Author: FX

Markets had a mixed day as traders reacted to weaker-than-expected U.S. jobs data, new trade headlines, and fresh concerns about U.S. and U.K. government spending. Stocks and Bitcoin climbed, gold gained on Fed rate cut expectations, and oil jumped after Iran cut ties with nuclear inspectors. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand NZIER business confidence for June 30: 22.0% (6.0% forecast; 19.0% previous) New Zealand building permits for May: 10.4% m/m (-1.8% m/m forecast; -15.6% m/m previous) Australia S&P Global manufacturing PMI final for June Japan Tankan large manufacturers index for…

Tesla sold 61,000 electric vehicles in China in June, up 3.7% y/yNo further details at this stage This article was written by Eamonn Sheridan at www.forexlive.com. Source link

The Float Pivot MT4 Indicator is a technical analysis tool that plots pivot levels based on the most recent market action. Unlike traditional pivot points, which rely on fixed timeframes like daily or weekly data, this indicator floats with the price. It recalculates pivot levels continuously, helping traders see more relevant zones of support and resistance. This makes it especially useful in fast-moving or volatile markets, where fixed pivots might be too rigid. How It Works on the Chart Once added to the MT4 chart, the Float Pivot draws dynamic pivot lines that shift with new price information. These lines…

The U.S. has given Enterprise Products Partners the green light to restart ethane exports to China, the company announced on Wednesday, reversing a licensing restriction introduced only weeks earlier as trade tensions shifted from tariffs to supply chain controls.In late May and early June, the U.S. imposed new curbs on ethane and various other exports to China, citing Beijing’s delays in sending rare earth materials critical to industries like automotive. The restrictions were rolled back on Wednesday after the U.S. and China reached an agreement last week on the flow of rare earth minerals and magnets to the U.S.Trade relations…

US natgas prices gain over 2% on mid-July heat forecasts, more cooling demand Source link

EURUSD technicalsSince May 12, the EURUSD has been steadily trending higher, rising from a low of 1.1065 to a high of 1.18266 this week—a gain of 761 pips over 37 trading days, or 6.88%. The rally has been supported by solid upside momentum and broad-based dollar weakness..On a year-to-date basis, the EURUSD is up an impressive 13.78%, after closing 2024 at 1.0354. The rise has been fueled by sustained dollar selling in 2025, driven by mounting concerns over U.S. debt levels and a reallocation of global capital. This strength has come even as eurozone rates have moved lower, highlighting the…

Gold price pauses above $3,340 as markets look ahead to Thursday’s Nonfarm Payrolls (NFP) report.President Trump’s tax bill heads to the House of Representatives after passing the Senate on Tuesday. Fiscal concerns support demand for bullion.XAU/USD price action stalls below the 20-day simple moving average, providing resistance at $3,350.Gold (XAU/USD) price is trading in a tight range as traders digest Wednesday’s Automatic Data Processing (ADP) employment data and look ahead to Thursday’s Nonfarm Payroll (NFP) report.With XAU/USD hovering near $3,340 at the time of writing, US President Trump’s tax bill and interest rate expectations continue to drive demand for bullion.The…

IONQ Elliott Wave analysis Function: Counter Trend. Mode: Corrective. Structure: Corrective. Position: Wave A of y. Direction: Downside in Wave C Details: Price targeting $25 and then $20 as Wave C nears completion. In the daily timeframe, IonQ, Inc. (IONQ) is advancing through the final stages of its corrective structure. Wave C, within Wave y, is leading the price toward the $25 level, and potentially to $20. This movement suggests the conclusion of a larger corrective phase may be near. As Wave B finishes, a decline in Wave C is likely to follow, setting up a possible short-term bearish opportunity.…

GBP/JPY stays under strong selling pressure and trades below 196.00 on Wednesday.UK gilt selloff weighs on Pound Sterling.UK Prime Minister Keir Starmer refused to confirm that finance minister Rachel Reeves will remain in her position.Pound Sterling stays under heavy selling pressure on Wednesday as markets assess the latest political developments in the UK. At the time of press, GBP/JPY was trading at its lowest level in two weeks near 195.50, losing 0.8% on a daily basis.British finance minister Rachel Reeves seemed visibly upset during PMQs on Wednesday after Prime Minister Keir Starmer refused to guarantee that she would remain in…

Are you still on track to meet your trading goals? Are your trading systems living up to their back and forward testing potential? If you feel frustrated over your performance, don’t worry. It may be that you’re forgetting a few basic truths about trading. Let’s take a reality check on some truths that not a lot of traders will tell you but will help your trading journey: 1. It takes money to make money. While a lot of traders have been successful starting small, they’ve also had to deal with pitfalls involved with trading small accounts. Trading with oversized and overleveraged…