Author: FX
Bank of Spain lowers 2025 economic growth forecast to 2.4% from 2.7% Source link
According to Reuters:Trade talks between the US and Chinese delegations have started in LondonNEC Hassett said on CNBC earlier today that he expects a handshake agreement and that the rare-earth would be released shortly thereafter.According the China news sources, the meeting may extend into the London evening and may also spill into Tuesday. Also Chinese Vice Premier He Lifeng is attending the meeting with US representatives. US stocks have gotten a bit of a boost in early US trading with the Dow industrial average now up about 65 points and the NASDAQ index up 20 points. The broader S&P index…
European natural Gas storage has surpassed the 50% mark, but remains well below last year’s levels and the five-year average, highlighting the scale of the challenge ahead. Supply concerns persist amid reduced Norwegian flows due to outages and maintenance. LNG imports will be critical through summer as competition with Asia intensifies, Société Générale’s FX analysts note. LNG flows in focus as Europe scrambles to meet storage targets”In the natural Gas market, European Gas storage finally broke above 50% full towards the end of last week. However, storage still remains some distance away from year-ago levels and the 5-year average. This…
The Ang_Amp_ZZ MT4 Indicator is a trend-following tool designed for use in MetaTrader 4. It combines several analytical methods to provide traders with a more accurate picture of market direction. By integrating angle, amplitude, and zig-zag (ZZ) patterns, it helps traders spot trends early, ensuring that they can make informed buy or sell decisions. Unlike traditional indicators, the Ang_Amp_ZZ Indicator works efficiently across various timeframes, making it adaptable to different trading styles, from scalping to long-term strategies. How it Works The Ang_Amp_ZZ Indicator utilizes a unique approach to analyzing price action. The angle component identifies the steepness of price movements,…
That’s a bold call with markets only pricing in ~46 bps of rate cuts by year-end with no rate cuts expected through the summer at least at this stage. Their latest view above is predicated on the outlook following the US jobs report on Friday. Subsequently, Citigroup expects the Fed to cut further in January and March 2026 – 25 bps each as well. This article was written by Justin Low at www.forexlive.com. Source link
GBP/USD Price Forecast: Bullish outlook remains in play above 1.3550 The GBP/USD pair gains traction to around 1.3555 during the early European session on Monday, bolstered by a weaker US Dollar (USD). Trade uncertainty dampens sentiment among US businesses, prompting traders to reassess the Greenback’s safe-haven status and act as a tailwind for the major pair. Traders await the UK employment data for fresh impetus, which is due later on Tuesday. Technically, the constructive outlook of GBP/USD remains in place as the major pair is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by…
Can a strong U.K. jobs report revive hawkish BOE expectations? Our Event Guide for the U.K. May Employment Report suggests that faster hiring growth could enable sterling to function as a “risk currency” again. Here’s what I’m watching on GBP/CHF and GBP/NZD in case we see more signs of resilience in the labor market. 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
The U.K. is about to drop its latest employment data! The Event Guide for the U.K.’s May Jobs Report points out that leading indicators are flashing red, and possibly hinting at slightly weaker employment conditions compared to April. This week, we’re taking a look at GBP/AUD and GBP/JPY’s setups if the U.K.’s labor market numbers disappoint expectations. 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
The Weighted WCCI MT4 Indicator is an advanced version of the well-known Williams’ %R indicator, widely used by traders to identify overbought and oversold conditions in the market. While the traditional Williams’ %R uses the highest and lowest price levels over a given period to generate signals, the Weighted WCCI adds a key feature — it assigns weighted values to different price levels, making the indicator more sensitive to recent price action. This adjustment enhances the responsiveness of the indicator, helping traders detect trends and reversals with greater accuracy. The addition of weighting gives traders more clarity when interpreting the…
Traders are bracing for the latest U.K. jobs data, but wage growth could steal the spotlight and shake up pound pairs if it catches the market sleeping. Here are points to know if you’re trading this week’s U.K. labor market 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