Author: FX
The USD is higher vs the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. The move to a peace deal with Iran “is over” leading to a flight to safety moves. In the video above, I take a look at the technicals driving the 3 major currency pairs. What is the bias, the risks, the targets right now. In other news overnight, In Washington, Pres. Trump adopted a much more confrontational stance toward Iran, as the recent ceasefire and diplomatic efforts have unraveled. President Trump said he believes the Iran ceasefire is effectively “over” and suggested the memorandum…
The New Zealand Dollar’s (NZD) rally against the US Dollar (USD) has been short-lived, as the pair returned to sub-0.5700 levels during the European session after being rejected at the 0.5725 area earlier in the day. Market concerns about the status of the US-Iran ceasefire have hammered risk appetite, offsetting the positive Kiwi’s reaction to the Reserve Bank of New Zealand’s (RBNZ) hawkish hike.US President Donald Trump affirmed earlier on Wednesday that the ceasefire is no longer in effect, and that, in his opinion, the memorandum of understanding “is over,” although he added that negotiators can “keep talking if they…
The Non Repaint Support and Resistance Indicator MT4 was designed to solve that problem by keeping plotted levels fixed after they appear. Traders don’t have to wonder if yesterday’s support will disappear or if resistance will move after the next candle forms. Stable levels make trade planning much easier and reduce second-guessing during active market sessions.A reliable support and resistance tool doesn’t replace trading skills, but it gives traders a more consistent view of market structure. The sections below explain how this indicator works, where it performs best, and how traders can use it alongside price action to improve trade…
There are just a couple of expiries to take note of on the day, as highlighted in bold below.The first being for EUR/USD at the 1.1400 level. The expiries don’t tie to any technical significance but just like the ones yesterday, it could add another defensive layer to any downside price extensions in the session ahead.The dip earlier at the start of today saw price action test the figure level before bouncing a little now. As such, the expiries could add on to some bids layered at the 1.1400 mark to keep the currency pair from dropping off too much…
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 12,620.82 Indian Rupees (INR) per gram, up compared with the INR 12,558.66 it cost on Tuesday.The price for Gold increased to INR 147,207.30 per tola from INR 146,481.70 per tola a day earlier.Unit measureGold Price in INR1 Gram12,620.8210 Grams126,208.70Tola147,207.30Troy Ounce392,560.30FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…
The June FOMC meeting minutes could give traders a cleaner look at just how divided the Fed really is. With Kevin Warsh skipping his own rate projection and the latest dot plot still leaning hawkish, markets will be watching for clues on whether another rate hike is truly on the table. But with Middle East headlines still moving oil and risk sentiment, the dollar’s reaction may depend on more than the minutes alone. Source link
Tanker attacks near a key shipping route and a fresh OPEC+ supply increase are pulling oil prices in opposite directions this week. How can markets make sense of these conflicting signals, and what kind of headlines should traders be watching out for? What Actually Happened? Over the weekend, the OPEC+ approved another production increase of 188,000 barrels per day for August. Saudi and UAE exports climbed back near pre-conflict levels. Tanker traffic through the Strait of Hormuz, which was significantly disrupted earlier this year during the broader Iran-Israel-U.S. conflict, showed real signs of normalizing. A few days later, Iranian forces…
Oil climbs, bonds slide on Mideast hostilities Source link
The Future Prediction Indicator MT4 is designed to help traders estimate possible future price direction by analyzing historical market behavior and current price momentum. Instead of guessing where the market might go, it provides a projected path that traders can compare with real price action before placing an order. Used correctly, it can improve trade timing and reduce emotional decisions. It doesn’t predict the future with certainty, but it gives traders another layer of analysis to support their trading plan. Understanding how this indicator works makes it much easier to decide when its signals deserve attention and when they should…
China’s purchase of more than 26 million barrels in a matter of days sits on top of its normal Gulf buying of around 5.5 million barrels a day through formal channels, making this a genuine surge rather than routine restocking, and it lands alongside Germany’s own diesel and gas reserve rebuild, suggesting major economies on both ends of the supply chain are moving to lock in barrels while they can. Saudi Arabia’s decision to cut its official selling price discount to minus 1.5 dollars a barrel on Monday looks like the direct trigger, making Gulf crude notably cheaper and pulling…