Author: FX

Fundamental OverviewNot much has happened since the end of the Israel-Iran conflict which caused the geopolitical risk premium to vanish and weighed on gold as the safe haven flows reversed further. The price action remains mostly rangebound as we await the next catalysts to get a direction.In the bigger picture, gold remains in an uptrend as real yields will likely continue to fall amid Fed easing and just a hawkish repricing in rate cuts expectations could trigger corrections in the short term. The economic data in the next months will be particularly important for the gold market as Fed members…

The FTLM_hist stands for “Fast Trend Line Momentum Histogram.” It’s a modified momentum-based tool that visually displays market momentum using histogram bars. Instead of reading complex line graphs, users get a simple up-and-down bar view right below their chart. Green bars usually suggest bullish momentum, while red bars point to bearish pressure. This makes it super easy to understand which side of the market is stronger. How It Helps with Trade Decisions This indicator helps traders stay in tune with trend changes by offering a clear picture of momentum shifts. When the histogram flips from red to green, it often…

USD/CAD may test initial support at the eight-month low at 1.3539.The 14-day RSI remains below 50, strengthening bearish bias.The primary resistance appears at the nine-day EMA of 1.3682.The USD/CAD pair remains steady after registering over 0.50% losses in the previous session, trading around 1.3650 during the Asian hours on Friday. A persistent bearish sentiment is prevailing as the pair moves sideways within the descending channel pattern, suggested by the technical analysis of the daily chart.The 14-day Relative Strength Index (RSI) remains below the 50 level, reinforcing bearish pressure. Additionally, the USD/CAD pair has moved below the nine-day Exponential Moving Average…

China's copper smelters win better-than-expected $0 TC/RC deal from Antofagasta, sources say Source link

The U.S. Department of Energy says scheduled crude oil deliveries to the Strategic Petroleum Reserve (SPR) will be delayed until December due to maintenance at SPR sites. Originally, 15.8 million barrels were slated for delivery from January through May, but only 8.8 million have been received so far. The remaining volumes are now expected to arrive by year-end, marking a roughly six-month delay. Info via Reuters. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link

Markets had plenty to chew on Thursday, from Fed rate cut speculations and softer U.S. GDP to upbeat durable goods orders and a potential thaw in U.S.–China trade relations. Stocks and oil climbed, gold bounced off intraday lows, and the dollar slid across the board as traders shifted into risk-on mode. Here are headlines you may have missed in the last trading sessions! Headlines: WSJ: Trump considering naming next Fed Chair early in a bid to undermine Powell Germany GfK consumer confidence for July: -20.3 (-19.0 forecast; -19.9 previous) BOE Gov. Bailey said a “careful approach” to cutting rates remains…

The BBhisto MT4 Indicator is a visual tool based on Bollinger Bands. Instead of showing the traditional bands on the chart, it displays the data in histogram form. This makes it easier for traders to spot periods of expansion and contraction in price volatility. Each bar in the histogram represents the market’s volatility and the relationship of the current price to the Bollinger Bands. It’s a clean and compact way to read volatility trends without crowding your charts. How Does It Work? The BBhisto Indicator calculates how far the price is from the middle Bollinger Band…

Hong Kong's equity capital markets bounce back in first half, as Shein IPO looms Source link

Trump says just signed deal with China on Wednesday, adds that has one coming up with India. This is big news if true. No details at this stage. Trump, unfortunately, overstates achievements from time to time. The assumption here is it’s a trade deal with China, but Trump has NOT said what sort of deal this is. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link

White House wants deep cut in US funding for war crimes investigations, sources say Source link