Author: FX

Is this pair just gathering more bearish energy to sustain its reversal? Price recently fell through the neckline of a double top pattern to suggest that a downtrend of the same height as the formation is due. Check out EUR/GBP hanging out at this support-turned-resistance zone on the 4-hour time frame! EUR/GBP 4-hour Forex Chart by TradingView Trade uncertainty stemming from EU-U.S. tariffs negotiations, combined with a surprise BOE “hawkish cut” in their latest decision, forced EUR/GBP to retreat from its climb and signal a potential reversal. The pair already fell through its double top neckline around the .8650 minor…

Markets weren’t exactly hungry for risk on Tuesday, as the safe-haven dollar dominated while commodities, crypto, and stocks closed out deep in the red. Meanwhile, Canada’s latest CPI print bolstered BOC interest rate cut expectations, triggering some losses for their currency as well. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac Consumer Confidence Index for August 2025: 98.5 (93.2 forecast; 93.1 previous) Australia RBA Connolly: Euro area Current Account for June 2025: 38.9B (30.0B forecast; 1.0B previous) Ukraine President Zelensky confirmed U.S. support for security guarantees, reiterated call for peace In an interview,…

Reserve Bank of New Zealand’s (RBNZ) acting Governor Christian Hawkesby presents the prepared remarks on the policy statement and responds to media questions at the press conference after the August monetary policy announcement.Following its August policy meeting, the RBNZ delivered a 25 basis points (bps) cut to the Official Cash Rate (OCR) from 3.25% to 3%, as widely expected.Please follow the Live Stream of the press conference hereRBNZ press conference key quotesNext two meetings are live, no decisions have been made.OCR projection troughs around 2.5%, consistent with further cuts.Not changed view on neutral, OCR not restrictive anymore.Q2 economic activity considerably…

Canada’s annual inflation rate decelerated to 1.7% in July, down from 1.9% in June, as plummeting gasoline prices helped offset rising grocery and shelter costs, according to data from Statistics Canada. While the headline deceleration was largely attributed to energy base effects from carbon tax removal, the 3-month annualized measures of core inflation that the central bank closely monitors slowed to 2.4% from 3.4%, suggesting some cooling in underlying trends. Key Points from Canada’s July 2025 CPI Data: Headline inflation fell to 1.7% year-over-year in July from 1.9% in June, marking the lowest rate since early 2024 Gasoline prices dropped…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…

The 3 EMA Crossover MT4 Indicator uses three moving averages with different periods—typically short, medium, and long-term. When these lines cross, they generate signals that help traders spot trend changes. A crossover of the short EMA above the longer ones often signals a buying opportunity, while the opposite suggests a selling opportunity. This makes it a practical tool for both beginners and experienced traders who want a simple yet effective way to follow trends. Why Traders Prefer This Indicator Many traders prefer this indicator because it reduces noise from random market movements. Instead of being overwhelmed by candlestick patterns or…

Kilmar Abrego accuses US government of 'vindictive prosecution' Source link

The NASDAQ index continues to come under pressure, currently down 347 points or -1.60%. The decline has pushed the index back below its 100-hour moving average at 21,331.91. Trading under this level shifts the short-term bias to the downside and raises concern that further selling could unfold.Looking back to August 1 (the US employment report), a similar break below the 100-hour moving average led to a sharp drop toward the 200-hour moving average (green line). While momentum did stall on that move and the index ultimately closed back above the level, the pattern highlights the importance of this technical support…

Picture this: the world’s central banks are like a group of friends arguing over where to eat lunch. Some want spicy tacos (low interest rates), some are sticking to bland oatmeal (high rates), but nobody seems to agree—and that makes the FX party wild! If you’re new to forex, central bank divergence is just trader-speak for “these central banks are zigging when others are zagging.” When monetary policy paths (mostly interest rate changes) head in different directions, currency trends can go haywire. So why does every forex nerd obsess over it? Let’s break it down with some fresh market…

The major US stock indices are mixed with the Dow Industrial Average higher. The S&P is marginally lower, while the NASDAQ index is the biggest decliner. A snapshot of the market currently shows: Dow industrial average is up 95 points or 0.21% at 45006.S&P index is down -6.5 points or -0.10% at 6442.70NASDAQ index is trading down -83 points or -0.39% at 21546.55The small-cap Russell 2000 is near unchanged at 2294.62.Chip stocks are under pressure:Broadcom -1.67%Nvidia -0.54%AMD -3.26%Shares of Intel are bucking the trend with a gain of 8.33% at $25.64. Despite a dilution via a sale of $2B of…