Author: FX

While the market price is in 100% chance of a September rate cut, Fed members are less assured it is needed despite the weaker jobs report from earlier this month, and continued pressure from Pres. Trump. Atlanta Fed Pres. Bostic is on the wires saying that: Feel like we have the luxury today to wait to make a policy adjustment because the labor market remains strong.Low to moderate income consumers are facing some stress, and that stress is starting to move up the income scaleUpper income consumers are still okay.Small businesses are feeling stressed much more than larger businesses.We know…

The EIA weekly oil inventory data will be released at 10:30 AM today. The private data was released late yesterday. They showed:Crude oil +1.5MDistillates +300,000Cushing -600,000The estimates are looking for:Crude oil -0.275MDistillates +0.725MCushing last week came in at 0.453MCrude oil is trading at $63.03, down -$0.14. The price yesterday settled at $63.17.Technically, The price has moved below the 100-hour MA (blue line on the chart above) at $64.78. That level – and the swing area between $63.61 and $65.27 – I consider the risk and bias defining level in the short term. Stay below that area, keeps the sellers in…

What’s the difference between a prediction versus a trading bias? A prediction is defined as a forecasting statement on how things will be in the future. Making a prediction means that you are expecting a certain outcome. In forex trading, saying that a currency pair will trade at a particular price at a specified point in time is an example of a prediction. Meanwhile, a bias refers to an inclination or outlook. Having a bias means you believe that a particular kind of behavior is more likely to occur than other alternatives. In trading, being bullish or bearish on a currency is a form of bias. As you probably noticed, the…

The Pound Sterling gains against its major peers, investors await the UK Q2 GDP data to be released on Thursday.UK firms have been reluctant to increase hiring after the increase in employers’ contributions to social security schemes.Traders raise Fed’s interest rate cut bets for the September meeting after the release of fresh US inflation data.The Pound Sterling (GBP) outperforms its major peers on Wednesday, while investors await the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data, which will be released on Thursday.Economists expect the UK economy to have grown at a marginal pace of 0.1%, much lower than…

GBP/USD outlook: Bulls accelerate for the second straight day and approach strong barriers Cable continues to trend higher and nears key near-term barriers at 1.3588 (July 24 high) and 1.3618 (daily Ichimoku cloud top). Weaker dollar on fresh signals of Fed rate cuts (the first cut to be expected in September) and latest data from UK labor sector, which do not urge BoE for immediate rate cuts, provided good support for sterling in last two sessions. Break above psychological 1.3500 barrier (reinforced by 55DMA) and 1.3541 (Fibo 61.8% of 1.3788/1.3141) generated fresh bullish signal (to be confirmed on close above…

Gold price edges up to near $3,360 as US bond yields decline significantly.Traders raise Fed’s interest rate cut bets after the US CPI report release.Gold price continues to trade inside the Symmetrical Triangle formation.Gold price (XAU/USD) trades marginally higher to near $3,360.00 during the European trading session on Wednesday. The yellow metal edges higher as United States (US) Treasury yields plunge due to escalating speculation about the Federal Reserve (Fed) to resume the monetary-expansion cycle from the September monetary policy meeting.10-year US Treasury yields are down 1.2% to near 4.26%. Lower yields on interest-bearing assets improve the appeal of non-yielding…

Both Japan’s Nikkei 225 and Australia’s S&P/ASX200 climbed to record intraday highs today, underscoring the strong bullish sentiment sweeping across Asia-Pacific markets. In Tokyo, optimism was fuelled by a wave of upgraded earnings forecasts from major Japanese companies, many of which now believe the fallout from U.S. tariffs will be far less severe than initially feared. Meanwhile, in Sydney, the Australian sharemarket extended its winning streak, marking a second consecutive session at all-time highs. The rally comes as traders position themselves ahead of a pivotal Reserve Bank of Australia (RBA) meeting, where the central bank’s next move could set the…

Eurostoxx +0.4%Germany DAX +0.4%France CAC 40 +0.3%UK FTSE +0.3%Spain IBEX +0.4%Italy FTSE MIB +0.3%It’s an optimistic start to the session after the late push higher in Wall Street to wrap things up yesterday. US futures are also keeping steadier on the day, with S&P 500 futures up 0.08% currently. In FX, the dollar is starting to weaken across the board again with EUR/USD now up 0.3% to 1.1705 as the post-CPI run starts to set foot in European trading. This article was written by Justin Low at investinglive.com. Source link

The Look for Trend MT4 Indicator is a technical analysis tool built to help traders quickly recognize whether the market is trending upward, downward, or moving sideways. It uses a combination of price action and trend-filtering techniques to display clear signals directly on the chart. Unlike complicated indicators, this one focuses on simplicity—providing easy-to-read visual guidance without overwhelming the trader with unnecessary data. Why Trend Identification Matters In trading, trend direction is everything. Entering trades in the wrong direction often leads to losses, while aligning with the trend increases the chances of success. Many beginners find it hard to spot…

The Aussie dollar’s been on a tear this August, rallying from .6425 to trade about 100 pips higher where it sits now. Is AUD/USD gearing up to return to a longer-term uptrend? Or are we just getting a gift here, a better price to sell the Aussie before it heads back down? AUD/USD Daily Forex Chart by TradingView The U.S. extending its trade truce with China and the RBA delivering a rate cut that wasn’t all that dovish have helped the Aussie hold its ground against major counterparts like the U.S. dollar. At the same time, soft U.S. data and…