Author: FX
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…
AMZN Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of i. Direction: Upside in (v). Details: The market appears to be completing a five-wave sequence within wave i, with wave (v) currently unfolding. Wave (iii) previously extended, supporting ongoing upside potential in wave (v). AMZN Elliott Wave Technical Analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of i. Direction: Upside in (v). Details: With wave iii and wave i of (v) showing similar lengths, wave v could extend. This extension might drive price action toward the top of Minor Group 1, targeting $230. This…
Annual inflation in Germany declined to 2% in June from 2.1% in May. EUR/USD stays in daily range slightly above 1.1700. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis’ flash estimate showed on Monday. On a monthly basis, the CPI remained unchanged, compared to the market expectation for an increase of 0.2%. The Harmonized Index of Consumer Prices in Germany, the European Central Bank’s preferred gauge of inflation, declined to 2% on a yearly basis after rising 2.1% in May. This reading came…
Gold price moves toward $3,300 but US equity strength caps gains.Fiscal concerns loom as Trump’s Big Beautiful Tax Bill comes into focus ahead of the July 4 deadline.XAU/USD looks ahead to Thursday’s Nonfarm Payroll (NFP) report for signs of when the Fed may cut rates.Gold (XAU/USD) continues to trade below $3,300 at the time as markets brace for heightened volatility ahead of Friday’s US Independence Day holiday.Political developments in the United States have taken center stage, with President Donald Trump’s administration accelerating efforts to pass the “One Big Beautiful Bill” by his self-imposed July 4 deadline. The legislation, which narrowly…
The Channel Based on the Fibo levels MT4 Indicator is a custom tool designed to plot dynamic channels using Fibonacci retracement levels. It automatically adjusts based on recent price swings, forming a visually clear path for where price may find support or resistance. Traders don’t need to manually draw lines or guess where the key levels are — the indicator does it all for them. This makes it especially helpful for beginners or those who want to save time while analyzing the chart. How It Works in Real-Time Trading This indicator draws upper and lower channel lines based on Fibonacci…
Will continue working with US to reach an agreement while defending national interestAware of Trump’s comment on autos, will decline to talk about itBelieves that understanding deepens each time talks are heldIn case you missed it, Trump said that Japan is engaging in “unfair” trade with the US on autos and says that they should increase energy imports from the US to address the trade deficit. His full quote: “They won’t take our cars, and yet we take millions and millions of their cars into the US. It’s not fair, and I explained that to Japan, and they understand it.…
Retail Sales in Germany rose 1.6% over the year in May.EUR/USD defends bids above 1.1700 following the downbeat data.Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday.The market forecast was for a 0.5% increase.On an annual basis, Retail Sales rose 1.6% in May vs. April’s 2.9% revision.Market reactionThese data has limited impact on the Euro (EUR). At the press time, EUR/USD is trading 0.04% higher on the day at 1.1725. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major…
manassanant pamaiJapan’s industrial production increased by 0.5% month-over-month in May 2025, shifting from a 1.1% drop in the previous month but missing market consensus of a 3.5% growth, flash data showed. On an annual basis, industrial output slipped by 1.8%, reversing a 0.5% gain Source link
China's weak factory activity maintains pressure for more stimulus as tariff risks weigh Source link
GBP/AUD is poppin’ up long wicks near a range resistance area. Will the pair draw enough bearish pressure to stay inside its technical pattern? Or will the bulls force an upside breakout? GBP/AUD 4-hour Forex Chart by TradingView The British pound had a solid week, getting a boost from the BOE’s slow and steady take on rate cuts despite a weakening labor market. On the other hand, the Aussie struggled as traders shifted their focus to U.S. tariff risks, but a weaker CPI print kept RBA rate cut hopes alive, which could be just what the Aussie economy needs. Will…