Author: FX
As expected, the Bank of Canada (BOC) kept interest rates unchanged for the at 2.75% in June, citing trade uncertainty and mixed economic signals. This marked the second consecutive meeting without a rate change, as policymakers grappled with heightened trade uncertainty and mixed signals from the domestic economy. Key points from the June BOC decision: Rate unchanged: Overnight rate held at 2.75%, with Bank Rate at 3% and deposit rate at 2.70% Trade uncertainty remains elevated: Despite some moderation in US-China tensions, tariff rates remain well above early 2025 levels with ongoing threats of new trade actions Economic resilience with…
The DayImpuls_T3_v2 MT4 Indicator is built on the principles of momentum and trend analysis. It uses a modified T3 moving average to detect strong impulses in price movements during the trading day. By filtering out market noise, the indicator highlights moments when the price is gaining significant strength, which can signal potential profitable trades. This makes it especially useful for day traders who need quick and reliable cues in volatile markets. How It Works This indicator combines the traditional T3 moving average with a customized algorithm that emphasizes sharp price changes or “impulses.” When the indicator signals an upward impulse,…
WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304 million barrels in the week ended May 30, according to the EIA. Heightened geopolitical risks and expectations that Iran will reject a US nuclear deal might cap the WTI’s downside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.00 during the Asian trading hours on Thursday. The WTI price edges lower as Saudi Arabia signals it may push for a large production increase, raising fears of a global oil oversupply.On Saturday, the Organization of the Petroleum…
Microsoft offers to boost European governments' cybersecurity for free Source link
Saudi Arabia state-owned oil company Saudi Arabian Oil Co. (Aramco) lowered its official selling price for July loadings of Arab Light to Asia to $1.20 a barrel above the Oman/Dubai average, $1.40 in June. Aramco’s latest pricing moves suggest a softer demand outlook in Asia, with cuts across its light and medium crude grades, while the price for Arab Heavy remained unchanged.In contrast, the company raised its prices to Northwest Europe and the Mediterranean by $1.80 per barrel. U.S. buyers saw modest increases of $0.10 for Arab Extra Light and Light, with no change to Medium and Heavy grades.-The decision…
The Greenback resumed its downtrend and faded part of the previous day’s advance on Wednesday, weighed down by trade concerns and disheartening data from the US docket. Source link
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…
ISM Services PMI for May came in below the market expectation.The USD stays under selling pressure in the American session on Wednesday.The business activity in the US service sector contracted slightly in May, with the Institute for Supply Management’s (ISM) Services Purchasing Managers Index (PMI) dropping to 49.9 from 51.6 in April. This reading came in below the market expectation of 52.Other details of the report showed that the Prices Paid Index, the inflation component, rose to 68.7 from 65.1, while the Employment Index improved to 50.7 from 49.Assessing the survey’s findings, “May’s PMI level is not indicative of a…
US-backed Gaza aid group halts distribution, UN to vote on ceasefire demand Source link
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…