Author: FX
The USD moved lower on the back of concerns about tariff wars, especially with China. Trump last week accused China of breaking the trade deal. China firmly rejected the claim and countered that it was the United States that breached the deal. The Chinese Ministry of Commerce stated that the U.S. had implemented several “discriminatory restrictive” measures against China, including:Issuing guidance on AI chip export controlsHalting sales of chip design software to ChinaRevoking visas for Chinese studentsChina asserted that these actions seriously undermine the consensus reached at the Geneva economic and trade talks and damage China’s legitimate rights and interests.Late…
GBP/USD steadies near 1.3540 as the US Dollar struggles under global pressure The British Pound (GBP) bounces back at the start of the week, advancing against the US Dollar (USD) on Monday and trimming last week’s losses. The GBP/USD pair is rebounding modestly as investors pare back US Dollar holdings amid lingering uncertainty over the global economic outlook. Read More… GBP/USD rushes beyond 1.3500 as the US Dollar accelerates its reversal The Pound is rallying at Monday’s London session opening times, favoured by an ailing US Dollar, which has reversed Friday’s gains following a new tariff threat by US President Trump…
Last week’s RBNZ “hawkish cut” jolted the kiwi out of its slumber and push NZD/USD from the watchlist to a potential opportunity to investigate further. But the surprise didn’t end there—tariff–court drama in the U.S. and a nasty slide in New Zealand business confidence quickly turned the pair into a roller-coaster worth using for trade management case studies. In this theoretical case study, we’ll explore three different levels of trade structures to show how different approaches influence risk, psychology and outcome, in hopes of getting new traders to look beyond the bottom line numbers when selecting trade management techniques…
The latest GDP growth for Q2 rises to 4.6% from 3.8%. In your own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 4.6 percent on June 2, up from 3.8 percent on May 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 3.3 percent and -1.4 percent, respectively, to 4.0 percent and 0.5 percent.The next GDPNow update is Thursday, June 5. Please see the…
The President of the Federal Reserve (Fed) Bank of Dallas, Lorie Logan, struck a cautiously balanced tone in earlier remarks, acknowledging both persistent inflation pressures and rising market uncertainty.Key QuotesDespite uncertainty and financial market volatility, the US economy is resilient.The labour market remains stable.Inflation is still somewhat above target.Risks are balanced on both sides of the mandate.If tariffs change inflation expectations, that would be significant.Market volatility and uncertainty could cause households and businesses to pull back.Monetary policy is well positioned to wait and be patient.Well-positioned to act if risks materialise.Key risk is if higher short-term inflation expectations become entrenched.Our job…
Oil sold off on Friday following the Reuters report saying that OPEC+ could discuss an oil output hike larger than 411,000 bpd for July over the weekend. That of course created expectations for a larger production increase and therefore weighed on the market.The group though underdelivered on those expectations as it hiked by 411,000 bpd, which is the same amount of May and June. This triggered a rally as the market readjusted to new conditions. In the bigger picture, the demand side continues to improve as the global fiscal and monetary easing filters through and the trade war de-escalation trend…
US Dollar Index loses ground due to risk-off tone after fresh tariff threats from President Donald Trump.Trump accused China of breaching tariffs truce, while China’s Ministry responded, that it had complied with the agreement.Trump plans to increase import tariffs on steel and aluminum to 50% from 25%.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday. Traders seek fresh cues from the release of the US ISM Manufacturing Purchasing Managers’ Index (PMI) for May, which is…
One of the biggest problems traders face is the overwhelming amount of information and false signals in the market. Price charts move up and down all the time, but not every movement means a real trend is starting or ending. Without a way to filter out this “noise,” traders can easily be misled into entering trades at the wrong times or holding on too long. This leads to frustration and can hurt overall trading performance. Many find themselves second-guessing every move, which can make trading stressful and unprofitable. How ASCTrendExpert MT4 Indicator Helps Traders The ASCTrendExpert MT4 Indicator was developed…
EUR/GBP is hitting resistance near a key area of interest! Will the pair turn lower and extend its month-long downtrend? Or will enough bulls show up to force an upside breakout? EUR/GBP 4-hour Forex Chart by TradingView A delay in new U.S. tariffs boosted demand for European currencies last week, but lingering uncertainty over the “Liberation Day” tariffs kept investor optimism in check. With the European Central Bank (ECB) expected to cut interest rates this week, the euro could stay under pressure against other majors. This week’s FX Fundies Cheat Sheet suggests the British pound could see relatively higher bullish…
This week’s upcoming U.S. ISM manufacturing PMI report can provide early hints for Friday’s NFP report. Will we see indications of stronger jobs growth that could fuel positive expectations? Or did the manufacturing sector continue reeling from higher tariffs? Here are the points to know when trading this major report. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link