Author: FX
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…
Oil rig count -5 at 474Nat Gas rig count unchanged at 101Total rig count -6 at 578 This article was written by Greg Michalowski at www.forexlive.com. Source link
US crude oil futures are settling the day at $61.02. That’s $1.11 or 1.85%.For the trading day. The high was at $61.42. The low was at $59.92. The price moved up $3.07 or 4.46% for the trading week but it wasn’t until after reaching a low of $55.39 which was just above the low price for the year $55.15 from the week of April 7, and the lowest price going back to February 2021.Looking at the hourly chart, the price rebound has extended up toward the 38.2% retracement of the range since the April high (high price reached $72.22). The…
Trump had good call with Ukraine's Zelenskiy, White House says Source link
White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump’s early morning tweets.Key highlightsTrump confident in US Treasury Secretary Bessent with discussions (with China).The US needs to see concessions from China.Trump committed to the 10% baseline tariff.The 10% baseline tariff will remain for the UK.It is ridiculous that Trump would do anything for his own gain.The White House will let Congress work out SALT tax issue.On possible 80% tariff concession: That’s not what Trump said.Trump will not unilaterally bring down tariffs on China. 80% was a…
The Dow Jones shed around 150 points on Friday, falling back to 41,225.Investors are bracing for geopolitical tensions as the US and China head for initial trade talks.Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment.The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, falling below 41,250 as investors gear up for a tense weekend. The United States (US) and China are headed for opening trade talks in Switzerland this weekend, but policymakers from both administrations have cautioned that talks will be strictly preliminary. Chinese delegates have specifically warned that…
EUR/GBP trades near the 0.8500 zone after slipping modestly in Friday’s session.Short-term signals remain bearish despite mixed long-term support.Key support levels hold below, while resistance aligns just overhead.The EUR/GBP pair edged lower on Friday, trading near the 0.8500 zone after the European session as selling pressure remained consistent. The pair settled within the middle of its daily range, reflecting cautious sentiment despite the broader bearish tone. Short-term signals continue to weigh on the pair, while longer-term moving averages offer a more supportive backdrop.Technically, the pair is flashing a bearish overall signal. The Relative Strength Index (RSI) is neutral near 45,…
GBP/USD gains on US-UK agreement, holds near 1.33 The Pound Sterling posted solid gains on Friday, edging up 0.41% after the announcement of a trade deal between the US and the UK on Thursday. However, a rate cut by the Bank of England (BoE) capped its gains, but the pair remains trading near the 1.33 handle after bouncing off a daily low of 1.3211. Read More… Pound Sterling surges against US Dollar ahead of US-China trade talks The Pound Sterling (GBP) recovers intraday losses and advances to near 1.3300 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD…
NZDUSD technicalsNZDUSD attempted a downside break today, falling below key swing support and the 200-day moving average 0.58836, but after reaching a low of 0.5869, the price quickly rebounded, disappointing the sellers. The price is now showing signs of stabilization with the buyers pushing back higher. Sellers had their shot below 0..5883 to 0.58927. They missed. Earlier this week (Wednesday), the pair moved to a high near the April highs at 0.60281 (the high reached 0.6022), suggesting strong resistance remains at the upper boundary of the consolidation range. So buyers had their shot as well, but they failed to extend…
EUR/JPY trades near 163.45, slipping after rejection from 163.94 resistance.Caution ahead of ECB’s Schnabel speech limits Euro support, despite ECB-BoJ policy gap.Soft Japanese data underscores Yen weakness, but safe-haven demand keeps gains in check.US–China trade talks revive risk appetite, though Trump’s tariff threat tempers optimismThe EUR/JPY pair is trading lower on Friday, weighed down by renewed US–China trade tensions, mixed economic data out of Japan, and cautious investor positioning ahead of a scheduled speech by European Central Bank (ECB) Executive Board member Isabel Schnabel. At the time of writing, EUR/JPY is down 0.20% at 163.45, as markets recalibrate expectations around safe-haven…