Author: FX
Just when it seemed that gold already broke below a long-term consolidation pattern, a fresh triangle formation is brewing on its 4-hour time frame. Check out these potential inflection points! Gold (XAU/USD) 4-hour Forex Chart by TradingView This precious metal still seems intent on forming higher lows, as price just bounced off the $3,320 support area while risk aversion has made its way back in the markets so far this week. A combination of geopolitical jitters and overall anxiety ahead of Fed head Powell’s Jackson Hole testimony appear to be keeping the safe-haven asset supported, along with a bit of…
Investors zoomed in on the FOMC meeting minutes to spot clues ahead of Fed head Powell’s Jackson Hole speech. Meanwhile, the RBNZ interest rate decision and the U.K. CPI figures shook things up in the forex scene, as some surprises came up. Here’s how major asset classes performed in the latest trading sessions. Headlines: China Loan Prime Rate 5Y for August 20, 2025: 3.5% (3.5% forecast; 3.5% previous); China Loan Prime Rate 1Y for August 20, 2025: 3.0% (3.0% forecast; 3.0% previous) U.S. Treasury Secretary Bessent noted that US-China talks are going well and that a trilateral meeting with the…
The Federal Reserve’s July meeting minutes revealed that most officials viewed inflation risks as a greater concern than potential employment weakness, with tariff-driven price pressures dominating the discussion despite two Governors dissenting in favor of a rate cut. The minutes showed a majority of the 18 policymakers in attendance “judged the upside risk to inflation as the greater of these two risks,” while several saw risks as balanced and only a couple prioritized employment concerns. This came despite the first dual dissent since 1993, with Governors Christopher Waller and Michelle Bowman voting against the decision to hold rates steady, preferring…
The Daily Lines MT4 Indicator is designed to mark daily levels on a trading chart, such as the previous day’s high, low, and close. These levels act as natural support and resistance zones where price action often reacts. Traders can use these lines to make more informed decisions, avoid random entries, and trade with structure. Since the lines are automatically drawn, it saves time and ensures that traders never miss important levels. Why Daily Levels Matter in Trading Daily highs and lows are critical because they represent where buyers and sellers fought hardest during the previous trading session. Many professional…
The softer NFP and CPI data have reinforced their conviction that the Fed is back on the path to cutting, with a 25bp move in September still their base case. The stronger July PPI was only a temporary hiccup and isn’t seen as a game-changer.Positioning doesn’t look crowded, which means there’s still room for the dollar to fall if Powell leans dovish at Jackson Hole or if incoming data stay on the weaker side. The risks to this view are stronger-than-expected August data, a revival of foreign inflows into US assets, or renewed China weakness that boosts USD safe-haven demand.Event-wise,…
BofA names Faiz Ahmad, Mike Joo as co-heads of investment banking, memo says Source link
USD/JPY logs back-to-back declines; traders wary as political pressure targets Fed governance.Price boxed between 20- and 50-day SMAs; Jackson Hole speech is next catalyst.Hawkish outcome to push USD/JPY above 148.00; otherwise, a drop below 147.00 looms.USD/JPY prints back-to-back bearish days during the week, down 0.17% on Wednesday as the Greenback sold off on fears that the Trump administration threatens the Federal Reserve’s independence. At the time of writing, the pair trades at 147.37 after hitting a daily high of 147.81.Bloomberg revealed that the Federal Housing Finance Agency Director Bill Pulte urged US Attorney General Pam Bondi to investigate Cook over…
The day began with allegations that Fed Governor Lisa Cook engaged in mortgage fraud. Specifically, she was accused of purchasing two properties in quick succession and claiming both as primary residences. Typically, designating a property as a primary residence allows for lower interest rates compared to a second home, which lenders view as a greater risk.The details remain unclear. According to a letter sent to Attorney General Bondi, FHFA Director Pulte raised the accusations, but the timeline and context are uncertain. Did she sell one property within a month? A year? Without clarity, it’s difficult to assess the seriousness of…
georgeclerk LifeMD (NASDAQ:LFMD) is up ~3% in Wednesday trading after KeyBanc Capital Markets issued a bullish note on the telehealth provider. The bank said that proprietary cardholder data for LifeMD and its RexMD business shows a “meaningful uptick” in telehealth revenue going into Source link
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