Author: FX

The FOMC agreed to keep interest rates on hold at the 4.25-4.50% range during their June 17-18 meeting, but the minutes of their discussions revealed divisions regarding the appropriate easing pace moving forward. The minutes highlighted the central bank’s ongoing struggle to balance competing economic pressures. While officials acknowledged that tariff-induced inflation pressures may prove temporary or modest, they expressed caution about acting prematurely given the economy’s continued strength. Key Takeaways Most participants assessed that some reduction in the federal funds rate this year would likely be appropriate, citing potentially temporary tariff-induced inflation pressures and signs of labor market softening…

The Wall Street Journal (gated) Fed watcher Nick Timiraos highlights division within the Federal Reserve on the path for inflation and rate cuts. Trump’s tariff hikes are fueling internal debate at the Federal Reserve over whether to delay or advance interest rate cuts, as policymakers weigh the inflationary impact against slowing growth.Fed Chair Jerome Powell has signaled a more flexible stance, suggesting the bar for cutting rates may be lower than it was earlier this year, especially if inflation softens or labor market data weakens.A rate cut isn’t expected at the upcoming meeting, but Powell has outlined conditions under which…

Rubio makes first visit to Asia as Trump tariffs loom Source link

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…

Fuel shortage threatens to turn Gaza's biggest hospital into graveyard, doctors say Source link

The tariff letters have been released for the following additional countries: 30% for Libya30% for Iraq30% for Algeria5% for Moldova. We have near 0% trade with this country. 25% for Brunei20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs. The trade with Phillipines accounts for 0.4% of US trade.Of the total trade, the countries today account for the following % of total trade:Philippines: 0.42%Algeria: 0.08%Libya: 0.04%Iraq: 0.01%Brunei: 0.002%Moldova: 0.001Prior to today:14 Countries Notified, including major allies:Japan & South Korea: 25% tariffs on all imports Other countries and rates:Myanmar & Laos: 40%Cambodia & Thailand: 36%…

The S&P 500 continues to fluctuate following last week’s rally – what’s next? The S&P 500 Index closed 0.07% lower on Tuesday, essentially moving sideways after Monday’s pullback. The market remains mixed as investors digest recent tariff-related news and economic data. Today, the index is set to open 0.2% higher, according to futures contracts. The S&P 500 remains relatively close to Friday’s new record high of 6,284.65. Investor sentiment has improved, as reflected in last Wednesday’s AAII Investor Sentiment Survey, which reported that 45.0% of individual investors are bullish, while 33.1% are bearish. The index is trading above the 6,200…

XAG/USD drops below $36.50, marking its third straight daily decline as the US Dollar and yields firm up.Silver remains stuck between $35.50 and $37.30, inside a broader rising channel since April.The 21-day EMA acts as a dynamic support, but a break below could expose $34.50, then $33.50.Silver (XAG/USD) is trading near $36.40 on Wednesday, marking its third consecutive daily decline, as a stronger US Dollar and rising US Treasury yields continue to pressure precious metals. The metal is easing slightly on the day after failing to build on its modest overnight rebound, but remains within a tight consolidation range, just…

SMCI Elliott Wave technical analysis – Daily chart Function: Counter trend. Mode: Corrective. Structure: Flat. Position: Wave v of C. Direction: Upward toward wave v. Details: A major pullback has been ongoing since early this year. The current move suggests an upward push to finalize the correction. On the daily chart, SuperMicro Computers Inc. (SMCI) is in the last stage of a corrective flat pattern that began at the start of 2025. The stock is currently advancing through wave v of C, indicating that the countertrend structure is nearly complete. This upward move is expected to form the final leg…

Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these “levels of competence” and can they be applied to your forex trading journey? Stage 1: Unconscious incompetence It may sound like a fancy insult, but this just means that you don’t know yet how unknowledgeable you are about the subject. You’ve probably heard…