Author: FX
Here is what you need to know on Monday, August 4:The US Dollar (USD) finds it difficult to gather strength against its rivals at the beginning of the week as market expectations for a 25 basis points (bps) Federal Reserve (Fed) rate cut gains traction after dismal employment data. The US economic calendar will feature mid-tier data releases on Monday. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD…
The Indian Rupee starts the week on a negative note against the US Dollar due to multiple headwinds.Investors expect the RBI to leave interest rates steady on Wednesday.Traders raise Fed interest rate cut bets after soft US NFP data.The Indian Rupee (INR) resumes its downside journey against the US Dollar (USD) at the start of the week. The USD/INR pair bounces back to near 87.75 after a two-day correction as the Indian currency faces significant pressure due to multiple headwinds such as persistent outflow of foreign currency from Indian capital markets, US-India trade tensions, and uncertainty surrounding the Reserve Bank…
FX option expiries for Aug 4 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1500 1.6b1.1550 2.8b1.1565 1.5b1.1600 1.9b1.1650 1.5b1.1700 1bUSD/JPY: USD amounts 149.50 1b150.00 1.4b150.50 1.5bAUD/USD: AUD amountsUSD/CAD: USD amounts Source link
Planning to trade the U.S. dollar this week? USD/JPY is struggling to extend its recent drop after tagging some key inflection points. Think we’re looking at a decent area to buy into USD/JPY’s month-long uptrend? USD/JPY 4-hour Forex Chart by TradingView The dollar took a hit late last week after sharp downward revisions to May and June jobs data knocked the wind out of it. Softer labor numbers boosted Fed rate cut expectations and sparked risk-off vibes, sending traders toward safe havens like the Japanese yen. Remember that directional biases and volatility conditions in market price are typically driven by…
Morning Bid: Buy the dip, we can worry about jobs later Source link
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