announced their earnings in both the handling on the top and bottom linesMeta Platforms (META) Q2 2025: EPS $7.14 (BEAT; exp. $5.85), Revenue $47.52B (BEAT; exp. $44.87B)Microsoft (MSFT) Q2 2025: EPS $3.65 (BEAT; exp. $3.35), Revenue $76.44B (BEAT; exp. $73.76B)Intelligent Cloud: $29.88B (BEAT; exp. $29.1B)More Personal Computing: $13.5B (BEAT; exp. $12.64B)Productivity & Business Processes: $33.1B (BEAT; exp. $32.2B)Both Meta and Microsoft delivered strong beats across the board, with Meta surprising to the upside on EPS by a wide margin. Microsoft’s strength was broad-based, with all major business segments topping estimates—highlighting continued resilience in cloud,…
The France finance minister is on the wires saying: EU negotiation strategy may not have shown enough vigourit is incorrect to claim the UK secured a better deal than the EUFrance has been more critical of the trade deal. Earlier French president Macron said: EU’s framework tariff trade deal with the US is unbalanced: it has some good aspectsExpects further talks to come over EU’s framework of tariffs trade deal with the US.On EU -US framework, the trade deal says it is more important than ever before to speed up Europe’s move to become more sovereign.To be free, you need…