Author: FX

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…

Gold price falls on hopes that more trade deals will be announced before reciprocal tariffs take effect on August 1.The FOMC Meeting Minutes will be released on Wednesday, providing insight into interest rates that could influence the price of bullion.XAU/USD heads toward triangle support near $3,280 after falling below $3,300.Gold continues to trade lower on Tuesday, as markets cheer news that reciprocal tariffs will take effect on August 1, rather than July 9.US President Donald Trump’s consistent tariff threats have temporarily muted demand for the yellow metal, while supporting demand for the US Dollar. The president has announced new tariffs…

UN vote to phase out fossil fuels tests climate commitments Source link

iFX EXPO as an Industry Sentiment TestThe biggest financial B2B Expo in the world, iFX EXPO, is so much more than a networking event. It gathers the world’s largest and most prominent online trading and FinTech companies, effectively making it a barometer of the industry. The UF AWARDS Global 2025’s award ceremony takes place during the expo, and X Open Hub was extremely proud to be named ‘Best B2B Liquidity Provider’ at the UF AWARDS GLOBAL 2025. X Open Hub also seized the opportunity to have a booth at the event and, in the process, gained a more synoptic image…

The Hodrick-Prescott Channel MT4 Indicator is built on the Hodrick-Prescott filter, a mathematical tool often used in economics to remove short-term noise from long-term data. Applied to trading, this indicator generates a smooth trendline along with upper and lower channel bands. These channels help traders visualize potential support and resistance levels while clearly showing where the trend is heading. It’s like seeing the market with a clearer lens—noise fades away, and structure takes its place. How It Works on the Chart Once added to the MT4 chart, the indicator draws a central line representing the smoothed price trend and two…

The Reserve Bank of Australia (RBA) shocked markets today by keeping the cash rate unchanged at 3.85%, defying widespread expectations for a 25 basis point cut. The decision was made by a 6-3 majority vote, marking the first time the RBA has revealed its voting breakdown. Key Takeaways: RBA held rates at 3.85% vs market expectations of a cut to 3.60% Board voted 6-3 in favor of holding rates Recent monthly CPI data came in “slightly stronger than expected” Board wants more confirmation that inflation remains on track for 2.5% Cited heightened uncertainty about global trade policies and domestic demand…

URW Elliott Wave technical analysis Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with UNIBAIL‑RODAMCO‑WESTFIELD – URW. We see that URW stock has potential to increase in the medium term with a fifth wave. However, in the short term, it is not yet a reasonable buying point. This analysis will clearly show that. Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave 2‑grey of Wave 5‑orange. Details: Wave 4‑orange ended at a low of 6.39 as a triangle labeled A,B,C,D,E‑grey. Now, wave 5‑orange is moving higher, targeting the next high around 8.52. I don’t think wave 5‑orange is finished, so…

The U.S. dollar is creeping up toward a key trend resistance! Sellers have been in control so far, but a break above this level could shift the momentum. We’re watching the 4-hour chart closely to see if the dollar keeps grinding lower or finally breaks out. U.S. Dollar Index (DXY) 4-hour Forex Chart by TV The U.S. dollar picked up some momentum to start the week, thanks to a strange mix of optimism and risk-off vibes. Traders were feeling upbeat on talk that the U.S. might announce more trade deals before the July 9 deadline. There were also rumors that…

Is the Reserve Bank of New Zealand (RBNZ) ready to hold its fire on policy easing? Expectations are for the central bank to keep rates steady at 3.25% for the July meeting as hinted at during their previous announcement. Here’s what you need to know when trading this major catalyst. 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™ Plus More! Source link

It was a light day in terms of top-tier economic reports, but that didn’t stop markets from making big moves while bracing for the upcoming July 9 tariffs deadline. Geopolitical developments and OPEC+ updates also caused major waves in the energy sector, leading crude oil to close nearly 3% higher for the day. Here are headlines you may have missed in the last trading sessions! Headlines: Over the weekend, Israel military confirmed attacks on several terrorist targets in Yemen Greek-owned cargo ship in Red Sea struck by rocket-propelled grenade and gunfire on Sunday, attack linked to Houthi militants OPEC+ agreed…