Author: FX
USDCAD technicalsThe USDCAD is the largest mover in the market today, down 0.67% with a high-to-low trading range of 114 pips, well above the 22-day average of 80 pips. The expanded range underscores strong directional momentum, particularly as sellers regained control following multiple failed upside attempts.Technically, the pair started the day with a brief push higher, moving momentarily above the 200-hour moving average (green line). This level also capped the rally on Monday, when the price rose above both the 200-hour MA and the 50% retracement of the May range, but failed to sustain the move. That failure turned the…
EUR/USD is lifted by softer US PCE, but core inflation remains sticky between 2%–3%.Trump reignites China tensions, appeals tariff ruling; “Sell America” trade gains traction.German retail sales plunge, while ECB rate cut odds rise ahead of June 5 policy meeting.The Euro (EUR) remains steady against the US Dollar (USD) on Friday after a softer-than-expected US Personal Consumption Expenditures (PCE) Price Index, which was close to the Federal Reserve’s (Fed) 2% goal, lifted the pair from daily lows of 1.1312. EUR/USD is trading at 1.1361, virtually unchanged on the day.Market mood remains fragile, shifted between optimism and pessimism, keeping US equities…
Silver poised to end week down over 1.80% as strong Dollar pressures metals.Bearish harami pattern and soft RSI suggest downside bias could accelerate.Key support lies at $32.70 and 50-day SMA; upside capped by $33.69 and $34.00.Silver price turned negative on Friday during the North American session, poised to end the week with losses of over 1.80% as the dollar staged a recovery during the day. XAG/USD trades at $32.87, down 1.29%.XAG/USD Price Forecast: Technical outlookSilver price trade subdued but formed a ‘bearish harami’ candle chart pattern with bearish implications. Momentum appears to be shifting in favor of sellers, as the…
Pound Sterling sets for fourth straight positive monthly close against US Dollar The Pound Sterling (GBP) claws back some of its early losses against the US Dollar (USD) and recovers to near 1.3470 during Friday’s North American session. The GBP/USD pair rebounds as the US Dollar gives up a part of initial gains after a post from United States (US) President Donald Trump on Truth.Social signaled that trade tensions between Washington and Beijing have renewed. Read More… GBP/USD Price Forecast: Trade below 1.3500; bullish bias remains ahead of US PCE data The GBP/USD pair attracts fresh sellers following the previous day’s goodish rebound…
Crude oil futures are settling at $60.79. That’s down $0.15 or -0.25% on the day.For the week, the price fell -1.59%. For the year, the price fell -15.43% This article was written by Greg Michalowski at www.forexlive.com. 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…
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…
Iran says: US Pres. Trumps threat to destroy Iran’s nuclear facilities is a clear red line.It will have severe consequences.Such threats are open hostility against Iran’s national interestsif US seeks a diplomatic solution, it must abandon the language of threats and sanctions This article was written by Greg Michalowski at www.forexlive.com. 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…
EUR/GBP steadies on German Retail Sales and Inflation data.The Eurozone faces pressure as the ECB reassesses its potential interest rate path.The British Pound fails to extend gains despite rising inflation and a positive growth outlook.The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.This week has seen notable contrasts between the United Kingdom and the Eurozone, particularly as markets factor in how the Bank of England (BoE) and the European Central Bank (ECB) are likely to approach the coming months.Germany’s Retail Sales figures send mixed signals…