Author: FX

Dollar Index falls after the Fed’s preferred measure of inflation, the core PCE, rises in May.US Dollar continues to weaken, with the DXY nearing Thursday’s low of 97.00US Michigan Consumer Sentiment Index and Michigan Expectations ahead, providing additional insight into how consumers feel about current conditions.The US Dollar Index (DXY) is nearing 97.00 support as investors digest the latest batch of inflation data released out of the United States.Friday’s US core Personal Consumption Expenditure (PCE), released by the US Bureau of Economic Analysis, has served as an additional catalyst for DXY.This report, which represents the pace at which prices are…

USD/INR slides to two-week low amid broad US Dollar weakness and strong Rupee demand.Rupee supported by FII inflows, equity market gains, and falling Crude Oil prices.DXY holds near a three-year low as Trump’s Fed criticism and soft US GDP fuel rate cut bets.The Indian Rupee (INR) strengthens further on Friday, riding a wave of US Dollar (USD) weakness, as the Greenback slides further amid political noise and soft economic prints. US President Donald Trump’s fresh criticism of Federal Reserve (Fed) Chair Jerome Powell, paired with weaker-than-expected US Q1 Gross Domestic Product (GDP) data released on Thursday, is weighing heavily on…

Core:Prior was +2.5%Core m/m 0.2% vs +0.15% expUnrounded core PCE +0.1788%Supercore (services ex-shelter) Services inflation Headline PCE:Headline PCE +2.3% y/y vs +2.3% expectedDeflator +0.1% m/m vs +0.12% expectedUnrounded m/m +0.1358%Consumer spending and income for March :Personal income -0.4% vs +0.3% expected. Prior month +0.8%Personal spending -0.1% vs +0.1% expected. Prior month +0.2%Real personal spending -0.3% vs +0.1% prior Savings rate USD/JPY was trading at 144.58 ahead of the data.This isn’t a great report on a couple fronts. The headline was in-line (though a touch high unrounded) but core was hotter than expected. The income side was weak and so was…

Forex trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, but you also have to be able to keep your eyes on the prize at all times. This is what seasoned traders refer to as self-discipline. Mark Douglas, author of Trading in the Zone, defines self-discipline as “a mental technique to redirect our focus of attention to the object of our goal or desire, when that goal or desire conflicts with some other component of our mental environment.” Self-discipline is NOT a trait that you are born with.…

Fundamental OverviewNot much has happened since the end of the Israel-Iran conflict which caused the geopolitical risk premium to vanish and weighed on gold as the safe haven flows reversed further. The price action remains mostly rangebound as we await the next catalysts to get a direction.In the bigger picture, gold remains in an uptrend as real yields will likely continue to fall amid Fed easing and just a hawkish repricing in rate cuts expectations could trigger corrections in the short term. The economic data in the next months will be particularly important for the gold market as Fed members…

The FTLM_hist stands for “Fast Trend Line Momentum Histogram.” It’s a modified momentum-based tool that visually displays market momentum using histogram bars. Instead of reading complex line graphs, users get a simple up-and-down bar view right below their chart. Green bars usually suggest bullish momentum, while red bars point to bearish pressure. This makes it super easy to understand which side of the market is stronger. How It Helps with Trade Decisions This indicator helps traders stay in tune with trend changes by offering a clear picture of momentum shifts. When the histogram flips from red to green, it often…

USD/CAD may test initial support at the eight-month low at 1.3539.The 14-day RSI remains below 50, strengthening bearish bias.The primary resistance appears at the nine-day EMA of 1.3682.The USD/CAD pair remains steady after registering over 0.50% losses in the previous session, trading around 1.3650 during the Asian hours on Friday. A persistent bearish sentiment is prevailing as the pair moves sideways within the descending channel pattern, suggested by the technical analysis of the daily chart.The 14-day Relative Strength Index (RSI) remains below the 50 level, reinforcing bearish pressure. Additionally, the USD/CAD pair has moved below the nine-day Exponential Moving Average…

China's copper smelters win better-than-expected $0 TC/RC deal from Antofagasta, sources say Source link

The U.S. Department of Energy says scheduled crude oil deliveries to the Strategic Petroleum Reserve (SPR) will be delayed until December due to maintenance at SPR sites. Originally, 15.8 million barrels were slated for delivery from January through May, but only 8.8 million have been received so far. The remaining volumes are now expected to arrive by year-end, marking a roughly six-month delay. Info via Reuters. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link

Markets had plenty to chew on Thursday, from Fed rate cut speculations and softer U.S. GDP to upbeat durable goods orders and a potential thaw in U.S.–China trade relations. Stocks and oil climbed, gold bounced off intraday lows, and the dollar slid across the board as traders shifted into risk-on mode. Here are headlines you may have missed in the last trading sessions! Headlines: WSJ: Trump considering naming next Fed Chair early in a bid to undermine Powell Germany GfK consumer confidence for July: -20.3 (-19.0 forecast; -19.9 previous) BOE Gov. Bailey said a “careful approach” to cutting rates remains…