Author: FX
GBP/USD has been climbing steadily since the start of the year, but 1.3600 is proving to be a tough ceiling for fresh 2025 highs. Will pound bulls find enough support to make another run at the resistance? GBP/USD 4-hour Forex Chart by TradingView Sterling is holding up better than commodity-linked currencies this month, as the US dollar gives back some gains amid easing trade tensions and softer US growth concerns. U.K. jobs reports this week are expected to show only minor weakness for May, and a lineup of mid-tier reports could help extend the pound’s short-term trends. Meanwhile, the dollar’s…
The SmPriceBend-T01 MT4 Indicator is an advanced tool that helps traders identify potential price reversals by analyzing price action. It works by detecting subtle bends in the market, which can be an early signal of an upcoming trend reversal. This indicator is particularly useful in volatile markets where price movements are unpredictable. It can be applied to various timeframes, making it a versatile tool for day traders and long-term investors alike. How It Works The SmPriceBend-T01 Indicator uses a combination of mathematical algorithms and price data to detect when the price starts to bend, indicating a possible change in direction.…
Even with Australian and European banks closed for the holiday on Monday, financial markets enjoyed some risk-on flows thanks to optimism surrounding trade talks between the U.S. and China in London. Crude oil got an additional boost from reports revealing that the OPEC+ only managed a smaller increase in output than targeted while bitcoin was able to surge back above the $110K mark. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand Manufacturing Sales for March 31, 2025: 10.0% y/y (2.9% y/y forecast; 0.8% y/y previous) Japan GDP Growth Rate Final for March 31,…
After the first day of talks yesterday, there are positive murmurs but again it is only from the US side. Trump said that he was only getting “good reports” from his team while Lutnick and Bessent also said that the talks went well. The meeting seems to be more focused on export controls with both sides seeking concessions on key sectors of interest.On the Chinese side, they’re offering up rare earth exports with a gesture of goodwill seen here. On the US side, they’re offering up key technology exports – mainly for chip production and aircrafts.Again, I can see both…
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we will raise interest rates if we have enough confidence that underlying inflation nears 2% or moves around 2%.”Additional quotesIf economy, prices come under strong downward pressure, BoJ has limited room to underpin growth with rate cuts with short-term rate still at 0.5%.Underlying inflation still below 2%.BOJ keeping real interest rate negative so underlying inflation achieves 2%, and keeps inflation sustainably and stably at 2%.Market reactionUSD/JPY stages a solid comeback following these comments, currently trading 0.30% higher on the day at 145.00. Japanese Yen PRICE Today The table below shows…
Japan to conduct appropriate debt management policies, finance minister says Source link
The Demark Lines MT4 Indicator is a technical analysis tool that identifies potential turning points in the market. It relies on a series of calculations based on the price movement of an asset, helping traders identify key levels of support and resistance. These levels are crucial because they provide traders with a clear view of where the price may reverse. By understanding these points, traders can better time their market entries and exits. Why It’s So Useful In the fast-paced world of forex trading, it can be challenging to predict when a price might change direction. The Demark Lines Indicator…
An ICYMI from Japan on Monday. Media reports that some LDP members are reportedly considering universal cash handouts to help households cope with the rising cost of living.The context is that Japanese Prime Minister Shigeru Ishiba has directed the ruling Liberal Democratic Party (LDP) to include ambitious economic targets in its upcoming election platform. At a party executive meeting on Monday, Ishiba called for a 50% increase in average household income and for nominal GDP to reach 1,000 trillion yen by 2040. He urged the LDP to treat these objectives as central to its campaign for the House of Councillors…
TomasSereda/iStock via Getty ImagesAllied Gold (OTCPK:AAUCD) could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities, CEO Peter Marrone told Reuters in an interview Source link
The US Dollar dropped as US-Sino trade talks began in London on Monday, amid an improvement in risk appetite and the first reports that talks are going well, according to US President Donald Trump. US equities are trading mixed, US Treasury bond yields down, as traders brace for the release of UK jobs data, ECB Survey of Monetary Analysis, and ECB speakers.Here’s what to watch on Tuesday, June 10:The US Dollar Index (DXY) retreated after posting solid gains last Friday, but it has fallen below the 99.00 level, poised to end the day down 0.28%. Last week’s Nonfarm Payrolls figures…