Author: FX
Who’s looking to hop on the U.S. dollar bear train? If that’s you, then keep a close eye on the U.S. ISM manufacturing PMI. Our Event Guide hints at a possible miss, especially with some of the leading indicators already showing cracks. If Uncle Sam’s factory gauge adds to the dollar’s losing streak, then AUD/USD and USD/JPY are a couple of setups you’ll definitely want on your radar. 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…
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…
Markets kicked off the week on a bullish note as trade optimism fueled risk appetite and powered fresh record highs in U.S. equities. With major data and central bank speeches on deck, traders wasted no time adjusting positions in anticipation of more rate cut drama. Here are headlines you may have missed in the last trading sessions! Headlines: U.S., Canada to resume trade talks after Ottawa drops Digital Services Tax Treasury Secretary Bessent hinted that the next Fed Chair could join the Fed as soon as January Japan industrial production prel for May: 0.5% m/m (0.4% m/m forecast; -1.1% m/m…
Uncle Sam is scheduled to print its June ISM manufacturing PMI soon, and upside surprise could boost USD ahead of the NFP release. Our Event Guide for the ISM Report discussed how the S&P Global flash PMI for the same month indicated a 12-month high in the industry’s jobs component, so there could be a case for stronger than expected results. Here’s what I’m looking at on USD/JPY and GBP/USD in this scenario. 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…
This week’s upcoming U.S. ISM manufacturing PMI report can guide traders in positioning for the NFP release. Will we see early fireworks before the Fourth of July holiday? Here are the points to know when trading this major report. 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
The Fan Simple 8 MT4 Indicator is a trend-based tool designed to help traders understand market direction using fan lines. These lines are drawn on the chart in a layered, “fan” shape, showing multiple support and resistance levels. Unlike complex indicators with too many settings, this one is straightforward. It shows the trader how the price reacts within each layer, helping them spot potential breakouts or trend continuations. The visual layout makes it suitable even for beginners who are still learning how to read the market effectively. How It Works on the Chart When applied to…
Oil edges down on expectations of more OPEC+ supply, tariff fears Source link
Japan plans to start extracting rare earth elements from the seabed near Minami-Torishima Island in fiscal 2025, beginning January 2026, according to Nikkei Asia (gated). In brief:The project, aimed at reducing dependence on China for critical minerals used in electric vehicles and electronics, was originally set for 2024 but was delayed due to a late pipe delivery.Location: Pacific Ocean, approximately 1,900 km southeast of Tokyo, near Minami-Torishima IslandResources: Mud rich in rare earths, including cobalt and nickelTimeline: Extraction to begin in early 2026Strategic Goal: Diversify Japan’s supply chain for rare earths, currently dominated by China Later this year, ForexLive.com is…
IMF to provide Ukraine with $500 million after review Source link
USDCAD technicalsThe USDCAD extended its decline today, pushing to new session lows and retesting the key support level at 1.3617—the low from last week. The downside momentum gathered pace after the pair failed to hold above the 100- and 200-hour moving averages earlier in the day, where sellers reasserted control and capped upside attempts.The move comes as fresh optimism surrounds the prospect of a renewed U.S.–Canada trade deal following Canada’s decision to withdraw its proposed Digital Services Tax. The removal of this tax—previously a key source of tension—has opened the door for resumed trade discussions, helping boost sentiment around the…