Author: FX

The selloff yesterday put US equities on the backfoot again this week, with the threat of five consecutive weekly declines on the cards. The overall risk sentiment remains fragile at best, with tech shares staying under pressure. The chart is also not looking too bright, as seen with the Nasdaq below:Nasdaq Composite index weekly chartThe same run of the mill factors are still playing since last month. Trump tariffs, political uncertainty, economic softness, the AI bubble running into trouble, and valuations staying overstretched. Adding to that is arguably investor rotation to Europe as well after the German spending news in…

Gold prices remained broadly unchanged in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 366.27 Saudi Riyals (SAR) per gram, broadly stable compared with the SAR 365.94 it cost on Tuesday. The price for Gold was broadly steady at SAR 4,272.15 per tola from SAR 4,268.22 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 366.27 10 Grams 3,662.74 Tola 4,272.15 Troy Ounce 11,392.40 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based…

GBP/NZD looks like it’s losing its bearish momentum after falling from its 2.2750 highs. Are the bulls just taking a breather? Here are levels to watch if you believe GBP/NZD will soon extend its longer-term trend: GBP/NZD Daily Forex Chart by TradingView China’s latest consumer-focused stimulus plan and easing global growth concerns gave the New Zealand dollar an early boost against the British pound this week. But momentum seems to be shifting against commodity-linked currencies as traders gear up for the FOMC decision and renewed tariff concerns. Remember that directional biases and volatility conditions in market price are typically driven…

Forex trading is exciting but risky. Many new traders jump in without knowing the dangers. Currency changes can quickly turn wins into losses. Learning forex risk management is key. It helps you handle the ups and downs of the market with confidence. About 70% of forex traders use stop-loss orders to manage risk. This shows how important risk management is. With huge trading volumes and high leverage, risks are big. Let’s look at how to keep your money safe and do well in this market. Key Takeaways Forex risk management is key to success. Currency changes can cause big losses.…

The SNB is widely expected to cut interest rates by 25 bps to 0.25%. Will the central bank hint at further easing? Or will Schlegel and his gang signal a more gradual approach? Here are points you need to know if you’re trading this week’s third major central bank decision: 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

NASA astronauts 'Butch and Suni' return to Earth after drawn-out mission in space Source link

Will this week’s Bank of England (BOE) monetary policy decision highlight a shift in biases among committee members? Expectations are for the central bank to keep rates on hold for the time being, but the minutes of their policy meeting could contain fresh insights on future moves. Here’s what you need to know if you’re planning on trading this top-tier 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

Now that the RBA is taking a more cautious approach to further easing, what will the upcoming jobs release imply for their next policy moves? Are we about to see stronger jobs data that could convince policymakers to pause their rate cuts?  Here are the key points to know when trading this top-tier 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

As the Bank of Japan (BOJ) prepares to announce its latest policy decision, its likely the Statement will maintain a relatively hawkish stance, reinforcing expectations for a potential rate hike. However, the actual timing of such a move remains uncertain, as it will depend on how policymakers assess market conditions and economic risks at each meeting. While Japan’s economy has shown gradual signs of recovery, particularly in wage growth and inflation dynamics, the BOJ remains cautious about tightening monetary policy too quickly. The central bank ended its negative interest rate policy in March 2024:March 2024: Raised the short-term policy rate…

Forex traders often find it hard to know when to buy or sell. This can lead to missed chances and big losses. Fibonacci retracement helps by showing where prices might bounce back or stop. By using Fibonacci retracement in your trading, you can make better choices. This could lead to better results in your trading. Fibonacci levels are more than just ideas. They work in real trading situations. For example, in an AUD/USD trade, the price hit the 38.2% level, showing strong support. EUR/USD showed resistance at the 38.2% and 50% levels. These examples show how Fibonacci retracements help find…