Author: FX
Don’t look now, but bitcoin is already hovering around its May 2025 highs and might be looking to break higher soon. How high can it go from here? Check out these nearby inflection points I’m watching on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView BTC/USD recently busted out of a descending trend channel to suggest that a reversal from the earlier downtrend is in order. However, the rally is stalling at the record highs around $112K, possibly spurring a correction. Can bitcoin find support at these Fibonacci retracement levels? Remember that directional biases and volatility conditions…
Friday’s jobs report out of Canada could tip the scales on how soon the BOC cuts rates again! What are the markets expecting from this week’s event? Here are the points you need to know! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The U.K. is about to drop its May GDP report soon! What are the markets expectations and how could this potentially affect the British pound ahead of the weekend? Here’s what you need to know when trading this potential market-mover. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Markets braced for the upcoming release of the FOMC meeting minutes, which then appeared to spur a risk-on and anti-USD reaction. Meanwhile, bitcoin surged close to its all-time highs while dollar weakness ensued while WTI crude oil held its ground above $68 per barrel. Here are headlines you may have missed in the last trading sessions! Headlines: API crude oil inventories showed surprise increase of 7.1M barrels vs. expected 2.1M draw RBA Deputy Governor Hauser warned that there is an enormous amount of uncertainty in the global economy China Consumer Price Index Growth Rate for June 2025: 0.1% y/y (0.1%…
The FOMC agreed to keep interest rates on hold at the 4.25-4.50% range during their June 17-18 meeting, but the minutes of their discussions revealed divisions regarding the appropriate easing pace moving forward. The minutes highlighted the central bank’s ongoing struggle to balance competing economic pressures. While officials acknowledged that tariff-induced inflation pressures may prove temporary or modest, they expressed caution about acting prematurely given the economy’s continued strength. Key Takeaways Most participants assessed that some reduction in the federal funds rate this year would likely be appropriate, citing potentially temporary tariff-induced inflation pressures and signs of labor market softening…
The Wall Street Journal (gated) Fed watcher Nick Timiraos highlights division within the Federal Reserve on the path for inflation and rate cuts. Trump’s tariff hikes are fueling internal debate at the Federal Reserve over whether to delay or advance interest rate cuts, as policymakers weigh the inflationary impact against slowing growth.Fed Chair Jerome Powell has signaled a more flexible stance, suggesting the bar for cutting rates may be lower than it was earlier this year, especially if inflation softens or labor market data weakens.A rate cut isn’t expected at the upcoming meeting, but Powell has outlined conditions under which…
Rubio makes first visit to Asia as Trump tariffs loom Source link
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…
Fuel shortage threatens to turn Gaza's biggest hospital into graveyard, doctors say Source link
The tariff letters have been released for the following additional countries: 30% for Libya30% for Iraq30% for Algeria5% for Moldova. We have near 0% trade with this country. 25% for Brunei20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs. The trade with Phillipines accounts for 0.4% of US trade.Of the total trade, the countries today account for the following % of total trade:Philippines: 0.42%Algeria: 0.08%Libya: 0.04%Iraq: 0.01%Brunei: 0.002%Moldova: 0.001Prior to today:14 Countries Notified, including major allies:Japan & South Korea: 25% tariffs on all imports Other countries and rates:Myanmar & Laos: 40%Cambodia & Thailand: 36%…