Author: FX
The Euro (EUR) is entering Monday’s NA session flat against the US Dollar (USD) as it extends its consolidation of last week’s gains, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets are waiting for German ZEW sentiment survey figures”This week’s highlight will be the release of German ZEW sentiment survey figures, scheduled for Tuesday. Consensus expectations are low, offering a potential source of sentiment-driven strength for the EUR in the event of a surprise.” “The ECB calendar is empty, and the outlook for relative central bank policy remains an important source of EUR strength as markets continue…
US Dollar (USD) could rebound further, but any advance is likely to be part of a higher range of 147.20/148.25. In the longer run, downward momentum is slowing; the likelihood of USD dropping further is diminishing, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Downward momentum is slowing24-HOUR VIEW: “Last Friday, we expected USD to ‘trade in a range of 146.60/147.70.’ USD then dipped to 146.71 before staging a surprisingly strong rebound that reached a high of 147.90. While USD could rebound further, given that there has been no significant increase in momentum, any advance is likely…
Gold futures, more specifically COMEX contracts, surged at the end of last week as the US customs agency is said to have marked the precious metal as being subject to tariffs. The spot market was much calmer as noted here, as traders were also waiting for the White House to make a mention about it.But as we get into the new week, there’s still no clarity on the matter. So, it’s still a bit of a limbo situation. When it comes to tariffs, Trump has the final say. And if we don’t hear anything, it’s hard to take other sources…
The Vertical Time Lines MT4 Indicator is a customizable chart tool that helps traders mark specific times directly on their MetaTrader 4 charts. These vertical lines act as visual guides, making it easier to track daily highs and lows, trading session starts, or news release times. Instead of manually drawing lines every day, traders can automate the process, saving time and improving consistency in analysis. This indicator is beneficial for strategies that rely on time-based patterns, such as breakout trades during the London or New York sessions. By visually separating these periods, traders can quickly focus on the market conditions…
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The U.S. dollar is testing key areas of interest ahead of Uncle Sam’s inflation report! Our Event Guide for the U.S. CPI Report suggests that we could see slower price pressures in July, supporting the idea that tariff announcement-induced inflation may be transitory. Still, if consumer prices surprise to the upside, setups like EUR/USD and USD/JPY could be prime spots for dollar bulls to flex. 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…
Cable looks like it’s gearing up to bust out of a weeks-long downtrend! Will key resistance levels keep the bulls in check over the next few days? Or is GBP/USD about to kick off a longer-term comeback? GBP/USD 4-hour Forex Chart by TradingView The British pound dominated the FX scene last week thanks to the Bank of England’s (BOE) “hawkish cut” surprise and the U.K.’s relative insulation from the U.S.-EU tariff drama. Over in the U.S., soft mid-tier data and Fed rate cut expectations kept the dollar under pressure, wiping out some of the boost from the latest trade deals.…
Missed this pair’s double bottom neckline break? Price is still going for a retest of this area of interest which could hold as support. Take a look at these Fibonacci retracement levels on the 4-hour chart! USD/CAD 4-hour Forex Chart by TradingView Rising crude oil prices and a less dovish BOC statement have allowed this pair to retreat from its run higher after confirming a long-term reversal pattern. At the same time, a weak U.S. NFP print convinced dollar bears to return on stronger expectations of Fed rate cuts in their next policy huddle. But will USD/CAD still find support…
Can the July U.S. inflation figure seal the deal for a Fed rate cut soon? Our Event Guide for the U.S. CPI Report points out that the manufacturing sector saw slower price pressures for the month while Fed officials have reiterated the transitory impact of tariffs. Here’s what I’m watching on GBP/USD and USD/CHF in this scenario. 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 latest U.S. NFP had dollar traders pricing in much stronger odds of Fed easing soon, but can the upcoming CPI release still change all that? Expectations are for price pressures to pick up due to higher U.S. tariffs, although policymakers have warned that these could have a temporary impact. Here’s what to look out for in the July inflation report. 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…