Author: FX
US Supreme Court sets test for which courts can hear EPA cases Source link
AUDUSD technicalsThe AUDUSD has seen volatile two-way price action ahead of today’s FOMC rate decision, but the broader bias remains tilted to the upside. Over the past two weeks, buyers have leaned consistently against the rising 200-bar MA on the 4-hour chart (currently near 0.6462), reinforcing it as a critical support zone.To the upside, the pair faces a firm ceiling between 0.65357 and 0.65536, marked by a series of swing highs. Multiple failed attempts to break above this area suggest strong selling interest, making it a key barrier to further bullish momentum.A move above the ceiling zone would open the…
The Federal Reserve is expected to leave the policy rate unchanged for the fourth consecutive meeting.The revised Summary of Economic Projections, which includes the dot plot, could offer key clues about the policy outlook.The US Dollar could gather strength if policymakers project a single rate cut in 2025.The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the June policy meeting on Wednesday. Market participants widely anticipate the US central bank to leave policy settings unchanged for the fourth consecutive meeting, after cutting the interest…
Spain's grid operator blames power plants for blackout, disputes miscalculation Source link
After a more defensive mood yesterday, broader markets are sensing some cautious optimism so far on the day. All eyes are staying on the Middle East, awaiting the potential for US intervention on the conflict between Iran and Israel. Geopolitical tensions continue to run high and that’s the key development to watch out for in the day(s) ahead.But for the time being, investors are hoping to slowly fade that into the background with some careful gains in equities today. It doesn’t take away from the steeper decline yesterday but the risk tone is at least a bit better today. S&P…
The Harami MA RSI MACD is a unique MT4 indicator that blends three powerful tools: the Harami candlestick pattern, Moving Averages (MA), and momentum indicators like RSI and MACD. These indicators work together to filter out noise and give strong entry and exit signals. Instead of using separate charts, everything is combined in one visual, making analysis quicker and easier. This indicator highlights Harami patterns (a common reversal signal), while checking if the RSI is overbought or oversold and confirming trend direction using the MACD. It helps reduce false signals by only alerting traders when multiple conditions align. Why It…
NZD/USD is testing a major area of interest after falling from its June highs! Is the pair heading for new weekly lows? Or are we looking at a pullback opportunity? We’re taking a closer look at the 4-hour chart! NZD/USD 4-hour Forex Chart by TradingView In case you missed it, risk appetite took a hit as markets braced for deeper U.S. involvement in the Israel-Iran conflict. That knocked “risk” currencies like Kiwi lower, while the U.S. dollar soaked up safe haven flows and maybe a little profit taking ahead of the Fed’s big show this week. But that was yesterday.…
The ForexDegrees MT4 Indicator is a custom tool for MetaTrader 4 that shows the direction and angle of market movement in degrees. Instead of only relying on price candles or moving averages, this indicator calculates the slope (or angle) of price changes and displays that data in real-time. The result is a visual trend guide that helps you understand market momentum at a glance. When the indicator shows a positive degree value, it means the price is climbing and momentum is upward. When the degree is negative, it signals a downward movement. This simple but powerful idea gives traders quick…
With leading indicators flashing red and global risk sentiment still shaky, Australia’s May labor market numbers could bring another round of volatility for the Aussie. Planning on trading the release? Here are the points you need to know about the upcoming report! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
China FX regulator:Will keep yuan basically stable at reasonable and balanced levels Confident and capable of keeping FX market stable operationsExports have maintained resilienceRecent buying of onshore stocks has increasedWill continue to implement proactive macro policyGlobal balance of payments will keep basically stableFX market resilience will continueAbility to counter FX market Volatiity has improvedWill set up FX management policy evaluation mechanismWill improve qualified foreign investor rulesWill push forward with foreign debt reform and management to improve quota managementWill forcefully fend off external shocks and risksImprove fund management of domestic enterprises listed overseasWill take multiple measures to support development of foreign…