Author: FX
Trump faces uproar from MAGA base over possible Iran strike Source link
Q1 GDP rose 0.8% q/q, slightly above our 0.7% forecast and stronger than the RBNZ’s 0.4%. Services and manufacturing drove the gains, while construction stabilised after a year of contraction. The economy has now posted back-to-back q/q expansions, but output remains below potential, Standard Chartered’s economists Bader Al Sarraf and Nicholas Chia report. Perfecting the landing is another story”New Zealand’s Q1 GDP expanded by 0.8% q/q (-0.7% y/y), marginally above our estimate (0.7% q/q), and stronger than the Reserve Bank of New Zealand’s (RBNZ’s) projection (0.4% q/q). This marks the second consecutive quarter of growth following last year’s technical recession,…
XAG/USD slips for a second day, easing from a fresh 12-year high near $37.32.Geopolitical tensions and structural supply deficits keep the medium-term outlook bullish.Daily RSI shows bearish divergence; key support seen at $35.30–$35.50 zone.The Silver (XAG/USD) edges lower for the second consecutive day on Thursday, retreating from a fresh multi-year high of $37.32 touched on Wednesday, as traders lock in profits following the Federal Reserve’s (Fed) cautious policy pause. The Fed held rates steady but signaled that borrowing costs may remain elevated for longer, giving the US Dollar some breathing room and weighing slightly on precious metals.At the time of…
Gold prices trade flat as markets balance the Fed’s data-dependent stance with rising geopolitical risks.The US Dollar temporarily stalls as US President Trump meets with his national security team to discuss the next steps in addressing the Israel-Iran conflict.XAU/USD trades in a narrow range as markets await developments on Middle East tensionsGold (XAU/USD) is trading within a tight range on Thursday, consolidating between $3,360 and $3,400. These levels have repeatedly served as key short-term support and resistance over recent sessions. With the United States (US) observing the Juneteenth holiday, lower trading volumes have resulted in subdued price movements, although underlying risks remain…
In the video above, I kickstart the trading day in NA by outlining the technicals that are driving the 3 major currency pairs today – the EURUSD, USDJPY and GBPUSD. The USD is little changed vs the EUR and the GBP but up vs the JPY (by 0.43%). The biggest movers are the AUD and the NZD which each declining vs the greenback by 0.61%. The USDCHF is marginally lower (by -0.11%) despite a 25 basis point cut from the SNB today. The USDCHF did enter the meeting just short of the 38.2% of the move down from the May…
Pound Sterling trades with caution as investors await BoE’s interest rate decision The Pound Sterling (GBP) trades cautiously against its major peers on Thursday ahead of the Bank of England’s (BoE) monetary policy announcement at 11:00 GMT. Investors expect the BoE to leave borrowing rates steady at 4.25%, with a 7-2 majority vote. BoE Monetary Policy Committee (MPC) members Swati Dhingra and Alan Taylor are expected to support an interest rate cut, as they endorsed a larger-than-usual 50 basis points (bps) interest rate reduction in the May policy meeting. Read more… GBP/USD Forecast: Buyers remain on sidelines ahead of BoE…
The MIndex MT4 Indicator is a momentum-based tool designed to help traders identify overbought and oversold conditions with precision. It works by analyzing market strength and visualizing that data in an easy-to-read format. Whether the market is ranging or trending, MIndex helps traders understand what’s happening behind the candles. Instead of relying on guesswork, traders use this indicator to confirm signals and avoid unnecessary risks. Key Features and Benefits MIndex is known for its simplicity and visual clarity. It typically displays as a line or histogram under the chart, allowing users to spot shifts in momentum quickly. When the MIndex…
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…
Looking for an opportunity to jump on gold’s uptrend? XAU/USD is fast approaching a key support area. Check out what we’re seeing on the 4-hour time frame! XAU/USD 4-hour Chart by TradingView Gold has lost some of its shine in recent days as the Israel-Iran conflict pushed traders back into the U.S. dollar for safety. Hawkish Fed commentary, especially the focus on sticky goods inflation, also helped lift USD demand. That said, the outlook could flip fast if the U.S. confirms direct involvement in the Middle East conflict, which might shift the safe haven flows back in gold’s favor. Is…
Dollar advances as Mideast worries rise and as Powell flags inflation risks Source link