Author: FX
Gold prices remain firm as markets focus on Israel’s attacks on Iran. XAU/USD continues to climb, with prices holding firm above $3,400 while US equities and risk assets plunge.Michigan consumer sentiment and expectations beat estimates, with inflation expectations falling. But ‘risk-off’ tone remains.Gold (XAU/USD) is extending its gains as Israel’s attacks on Iran continue, supporting demand for the safe-haven precious metal.At the time of writing, Gold is trading near $3,430, with a surge in bullish momentum potentially opening the door for a retest of the $3,500 record high in the near term.The attacks by Israel on Iran’s nuclear facilities have resulted…
Despite better than expected University of Michigan sentiment, stocks have moved to new session lows and yields have moved to new session highs. The US bonds have also decoupled from the flight to safety flows normally seen in times of geopolitical stress.For the NASDAQ index, it is moving closer to its rising 100 hour moving average and 19349.45. The low price just reached 19425.68. The current price is down -231.2 or -1.18% at 19431.For the S&P index, it is still a decent distance away from its rising 100 hour moving average at 5953.64. The low price reached 5983.83 so far…
US Dollar Index (DXY) recovers as Middle East tensions lift the safe-haven appeal of the USD against its G10 peers.Trump pushes Iran to make a deal “before [it’s] too late” – Oil prices surge, posing a threat to the Fed.US Michigan Consumer Sentiment and Consumer Expectations ahead, but inflation pressure could start building if Oil prices remain high. The US Dollar Index (DXY) is trading higher on Friday, with markets shifting focus on Israel’s war against Iran. With headlines arriving early Friday about Israel’s attacks on Iran’s nuclear program and officials on Friday, the US Dollar (USD) rebounded off recent lows,…
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 Australian Dollar declines due to dampened risk sentiment amid rising tensions in the Middle East.Israeli military officials said that Israel attacked dozens of nuclear sites across Iran.The US Producer Price Index rose 0.1% MoM in May, against the expectation of a 0.2% rise.The Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, with over 1% losses. The AUD/USD pair depreciates due to escalating tensions in the Middle East.Israeli Minister of Defense Israel Katz warned his country to face a missile and drone attack following Israel’s preemptive attack on Iran. Katz declared a special state of emergency in…
The Michelangelo MT4 Indicator is a popular technical analysis tool used within the MetaTrader 4 (MT4) platform. This indicator is unique in its ability to combine various trading strategies and display clear, actionable signals on the chart. It uses moving averages and oscillators to identify trends, reversals, and continuations. By analyzing price movements, it alerts traders to potential entry and exit points with a high level of accuracy. This helps traders reduce the guesswork involved in traditional technical analysis, making it an essential tool for both beginners and advanced traders. How Does the Michelangelo MT4 Indicator Work? The Michelangelo MT4…
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The RBCI2 MT4 Indicator is a technical analysis tool designed for the MetaTrader 4 (MT4) platform. This indicator helps traders track and analyze market trends by providing real-time data and signals. It is based on a combination of trend-following algorithms and market volatility measures. By examining these factors, the RBCI2 Indicator provides traders with clear buy and sell signals. This reduces the guesswork and emotional trading that often leads to poor decision-making, allowing traders to stay focused on their strategy. How RBCI2 Works in Trading RBCI2 works by measuring market momentum and identifying key price levels that indicate whether a…
Guppy continues to consolidate with its higher lows and resistance at the 196.50 area, possibly gearing up for another test of its ascending triangle support. Or will we see a breakout soon? Check out these nearby inflection points on the 4-hour time frame: GBP/JPY 4-hour Forex Chart by TradingView Pound bulls have been attempting to take GBP/JPY higher over the past few weeks, but gains have still stalled at the 196.50 resistance that’s been holding since early May. Although the Bank of England seemed less dovish in their latest policy statement, downbeat U.K. inflation, jobs and growth data have prevented…
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…