Author: FX
Silver keeps posting lower highs since peaking at $33.70 last weekRecent price action is forming a descending triangle pattern, a bearish sign.XAG/USD: Below the $32.60-3270 support, the next targets are $32.15 and $31.70.Silver prices (XAG/USD) are paring losses during Friday’s European session. The pair has returned above the $33.00 level following a significant reversal during the Asian session. From a wider perspective, however, price action remains wavering within recent range, with the 4-hour RSI moving back and forth around the 50 level, which indicates a lack of clear momentum. Technical analysis: XAG/USD remains trading within a triangle patternFour-hour charts show…
The MAMA NK MT4 Indicator is a technical analysis tool that combines the Modified Adaptive Moving Average (MAMA) with the Nakanishi (NK) smoothing technique. This hybrid method allows the indicator to adapt dynamically to changing market conditions, providing smoother signals compared to traditional moving averages. Unlike fixed-period moving averages, MAMA adjusts its sensitivity based on market momentum, making it particularly effective in volatile or trending markets. By reducing lag and filtering out insignificant price fluctuations, the MAMA NK Indicator helps traders stay aligned with the prevailing trend while avoiding false signals. Its real-time adaptability enables users to react swiftly to…
GBP/JPY could be tired from its climb, as a classic reversal formation is brewing on its 4-hour time frame. Can it break below the neckline from here? Or will we see a bounce off the key support area? GBP/JPY 4-hour Forex Chart by TradingView Guppy has been on an uptrend since mid-April, buoyed by more favorable trade conditions for the U.K. economy and a bit of risk-taking in the markets. However, the rally seems to be running out of steam, as global trade tensions are flaring once again and boosting demand for the safe-haven yen. Can GBP/JPY break below the…
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…
Indian Rupee posts modest gains in Friday’s Asian session. The downbeat US economic data and uncertainty of Trump’s policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency, as India is the world’s third-largest oil consumer. However, the renewed importer…
The big news for the day was a U.S. federal court ruling against the legitimacy of Trump’s tariffs, causing major waves among risk assets. While the U.S. dollar initially had a positive reaction to the news, it ultimately shed gains as trade uncertainty and additional concerns about government revenues came in play. Here are headlines you may have missed in the last trading sessions! Headlines: API crude oil inventories showed reduction of 4.236M barrels vs. estimated build of 1M barrels Nvidia reported stronger than expected Q1 EPS of 96c but warned that Chinese AI rivals are “formidable” U.S. Court of…
Core inflation in Japan capital hits 2-year high, keeps rate hike chance alive Source link
Japan April industrial production -0.9% m/mexpected –1.4%, prior +0.2%+0.7% y/yexpected +0.1%, prior +1.0%Forecast 1 month ahead (ie May) is +9% m/mand for 2 months ahead (June) is -3.4% m/m —The most focus is on the rising inflation data in Japan:Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)USD/JPY dips to 143.80 after solid Tokyo inflation data This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Bank of England (BoE) Governor Andrew Bailey noted late on Thursday that the primary drivers behind the BoE’s main reference rate remains the economic needs of the United Kingdom (UK), not external drivers such as the Trump administration’s tariff policies.Key highlightsRaising the UK’s potential growth rate critical.We take a gradual and careful approach as the economy is hard to read.Spend a lot of time examining risks from market fragilities, including bonds.Not useful to ask if dollar will remain reserve currency, may see some rebalancing but not anywhere near dollar losing its status.Rate cuts uncertainty prevalent.UK labour market data pretty much…
A US appeals court has reinstated US president Trumps tariffs during appeal temporarily.The keyword is “temporarily”. I would assume that is for a formal appeal to take place, but cannot be too sure. This article was written by Greg Michalowski at www.forexlive.com. Source link