Author: FX

Fed's Goolsbee says tariffs have not had expected impact so far Source link

The Dow Jones Industrial Average (DJIA) pulled back from Monday’s early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week. According to early reporting, Iranian militants have launched a rocket strike targeting the Al-Asad Airbase, which is jointly operated by the US Air Force and the Iraqi Air Force.Iran is poised to lash out at US military assets in retaliation for US President Donald Trump ordering targeted missile strikes against Iranian nuclear facilities without congressional approval over the weekend. The action by the Trump administration marks a sharp reversal in Trump’s campaign promises…

,Indian Rupee trims early losses after safe-haven flows lifted the Dollar on US strikes against Iranian nuclear sites.USD/INR climbed close to the psychological 87.00 level before reversing as mixed US PMI data capped Dollar strength.US PMI data painted a mixed picture — the Composite PMI dipped slightly to 52.8, the Services PMI eased to 53.1 from 53.7, while the Manufacturing PMI held steady at 52.India’s Composite PMI jumps to 61.0, beating forecasts and signaling robust economic momentum.The Indian Rupee (INR) kicked off the week on a softer note, weakening against the US Dollar (USD) on Monday as investors flocked to…

EURUSD technicalsAfter a soft European open, an early rally in the Asian session saw the EURUSD stall at the 200-hour MA (≈ 1.1518) and slipped under the 100-hour line (1.1496). Dip-buyers on the 2nd move lower on the day, stepped in just ahead of last week’s swing floor at 1.1445, marking another successful defense of that level (see green numbered circles).Fresh USD selling followed dovish remarks from Fed Governor Bowman—echoing Waller’s “July cut” hint from Friday—while calmer headlines out of the Middle East nudged Treasury yields lower. The pair powered back above both hourly averages and is now poking at…

FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market. Key Quotes Open to cutting rates as soon as the July FOMC meeting if inflation pressures stay contained. Should put more weight on downside risks to the job market going forward. It is time to consider adjusting the policy rate. Trade policy only likely to have ‘minimal impacts’ on inflation. Data not showing much impact from trade policy shifts. Government…

The dollar is making some decent strides on the session and that is despite broader markets taking a more measured stance towards the Iran-Israel conflict today. Oil prices are now roughly flat at $73.90 after a push to $77 at the open while S&P 500 futures are seen up 0.2% on the day, shrugging off losses of 1% at the lows in early Asia trading.So, what gives in the currencies space?EUR/USD is now down 0.5% to 1.1465 while USD/JPY is up 1.2% to 147.83 on the day. The latter does owe in part to a focus on the oil market…

Geopolitics may be grabbing headlines, but Canada’s CPI could be a real mover for Loonie pairs this week. With BOC weighing its next move, a hot inflation print could throw rate cut expectations out the window. Here are points to know if you’re trading Canada’s inflation event! 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

EUR/USD looks ready to extend a weeks-long trend after falling to a key support zone! Can the pair sustain a bullish momentum in the next trading sessions? We’re taking a closer look at the 4-hour time frame! EUR/USD 4-hour Forex Chart by TradingView Tensions in the Middle East flared up over the weekend after the U.S. hit Iran’s nuclear sites, prompting Iran to fire back with more missiles aimed at Israel. That kicked off a rush into safe havens, with the euro taking a hit against the dollar. But some profit-taking and positioning ahead of this week’s big events helped…

There are a couple to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1490 to 1.1500 levels. The expiries could play a role in pulling price action, particularly with the key hourly moving averages at 1.1503-15 currently. That being said, trading sentiment is largely driven by the dollar flows in reaction to the Middle East developments. So far today, the dollar is sitting higher but the overall impact to the risk mood is rather measured. As such, there might not be too much in it.However, USD/JPY is one to keep an eye out…

The Kazakh Boa MT4 Indicator is a custom trading tool developed for MetaTrader 4 that helps traders recognize trend strength and momentum shifts in real time. It simplifies price movement into clear, color-coded visual signals on the chart. By filtering out market noise, it shows where the action is building up, making it easier for traders to spot trade opportunities without second-guessing themselves. How It Works on the Chart Once added to a chart, the Kazakh Boa Indicator plots dynamic lines that react to price momentum. When the market is moving in a strong direction, the indicator displays solid, continuous…