Author: FX

The U.S. dollar is creeping up toward a key trend resistance! Sellers have been in control so far, but a break above this level could shift the momentum. We’re watching the 4-hour chart closely to see if the dollar keeps grinding lower or finally breaks out. U.S. Dollar Index (DXY) 4-hour Forex Chart by TV The U.S. dollar picked up some momentum to start the week, thanks to a strange mix of optimism and risk-off vibes. Traders were feeling upbeat on talk that the U.S. might announce more trade deals before the July 9 deadline. There were also rumors that…

Is the Reserve Bank of New Zealand (RBNZ) ready to hold its fire on policy easing? Expectations are for the central bank to keep rates steady at 3.25% for the July meeting as hinted at during their previous announcement. Here’s what you need to know when trading this major catalyst. 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

It was a light day in terms of top-tier economic reports, but that didn’t stop markets from making big moves while bracing for the upcoming July 9 tariffs deadline. Geopolitical developments and OPEC+ updates also caused major waves in the energy sector, leading crude oil to close nearly 3% higher for the day. Here are headlines you may have missed in the last trading sessions! Headlines: Over the weekend, Israel military confirmed attacks on several terrorist targets in Yemen Greek-owned cargo ship in Red Sea struck by rocket-propelled grenade and gunfire on Sunday, attack linked to Houthi militants OPEC+ agreed…

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 Channels FIBO V2 MT4 Indicator is a technical tool that automatically draws Fibonacci-based channels on your chart. These channels are dynamic and move with price action, showing key levels where price might react. Traders use these levels to anticipate pullbacks, bounces, and breakouts. It’s designed to work with all major forex pairs and timeframes, making it flexible for day traders, swing traders, and even longer-term investors. Why This Indicator Stands Out Unlike basic Fibonacci tools, this version creates a channel, giving a full visual guide for both trend direction and price zones. It not only highlights retracement levels but…

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The White House confirmed that Trump has signed an executive order pushing the tariff implementation deadline from July to August 1. White House also announced it will terminate federal subsidies for energy sources under the control of foreign entities This article was written by Eamonn Sheridan at www.forexlive.com. Source link

After Pres. Trump. A 25% tariff on all Japanese products sent to the US separate from all Sectoral tariffs, the USD has moved higher. yield are higher and stocks are lower:USDJPY has moved to a new session highs as it continues its trend day to the upside. The price is within a swing area between 145.919 and 146.288. The high price just reached 146.08.EURUSD: The EURUSD has moved to new lows for the day and in the process moved below the swing low from earlier today at 1.1716 which was also the swing low from last Thursday’s trade. Getting below…

The US Dollar starts the week higher, supported by safe-haven flows amid tariffs fears.The US is set to formally notify over 100 countries of new tariffs by July 9, with implementation scheduled for August 1.The US Dollar (DXY) rises back inside a falling wedge pattern, with RSI and MACD showing signs of bullish momentum building.The US Dollar (USD) kicks off the week on a firmer footing against its major peers, supported by safe-haven demand following Trump’s tariff announcements and fading expectations of near-term Federal Reserve (Fed) rate cuts. The US President posted letters on his social media platform targeting Japan…

Tariff fears are hitting the Euro worse than the Pound.The GBP has been firmer since UK Chancellor Reeves was confirmed in her role.EUR/GBP is hovering right above a significant support area at 0.8600.The Pound is faring better than the Euro in a risk-averse market, as investors await more clarity about the size of the US tariffs and the date of their introduction. The Euro is trading lower, approaching a significant support area at 0.8600.A strong German Industrial Production report, showing an unexpected growth in factory output, failed to cheer investors earlier on Monday, and the common currency extended losses after…