Author: FX
Risk sentiment took a bearish turn on Wednesday as concerns over U.S. fiscal health ramped up. The S&P 500 fell and Treasury yields jumped after a disappointing 20-year bond auction underscored investor unease about President Trump’s tax cut plans and the ballooning federal deficit. The dollar weakened across the board, slipping against all major currencies despite the rise in yields. Gold gained on safe-haven demand, and Bitcoin broke above $110,000 for the first time ever as traders looked for alternatives to dollar-denominated assets. Here are headlines you may have missed in the last trading sessions! Headlines: CNN reported on US…
USD/CAD trades in negative territory near 1.3855 in Thursday’s early Asian session. Worries about a ballooning US deficit weigh on the US Dollar. The advanced S&P Global Manufacturing and Services PMI reports will be closely watched later on Thursday. The USD/CAD pair extends its downside to around 1.3855 during the early Asian session on Thursday, pressured by a weaker US Dollar (USD). Investors await the advanced S&P Global Manufacturing and Services PMI reports later on Thursday, followed by the Chicago Fed National Activity Index, the usual Initial Jobless Claims and Existing Home Sales. The ‘Sell America’ investment theme continues to undermine the Greenback and…
Trump says he's seriously considering taking Fannie Mae and Freddie Mac public Source link
Via Standard Chartered on gold:Gold remains well supported above its 50-day moving averageWe expect it to test resistance at US$3,5003 month forecast is US$340012 month forecast is US$3500 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The United States (US) House of Representatives is poised to begin casting votes on the Republican party’s tax and budget bill that is front-loaded with many of President Donald Trump’s wishlist items. President Trump has colloquially refered to the tax and budget bill as a “big, beautiful bill”, leading Congressional Republicans to officially rename the document the “One Big Beautiful Bill Act”.Key Republicans have been hammering on dissidents to the bill within their own party after several hard-line Republicans voiced displeasure with the budget outline: some felt that the budget doesn’t include enough cuts to critical federal spending programs like…
House Speaker Johnson and House Freedom Caucus Harris will go meet US Pres. Trump this afternoon at 3 PM ET.Harris earlier today said that they are encouraged by the progress in the last 24 hours, but does not think it can be done today or even this week. He said he is confident he could be done in 10 days.GOP Hoy commented that there is a long way to go.Jake Sherman from PunchBowl is saying that Trump is expected to tell the House Finance Committee, that the bill needs to pass today. Later this year, ForexLive.com is evolving into investingLive.com,…
EUR/USD rises further to near 1.1350 as the US Dollar remains under pressure due to Moody’s downgrade to the US credit rating.US President Trump fails to convince lawmakers to back tax-cut bill.The Euro gains as Trump confirms Russia-Ukraine truce talks.EUR/USD jumps to near 1.1350 on Wednesday, extending its winning streak for the third trading day. The major currency pair strengthens as the US Dollar (USD) continues to face a sharp selling pressure amid the United States (US) credit rating erosion. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, recoups some of its early losses,…
A common mistake that traders make is trying to take on too many positions at once. They believe that a higher number of positions will translate into higher profit. “If I open positions in multiple pairs, one of them will win big.” The more setups you take, the better your chances of winning, right? WRONG! This isn’t the lottery, y’all! If you want to maximize your opportunities and skills, you might want to think about being pickier with your trades. For one thing, opening too many positions dilutes your capital allocation. When you’ve done your research and are confident about…
Different asset classes respond in different ways to various fundamental developments. You can have bonds selling-off because the central bank is tightening monetary policy or you can have an FX pair in an uptrend because the central bank of the currency that is appreciating is raising interest rates, while the central bank of the currency that is depreciating is cutting rates.You can also have various equity sectors responding in different ways to economic events with cyclical stocks falling during hard times and defensive stocks rising.When you build your trading idea you should find a market where your idea can be…
Nestle India Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 1. Direction next higher degrees: Orange wave 3 (in progress). Details: Orange wave 2 appears complete; orange wave 3 of 1 is now active. Invalidation level: 4147. The daily chart shows Nestle India in a clear bullish trend, with orange wave 3 forming as part of navy blue wave 1. This follows the completion of orange wave 2, signaling the start of a new upward impulse phase—typically the strongest part of an Elliott Wave pattern. The ongoing wave structure reflects significant buying strength. Positioned within navy blue wave…