Author: FX
FXPrimus, a leading global brokerage, proudly announces the launch of Synthetic Indices; instruments designed for traders who want uninterrupted market activity. They offer engineered volatility and a clean, structured high performance trading environment.Unlike traditional assets affected by news events, economic reports, or geopolitical shifts, Synthetic Indices simulate real-market price behaviors using robust, mathematically modeled random number generation, creating an always-available, internally consistent trading experience.“Our Synthetic Indices were created for serious traders looking to break away from unpredictable external events and focus entirely on their strategy and execution,” said the Chairman of FXPrimus, Mr. Costas Georgiades. “This launch is part of…
GBP/USD depreciates as the US Dollar gains ground amid increased risk sentiment.President Trump is preparing to announce a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports.The UK Office for Budget Responsibility warned that public finances are on an unsustainable long-term trajectory.GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion. On Tuesday, US President Donald Trump told reporters at a White House cabinet meeting to impose a 50% tariff on Copper imports but he did not say when…
NZD/CAD can’t seem to crack fresh lows as it tests a technical support area. Will this lead to a bounce higher for the pair? We’re keeping a close eye on the 4-hour chart for clues! NZD/CAD 4-hour Forex Chart by TradingView The New Zealand dollar got a bit of love earlier today after the Reserve Bank of New Zealand (RBNZ) held rates steady, catching a few traders off guard who were looking for a cut. Over in Canada, the Loonie is not getting much juice from rising oil prices, with traders more focused on U.S. tariff headlines and speculations that…
Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 397.05 Saudi Riyals (SAR) per gram, down compared with the SAR 398.11 it cost on Tuesday. The price for Gold decreased to SAR 4,631.14 per tola from SAR 4,643.51 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 397.05 10 Grams 3,970.51 Tola 4,631.14 Troy Ounce 12,350.08 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken…
As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. The Monetary Policy Committee reached consensus to hold rates steady after deliberating between a 25 basis point cut to 3.0% and maintaining the current level, reflecting central bank’s cautious approach amid heightened global policy uncertainty. Key Takeaways: RBNZ kept OCR on hold at 3.25% – Committee chose patience over immediate action, marking a pause in their easing cycle Inflation trajectory unchanged – Annual CPI expected to rise toward the top of the 1-3% target band in mid-2025 before returning to around…
The spotlight remained fixed on tariffs headlines for the most part of the day, as Trump later on suggested targeting semiconductors and pharmaceutical imports next. Meanwhile, the Australian dollar chalked up some decent moves of its own after the RBA announced a surprise policy decision. Here are headlines you may have missed in the last trading sessions! Headlines: Japan Bank Lending for June 2025: 2.8% y/y (2.4% y/y forecast; 2.4% y/y previous) Japan Current Account for May 2025: 3,436.4B (3,000.0B forecast; 2,258.0B previous) Japanese Finance Minister Kato clarified that there have been no FX rate discussions with U.S. Treasury Secretary…
J.P. Morgan says emerging market currencies are showing signs of being overbought and expects a tactical pullback in the near term. The bank is adjusting its positioning, revising down its previously bullish stance on EMFX. As part of the shift, J.P. Morgan is scaling back its overweight recommendation on the Mexican peso (MXN), which has been one of the standout performers in the space. While structural support for EMFX remains intact, the bank warns that recent gains may have outpaced near-term fundamentals, warranting a more cautious tactical stance. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for…
Israeli military says it struck key Hamas figure in Lebanon's Tripoli Source link
The US Treasury to increase T-bill issuance. Specifically they will increase four, six, and eight week billsThey say that they do not expect to issue cash management bills. As a result of the debt ceiling increase, they will to increase cash balances to 500 billion by the end of July.Pres. Trump has indicated that with the Fed not cutting rates, that it doesn’t make sense to issue long dated securities. I wonder if this is the start of that shift to that strategy?Of course, the Fed doesn’t control longer term rates. They are market-driven. If there is a more accommodative…
GBP/USD Forecast: Pound Sterling sellers look to retain controlAfter losing more than 0.3% on Monday, GBP/USD staged a rebound early Tuesday but failed to gather momentum. The pair stays in a consolidation phase slightly above 1.3600 in the European session.The cautious market mood helped the US Dollar (USD) gather strength at the beginning of the week and caused GBP/USD to push lower. Although the White House announced that the deadline for the implementation of tariffs will be pushed to August 1, safe-haven flows dominated the action as the letters sent out by US President Donald Trump to trading partners showed…