Author: FX
EUR/GBP softens to near 0.8700 in Wednesday’s early European session. The final HCOB Eurozone Composite PMI declined to 50.9 in July, weaker than expected. The BoE is set to cut rates at its August meeting on Thursday. The EUR/GBP cross trades in negative territory around 0.8700 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) due to weaker Eurozone Purchasing Managers Index (PMI) data. Traders await the Eurozone June Retail Sales data, which is due later on Wednesday. Data released by the Federal Statistics Office on Wednesday showed that Germany’s Factory Orders unexpectedly declined in June, suggesting…
Germany’s Factory Orders unexpectedly dropped in June, suggesting that the country’s manufacturing sector downturn extended, according to the official data published by the Federal Statistics Office on Wednesday.Over the month, contracts for goods ‘Made in Germany’ dropped 1% in June after declining 1.4% in May. Data missed the expected 1% rebound.Germany’s Industrial Orders advanced 0.8% year-over-year (YoY) in June, compared with the previous growth of 5.3%.FX implicationsThe Euro (EUR) is little changed by the German data, with EUR/USD trading modestly flat on the day near 1.1575, as of writing. Euro PRICE Today The table below shows the percentage change of Euro (EUR)…
India holds rates as expected but flags growth risks from US tariffs Source link
U.S. crude oil prices are chillin’ near a key support zone! Will this lead to the Black Crack turning higher in the next trading sessions? WTI Crude Oil 4-hour Chart by TradingView In case you missed it, crude oil’s been under pressure lately. Worries about global growth, fresh OPEC+ production coming online by September, and U.S. efforts to push Russia toward a peace deal with Ukraine have all chipped away at prices over the past few days. The dollar hasn’t had much luck either. Soft U.S. data and growing Fed rate cut expectations have kept the Greenback on the back…
New Zealand’s unemployment rate climbed to 5.2% in the June 2025 quarter, up from 5.1% in the previous quarter, as the labor market continues to show signs of gradual cooling amid broader economic headwinds. The latest data from Statistics New Zealand showed a 0.1% quarter-on-quarter decline in hiring as expected, while the previous reading was downgraded to show a flat figure from the earlier 0.1% uptick. Key Points from the June 2025 Quarter Report Unemployment rises modestly: The seasonally adjusted unemployment rate increased to 5.2% from 5.1%, with the number of unemployed people reaching 158,000 Employment rate declines: The employment…
Market expectations are running high for the U.K. central bank to cut interest rates this week, so will they deliver? And are policymakers about to hint at further easing ahead? Here’s what to look out for when trading the August BOE decision. 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
A bit of calm was seen in the financial markets early Tuesday, before volatility once again picked up around the release of the U.S. ISM services PMI and another round of remarks from Trump. Although the EU agreed to delay its countermeasures against the US, Trump warned that the region could face much higher tariffs unless they reach a deal soon, bringing global trade jitters back in play. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand ANZ Commodity Prices m/m for July: -1.8% (-2.4% previous) Australia ANZ Job Advertisements m/m for July: -1.0%…
The U.S. Department of Justice has charged two Chinese nationals with illegally exporting tens of millions of dollars’ worth of advanced AI chips, including Nvidia’s H100 processors, to China between October 2022 and July 2025.via a company called ALX Solutions out of California, founded shortly after U.S. export controls on high-end semiconductors took effectthe firm allegedly circumvented U.S. restrictions by funneling shipments through Singapore and Malaysia, common transshipment hubs, before final delivery to China.The chips in question include Nvidia’s H100 GPUs, which are tightly restricted under U.S. export rules due to their role in powering artificial intelligence systems.The case comes…
The Average of ATR (Average True Range) MT4 Indicator is a custom tool used to measure volatility in a smoother, more stable way than the standard ATR. Instead of reacting to every sharp move in the market, it averages the ATR values over a selected period. This helps reduce the noise and gives traders a better view of long-term volatility trends. It’s especially helpful for swing traders or those who want to fine-tune their position sizing based on consistent market activity. Why It Matters for Traders Many indicators only show part of the picture. The standard ATR can be jumpy,…
Via a UBS Global Wealth Management note.UBS points to policy easing as a major tailwind, forecasting that the Federal Reserve will resume rate cuts at its September meeting, with a total of 100 basis points of cuts expected by early 2026. “Rate cuts have typically been supportive for stock markets during non-recession periods,” the note added. “And a likely weaker US dollar as a result of lower rates should offer a further tailwind.”Says investors should brace for short-term volatility but remain confident in the broader equity rally:“While we still expect near-term volatility as the impact of US tariffs feeds through…