Author: FX

This idea has been floated multiple times over past years. Its getting a redo in the headlines again today. Sichuan province city Mianyang is considering a 2.5-day weekendbusinesses to close on Friday afternoons, along with Saturdays and SundaysMianyang is the second-largest city in Sichuan province in terms of gross domestic product, it has a population just under 5 mn. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

AUD/USD trades near 0.6520 at the time of writing, with US-China relations increasing demand for commodity-linked currencies.Australia’s Westpac Consumer Confidence disappoints, but improving sentiment limits AUD losses.The US Consumer Price Index (CPI) on Wednesday is expected to drive the Fed narrative and US Dollar demand.The Australian Dollar (AUD) is consolidating against the US Dollar on Tuesday, as AUD/USD trades above 0.6500 at the time of writing.Developments in US-China trade talks in London continued to support risk sentiment, boosting demand. Although the improved relations provided some support for the US Dollar, AUD/USD benefited from Australia’s close ties with China.With senior officials…

US-China trade, export control talks push through second full day in London Source link

Ever stared at a clean double-bottom on EUR/USD, hit “buy,” and watched price sink anyway? Welcome to the club, rookie! Charts tell you where prices have been and tease you about possible turning points, but they rarely explain the why behind a sudden surge or nosedive. That’s where fundamental analysis (FA) swoops in like a plot twist—revealing surprise inflation numbers, central-bank gossip, or geopolitical curveballs that yank currencies around while technicians scratch their heads. This raises an age-old question: how can hunters hunt without knowing the nature of the beast? You wouldn’t stalk a lion the same way you’d track…

After a failed breakdown below the 200-hour MA earlier today that led to a snapback rallly, the EURUSD buyers have reclaimed short-term control on a break of the 100 hour MA. The question now is “Can the 100-hour MA now hold support and keep the buyers in control? See what targets are in play next – and why – in the above video. This article was written by Greg Michalowski at www.forexlive.com. Source link

Gold prices extend their gains, heading toward the $3,350 psychological level.The United States and China continue trade talks in London, but USD appreciation is limited.USD and Gold price action are expected to be influenced by US-China talks ahead of Wednesday’s US inflation data.Gold prices are trading firm against the US Dollar (USD) on Tuesday, with the precious metal trading near the $3,350 resistance level at the time of writing.Ongoing trade talks between the United States and China continue to influence global risk sentiment, helping to stabilize the US Dollar (USD). As US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer,…

Must avoid complacency over inflation outlookMust focus on keeping inflation expectations at 2%The commentary fits with their stance from the last meeting, that is to keep the flexibility open. But as things stand, there should be no rate cut to follow in July. This article was written by Justin Low at www.forexlive.com. Source link

Israel commits 'extermination' in Gaza by killing in schools, UN experts say Source link

The Signal Bars MT4 Indicator is designed to provide traders with clear and concise buy or sell signals directly on the chart. By analyzing price action and market trends, it helps to indicate when a currency pair is likely to experience an upward or downward movement. This visual representation can help traders make informed decisions faster, improving their chances of success. How It Works The Signal Bars MT4 Indicator works by coloring the bars on the chart based on market conditions. When the market shows signs of a potential move in a specific direction, the bars will change color to…

WTI crude oil recently busted through a short-term double bottom neckline, suggesting that an uptrend is in order. However, the rally could stall at these nearby inflection points. Take a look at this long-term area of interest seen on the daily time frame: WTI Crude Oil (USOIL) Daily Chart by TradingView An improved global trade outlook, combined with a lower than expected OPEC+ oil output level for May, enabled the energy commodity to bust through the double bottom neckline resistance around R1 ($64.75). This could mean that a rally of the same height as the chart formation is in the…