Author: FX

Fundamental OverviewThe USD sold off across the board on Friday following a softer than expected NFP report. Overall, the data wasn’t as bad as one might think by just looking at the reaction but given that we were positioned for a strong report and the pricing got more hawkish after the Fed’s decision, the weaker data was enough to trigger a quick repricing. In fact, the market is now pricing 59 bps of easing by year-end compared to just 35 bps before the NFP release. That’s a pretty quick change of heart. Over the weekend, we have Fed’s Williams opening…

The Alpha Trend Spotter is a custom trend-following indicator for MetaTrader 4 that highlights trend strength and direction visually on your chart. It uses a combination of price action and smoothing formulas to filter out noise, so traders can focus only on the real trend. This makes it especially useful for beginners and intermediate traders who prefer a clear, clutter-free approach. The indicator plots simple color-based signals—typically green for bullish trends and red for bearish ones. This helps eliminate guesswork and supports decision-making, whether someone is trading forex, commodities, or indices. How It Helps Traders Stay on Track What makes…

The Indian Rupee surrenders early gains against the US Dollar on RBI’s intervetion.US President Trump threatens higher tariffs on imports from India again.India responded strongly to Trump’s tariff threats, stating that the nation will take all measures to protect its national interest.The Indian Rupee (INR) gives up its opening gains against the US Dollar (USD) on Tuesday. The USD/INR pair falls to near 88.00 after revisiting its all-time high of around 88.25. The Indian currency appreciates temporarily due to Reserve Bank of India’s (RBI) into currency markets.A report from Reuters showed that the RBI likely sold US Dollars via state-run…

The Australian Dollar remains under pressure despite improved domestic S&P PMI data.China’s Caixin Services PMI rose to 52.6 in July, against the expected 50.2.Fed Governor Adriana Kugler’s resignation has given Trump an earlier-than-expected opportunity to influence the direction of the central bank.The Australian Dollar (AUD) loses ground for the second successive day despite the release of improved S&P Purchasing Managers’ Index (PMI) data on Tuesday. The AUD/USD pair depreciates as the US Dollar (USD) remains steady, driven by the latest global trade developments and shifting expectations for monetary policy. The US ISM Services Purchasing Managers Index (PMI) will take center…

Gold price remains below a one-week high amid mixed fundamental cues.A modest USD strength and a positive risk tone cap the safe-haven commodity.Rising September Fed rate cut bets support the XAU/USD pair amid trade jitters.Gold price (XAU/USD) struggles to capitalize on its recent strong gains registered over the past three days and seesaws between tepid gains/minor losses, below a nearly two-week high through the early European session on Tuesday. The US Dollar (USD) gains some positive traction and acts as a headwind for the commodity. Apart from this, the upbeat market mood turns out to be another factor undermining the…

EUR/USD is hitting key retracement levels after its sharp drop last week! Will this lead to a break-and-retest situation for the euro in the next few days? We’re taking a closer look at the 4-hour time frame: EUR/USD 4-hour Forex Chart by TradingView Uncle Sam’s weak jobs data, Trump’s firing of the BLS commissioner, and FOMC member Adriana Kugler’s unexpected resignation have raised the odds of a Fed rate cut as early as September, weighing on U.S. dollar demand. That said, global growth worries and the pressure from a high-tariff backdrop are keeping a lid on gains for “risk” currencies…

There are just a couple to take note of on the board for the day, as highlighted in bold below.They are all for EUR/USD layered in between the 1.1500 to 1.1600 mark. And the expiries are also resting in and around the 100 and 200-hour moving averages, seen at 1.1499 and 1.1589 respectively. As such, price action will have more reason to continue to track in between the two key hourly moving averages in European trading.That before we get to US trading where the ISM services PMI might offer something for traders to act upon.For more information on how to…

This pound pair has been forming lower highs connected by a falling trend line since mid-June, but it looks like this resistance zone is being challenged. Will it bounce or break next? Check out this area of interest I’m watching on the 4-hour time frame: GBP/CHF 4-hour Forex Chart by TradingView Safe-haven flows on trade uncertainty have propped up the lower-yielding Swiss franc over the past months while rising BOE easing expectations have dragged the U.K. currency south. However, GBP/CHF appears to be struggling to break below the 1.0700 major psychological support, forming what seems to be a triple bottom…

Markets got back on their feet after last Friday’s post-NFP chaos, as U.S. equity indices rebounded to positive territory while the focus shifted to the possibility of lower borrowing costs. Still, global trade jitters lingered as Trump announced plans to raise tariffs on India, keeping gold supported by safe-haven flows. Here are headlines you may have missed in the last trading sessions! Headlines: Over the weekend, OPEC+ confirmed it would raise oil output by 548K barrels per day in September Over the weekend, Fed official Williams expressed openness to a September rate cut On Sunday, Trump confirmed that special envoy…

China's services activity growth hits 14-month high in July, S&P PMI shows Source link