Author: FX

The Eurozone economy continued to show minimal growth in June as manufacturing output gains were largely offset by persistent weakness in the services sector, according to flash PMI data released Monday. While Germany showed tentative signs of improvement, France extended its contraction for a tenth consecutive month, highlighting the region’s uneven recovery trajectory. Key Takeaways from June Flash PMI Reports Eurozone Composite PMI held steady at 50.2, unchanged from May, maintaining the streak of marginal growth above the 50.0 expansion threshold for six consecutive months German business activity returned to growth at 50.4 (May: 48.5), driven by manufacturing strength with…

EUR/AUD has been cruising higher inside an ascending trend channel, and it looks like the latest bounce off the top could trigger a correction to support. Here are the levels to watch on the 4-hour chart. EUR/AUD 4-hour Forex Chart by TradingView This pair popped sharply to test its ascending channel resistance early in the week, as traders reacted nervously to U.S. attacks on Iran over the weekend. However, improving risk sentiment allowed the channel top to hold, bringing EUR/AUD close to pullback levels. The Fibonacci retracement tool shows where buyers could be waiting to sustain the uptrend. Are we…

The RBA leaned slightly more dovish than expected during their latest rate statement, so will a dip in headline annual inflation bolster easing expectations? Expectations are for a dip from 2.4% to 2.1% year-on-year for April, which would still be within the central bank’s target range, but is a downside surprise possible? Here’s what to expect from the CPI release. 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 kicked the week off on a cautious note after Trump dropped a bombshell (literally) on Iran over the weekend. Crude oil gapped higher on heightened global supply jitters but soon unwound its gains sharply on reports that Iran refrained from disrupting oil tanker traffic in the Strait of Hormuz. Here are headlines you may have missed in the last trading sessions! Headlines: U.S. military bombers struck Iran’s three main nuclear sites over the weekend, contrary to earlier plans to delay decision by two weeks Australia S&P Global Services PMI Flash for June 2025: 51.3 (50.1 forecast; 50.6 previous) Australia…

S&P Global’s flash PMIs showed that U.S. business activity kept growing in June but lost a bit of steam, with the composite PMI dipping to 52.8 from 53.0 in May. It’s still above that all-important 50 line, but the pace of growth is slower than what we saw in late 2024 and is now at a two-month low. Flash Manufacturing PMI for June: 52.0 (52.0 previous) Flash Services PMI for June: 53.1 (53.7 previous, 2-month low) Flash Composite PMI for June: 52.8 (53.0 previous, 2-month low) If you’re not familiar with PMI, check out our guide to Purchasing Managers Index…

From a couple of weeks ago:Japan upper house election to be held on July 20 (Japanese media report)The 2025 Japanese House of Councillors election was scheduled to be held by July 22, so July 20 seemed pretty much lcoked in.Confirmed now.It’s a half-election for the upper house, with 124 of the 248 seats up for grabsthe ruling LDP-Komeito coalition must retain at least 125 seats to maintain its majority in the upper house.PM Ishiba, who assumed the premiership in November 2024 following the LDP’s loss of its lower house majority, now leads a minority government.PM Ishiba This article was written…

The DT-ZigZag-ATR Indicator is a custom technical tool made for MetaTrader 4. It improves on the classic ZigZag indicator by adding ATR into the mix. While the regular ZigZag just shows price swings based on percentage movement, this version considers the average volatility of the market. That means it adapts to different conditions and filters out market noise more effectively. Traders can use it to identify major highs and lows with fewer false signals. How It Works in Real Trading When the DT-ZigZag-ATR Indicator is added to a chart, it draws lines connecting key swing highs…

Trump announces Israel-Iran ceasefire Source link

Looks like the flinging around of missiles and what have you might slow down … back to the supply chain stuff!The Wall Street Journal (gated) carried a report on Monday, US time, about major auto manufacturer Ford still struggling to access magnets made with rare-earth elements to use on production. In brief:“It’s hand to mouth—the normal supply-chain scrambling that you have to do,” said Lisa Drake, a vice president overseeing Ford’s industrial planning for batteries and electric vehicles…. The situation has improved, but the company still needs to “move things around” to avoid manufacturing shutdowns Ford in May stopped production…

The GannZigZag MT4 Indicator is a unique tool that blends the logic of the ZigZag indicator with Gann-based calculations. Unlike standard ZigZag tools that only connect highs and lows based on percentage moves or pip size, this version incorporates time and angle into the equation. It’s designed to highlight meaningful price swings while filtering out market noise. This gives traders a clearer idea of market structure and helps them make better entry and exit decisions. How It Works on the Chart Once applied, the GannZigZag draws diagonal lines across major swing highs and lows. These lines are not just based…