Author: FX

USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone.Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective dip in the European session finding support near the lower boundary before pushing higher. The USDCHF is now trading at new session highs, approaching the falling 100-hour moving average at 0.9037.A break above 0.9037 could provide buyers with greater confidence that a bottom is in place,…

The Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on Tuesday, declining around 300 points at its lowest following an extended weekend break. Equities somewhat recovered their stance through the US market session, but the Dow Jones remains down around 100 points near 44,450. Stock traders piled back into markets following the President’s Day holiday…

Russia-US negotiations went well.It was a serious conversation on all issues.Putin-Trump meeting unlikely to take place next week.Conditions for Putin-Trump meeting were discussed.US-Russia talks lasted 4.5 hours.Putin to decide when contacts with US on Ukraine start. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link

Gold comfortably drives above $2,900 halfway through the European trading session on Tuesday.  Any headline out of Saudi Arabia from US or Russian officials could move markets.  Going forward, a daily close above $2,910 could put Gold on track for a new all-time high this week.  Gold’s price (XAU/USD) is holding on to 0.50% gain this Tuesday in the European trading session, trading around $2,910 at the time of writing. In markets, US yields are catching up on events after the US President’s Day holiday on Monday. Still, Gold is in favor of traders as a safe haven for tariffs and geopolitical uncertainty. …

Germany's residential building permits fall to 2010 low Source link

Many traders struggle to read forex markets. Price action analysis helps solve this problem. It teaches how to spot trends and patterns on charts. This guide will show you how to master price action analysis in Forex. Key Takeaways Price action analysis focuses on raw price movements without extra indicators. Key parts of price action include support/resistance levels, candlestick patterns, and market trends. The top strategies are breakout, retracement, and reversal trading. Price action simplifies trading decisions and improves market understanding. Mastering price action patterns can give traders an edge in forex markets. Master Price Action Analysis in Forex Price…

The Reserve Bank of Australia (RBA) lowered its benchmark interest rate by 25 basis points to 4.10%, marking its first rate cut since late 2020 as inflation shows signs of moderating more quickly than anticipated. The central bank, however, struck a cautious tone about future policy easing. Although the official  statement emphasized that monetary policy will remain restrictive even after this reduction, the bank indicated that while it’s prepared to ease further if conditions warrant and that any additional policy loosening will likely be gradual and data-dependent. Key Takeaways: RBA lowered cash rate by 25 basis points from 4.35% to…

The RBA was the key highlight to start the day and they delivered a more hawkish rate cut, more or less what was expected. The central bank made clear that this doesn’t mean there will be another in April but they are willing to move again so long as there is evidence of further disinflation. For now though, it is a case of cutting today and then waiting to see on the future.At the balance, AUD/USD is flat at 0.6355 but off its earlier low of 0.6335 on the day. Instead, AUD/NZD is the one seeing stronger flows with a…

USD/CHF gains ground to near 0.9030 in Tuesday’s early European session.  Fed hawkish expectations lift the US Dollar.  Rising geopolitical risks might boost the safe-haven flows, benefiting the Swiss Franc.  The USD/CHF pair extends its recovery to around 0.9030 during the early European session on Tuesday, bolstered by a firmer US Dollar (USD). Investors brace for the release of the NY Empire State Manufacturing Index for February, which will be published later on Tuesday. Also, the Federal Reserve’s (Fed) Mary Daly is scheduled to speak later in the day. Last week’s data showed U.S. consumer prices climbed at the highest pace…

After the Bank of England’s (BOE) “dovish split” decision earlier this month, market watchers are on the lookout for data that could tilt the odds in favor of more rate cuts. Will the upcoming U.K. CPI release suggest weakening inflationary pressures? Here’s what to expect from this top-tier 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 link