Author: FX
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…
The DT-ZigZag-ATR Indicator is a custom technical tool made for MetaTrader 4. It improves on the classic ZigZag indicator by adding ATR into the mix. While the regular ZigZag just shows price swings based on percentage movement, this version considers the average volatility of the market. That means it adapts to different conditions and filters out market noise more effectively. Traders can use it to identify major highs and lows with fewer false signals. How It Works in Real Trading When the DT-ZigZag-ATR Indicator is added to a chart, it draws lines connecting key swing highs…
Trump announces Israel-Iran ceasefire Source link
Looks like the flinging around of missiles and what have you might slow down … back to the supply chain stuff!The Wall Street Journal (gated) carried a report on Monday, US time, about major auto manufacturer Ford still struggling to access magnets made with rare-earth elements to use on production. In brief:“It’s hand to mouth—the normal supply-chain scrambling that you have to do,” said Lisa Drake, a vice president overseeing Ford’s industrial planning for batteries and electric vehicles…. The situation has improved, but the company still needs to “move things around” to avoid manufacturing shutdowns Ford in May stopped production…
The GannZigZag MT4 Indicator is a unique tool that blends the logic of the ZigZag indicator with Gann-based calculations. Unlike standard ZigZag tools that only connect highs and lows based on percentage moves or pip size, this version incorporates time and angle into the equation. It’s designed to highlight meaningful price swings while filtering out market noise. This gives traders a clearer idea of market structure and helps them make better entry and exit decisions. How It Works on the Chart Once applied, the GannZigZag draws diagonal lines across major swing highs and lows. These lines are not just based…
Fed's Goolsbee says tariffs have not had expected impact so far Source link
The Dow Jones Industrial Average (DJIA) pulled back from Monday’s early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week. According to early reporting, Iranian militants have launched a rocket strike targeting the Al-Asad Airbase, which is jointly operated by the US Air Force and the Iraqi Air Force.Iran is poised to lash out at US military assets in retaliation for US President Donald Trump ordering targeted missile strikes against Iranian nuclear facilities without congressional approval over the weekend. The action by the Trump administration marks a sharp reversal in Trump’s campaign promises…
,Indian Rupee trims early losses after safe-haven flows lifted the Dollar on US strikes against Iranian nuclear sites.USD/INR climbed close to the psychological 87.00 level before reversing as mixed US PMI data capped Dollar strength.US PMI data painted a mixed picture — the Composite PMI dipped slightly to 52.8, the Services PMI eased to 53.1 from 53.7, while the Manufacturing PMI held steady at 52.India’s Composite PMI jumps to 61.0, beating forecasts and signaling robust economic momentum.The Indian Rupee (INR) kicked off the week on a softer note, weakening against the US Dollar (USD) on Monday as investors flocked to…
EURUSD technicalsAfter a soft European open, an early rally in the Asian session saw the EURUSD stall at the 200-hour MA (≈ 1.1518) and slipped under the 100-hour line (1.1496). Dip-buyers on the 2nd move lower on the day, stepped in just ahead of last week’s swing floor at 1.1445, marking another successful defense of that level (see green numbered circles).Fresh USD selling followed dovish remarks from Fed Governor Bowman—echoing Waller’s “July cut” hint from Friday—while calmer headlines out of the Middle East nudged Treasury yields lower. The pair powered back above both hourly averages and is now poking at…
FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market. Key Quotes Open to cutting rates as soon as the July FOMC meeting if inflation pressures stay contained. Should put more weight on downside risks to the job market going forward. It is time to consider adjusting the policy rate. Trade policy only likely to have ‘minimal impacts’ on inflation. Data not showing much impact from trade policy shifts. Government…