Author: FX
The RBNZ is slated to cut interest rates for the SIXTH consecutive time this May. Will they signal further easing to come? Here’s what to expect when trading this top-tier event. 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
USD/CAD is still cruising below its descending trend line, and it looks like a quick retest of a broken support zone is due. Will the area of interest hold as a ceiling? Let’s take a look at these nearby inflection points on the 4-hour chart. USD/CAD 4-hour Forex Chart by TradingView Market players aren’t exactly showing the dollar much love these days, as the U.S. could be facing a ballooning government deficit if Trump’s tax bill gets approved in Senate. Don’t forget that Moody’s already downgraded the U.S. credit rating last week, allowing USD/CAD to bounce off its descending trend…
The 3c DM MT4 Indicator is built around the Directional Movement System (DMS), a well-known method for identifying the strength and direction of market trends. Instead of overwhelming traders with complex charts and multiple signals, this indicator simplifies the information by focusing on whether the market is trending upward or downward and how strong that trend is. This makes it easier for traders to spot when they should enter or exit a trade, helping them avoid uncertainty and hesitation. Compatible with the popular MetaTrader 4 platform, it’s accessible to many traders in the United States and around the world. Why…
UK BRC Shop Price Index for May 2025 barely changed at -0.1% y/y expected –0.1%, prior –0.1%While this is not official data it was being eyed given the jump higher for the official data revealed last week:UK April CPI +3.5% vs +3.3% y/y expectedExpectations for Bank of England rate cuts have been repriced (lower) since. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Bitcoin’s been flexing harder than a gym influencer on TikTok lately, and everyone’s wondering: “What’s behind this wild ride?” Spoiler alert: It’s not just one thing. It’s multiple bullish forces stacking up at once. Bitcoin reached a new all-time high (ATH) last Thursday, closing at a little over $111,000. Its price action shows a clear uptrend starting around mid-April. Bitcoin’s price skyrocketed from around $76,000 to a peak near $112,000, a significant rally of over 47% in about a month! There’s been a slight pullback from the peak and could indicate some profit-taking or a minor retracement, but as long…
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge.Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears.Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact.Gold price drops more than 0.50% on Monday amid the lack of demand for haven assets after United States (US) President Donald Trump delayed tariffs on the European Union (EU). In the meantime, trading remains thin due to the closure of the United Kingdom (UK) and US financial markets for holidays. At the time of writing, XAU/USD trades at $3,336.Market mood improved…
Trump Media plans to raise $3B to buy cryptocurrency.The Chief Executive Officer of Trump Media & Technology Group (TMTG)—the parent company of Truth Social—is Devin Nunes. A former U.S. Representative from California and Chair of the House Intelligence Committee, Nunes resigned from Congress in January 2022 to assume leadership of TMTG. In addition to his role at TMTG, Nunes was appointed Chair of the President’s Intelligence Advisory Board in January 2025. He continues to serve as CEO of TMTG while holding this advisory position.TMTG is publicly traded under the ticker symbol DJT on the Nasdaq. The company has been expanding…
Futures market gains on Monday during Memorial Day closure.Trump’s walk back of EU tariffs to July 9 boosts equity futures.Dow Jones futures rise more than 1% on reduced tariff risk.Salesforce, Nvidia report Q1 earnings on Wednesday after market close.Though markets are closed in the US for the Memorial Day holiday, stock investors bored with barbecue and checking their phones will notice that the futures market has shifted bullish ahead of the Tuesday open. Futures for the Dow Jones Industrial Average (DJIA), S&P 500 and NASDAQ 100 have all advanced around 1% or more on Monday after US President Donald Trump…
It is Spring Bank Holiday in the UK and Memorial Day holiday in the US. Peace to those that died in the fight for freedom and to their families. Today, the USD moved lower but has since retraced the declines to start the NA session.. The US banks, stock and bond markets are closed but Canada is open. The forex market never sleeps (it may rest though). The price action is likely to be somewhat limited in the forex. A snapshot of the USD to start the session now shows a mixed picture. The greenback is lower vs:EUR -0.11%GBP -0.17%CAD…
EUR/USD surrenders some of its early gains as the US Dollar recoups its initial losses.Trump’s erratic policy announcements have renewed concerns over the USD’s credibility.According to revised estimates, the German economy rose at a robust pace of 0.4% in the first quarter of the year.EUR/USD gives up a majority of intraday gains and drops to near 1.1375 during European trading hours on Monday from the monthly high of 1.1425 posted earlier in the day. The major currency pair surrenders gains as the US Dollar (USD) claws back significant initial losses, with the US Dollar Index (DXY) rebounding to near 99.00.However,…