Author: FX
The Indian Rupee trades lower against the US Dollar as the latter gains on risk-off market mood.Trump announces 30% tariffs on imports from the EU and Mexico.Investors await India-US CPI data for June.The Indian Rupee (INR) declines against the US Dollar (USD) at the start of the week, sends the USD/INR pair higher to near 86.15. The pair strengthens as the Indian currency underperforms, following a surprise decline in the Wholesale Price Index (WPI) Inflation data for June, a key indicator that measures inflation at producer level.The report showed that the WPI inflation surpringly declined by 0.13% on year. Economists…
EUR/JPY declines to around 172.05 in Monday’s early European session, down 0.15% on the day. The positive bias of the cross prevails above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level emerges in the 172.95-173.00 zone; the first downside target to watch is 170.81.The EUR/JPY cross loses ground to near 172.05 during the early European session on Monday. The Euro (EUR) weakens against the Japanese Yen (JPY) after US President Donald Trump said on Saturday that the United States (US) will impose a 30% tariff on goods from the European Union (EU), starting on…
A busy week lies ahead in terms of economic events, even though Monday starts off slowly with no significant scheduled releases affecting the FX market. On Tuesday, the main focus will be on inflation data from both Canada and the U.S. Additionally, the U.S. will release the Empire state manufacturing index. On Wednesday, the U.K. will publish its inflation figures, while in the U.S., we’ll see the release of both core PPI m/m and PPI m/m. Thursday brings Australia’s employment change and unemployment rate, while in the U.S., retail sales m/m and weekly unemployment claims will be released. Finally, on…
EUR/AUD took a hit last week but is now holding the line. Could this be the start of a bigger move? Let’s break down what the 4-hour chart is telling us: EUR/AUD 4-hour Forex Chart by TradingView Like the other majors, the euro gave way to the Aussie last week after the RBA surprised markets by keeping rates unchanged. This week, all eyes are on U.S.-EU trade talks, which could breathe life back into EUR demand. At the same time, tariff headlines and upcoming data from China might spook AUD bulls and put a cap on further gains. Remember that…
It looks like USD/JPY is still stuck in its longer-term range, as the pair sustained a bounce off support to make it back to the top. Will the ceiling still hold? Or are we about to see a breakout soon? USD/JPY 4-hour Forex Chart by TradingView Remember that USD/JPY range support bounce we had our sights set on the other week? Well, the pair was able to gain traction on its rally enough to climb close to the range resistance at the 148.00 major psychological mark as tariffs headlines lifted the safe-haven dollar. So which way will the pair go…
With the latest FOMC meeting minutes highlighting a dovish split among Fed policymakers, will the upcoming U.S. CPI release settle the score when it comes to their inflation outlook? Expectations are for a slightly stronger pace of price pressures in June, but markets could still chalk this up to temporary tariffs’ impact. Here’s what you need to know when trading the U.S. CPI release. 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™…
Thailand considering offering zero tariffs on more U.S. imports, finance minister says Source link
The Trade Breakout MT4 Indicator is a technical tool used to detect price breakouts from consolidation areas. It marks support and resistance levels where the market has paused or moved sideways. When price breaks above or below these levels, the indicator provides visual signals to help traders catch the momentum early. It’s especially helpful for day traders, scalpers, and those who trade news events or volatile markets. Why Use This Indicator? Breakouts are often the start of strong price trends. However, many traders struggle to identify which breakouts are real and which are false. The Trade Breakout MT4 Indicator filters…
China’s economy likely grew slightly above the government’s annual target in the second quarter according to the Bloomberg survey of analyst expectations. Bloomberg is gated, but in brief:Bloomberg’s survey forecasting a 5.1% year-on-year GDP increase for the quarter ending in JuneGrowth was supported by strong export performance, aided by a trade truce with the U.S., continued fiscal measures to bolster domestic demandAs a result, many economists believe Beijing may pause additional stimulus for now.However, Citi and Nomura anticipate further policy easing later in the year, projecting a 10 basis point interest rate cut and a 50 basis point reduction in…
US citizen killed in West Bank settler attack Source link