Author: FX

It was a relatively quiet day in the markets with only Canadian wholesale trade data on the economic calendar. However, tariffs remained front and center in market discussions.Last week, the Trump administration raised tariffs on Chinese goods to 145%, prompting swift retaliation from Beijing. At the same time, the U.S. delayed tariffs on several other countries by 90 days—though earlier tariffs remain in effect. Then, in a late-Friday development, the administration said electronics would be excluded from the broader “reciprocal tariffs,” offering a boost to tech names like Apple.But that relief was short-lived. By Sunday, Commerce Secretary Lutnick clarified that…

The US Dollar Index saw choppy action near the 99 zone in Monday’s session, rebounding from a fresh three-year low.Tariff uncertainty, sinking consumer confidence and elevated inflation expectations continue to weigh on sentiment.Technical signals remain bearish, with price capped below key resistance at the 101.80–102.20 zone.The US Dollar Index (DXY) recovered slightly in Monday’s North American session after dropping to its lowest point since 2022. Trading around the 99.60 area, the index attempted to stabilize as investors reacted to signs of rising stagflation risks. The rebound came despite fresh US Dollar (USD) selling pressure that had driven EUR/USD and GBP/USD…

It wasn’t long ago—back on March 26—that copper surged to a new all-time high of $5.37 (see post here). Since that peak, however, the price has come under heavy pressure, falling by -25% and bottoming at $4.03 on April 6. A modest bounce followed, but a subsequent attempt to retest the lows stalled at $4.06. Notably, those lows held just above the top of a key swing area between $3.92 and $4.02—a region that has consistently attracted buyers since November 2022 and has acted as a floor more recently, particularly since March 2024 (see red numbered circles and most recent…

The Oil price rises to near $61.30 on NYMEX on expectations that the trade war will be limited between the US and China.US President Trump has increased additional tariffs on China to 145%.US Hassett confirms on positive development in trade talks with the EU.West Texas Intermediate (WTI), futures on NYMEX, rises to near $61.30 during North American trading hours on Monday. The Oil price gains as fears of a global trade war have diminished. Investors expect that the trade war will remain confined between the United States (US) and China.Financial market participants have become confident of a less-disruptive trade war…

We’ve often talked about how your body is your most important tool in trading. After all, consistently profitable trading requires focus, and you’ll need your mind and body in top form to execute your strategies flawlessly. Let’s take a look at three ways being aware of what your body tells you can help you become a better forex trader: 1. Sound mind and body = focus An unfit body is a breeding ground for unnecessary trading mistakes waiting to happen. Lack of sleep, for example, could lead to typos in your orders, while eating junk food all day every day…

The pause in reciprocal tariffs last Wednesday boosted Bitcoin and risk assets in general as growth fears eased and the market started to look forward to more de-escalation ahead. We also got some exemptions last Friday on tech which helped risk assets but Trump eventually poured cold water on positive expectations as he said that they will be short-lived and they are planning for new tariffs. Bitcoin daily chartOn the daily chart above, we can see that Bitcoin is now trading right at the key trendline. This is where we can expect the sellers to step in with a defined…

Gold price refreshes record high as US-China trade war underpins safe-haven demand.A positive risk tone caps gains for the precious metal amid a slightly overbought daily RSI.US recession fears, Fed rate cut bets, and a bearish USD should support the XAU/USD pair.Gold price (XAU/USD) retreats after touching a fresh record high earlier this Monday and trades with a mild negative bias around the $3,220 area during the first half of the European session. A positive tone around the equity markets prompts some profit-taking around the precious metal amid slightly overbought conditions on the daily chart. Any meaningful corrective decline, however,…

The Smart Envelope MT4 Indicator is a powerful tool designed to help traders identify market trends and potential price reversals. By using moving averages, this indicator creates dynamic bands around the price chart, which act as visual boundaries for price action. These bands help traders spot overbought and oversold conditions, aiding in better decision-making. Whether it’s spotting breakout opportunities or confirming trends, the Smart Envelope Indicator provides useful insights that can improve trading strategies. How It Works and Why It’s Effective This indicator functions by applying a moving average with upper and lower bands, forming an envelope around the price.…

The Reverse MACD MT4 Indicator is a custom tool built for the MetaTrader 4 platform, one of the most popular platforms used by traders around the world. Based on the well-known MACD (Moving Average Convergence Divergence) indicator, this tool works by detecting potential reversals in market trends rather than simply following them. The Reverse MACD focuses on the crossing points between two moving averages – typically a fast and a slow one – to indicate when a trend is losing momentum and could reverse direction. Unlike the traditional MACD, which is used to confirm trend continuations, the Reverse MACD looks…

The Forex market is a dynamic and fast paced environment where traders from around the globe buy and sell currencies to capitalize on market movements. With trillions of dollars exchanged daily, it’s an exciting space filled with opportunities—but it’s not without risks. Imagine a scenario where you deposit your hard earned money with a broker, execute a few successful trades, and then suddenly, the broker vanishes, taking your funds with it. This isn’t just a cautionary tale; it’s a real danger that highlights why regulation in Forex trading is not just a buzzword—it’s a critical safeguard for protecting your investments.…