Author: FX

Gold continues to push higher, sets new all-time-high.The US Dollar comes under renewed selling pressure after employment-related data.XAU/USD remains on track to end the seventh consecutive trading day in positive territory.Gold extended its uptrend in the second half of the day on Wednesday and touched a new record-high above $3,560. At the time of press, XAU/USD was trading near $3,560, rising 0.85% on a daily basis. For the week, Gold is already up more than 3%.Gold benefits from renewed USD weaknessGold capitalized on safe-haven flows on Tuesday and gained more than 1.5%. The intense selloff seen in global bond markets,…

Firms can’t absorb higher tariffs much longerRemains unclear how consumer spending will evolveBusinesses still expect a solid year, other evidence indicates Fed policy is not overly restrictiveFull implication of trade policy, other changes, remain unclearUS remains near full employmentPrice stability remains the primary concern This article was written by Adam Button at investinglive.com. Source link

Vacation’s over, and it’s time to face reality! Whether you spent the summer living your best life or binge-watching The Summer I Turned Pretty in your basement, the markets kept moving while you were checked out. And now you’re about to jump back in with all the grace of a belly flop. Unfortunately, a lot of traders I’ve had conversations with find it hard to get back on the grind, especially after coming from a long vacation away from the markets. Most of them are usually overwhelmed by all the events they have missed and let the stress get to…

Oil prices drop as OPEC+ weighs another output hike Source link

Prior 51.0Composite PMI vs 51.1 prelimPrior 50.9 This article was written by Justin Low at investinglive.com. Source link

The indicator works by filtering out small price movements and highlighting the most significant swings. Instead of looking at every tiny tick, traders see a simplified chart with connecting lines drawn from one high to the next or one low to another. This makes it easier to understand where the market is heading and when a trend might be changing. By focusing on the bigger moves, traders avoid distractions and can better plan their strategies. Why Traders Use This Indicator This Zigzag tool is popular among both beginners and experienced traders because it helps reveal chart patterns like double tops,…

Missed the double top breakdown on bitcoin? Price is now back to testing the former support zone, which could hold as resistance moving forward. Take a look at these inflection points on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView BTC/USD recently fell through support at the $112,500-$115,000 zone, suggesting a potential reversal from the uptrend earlier in the year. Price is finding a floor around the $107,000 region, though, and it looks like a correction to the area of interest is taking place. Will it hold as resistance from here? Remember that directional biases and volatility conditions…

Singapore MAS survey shows economists lift GDP forecast, see steady policy Source link

The Australian economy expanded 0.6% quarter-on-quarter in Q2 2025, surpassing expectations for a 0.5% growth figure and also seeing an upgrade for the earlier period. On a year-on-year basis, the economy grew 1.8% in the June quarter, marking the fastest pace of growth since September 2023. In addition, the previous GDP figure was revised higher from 0.2% to 0.3% quarterly growth. Key Takeaways from Australia’s GDP Report Growth exceeded expectations: GDP rose 1.8% year-over-year versus 1.6% forecast, with quarterly growth of 0.6% beating the 0.5% estimate Domestic demand drove expansion: Household consumption contributed 0.4 percentage points to growth, rising 0.9%…

AUD/JPY appreciates as GDP grew 0.6% QoQ in Q2, against the expected 0.5% growth.China’s Caixin Services PMI rose to 53.0 in August, came above the 52.5 expected.Japan’s Jibun Bank Services PMI stood at 53.1, while Composite PMI rose to 52.0 in August.AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia’s Q2 Gross Domestic Product and China’s Caixin Services Purchasing Managers’ Index (PMI).The Australian Bureau of Statistics (ABS) reported that Australian economy expanded 0.6% quarter-over-quarter in the second quarter, following the…