Author: FX
Remember that channel resistance play that we talked about a few days ago? Well, USD/CHF has already slipped to fresh monthly lows since then. Now it’s bouncing back a bit, which could be the market’s way of giving us another shot at riding the downtrend. Check out USD/CHF’s 4-hour chart! USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar has been losing pips to its counterparts as more traders price in a potentially more dovish Fed decision later this month. The Swiss franc, on the other hand, is soaking up safe haven flows with the Russia-Ukraine conflict dragging on and…
Uncle Sam’s August CPI report is about to drop, and it could show if inflation is finally cooling or still sticky high! With the Fed’s next move on the line, this week’s release could spark fresh swings in currencies, stocks, and commodities. Planning on trading the closely watched event? Here are points you need to know first! 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
The MAC Fibo MT4 Indicator blends two of the most reliable trading tools, moving averages and Fibonacci retracement,s into a single charting solution. The indicator plots Fibonacci levels automatically and overlays them with moving average confirmations. This means traders can quickly see areas where price is likely to react, whether as support or resistance. By adding moving average guidance, it filters out weaker signals and gives a more structured approach to trading. Benefits for Traders One of the biggest benefits of this indicator is time-saving. Instead of drawing Fibonacci levels manually and checking them against moving averages, the indicator does…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…
The major assets were a mixed bag on Tuesday as traders juggled weak jobs data, geopolitical tensions, and shifting rate cut expectations. Stocks rose and gold hit fresh records before easing back, while the dollar staged a late rebound. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Manufacturing Sales for Q2 2025: -0.6% y/y (4.5% y/y forecast; 10.0% y/y previous) Chinese yuan hits 10-month high against dollar amid Fed rate cut expectations and strongest PBOC midpoint setting since November Japan LDP to hold full-scale Presidential election after Ishiba resignation Russia…
The oil market is about to get interesting.Crude prices are higher today but haven’t been able to recover from last week’s drop — which started on rumors of an OPEC+ production increase. The rumors turned out to be true as 137K bpd will hit the market next month.Worse yet, that pace of adding barrels is likely to continue until the full voluntary cuts are upwound (or possibly more than that beyond). This is a good graphic showing spare capacity.Looking at the chart of crude, it’s in a precarious place. The bottom end of the recent range didn’t hold and we…
Gold extends record-breaking rally to a fresh all-time high near $3,675, trading around $3,650 on Tuesday.Markets fully price in a September Fed rate cut after weaker-than-expected NFP, with a 25 bps move seen as certain.XAU/USD is consolidating just below record highs on the 1-hour chart, with RSI divergence signaling momentum fatigue.Gold (XAU/USD) extended its record-breaking rally on Tuesday to a fresh all-time high near $3,675, marking the third straight day of gains before trimming part of its intraday gains. At the time of writing, the yellow metal is trading near $3,650, up nearly 0.50% on the day, edging lower after…
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%.Developing story, please refresh the page for updates.This section below was published as a preview of the preliminary benchmark revision to Nonfarm Payrolls.The BLS will release the preliminary benchmark revision to employment data on Tuesday.Markets widely expect the Fed to lower the policy rate multiple times this year.Standard Chartered analysts think the Fed could opt for a 50 bps rate cut next week.The United States (US) Bureau of…
The BLS preliminary estimate of nonfarm payrolls benchmark revision would:Decrease March 2025 level of employment by -911K or -0.6%.The consensus was for a decline of -682K. Forecast range from -200K to -900KThe revision is the largest on record.In 2024 it showed a revision of -548KTrade transportation -226,000Retail -126,000The data shows a weaker employment picture than previously reported, and certainly would motivate the Fed to cut. It also highlights the data problem that has started to creep into the economic releases.US yields remain higher, with the two-year up 2.2 basis points at 3.517%. The 10-year yield is also up 2.2 basis…
Gold gathers bullish momentum and hit a new record-high of $3,674 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.Gold seems to be benefiting from safe-haven flows amid a new escalation of geopolitical tensions in the Middle East.Several news outlets reported that there were several blasts heard in Qatar’s Doha, specifically over the Katara District in the capital.Shortly after, Israeli media, citing a senior Israeli official, noted that the attack targeted Hamas leadership located in Qatar, including Khalil Al-hayya and Zaher Jabarin. According to Israeli sources, the United States was notified before the…