Author: FX
The USDCAD has moved lower after trading to its highest level since April 13. The pair peaked at 1.3869 on two separate occasions during the Asian and early European sessions, with the rally stalling right within a key swing area between 1.3868 and 1.3877. That area has attracted willing sellers and could prove to be an important ceiling after the month-long rally that has taken the pair from the May low at 1.35492 to today’s high at 1.3869.For sellers to take back more control, however, the price still needs to move below the rising 100-hour moving average at 1.3818. A…
Gold (XAU/USD) falls to a fresh two-month low on Thursday as renewed attacks in the Middle East keep traders doubtful about a quick end to the US-Iran war. At the time of writing, XAU/USD is trading at $4,386 after hitting an intraday low of $4,366.US armed forces carried out a second “defensive” strike this week on Iranian military facilities. In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it targeted a US airbase in the Gulf region and warned of “more decisive” action if US “aggression” continues, according to state media.The renewed escalation comes even as both sides remain engaged…
In case you missed it, tonight an American official said that American forces struck an Iranian military site near Bandar Abbas and intercepted four one-way attack drones that had been launched toward a US navy vessel and a commercial ship. A fifth drone launcher was hit on the ground before it could fire. The Iranian side contradicted the US version, with Tehran claiming its navy had merely fired warning shots at a US tanker running without radar trying to cross the Strait of Hormuz, and that the subsequent US strike caused neither casualties nor damage. The markets went into risk-off…
UOB’s Quek Ser Leang and Lee Sue Ann report USD/JPY closed at 159.51, its second straight daily gain, and see scope for further upside. Intraday, they expect a test above 159.70, though 159.95 is unlikely to be reached yet. Over 1–3 weeks, they keep a positive bias while questioning whether 159.95 and higher levels can be achieved given still-lacklustre momentum.Dollar-Yen remains biased higher”24-HOUR VIEW: Yesterday, USD edged up for the second straight day, closing modestly higher by 0.14% at 159.51. Although upward momentum has not increased significantly, USD could continue to edge higher and potentially break above 159.70. The next…
The VSA Relative Volume Indicator for MT4 bridges that gap by showing traders not just how much volume is present, but how unusual it is compared to recent history. Miss this signal, and traders often find themselves entering on fake-outs, exiting too early, or sitting on the sidelines during a genuine breakout. That’s real money left behind – or worse, lost. This indicator gives traders a way to read the market’s effort before committing to a position. What the VSA Relative Volume Indicator Actually Does Volume Spread Analysis (VSA) is a methodology built on the work of Richard Wyckoff, later…
FAA orders SpaceX to investigate Starship booster mishap Source link
NZD/USD is sitting at a major decision zone after the RBNZ’s hawkish surprise gave Kiwi bulls a fresh push. But with key U.S. GDP and PCE data up next, the pair still has to prove it can break through the 0.5900 area instead of getting slapped back by dollar strength. Source link
Eight weeks. No losing week since late March. The S&P 500 just logged its longest winning streak since December 2023, touched fresh highs above 7,540, then pulled back. Could it mean that the rally is running out of steam and about to fade? Find out what this equity index wobble at the top could mean for the forex market and overall sentiment. What Actually Happened? The S&P 500 gained 0.9% in the week ending May 22, marking its eighth straight weekly gain. This Tuesday, it hit record territory above 7,540, then gave back roughly 35 points before the close. The…
Gold slide today as fire exchanged around Hormuz and in the norther Guld. USD higher. Oil up Latest:The Islamic Revolutionary Guard Corps said it targeted a US air base in direct retaliation for the earlier American strike near Bandar Abbas Airport, framing the missile and drone attack as a measured response to US aggression. The IRGC warned that any further US military action would trigger a more decisive response and placed responsibility for any consequences squarely on Washington. The statement removes any remaining ambiguity about Iranian intent: this is deliberate, named retaliation, not an isolated incident.-The day’s developments painted a…
With EUR/GBP bouncing off the strong support zone around .8620, bulls appear to have their sights set on the next ceiling. Will the top of the triangle hold as resistance? Source link