Author: FX
Gold remains under pressure as risk-on sentiment continues to influence market trends.Fed Chair Powell and President Trump clash over the timing of interest rate cuts. A September rate cut is priced in but a rate cut in July could help drive Gold out of its range.XAU/USD hovers near the 50-day Simple Moving Average near $3,325.Gold is retreating on Thursday despite persistent US Dollar (USD) weakness as traders continue to favour risk assets.With XAU/USD trading near $3,330 in the American session at the time of writing, the yellow metal continues to display signs of resiliency despite a minor pullback.The risk-on tone…
EUR/JPY holds firm near 169.00 with the 170.00 psychological level currently holding bulls at bay.The Euro benefits from the return of risk-on sentiment, but momentum indicators suggest that the pair may still be overbought.The safe-haven Japanese Yen struggles against its G10 counterparts, with Japan’s low-interest rate environment limiting its gains.The Euro (EUR) is experiencing a modest pullback against the Japanese Yen (JPY) on Thursday, after surging over 3% this month.EUR/JPY is trading slightly below the 169.00 mark, with Thursday’s low of 168.56 providing imminent support at the time of writing.With bulls still eager to retest the next big level of…
Stock heatmap by FinViz.com Thu, 26 Jun 2025 14:46:09 GMTSector OverviewToday’s stock market heatmap presents a dynamic landscape, with technology leading the charge. The semiconductor sector shines brightly, spearheaded by Nvidia (NVDA), which is up by 1.53%, and Broadcom (AVGO) gaining 1.76%. Other players like AMD and Qualcomm (QCOM) also show positive momentum. Meanwhile, the healthcare sector faces challenges, with major companies Abbott Laboratories (ABT) and Johnson & Johnson (JNJ) down by 1.59% and 0.14% respectively. Consumer electronics, led by Apple (AAPL), reports a slight decline of 0.77%, hinting at profit-taking activities following recent highs.Market Mood and TrendsThe prevailing market…
The vibrant city of Limassol, Cyprus has once again hosted one of the biggest and most important events in the world of finance and fintech: the iFX Expo International 2025. With over 6,000 professionals and 1,600 companies gathering from around the world, the iFX Expo was a week of high-energy filled with fresh, innovative ideas, tech startups, and big announcements! Among the standout participants this year was EC Markets, a global broker that made a big presence at the iFX with its growth, vision and commitment to traders around the world. From the moment they arrived, EC Markets brought a…
EUR/GBP tumbles to around 0.8525 in Thursday’s early European session.The strong UK PMI data underpin the Pound Sterling and create a headwind for the cross. BoE’s Bailey sees more signs of a softening labor market. The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England’s (BoE) Governor Andrew Bailey speech later on Thursday.UK business activity expanded modestly in June, which provides some support to the GBP. The S&P Global UK Composite PMI rose to 50.7 in June versus 50.3 prior, stronger…
The Indian Rupee jumps higher against the US Dollar as Trump attacks Fed’s independence.Fed’s Powell stated that tariffs-driven inflation could be persistent.The RBI monthly bulletin shows that the Indian economy remained resilient in May.The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 85.65 during European trading hours, the lowest level seen in 10 days. The pair weakens as the US Dollar (USD) renewed its three-year low after United States (US) President Donald Trump lashed out on Federal Reserve (Fed) Chair Jerome Powell for not supporting interest rate cuts in the…
AUD/CHF just bounced from a major support zone. Is the pair gearing up for another swing inside its consolidation range? Or will it break through key inflection points faster than you can say, “YOU CAN SAVE 50 POUNDS PER PERSON!” Check out AUD/CHF’s 4-hour time frame! AUD/CHF 4-hour Forex Chart by TradingView Risk assets like the Australian dollar could be back in focus soon as attention shifts away from geopolitical tensions and toward U.S. tariff and budget risks. At the same time, traders are starting to doubt whether the Swiss National Bank (SNB) will push rates back into negative territory,…
The Wall Street Journal wasn’t reticent with its headline:Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell(gated) I popped a summary of the piece here ICYMI:Wall Street Journal: Trump considers naming next Fed chair early – bid to undermine PowellIts been nearly one-way traffic, lower, for the USD since:USD falling away a little on the Trump ” bid to undermine Fed Chair Powell” WSJ reportUS dollar still dribbling lower. ICYMI WSJ: Trump undermining Federal Reserve Chair PowellWhile this is the catalyst on the session its not as if it’s the only news on the dollarJP Morgan expects…
Core PCE for May is due, and markets are expecting an uptick. Could this update on the Fed’s go-to inflation gauge shake up its policy plans? If you’re looking to trade the core PCE release, here are the key points to keep on your radar. 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 continued to unwind positions tied to geopolitical tensions between Israel and Iran, spurring additional volatility for crude oil and risk assets. In the forex market, a couple of top-tier inflation and central bank releases caused a bit of a stir, yet USD pairs moved mostly in sync to overall sentiment. Here are headlines you may have missed in the last trading sessions! Headlines: API: Crude oil inventories reduced by 4.27M barrels vs. expected draw of 0.8M barrels BOJ Summary of Opinions: Policymakers split on rate outlook given trade policy risks and stronger inflation Iran’s Foreign Minister confirmed that country’s…