Author: FX
After breaking below its long-term triangle support, gold seems to be going for a retest of the area of interest. Will it hold as resistance this time? Check out these nearby inflection points on the 4-hour time frame: Gold (XAU/USD) 4-hour Forex Chart by TradingView Dollar domination in the last weeks of July triggered a breakdown from gold’s symmetrical triangle support, before a sharp rally took place after Friday’s downside NFP surprise. This was enough to take XAU/USD back for a retest of the broken triangle bottom right around the 50% Fib level. Are gold sellers about to step back…
Can the upcoming New Zealand jobs report give the RBNZ more reason to lean less dovish? Our Event Guide for the Q2 2025 NZ Employment Report suggests that the unemployment rate holding steady could still be enough to boost confidence in the labor market. Here’s what I’m watching on GBP/NZD and NZD/CAD in this scenario. 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
When trading with a funded account, many traders forget that clearing the challenge phase is just the beginning. Yes, to clear them is a win, but the real deal starts once traders go live. Once they go live, they enter a world full of pressure with real capital at stake. Not only do the rules get tighter, but the emotions also reach their breaking point. This is where most traders lose the game. At FundingPips, clearing the challenge phase is only viewed as the first step towards a sustainable trading journey. This article identifies the seven common mistakes traders make…
Will this week’s jobs data give the RBNZ another reason to lean dovish? Our Event Guide for the New Zealand’s Q2 2025 Employment Report lays out the cracks showing up in leading indicators, hinting that the actual numbers could miss forecasts. Here’s why NZD/JPY and EUR/NZD could be prime setups if the report throws a curveball: 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
Tuesday’s jobs report could set the tone for NZD’s weekly performance, especially with the RBNZ already leaning dovish. What are traders expecting from the release anyway? Here are points to know if you’re planning on trading the event! 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
The Melbourne Institute’s monthly inflation gauge surged by 0.9% in July, marking the largest monthly increase in 19 months. On an annual basis, inflation rose to 2.9%, up from 2.4% in June, signalling renewed price pressures in the economy.Trimmed mean Australian +0.8% m/m in July, also the the most in 19 months—-At the margin this pushes back on Reserve Bank of Australia rate cut expectations. This data is not as widely regarded as the other inflation data though. Source link
The Alpha Trend Spotter PA is built to highlight bullish and bearish market phases with simple color-coded signals. It works by analyzing price action and applying a smooth trend-following algorithm to display the current trend clearly on your chart. Whether you’re trading forex, indices, or commodities, this indicator adapts to different assets and timeframes. For beginners and experienced traders alike, it removes the guesswork and makes trend spotting more straightforward. No Complex Setup or Clutter One of the best things about this indicator is its simplicity. It doesn’t overload your chart with confusing lines or too many alerts. It simply…
Over the weekend I posted on comments from head of the New York Federal Reserve, John Williams:ICYMI, Williams was asked, in an interview:To sum up then, if the data were to reveal itself over the next two months in a way consistent with what we’ve seen over the last few months, which I would characterize as some goods inflation filtering through, maybe not as much or as fast as people had thought, and the labor market that doesn’t appear to be getting any stronger, but again, hard to read because of changes in supply and demand. Would you be prepared…
Boeing's St. Louis union workers reject latest offer and will strike on Monday Source link
US President Donald Trump fired the head of the Bureau of Labor Statistics on Friday after getting jobs numbers he didn’t like. It’s an extremely concerning move for anyone hoping to trade based on reliable economic data. it’s also reminiscent of Argentina and various other despotic regimes and it’s never ended well.At some point, it’s going to be awfully difficult to trust the numbers but we will have to wait and see now long it takes to restructure the organization.The next non-farm payrolls report is September 5 and it will feature annual benchmark revisions for April 2024- March 2025. It’s…