Author: FX
Silver consolidates just below its highest level in more than two weeks set on Thursday.The mixed technical setup warrants some caution before placing fresh directional bets.Any corrective slide might still be seen as a buying opportunity and remain cushioned.Silver (XAG/USD) holds steady below the $37.00 mark during the Asian session on Friday and remains within striking distance of over a two-week high touched the previous day. Meanwhile, the constructive technical setup suggests that the path of least resistance for the white metal remains to the upside. The daily Relative Strength Index (RSI, 14) remains above 50 and validates the positive…
CAD/CHF just bounced off fresh 2025 lows, but nearby resistance levels could make life tough for the bulls. Is this a chance to catch the next leg lower in what’s been a steady downtrend? CAD/CHF 4-hour Forex Chart by TradingView CAD/CHF has been trending lower since mid-June, printing a series of lower highs and lows as oil prices slipped and trade deal uncertainty between the U.S., Canada, and other global partners weighed on sentiment. Meanwhile, the Swiss franc gained ground as an alternative to the U.S. dollar. Traders took shelter in the franc while pricing in U.S. fiscal concerns, Fed…
The U.S. job market showed surprising strength in June, with nonfarm payrolls rising by 147,000 compared to the 110,000 jobs forecast. That marked a solid rebound from May, although the private sector only added 74,000 jobs, the weakest gain since October when hurricanes disrupted hiring. Most of the upside came from state and local governments, which added 70,000 positions. Healthcare contributed 39,000 jobs, and leisure and hospitality brought in another 20,000. On the weaker side, manufacturing and professional business services both lost 7,000 jobs, likely dragged by pressure from ongoing tariff policies. Federal government employment also dropped by 7,000 due…
Trump signs order to raise national park fees for foreign visitors Source link
EUR/GBP has been cruising higher inside an ascending channel on its 4-hour chart, and it looks like another correction is due. Check out these pullback zones I’m watching! EUR/GBP 4-hour Forex Chart by TradingView This euro pair has been on a steady climb in the past month, as European Central Bank officials have stressed their “wait and see” stance as opposed to the Bank of England’s relatively dovish bias. Expectations of an August BOE cut, combined with the sharp decline in U.K. gilts earlier this week, boosted EUR/GBP to the top of its ascending channel, which is holding as a…
Markets fired on all cylinders Thursday after the U.S. posted a stronger-than-expected jobs report, sending the dollar surging and gold tumbling as Fed rate cut hopes took a hit. Stocks rallied, Treasury yields climbed to fresh highs, and Bitcoin managed to defy the usual macro moves with steady gains while oil swung on dollar strength and supply concerns. Here are headlines you may have missed in the last trading sessions! Headlines: U.K. PM Starmer has backed Rachel Reeves to remain Chancellor for “many years to come” Australia Balance of Trade for May 2025: 2.24B (5.2B forecast; 5.41B previous) China Caixin…
The New Fractal Lines MT4 Indicator is designed to plot dynamic horizontal lines based on recent fractals. These lines serve as potential support and resistance levels. When the market breaks or bounces off these zones, traders get a clear visual cue to either enter or exit trades. Since fractals mark turning points in price, this tool helps spot trends and reversals with greater confidence. It’s simple, clean, and works well on multiple timeframes. Why Fractals Matter in Trading Fractals are not new, but many indicators fail to use them effectively. This tool changes that. Instead of just marking fractals with…
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…
Code of practice to help firms comply with AI rules may apply end 2025, EU says Source link
Non-farm payrollsCIBC is out with a review of today’s US non-farm payrolls report and concludes that it’s “nothing to write home about”.The jobs report showed hiring at a 147K pace in June, above expectations of 110K and the prior two months were revised up by +16K. The US dollar initially jumped on the headlines in part because yesterday’s ADP employment number showed a surprise contraction in jobs.”Today’s report was flattered by strong state and local government hiring, especially in state educational services that does not look durable,” CIBC writes, noting that private sector hiring was ‘pretty soft’.Still, the jobs market…