Author: FX
Gold prices extend their gains, heading toward the $3,350 psychological level.The United States and China continue trade talks in London, but USD appreciation is limited.USD and Gold price action are expected to be influenced by US-China talks ahead of Wednesday’s US inflation data.Gold prices are trading firm against the US Dollar (USD) on Tuesday, with the precious metal trading near the $3,350 resistance level at the time of writing.Ongoing trade talks between the United States and China continue to influence global risk sentiment, helping to stabilize the US Dollar (USD). As US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer,…
Must avoid complacency over inflation outlookMust focus on keeping inflation expectations at 2%The commentary fits with their stance from the last meeting, that is to keep the flexibility open. But as things stand, there should be no rate cut to follow in July. This article was written by Justin Low at www.forexlive.com. Source link
Israel commits 'extermination' in Gaza by killing in schools, UN experts say Source link
The Signal Bars MT4 Indicator is designed to provide traders with clear and concise buy or sell signals directly on the chart. By analyzing price action and market trends, it helps to indicate when a currency pair is likely to experience an upward or downward movement. This visual representation can help traders make informed decisions faster, improving their chances of success. How It Works The Signal Bars MT4 Indicator works by coloring the bars on the chart based on market conditions. When the market shows signs of a potential move in a specific direction, the bars will change color to…
WTI crude oil recently busted through a short-term double bottom neckline, suggesting that an uptrend is in order. However, the rally could stall at these nearby inflection points. Take a look at this long-term area of interest seen on the daily time frame: WTI Crude Oil (USOIL) Daily Chart by TradingView An improved global trade outlook, combined with a lower than expected OPEC+ oil output level for May, enabled the energy commodity to bust through the double bottom neckline resistance around R1 ($64.75). This could mean that a rally of the same height as the chart formation is in the…
GBP/USD has been climbing steadily since the start of the year, but 1.3600 is proving to be a tough ceiling for fresh 2025 highs. Will pound bulls find enough support to make another run at the resistance? GBP/USD 4-hour Forex Chart by TradingView Sterling is holding up better than commodity-linked currencies this month, as the US dollar gives back some gains amid easing trade tensions and softer US growth concerns. U.K. jobs reports this week are expected to show only minor weakness for May, and a lineup of mid-tier reports could help extend the pound’s short-term trends. Meanwhile, the dollar’s…
The SmPriceBend-T01 MT4 Indicator is an advanced tool that helps traders identify potential price reversals by analyzing price action. It works by detecting subtle bends in the market, which can be an early signal of an upcoming trend reversal. This indicator is particularly useful in volatile markets where price movements are unpredictable. It can be applied to various timeframes, making it a versatile tool for day traders and long-term investors alike. How It Works The SmPriceBend-T01 Indicator uses a combination of mathematical algorithms and price data to detect when the price starts to bend, indicating a possible change in direction.…
Even with Australian and European banks closed for the holiday on Monday, financial markets enjoyed some risk-on flows thanks to optimism surrounding trade talks between the U.S. and China in London. Crude oil got an additional boost from reports revealing that the OPEC+ only managed a smaller increase in output than targeted while bitcoin was able to surge back above the $110K mark. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand Manufacturing Sales for March 31, 2025: 10.0% y/y (2.9% y/y forecast; 0.8% y/y previous) Japan GDP Growth Rate Final for March 31,…
After the first day of talks yesterday, there are positive murmurs but again it is only from the US side. Trump said that he was only getting “good reports” from his team while Lutnick and Bessent also said that the talks went well. The meeting seems to be more focused on export controls with both sides seeking concessions on key sectors of interest.On the Chinese side, they’re offering up rare earth exports with a gesture of goodwill seen here. On the US side, they’re offering up key technology exports – mainly for chip production and aircrafts.Again, I can see both…
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we will raise interest rates if we have enough confidence that underlying inflation nears 2% or moves around 2%.”Additional quotesIf economy, prices come under strong downward pressure, BoJ has limited room to underpin growth with rate cuts with short-term rate still at 0.5%.Underlying inflation still below 2%.BOJ keeping real interest rate negative so underlying inflation achieves 2%, and keeps inflation sustainably and stably at 2%.Market reactionUSD/JPY stages a solid comeback following these comments, currently trading 0.30% higher on the day at 145.00. Japanese Yen PRICE Today The table below shows…