Author: FX
There were plenty of moving parts in the market this week, as investors had to work around the highly-anticipated FOMC decision, trade updates between the U.S. and China, and another round of geopolitical tensions. Source link
Markets played ping-pong with tariff news, starting with risk-off sentiment on foreign film tariffs, flipping midweek as US-China trade talks were announced. Source link
AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.Short-term indicators favor buyers, despite mixed longer-term signals.Key support levels hold below, while resistance aligns near recent highs.The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.From a technical perspective, the pair is flashing a bullish overall…
USD/JPY trades near 145.00 after failing to hold gains above 146.20, pressured by a softer US Dollar and mixed US data.Japan’s March Overall Household Spending rose 2.10% y/y, beating expectations, while US stagflation risks linger as Fed officials warn of persistent inflation.Key technical levels include support at 144.82, 144.79, and 144.49, with resistance at 146.16, 146.31, and 148.30.USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day. The retreat reflects a broader softening in the US Dollar, which reversed sharply as investors reassessed the US-UK trade deal…
EUR/JPY trades around the 164.00 zone after a modest pullback in Friday’s session.Broader bias remains bullish, with supportive trend indicators offsetting mixed momentum signals.Key support levels sit just below, while resistance aligns near recent highs.The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains. Despite the minor dip, the broader outlook remains positive, supported by a cluster of rising moving averages that continue to provide a strong technical base. Short-term momentum is mixed, but the overall structure remains clearly bullish.Technically, the pair is flashing a bullish overall…
US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.Trump said to expect new trade deals in the coming weeks, but “we always have a baseline of 10%.” US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The US Dollar holds steady as global trade negotiations remain in focus.The PBoC continues Gold purchases, signaling long-term interest.Chinese Copper production expands, reducing reliance on imports.The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper production from China, trade deals and economic policies continue to impact sentiment in the market, with limited positive moves for the Aussie.Daily digest market movers: Aussie steady ahead of trade talksThe US Dollar (USD) holds steady as the market reacts to trade deal uncertainties and key upcoming data.Copper…
The major indices closed mixed of the day and modestly lower for the week.A snapshot of the closing levels it shows:Dow industrial average fell -119.07 points or -0.29% at 41249.38.S&P index fell -4.03 points or -0.07% at 5659.91.NASDAQ index rose 0.78 points or 0.0% at 17928 .92.Russell 2000 fell-3.34 points or -0.16% at 2023.07For the trading week:Dow industrial average -0.16%S&P -0.47%NASDAQ index -0.27%Russell 2000+0.11% This article was written by Greg Michalowski at www.forexlive.com. Source link