Author: FX
EUR/GBP dailyMUFG is out with its trade of the week and highlights EUR/GBP, which is trading at 0.8650 at the moment.”We are recommending a long EUR/GBP trade idea to reflect our view that downside risks for the GBP are increasing. We have been encouraged by price action over the past week. EUR/GBP has held above the 0.8600-level for the longest period since late 2023/early 2024,” MUFG notes.”The GBP sell-off was initially triggered by concerns last week over the UK public finances. The looming prospect of tax hikes in the autumn could discourage businesses and households from spending in the interim…
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…
Riot Platforms, Inc. (RIOT) – Elliott Wave analysis Daily chart analysis – Technical overview Function: Trend. Mode: Motive. Structure: Impulsive. Position: Wave v of 3. Direction: Bullish. Details: Wave v of 3 likely targets the 161.8% Fibonacci level of Wave 1. On the daily chart, Riot Platforms, Inc. (RIOT) maintains a strong upward trajectory, advancing within Wave v of 3. A breakout above the resistance trendline is expected, potentially signaling the continuation of an impulsive move. As Wave v of 3 is often the extended leg in Elliott Wave theory, a projected target near the 161.8% Fibonacci extension of Wave…
Stocks continue their consolidation as tariff news poses risks. The S&P 500 index gained 0.27% on Thursday, reaching a marginally higher all-time high of 6,290.22. The market is continuing its short-term consolidation. Today, it is set to open about 0.5% lower, as indicated by futures, in response to overnight news regarding a 35% tariff on Canada. Investor sentiment remains elevated, as reflected in the Wednesday’s AAII Investor Sentiment Survey, which reported that 41.4% of individual investors are bullish, while 35.6% are bearish. The S&P 500 continues to trade near its all-time high, as the daily chart shows. Nasdaq 100: More…
Silver reaches new 2025 high as tariff tensions lift safe-haven demand.Bullish momentum remains strong as the white metal rises toward the $38.00 resistance.XAG/USD benefits from its dual role as a safe-haven and industrial metal.Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.The Silver price is trading above $37.60 at the time of writing, as bulls appear eager to test the next psychological resistance level of $38.00.As the white metal continues along its upward trajectory, US President Donald Trump’s tariff policies and a weaker US Dollar have proven…
The USD remains mostly rangebound against the major currencies as it’s been supported by the last NFP report that caused traders to pare back their bets on a third rate cut by year-end. Unfortunately for the greenback, the data wasn’t enough as wage growth came out on the softer side which limited further repricing and more sustained gains. The focus now turns to the US CPI report due on Tuesday. The CPI is unlikely to force the Fed to cut at the July meeting. September is the earliest we could see it. Nonetheless, a soft CPI should see the market…
Germany plans to buy additional 15 F-35 fighter jets, Politico reports Source link
The Stream MT4 Indicator is built to show the flow of price through a smoother and less noisy representation. Instead of jumping from one candle to another, it uses a custom line that gently moves with price changes. This helps traders see whether the market is trending up, down, or sideways. It removes the confusion that comes from rapid price spikes or whipsaws, making trend recognition easier for both beginners and experienced users. Great for Entry and Exit Decisions One of the best features of the Stream Indicator is how well it supports entry and exit points. When the stream…
USD/CHF trades marginally higher, but is broadly sideways below 0.8000.US President Trump mulls to consider increasing tariff blanked for nations that failed to close deal during the 90-day tariff pause period.Dismal market sentiment has improved the safe-haven demand of the Swiss Franc.The USD/CHF pair edges higher to near 0.7980 during Asian trading hours on Friday. The Swiss Franc pair trades broadly stable in a risk-averse market mood, followed by fears of an increase in United States (US) 10% tariff blanket.On Thursday, US President Trump said in a telephonic interview with NBC news that he will impose a “15% or 20%”…
The Japanese Yen meets with a fresh supply as traders pare BoJ rate hike bets amid rising trade tension.Domestic political uncertainty also undermines the JPY and provides a goodish lift to the USD/JPY pair.The USD sits near a two-week top amid reduced Fed rate cut bets and contributes to the pair’s move up.The Japanese Yen (JPY) rebounds a few pips from a multi-week trough touched against a broadly firmer US Dollar (USD) earlier this Friday, though retains a bearish bias heading into the European session. US President Donald Trump recently imposed a 25% tariff on all Japanese exports to America…