Author: FX
West Texas Intermediate (WTI) US Oil trades around $65.40 per barrel on Thursday at the time of writing, little changed on the day, after two consecutive days of losses. Crude Oil prices stabilize as markets assess the balance between geopolitical risks in the Middle East and signals of excess supply in the United States (US).Attention is focused on the third round of nuclear talks between the US and Iran, held in Geneva. US President Donald Trump recently raised the possibility of military action if negotiations fail, while Tehran warned that US military bases in the Middle East could become legitimate…
The Japanese Yen (JPY) faced a bruising sell-off this week, retreating sharply against all major counterparts as a one-two punch of political interference and dovish personnel shifts cast doubt on the Bank of Japan’s (BOJ) path toward interest rate normalization. After months of markets pricing in a steady climb out of the negative-rate era, the narrative shifted abruptly this week, suggesting that the “Ueda era” of independence may be facing its most significant challenge yet from the Prime Minister’s office. Why BOJ Rate Hikes Matter for the Yen When a central bank raises rates, its currency usually strengthens because investors…
The big story in the equities market came after the close yesterday, with Nvidia delivering a major beat in their earnings report across the board. That saw shares of the tech giant rose by over 3% for a brief period in after-hours trading before settling with more modest gains. In turn, broader market sentiment also retreated and that’s making for a more tepid mood seen in Asia and early European morning trade thus far.S&P 500 futures are down 0.1% currently, with Nasdaq futures also down 0.1% on the day. As we look to the open later, Nvidia shares are now…
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $87.50 per troy ounce, down 1.00% from the $88.38 it cost on Wednesday.Silver prices have increased by 23.09% since the beginning of the year.Unit measureSilver Price Today in USDTroy Ounce87.501 Gram2.81The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 59.20 on Thursday, up from 58.29 on Wednesday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange.…
The Follow Line MT5 indicator offers a different approach. This dynamic support and resistance tool adapts to price momentum while filtering out minor fluctuations. It changes color based on trend direction, giving traders a visual roadmap that’s clearer than stacking multiple moving averages on a chart. But here’s the thing no indicator works in every market condition, and this one’s no exception. What Makes Follow Line Different from Standard Moving Averages The Follow Line indicator plots a curved line that tracks price movement with adjustable sensitivity. Unlike fixed-period moving averages, it recalculates its position based on recent swing highs and…
Trend traders gather ’round! EUR/JPY looks ready to turn lower from a key resistance area after seeing sharp upswings in the past few weeks. Think the pair will extend a longer-term trend in the next trading sessions? EUR/JPY 4-hour Forex Chart Faster With TradingView U.S. tariff uncertainty and mixed mid-tier data out of the Euro Area kept a lid on the euro, even as European equities pushed to fresh record highs. The Japanese yen is not looking great either. The safe haven is feeling pressure as traders weigh possible government intervention and ongoing questions around the Bank of Japan’s policy…
The bar was already set incredibly high for Nvidia going into this week’s earnings call, as it has been for many quarters now. And once again, the chip giant defies concerns to the AI trade with a strong triple beat so to speak. All three of revenue, earnings, and guidance hit their market and then some. And that is keeping optimism on the AI trade in general, although the early market reaction has been more mixed.Nvidia shares rose over 3% in after-hours trading before settling down a fair bit. And US futures in general are also following suit to keep…
The Pound Sterling (GBP) holds onto weekly gains around 1.3565 against the US Dollar (USD) during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States (US) trade policy outlook.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower to near 97.55.The US trade policy uncertainty stemmed from the Supreme Court’s (SC) ruling against President Donald Trump’s tariffs, in which they were called “unlawful” for being backed by economic emergency powers.Meanwhile, market participants are…
Remember that ascending triangle pattern we were watching on spot gold prices? The precious metal just busted through resistance and looks ready for a retest. Are buyers waiting around these Fibonacci retracement levels? Gold (XAU/USD) 4-hour Chart Faster with TradingView After consolidating inside its triangle pattern since the beginning of this month, the precious metal finally decided to make a break for it and capitalize on safe-haven flows stemming from persistent uncertainty. After all, markets appear to be anxious about U.S. tariffs developments, elevated Middle East geopolitical tensions, and the shifting Fed policy trajectory. Can these keep bringing further upside…
Oil climbs as US-Iran tensions keep supply risks in focus Source link