Author: FX

Fundamental OverviewThe USD has been weak almost across the board since the NFP report as the softer than expected data triggered a quick dovish repricing and a change in stance for many Fed members. The market is pricing 57 bps of easing by year-end compared to just 35 bps before the NFP release. It’s highly likely that more benign data will see Fed Chair Powell opening the door for a cut in September at the Jackson Hole Symposium. The focus now turned to the US CPI report. We saw some dollar strength yesterday which could have been hedging activity into…

The RoNz Price MA Candle MT4 Indicator is designed to visually display moving average trends directly on price candles. Instead of using a separate MA line, the indicator changes the candle colors based on the moving average direction. This helps traders quickly spot bullish or bearish momentum without cluttering the chart. Whether a trader is scalping short-term moves or holding longer positions, the color-coded candles make trend detection simple and effective. Key Features and Benefits One of the standout features of this indicator is its simplicity. Traders don’t have to interpret multiple technical tools at once—price action and the moving…

Hamas hostage videos silenced Israeli media's talk of Gaza aid crisis Source link

EUR/USD appreciates as market sentiment improves ahead of the upcoming United States–Russia meeting on Friday.Trump and Putin are set to meet to seek a resolution to the conflict in Ukraine.Traders are awaiting US inflation data that could influence the Federal Reserve’s interest rate outlook.EUR/USD edges higher after registering losses in the previous two successive sessions, trading around 1.1620 during the Asian hours on Tuesday. The pair may further appreciate as the Euro (EUR) could receive support amid improving market sentiment ahead of the upcoming United States (US)-Russia meeting on Friday.US President Donald Trump and Russian President Putin will meet in…

Markets started the week in wait-and-see mode ahead of Tuesday’s US inflation data, with trade headlines and central bank chatter steering sentiment. The dollar saw an early dip but reversed into the European session as traders shifted defensive ahead of the CPI release. Here are headlines you may have missed in the last trading sessions! Headlines: On Saturday, Chinese inflation reports came in mixed, with headline CPI coming in slightly better than expected and PPI falling short Over the weekend, FOMC member Bowman backed rate cuts for each of the three remaining meetings this year, citing labor market concerns Nvidia…

EUR/GBP appears to be struggling to move past its latest highs, forming a potential double top on its 4-hour chart. Can it break below the neckline to signal a reversal? Or will it make another attempt to break higher and sustain the uptrend? EUR/GBP 4-hour Forex Chart by TradingView Thanks to the Bank of England’s surprise “hawkish cut” last week, pound bulls found another reason to charge and keep EUR/GBP below the .8750 minor psychological resistance. The lack of progress in EU-US trade talks also appears to be weighing on the shared currency, dragging the pair close to the neckline…

China’s government will hold a press conference at 10 a.m. local time on August 13 to detail new subsidized loan policies aimed at boosting personal consumption and supporting service-sector businesses. The measures are expected to form part of Beijing’s broader efforts to stimulate domestic demand and shore up growth amid a slowing economy and ongoing trade headwinds.Officials are likely to outline eligibility criteria, lending terms, and the scope of sectors covered, with analysts watching for indications of whether the programme will target specific industries such as tourism, hospitality, and retail, or offer broader consumer credit support. Markets will also be…

Bitcoin retreated after testing its all-time highs, but it looks like bullish pressure is still in play while a new ascending triangle is forming. Take a look at these potential support zones! Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Bitcoin has been forming higher lows since July but appears to be hitting a solid roadblock around R1 ($121,527), as bulls likely booked profits at the record highs. Price could be in for another test of near-term support levels, with more buyers probably waiting to hop in the uptrend. Or will we see a triangle breakdown next? Remember that directional biases…

The Open with Break MA MT4 Indicator is designed to highlight when the market’s opening price breaks through a selected moving average. This signal often indicates a shift in market sentiment, making it valuable for both intraday and swing traders. By automatically plotting and updating on the chart, it saves traders from manually tracking these levels. This allows them to focus more on decision-making and less on chart-watching. Why This Indicator Stands Out Unlike standard moving average crossovers, this tool specifically looks at the relationship between the daily open and the moving average. This unique approach filters out unnecessary noise,…

UK consumers spent more on clothes as temperatures soared in July, data shows Source link