Author: FX
Myanmar quake death toll hits 1,000 as international aid starts to arrive Source link
I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the Trump administration’s latest “America First” policy review, China’s measured response to new U.S. tariffs appears to be a calculated move, according to Nomura.In a report led by Chief China Economist Lu Ting, Nomura analysed China’s capacity to replace U.S. imports with goods from other countries. While there are some substitution options for items like LNG, engine parts, and scrap copper, the range is narrow. For key imports such as soybeans,…
This is where the Rainbow Multiple Moving Average (RMMA) MT4 indicator comes in. It offers a simple yet powerful solution to help traders navigate the complexities of the market more confidently. Using multiple moving averages, RMMA helps traders spot trends quickly and accurately, improving their trading strategies. What is the Rainbow Multiple Moving Average MT4 Indicator Indicator? The Rainbow Multiple Moving Average (RMMA) MT4 indicator is a dynamic tool designed to help traders identify trends in the market. Unlike traditional moving averages, RMMA uses multiple moving averages with different periods, creating a “rainbow” effect that visually represents different market conditions.…
Russian drone attack kills four, injures 19 in Ukraine's Dnipro Source link
AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with bearish lean. The AUD/JPY pair extended its decline on Friday, hovering near the 94.30 zone after the European session and slipping closer to the lower end of its intraday range. The pair is down notably on the day, reflecting an increase in selling interest. While…
Elon Musk is combining X (formerly Twitter) and xAI (his AI company that’s known for Grok).The deal puts X under xAI with the transaction valuing X at $33 billion. That’s a 33% discount to the $44 billion he paid to take Twitter private, however with the debt component it might all wash out. There was a mix of debt and equity in that deal and it also included many outside investors, including Jack Dorsey.Presumably, they are on board with combining the companies and leaving former Twitter investors with a much smaller stake. The merger numbers valued xAI at $80 billion.The…
MarketsS&P 500 down 2.0%WTI crude oil down 84-cents to $69.08US 10-year yields down 12 bps to 4.25%Gold up $28 to $3084JPY leads, NZD lagsWhat’s worrisome about today’s price action was that there was a fair bit of good news. Yes, UMich was poor and the spending in PCE stumbled but there were positive future indications. 1) Trump cooled things down with Canada 2) The EU floated some trade concessions 3) PCE inflation was only fractionally higher than expected.Despite that, there was rout in equities that spilled over into a 125 pip decline in USD/JPY and a bruising day in equity…
Tariffs took the spotlight this week, slamming stocks and lifting gold to record highs near $3,060. Automakers tanked, oil climbed, and the dollar swung wildly as global trade tensions sent markets on a rollercoaster ride. Here are the latest headlines and economic developments you need to know! 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
From top-tier CPI releases to central bank rhetoric and surprise tax cuts, forex traders had plenty of notable market moves to work around. Here’s a summary of the headlines and how the major currencies fared. Source link
AUD/USD trades sideways around the 0.6300 area after the US PCE report delivered no major surprises. Fed remains cautious; tariff concerns and inflation outlook continue to dominate market attention. Bearish pressure persists technically, with indicators showing resistance near short-term moving averages. The Australian Dollar (AUD) remains directionless during Friday’s American session, with AUD/USD hovering around the 0.6300 zone. The release of the US Personal Consumption Expenditure (PCE) Price Index failed to generate significant market reaction, as the figures aligned with expectations except for the core PCE, which ticked slightly higher than forecasts. The Aussie struggled to gain ground despite weaker…