Author: FX
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…
GBP/USD has pulled back up after breaking a trend support earlier this week. Are we looking at an opportunity to jump on a longer-term reversal? We’re taking a closer look at the 4-hour time frame! GBP/USD 4-hour Forex Chart by TradingView In case you missed it, the British pound slipped after the Bank of England (BOE) held rates steady in a 6 to 3 vote, with three members backing a cut. That was seen as a dovish lean, but Governor Bailey’s steady tone helped the pound bounce off its lows. At the same time, talk of possible U.S. involvement in…
The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause.The US stated that it will decide whether to attack Iran directly in the next two weeks.This week, the Fed left interest rates steady and warned of upside inflation risks.The Indian Rupee (INR) snaps a three-day losing streak on Friday, trades higher to near 86.60 against the US Dollar (USD) during the European session. The USD/INR pair corrects after posting a fresh two-month high around 86.93 on Thursday as the Indian Rupee gains, while the Oil price struggles to extend its…
Markets started off steady but turned shaky as central bank decisions and Middle East tensions shook risk appetite. Stocks tumbled, oil spiked, gold wobbled near its lows, and the dollar danced between safe-haven demand and rate hike speculations. Here are headlines you may have missed in the last trading sessions! Headlines: WSJ: Trump privately approved attack plans for Iran but has withheld final order New Zealand GDP for Q1 2025: 0.8% q/q (0.7% forecast, 0.5% previous) Australia employment change for May: -2.5k (15.0k forecast; 89.0k previous); unemployment rate held at 4.1% vs. 4.1% forecast/previous Australian funds cut US Treasury holdings…
Japan's core inflation hits 2-year high, keeps rate-hike bets alive Source link
The Bank of England (BOE) held its Bank Rate unchanged at 4.25% in June, as widely expected. However, the vote split revealed more dovishness than anticipated, with three of nine Monetary Policy Committee (MPC) members voting for an immediate 25 basis point cut to 4.0%. Governor Andrew Bailey maintained that “interest rates remain on a gradual downward path” but emphasized the world is “highly unpredictable,” citing escalating Middle East tensions and rising oil prices as key concerns. The central bank expects inflation to remain around 3.5% for the remainder of 2025 before falling back toward the 2% target next year.…
The Complex Pairs MT4 Indicator helps traders track the movement of several related currency pairs on one chart. This feature is especially useful for those who trade pairs like EUR/USD and GBP/USD or USD/JPY and EUR/JPY, where price movements are often connected. Instead of opening multiple windows, users can now spot connections and price behavior differences from a single view. Spot Divergences and Confirm Signals This indicator is not just about showing extra lines on a chart—it helps traders confirm entries and exits. By comparing how two or more pairs are moving, it becomes easier to catch early signs of…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…
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…
Trump faces uproar from MAGA base over possible Iran strike Source link