Author: FX

Gold price falls as Fed Kugler reinforces hawkish stance.Retail Sales beat and Jobless Claims drop suggests that the economy remains resilient, supporting US yields.XAU/USD dips as psychological support firms at $3,300.Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await further comments from Federal Reserve (Fed) officials. The yellow metal trades near $3,330 at the time of writing, down 0.6% in the day.With the timing of when the Federal Reserve will cut interest rates still uncertain, several members of the central bank are scheduled to speak throughout the day. Comments from Governor Adriana…

The US Dollar regains ground as US President Donald Trump walks back the threat to remove Fed Chair Jerome Powell.The US Dollar Index trades near three-week highs, buoyed by sticky inflation and stable Treasury yields.Technical breakout signals bullish momentum, with upside targets at 99.50 and the psychological 100.00 level.The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell. Market tensions eased after Trump walked back the threat, stating it was “highly unlikely” that he would dismiss Powell.…

Rate cuts by year-endFed: 45 bps (97% probability of no change at the upcoming meeting) ECB: 24 bps (94% probability of no change at the upcoming meeting) BoE: 51 bps (77% probability of rate cut at the upcoming meeting) BoC: 16 bps (91% probability of no change at the upcoming meeting) RBA: 66 bps (88% probability of rate cut at the upcoming meeting)RBNZ: 33 bps (70% probability of rate cut at the upcoming meeting) SNB: 11 bps (85% probability of no change at the upcoming meeting) Rate hikes by year-endBoJ: 16 bps (99% probability of no change at the upcoming…

The Day Stochastic MT4 Indicator is a custom version of the traditional stochastic oscillator, tuned specifically for daily intraday trading. It tracks price momentum and highlights key turning points in the market by showing where the price may be overbought or oversold. This version focuses on daily price ranges, making it ideal for short-term traders who want to capture quick moves within the day. How It Works in Practice When applied to a chart, the indicator displays two main lines: %K and %D. These lines move between a range of 0 and 100. When they rise above 80, it suggests…

The semiconductor company can’t confirm 2026 growth as tariff threats still loom.ASML (NASDAQ:ASML) stock was dropping on Wednesday, down about 8%, despite having a pretty solid quarter.It wasn’t so much the past results that were of concern, rather it was the clouded 2026 outlook.ASML is a Netherlands-based semiconductor stock that builds the equipment and machines that are used to produce AI semiconductor chips. As such, it is a key player in the AI chip supply chain for companies like NVIDIA (NASDAQ:NVDA).As mentioned, it was a solid second quarter for ASML as it beat revenue and earnings estimates. The firm generated…

The UK Unemployment Rate rose to 4.7% in three months to May.The Claimant Count Change for Britain stood at 25.9K in June.GBP/USD holds losses below 1.3400 after mixed UK employment data.The United Kingdom’s (UK) ILO Unemployment rose to 4.7% in the three months to May after reporting 4.6% in the quarter to April, data published by the Office for National Statistics (ONS) showed on Thursday.The data came in above the market consensus of 4.6%.Additional details of the report showed that the number of people claiming jobless benefits increased 25.9K in June, compared with a revised increase of 15.3K in May, above…

Australia’s labor market showed signs of cooling in June 2025, with the unemployment rate climbing to 4.3% on a seasonally adjusted basis and employment growth falling significantly below estimates at a meager 2K increase. Although this represented a rebound from the earlier 1.1K reduction in hiring, the actual employment change figure fell short of the 21K consensus gain. Key Points from the June Employment Report Unemployment rate increased to 4.3% (seasonally adjusted) from 4.1% in May, marking the highest level since early 2024 Employment growth stalled with only 2,000 net jobs added (seasonally adjusted), well below expectations and significantly slower…

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…

WTI crude oil recently fell through its ascending channel support, suggesting that a reversal from the climb could be in the works. Will more sellers hop in on these pullback levels? WTI Crude Oil 1-hour Chart by TradingView Easing geopolitical tensions appear to have taken WTI crude oil out of its uptrend during the first half of July while resurfacing global trade jitters also weighed on the demand outlook for the commodity. With that, price fell through support around $67 per barrel and may be looking into a possible trend reversal. Will the area of interest at the former channel…

The GMMA Indicator uses two sets of exponential moving averages (EMAs). One group tracks short-term trader behavior, and the other follows long-term investor trends. When both groups move in the same direction with strong spacing, it signals a solid trend. But when the groups tangle or narrow, it hints at market indecision or possible reversals. This makes the GMMA ideal for trend-following strategies. How It Works on MT4 Once installed on MetaTrader 4, the GMMA displays 12 moving average lines: 6 short-term and 6 long-term. Short-term EMAs react quickly to price changes, while long-term EMAs move more slowly. Traders can…