Author: FX

Next week, the Fed will be in the quiet period ahead of the FOMC rate meeting on July 30. The S&P Global flash manufacturing and services data will be released for Europe and the US on Thursday. The ECB will likely keep rates unchanged, but given the tariff threat, will likely be biased to more easing (although they are also near neutral rates now).US initial jobless claims fell to 221K last week and moved back toward the lower levels after a modest rise toward 250K. Below is the scheduled of released.Sunday, July 20 6:45pm ET – NZD CPI q/q –…

California Gov. Gavin Newsom proposes to ease permits for oil drilling in California.Governor Gavin Newsom has not supported new drilling, but is also under pressure to stabilize energy supplies, particularly after recent refinery closure announcements. While he remains committed to phasing out oil drilling by 2045, state regulators have recommended limited new well permitting as part of a transition strategy. The Trump administration initiated a major review process to restart oil and gas leasing on federal lands in California, marking the first significant step toward expanding fossil fuel development in the state in years. The U.S. Bureau of Land Management…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

According to the Financial Times, US President Donald Trump has escalated his demands to the European Union (EU), eyeing at least a minimum tariff of 15% to 20% in a deal with the Eurozone, revealed three people briefed on talks.Key quotes:The US president’s hardened stance aims to test the EU’s pain threshold after weeks of talks on a framework agreement that would have maintained a baseline tariff of 10% on most goods.People familiar with the negotiations say Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would be happy to keep duties on the…

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is the first comprehensive federal law to regulate U.S. dollar–backed stablecoins. It outlines clear rules for who can issue stablecoins, how they must be backed, and what compliance standards they must meet.Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically by being pegged to a reserve asset like the U.S. dollar, euro, or gold.Key Characteristics:Price Stability: Stablecoins aim to keep their value steady (e.g., 1 stablecoin = $1).Reserve-Backed: Most are backed by assets such as:Used for Payments & Trading: Common in digital payments, crypto…

Silver (XAG/USD) is holding firm near $38.00 after hitting a 14-year high earlier this week.The metal remains supported by an ascending channel on daily and weekly charts.RSI and ADX on the daily chart are turning higher, signaling a possible return in bullish momentum.Silver (XAG/USD) is treading water on Friday, with spot prices hovering near $38.25 after marking a fresh 14-year high of $39.13 earlier this week. The metal continues to draw support from a firmly bullish structure, trading within a well-defined ascending channel on both the daily and weekly charts. While momentum has cooled slightly near multi-year highs, the broader…

Hedge funds lure record inflows in first half of 2025 Source link

Gold boosted as Fed’s Waller supports July rate cut, boosting Gold as yields decline.US Dollar Index slips to 98.48, enhancing appeal of Dollar-denominated Bullion.UoM survey shows improved sentiment and easing long-term inflation expectations.Gold price advances during the North American session on Friday as the US Dollar weakens, with traders booking profits ahead of the weekend. Additionally, a Fed Governor’s comments turned more dovish than expected, supporting a rate cut in July. At the time of writing, the XAU/USD trades at $3,353, up 0.43%.The market mood is upbeat after the University of Michigan (UoM) revealed that Americans have become optimistic about…

The Dow Jones is struggling to stay in the green as it wraps up a wobbly trading week.UoM Consumer Sentiment Index figures showed US consumers are recovering from April’s tariff tilt.Key earnings misses on Friday are dragging the major equity index down for the day.The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.The University of Michigan’s (UoM) July Consumer Sentiment Index showed another recovery in aggregated survey…

NZD/USD rebounds toward clustered resistance as New Zealand CPI looms.New Zealand inflation is expected to set the tone for the cautious RBNZ while dovish Fed Waller increases expectations of a September rate cut.NZD/USD approaches moving average resistance with price action vulnerable to upcoming CPI.The New Zealand Dollar (NZD) is strengthening against the US Dollar (USD) on Friday as investors reposition expectations of US interest rates and look ahead to New Zealand’s upcoming inflation data.At the time of writing, NZD/USD is trading near 0.5960 with intraday gains of 0.50%. New Zealand inflation is expected to set the tone for the cautious…