Author: FX

Dollar advances as Mideast worries rise and as Powell flags inflation risks Source link

Last week, we looked at CHF/JPY for a potential breakout play as markets reacted to a less hawkish tone from the BOJ. Since then, the pair pushed to fresh June highs around 178.25 before running into steady selling pressure. Are we looking at a possible pullback opportunity? CHF/JPY 4-hour Forex Chart by TradingView The Swiss franc got a leg up earlier this month thanks to cooling global trade tensions, whispers of a Russia-Ukraine peace deal, and the U.S. dollar losing its shine. That combo pushed CHF/JPY all the way up to the R1 Pivot Point around 178.26. But the vibe…

The PowerTrend MT4 Indicator is a trend-following tool used in MetaTrader 4. It analyzes price momentum and direction, presenting easy-to-read visual signals that help traders identify strong bullish or bearish moves. Instead of relying on several different indicators, PowerTrend simplifies the process by combining momentum and trend confirmation into one display. It’s especially useful for beginners and intermediate traders who want clear, visual trend identification without digging through complex charts or formulas. How Does PowerTrend Work? The indicator typically displays colored bars or arrows on the chart, making it easy to see when a trend is starting or ending. A…

Markets traded cautiously on Wednesday as investors juggled hawkish Fed signals with growing Middle East tensions. Equities ended flat, gold sold off, oil dipped, and the U.S. dollar rebounded late in the session after Fed Chair Powell warned of persistent inflation pressures. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac leading index for May: -0.1% m/m (0.2% m/m forecast; 0.0% m/m previous) U.K. retail price index for May: 4.3% y/y (4.7% y/y forecast; 4.5% y/y previous); 0.2% m/m (0.6% m/m forecast; 1.7% m/m previous) U.K. CPI for May: 0.2% m/m (0.3% m/m forecast;…

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…

The FOMC maintained its benchmark interest rate at 4.25-4.50% for the fourth consecutive meeting while revising economic projections lower for growth and higher for inflation, signaling a more cautious stance on monetary easing. Key Takeaways from the June FOMC Statement Interest rates held steady at 4.25-4.50% for fourth consecutive meeting as expected Economic growth downgraded with 2025 GDP forecast revised down to 1.4% from March’s 1.7% projection Inflation outlook worsened as 2025 PCE inflation forecast increased to 3.1% from 2.8%, reflecting persistent price pressures Unemployment projections raised slightly to 4.5% for year-end 2025 from previous 4.4% estimate Uncertainty acknowledged but…

The FirstStrike MT4 Indicator is a price-action-based tool designed to help traders identify breakout opportunities at the start of the trading day. It focuses on a simple concept: capturing early momentum by analyzing the range between high and low prices during a specific time window, typically from the London open. Plotting potential breakout levels above and below this range gives traders a visual guide to where price might make its next big move. Why FirstStrike Stands Out Unlike many complicated indicators filled with confusing signals, the FirstStrike MT4 Indicator keeps things clear and to the point. It draws horizontal lines…

The Australian Unemployment Rate is forecast to have held steady at 4.1% in May. Employment Change is expected to post a modest 25K advance after a 89K gain in April.The Australian Dollar should benefit from upbeat figures regardless of the market’s sentiment. The Australian Bureau of Statistics (ABS) will release the May monthly employment report at 01:30 GMT on Thursday. The country is expected to have added 25K new job positions, while the Unemployment Rate is projected to hold steady at 4.1%. Ahead of the announcement, the Australian Dollar (AUD) retains its overall strength, and the AUD/USD pair trades near…

The q/q expected for New Zealand GDP is pointing towards an economy climbing its way out of the mid-2024 slump. The Y/y is expected to still be negative but q/q should be encouraging. The Australian jobs report is expected to show solid (jobs +25K in May is the central estimate), but not spectacular (+89K was the April result!). An improved showing from the private sector would be welcome, we await the details. As noted in the screenshot, it’s a US holiday today, Thursday, June 19, 2025. Bonds, equities, futures will be closed – I’ll come back with the details -…

US President Donald Trump said that he would have a meeting in an hour, to discuss the Iran-Isreal conflict, and reaffirmed that Iran should have made a deal. He added that if Iran wants to come to the White House, he may do that.On that headline, WTI prices tumbled from $73.94 to $72.14, and Gold prices followed suit, from around $3,380 to a fresh daily low of $3,368.Key Quotes:I haven’t closed the door on meeting Iran. Ending the Mideast conflict as soon as possible is the goal.I think Iran was a few weeks away from a nuclear weapon.When asked about…