Author: FX
The Australian Dollar gains ground as the US Dollar weakens amid lower Treasury yields.The AUD could struggle as RBA Governor Michele Bullock maintained a dovish tone by suggesting further rate cuts.The US Dollar depreciates as the 30-year Treasury yield falls to 5.03% after pulling back from 5.15%.The Australian Dollar (AUD) posts gains against the US Dollar (USD) on Friday after registering losses in the previous session. The AUD/USD pair jumps as the Greenback comes under pressure, driven by lower US Treasury yields, which continue to depreciate after the 30-year US bond yield topped in 19 months. US President Donald Trump’s…
The MACD Support and Resistance MT4 Indicator can help. It blends the strength of the MACD with automatic support and resistance levels, making it easier to spot turning points with more confidence. What Is the MACD Support and Resistance MT4 Indicator The MACD Support and Resistance MT4 Indicator is a smart tool designed to simplify trading decisions. It combines two powerful concepts—MACD (Moving Average Convergence Divergence) and support/resistance levels—into one visual chart. The MACD helps track trend momentum, while the support and resistance lines highlight where price might stall or reverse. When used together, they help traders find better setups…
The major assets saw mixed price action on Thursday as investors priced in U.S. fiscal concerns following the House passage of Trump’s tax bill, which sent Treasury yields initially surging before they pulled back on bargain hunting. While stocks finished largely flat and the dollar gained modestly, gold retreated from safe-haven demand, oil declined on supply concerns, and Bitcoin continued its record-breaking rally above $111,000. Here are headlines you may have missed in the last trading sessions! Headlines: US Treasury Dept said Scott Bessent and Japan Finance Minister Katsunobu Kato did not discuss foreign exchange levels during a meeting in Canada BOJ Gov.…
The RSI Prognoz MT4 Indicator is an advanced version of the popular Relative Strength Index (RSI). This tool is designed to help traders analyze price movements and market trends with greater accuracy. The standard RSI indicator shows whether an asset is overbought or oversold, but the RSI Prognoz takes it a step further by offering predictive features. By using this enhanced version, traders can better understand potential price movements, helping them make more informed decisions. The main strength of the RSI Prognoz lies in its ability to offer predictions based on past price data. It uses mathematical algorithms to forecast…
A research note from Citi, via a CNBC report, paints a bleak picture for the economy in the months ahead:economy to worsen in H2 2025 “As the full effects of the tariffs come online — likely over the next few months — demand could face a double blow. The tariffs could reduce real purchasing power, and in addition, frontloaded purchases will be ‘paid back‘” “As such, we view the current period as still the ‘calm before the storm,’ and we expect growth in the second half of the year to weaken.”September Federal Reserve rate cut? This article was written by…
USD/JPY snaps losing streak, rises over 0.20% amid profit-taking before weekend.RSI hints at bottoming, but buyers must clear 144.00 for bullish follow-through.Downside risks remain if pair fails to hold above key 143.00 support.The USD/JPY pair snapped three straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation, despite falling US Treasury yields and amid the lack of a catalyst, could be attributed to traders booking profits ahead of the weekend. At the time of writing, the pair trades at 143.96 after bouncing off daily lows of 142.80.USD/JPY Price Forecast: Technical…
The price of crude oil is settling down -0.37 at $61.20. The price was pressured today helped by a report that OPEC+ members are considering a potential output increase of 411,000 barrels per day (bpd) in July. While this is one of the options on the table, no agreement has been finalized.Looking at the daily chart, the price remains below the 50% of the move up from the 2021 low at $64.71 and is also below the low of a swing area between $61.92 and $64.71. Staying below that area is more beaish for the commodity. Later this year, ForexLive.com…
Lennox raises dividend by 13% Source link
Bullion retreats from two-week high as US House passes debt-heavy budget.A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal.Geopolitical risks with Iran still support longer-term bullish bias for Gold.Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of $3,345 earlier. A strong US Dollar pressures the golden metal as US Treasury yields retreated from daily highs as the US House of Representatives approved Trump’s budget, which now will be sent for approval to the Senate. XAU/USD trades at $3,289, down 0.83%.The market mood has improved slightly…
Prior was -14.7This is a leading indicator. This article was written by Adam Button at www.forexlive.com. Source link