Author: FX
EURUSD technicalsThe EURUSD is pushing higher again and now approaches a key resistance area between 1.1193 and 1.1213 — a zone that has capped rallies multiple times in the past, including three peaks in July and August 2024. The high price has reached 1.11823.Adding weight to the topside test is the 200-bar moving average on the 4-hour chart, currently sitting near 1.1209, right in the heart of the resistance zone. The 100-hour moving average is also in play and in that area at 1.12101 (not shown on the chart above). A clean break above this cluster would strengthen the bullish…
GBP/USD rebounds on soft CPI, boosting Fed cut bets The Pound Sterling (GBP) recovered from Monday’s losses and climbed over 0.35% against the US Dollar (USD) after the latest inflation report in the United States (US) kept traders’ hopes high for further easing by the Federal Reserve (Fed). GBP/USD trades at 1.3226 after bouncing off a daily low of 1.3165. Read More… Pound Sterling gains sharply against US Dollar on slower US inflation growth The Pound Sterling (GBP) jumps to near 1.3250 against the US Dollar (USD) during North American trading hours on Tuesday. The GBP/USD pair strengthens as the US Dollar falls back after the United States (US) Consumer…
winhorse/iStock via Getty ImagesAdvanced Micro Devices (NASDAQ:AMD) has inked a multi-year, $10B investment partnership with HUMAIN, a new artificial intelligence enterprise launched in Saudi Arabia, the companies announced today. The companies plan to deploy 500 megawatts of AI compute capacity in Saudi Arabia Source link
Sean 'Diddy' Combs' ex-girlfriend Cassie testifies that Combs beat her frequently Source link
Canadian Prime Minister Mark Carney will unveil is cabinet today in a move that could move the Canadian dollar.The market still isn’t sure how Carney will govern and his plan to ‘build, baby, build’ and counter US tariffs. Early reporting said former Finance Minister and Trump-antagonist Chrystia Freeland would be left off the roster but that was quickly reversed and denied. It appears she will get a role and that’s not a big surprise given that Carney is the godfather of her son and they’ve long been close.Carney is looking to build national bridges though and she’s carrying much of…
5E Advanced Materials raises $6.35M private placement Source link
Bank of England's Pill says interest rates might need to stay high Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The RSI (Relative Strength Index) with Divergence MT4 Indicator combines two powerful concepts: momentum and divergence. While the regular RSI helps show whether a market is overbought or oversold, the divergence feature adds an extra layer by identifying when price and momentum move in opposite directions. This can signal an upcoming reversal. The indicator works directly on the MetaTrader 4 platform, making it simple to use for anyone familiar with MT4 charts. Why Divergence Matters in Trading Divergence is a key signal that many professional traders watch for. It happens when the price of an asset moves in one direction,…
GBP/NZD made a couple of failed attempts to close below the 2.2200 handle, creating what appears to be a double bottom pattern. Or is it just about to move sideways from here? GBP/NZD 4-hour Forex Chart by TradingView A less dovish than expected BOE decision last week lifted GBP/NZD close to its double bottom neckline at the 2.2600 major psychological level, as a couple of MPC members surprisingly voted to keep policy on hold. However, positive developments on the U.S.-China trade front also gave the Kiwi a significant boost and the improved risk sentiment dragged the pair back to the…