Author: FX

Prior 87.5Current conditions 86.2 vs 86.5 expectedPrior 86.1Expectations 90.7 vs 90.0 expectedPrior 88.9; revised to 89.0The headline estimate improved only marginally but the good news is the uptick in expectations/outlook at least. That suggests a more optimistic view on the German economy as tariff fears continue to be brushed aside for the time being. This article was written by Justin Low at www.forexlive.com. Source link

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.56 per barrel, down from Monday’s close at $66.99.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.05 after its previous daily close at $69.27. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a…

Yesterday’s headlines got traders sellin’ the U.S. dollar against major counterparts like the Loonie! Will this lead to USD/CAD extending its month-long downtrend? Here’s what we’re looking at! USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar has been on the back foot lately, weighed down by fresh Middle East tensions after the U.S. got involved over the weekend, a drop in 10-year Treasury yields, and a handful of dovish remarks from FOMC members. Meanwhile, the Canadian dollar got a brief lift from higher oil prices, but that pop faded just as quickly. Potential profit-taking…

Morning Bid: Trump touts 'forever' ceasefire, oil slides Source link

The Eurozone economy continued to show minimal growth in June as manufacturing output gains were largely offset by persistent weakness in the services sector, according to flash PMI data released Monday. While Germany showed tentative signs of improvement, France extended its contraction for a tenth consecutive month, highlighting the region’s uneven recovery trajectory. Key Takeaways from June Flash PMI Reports Eurozone Composite PMI held steady at 50.2, unchanged from May, maintaining the streak of marginal growth above the 50.0 expansion threshold for six consecutive months German business activity returned to growth at 50.4 (May: 48.5), driven by manufacturing strength with…

EUR/AUD has been cruising higher inside an ascending trend channel, and it looks like the latest bounce off the top could trigger a correction to support. Here are the levels to watch on the 4-hour chart. EUR/AUD 4-hour Forex Chart by TradingView This pair popped sharply to test its ascending channel resistance early in the week, as traders reacted nervously to U.S. attacks on Iran over the weekend. However, improving risk sentiment allowed the channel top to hold, bringing EUR/AUD close to pullback levels. The Fibonacci retracement tool shows where buyers could be waiting to sustain the uptrend. Are we…

The RBA leaned slightly more dovish than expected during their latest rate statement, so will a dip in headline annual inflation bolster easing expectations? Expectations are for a dip from 2.4% to 2.1% year-on-year for April, which would still be within the central bank’s target range, but is a downside surprise possible? Here’s what to expect from the CPI release. 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

Markets kicked the week off on a cautious note after Trump dropped a bombshell (literally) on Iran over the weekend. Crude oil gapped higher on heightened global supply jitters but soon unwound its gains sharply on reports that Iran refrained from disrupting oil tanker traffic in the Strait of Hormuz. Here are headlines you may have missed in the last trading sessions! Headlines: U.S. military bombers struck Iran’s three main nuclear sites over the weekend, contrary to earlier plans to delay decision by two weeks Australia S&P Global Services PMI Flash for June 2025: 51.3 (50.1 forecast; 50.6 previous) Australia…

S&P Global’s flash PMIs showed that U.S. business activity kept growing in June but lost a bit of steam, with the composite PMI dipping to 52.8 from 53.0 in May. It’s still above that all-important 50 line, but the pace of growth is slower than what we saw in late 2024 and is now at a two-month low. Flash Manufacturing PMI for June: 52.0 (52.0 previous) Flash Services PMI for June: 53.1 (53.7 previous, 2-month low) Flash Composite PMI for June: 52.8 (53.0 previous, 2-month low) If you’re not familiar with PMI, check out our guide to Purchasing Managers Index…

From a couple of weeks ago:Japan upper house election to be held on July 20 (Japanese media report)The 2025 Japanese House of Councillors election was scheduled to be held by July 22, so July 20 seemed pretty much lcoked in.Confirmed now.It’s a half-election for the upper house, with 124 of the 248 seats up for grabsthe ruling LDP-Komeito coalition must retain at least 125 seats to maintain its majority in the upper house.PM Ishiba, who assumed the premiership in November 2024 following the LDP’s loss of its lower house majority, now leads a minority government.PM Ishiba This article was written…