Author: FX
The Wall Street Journal have a piece up on the data from Japan earleir. Data is here:The Journal is gated, but in brief:Japan’s core consumer inflation slowed to 3.3% year-over-year in June, down from 3.7% in May and in line with economist expectations.moderation was driven by a deceleration in energy prices, which rose 2.9%food prices (excluding fresh food) accelerated to 8.2%data offered some relief for the Bank of Japan, which remains cautious amid ongoing uncertainty around the global trade outlook. Despite elevated price levels, the BOJ is not expected to raise interest rates in the near term, particularly as policymakers…
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After Wednesday’s Fed Chair firing fiasco left markets rattled and dollar bears prowling, today’s US delivered the plot twist everyone needed: reminders that U.S. economic data is rock-solid and why fundamentals usually win over headlines. From retail sales crushing expectations to jobless claims plummeting, the American consumer stepped up as the unlikely hero of the story. The result? A classic “good news is good news” rally that sent stocks soaring, oil surging, and the dollar flexing its muscles against every major currency in sight. Here are headlines you may have missed in the last trading sessions! Headlines: Japan Reuters Tankan…
The NASDAQ index is closing at its 10th record close this year. The S&P is also closing at a record. The record close represents its ninth for the year.A snapshot of the closing levels shows:Dow industrial average up 230.32 points or 0.52% at 44485.10. S&P index up 33.76 points or 0.54% at 6297.46.NASDAQ index up 153.78 points or 0.74% at 20884.27.Just announced, Netflix reported EPS of $7.19 higher than the $7.06 estimate. Revenues came in at $11.08 billion marginally higher than the $11.04 billion estimate.Guides higher to $44.80 to $45.2B up versus estimates of $44.43 billionNetflix shares are currently trading…
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…
Gold price falls as Fed Kugler reinforces hawkish stance.Retail Sales beat and Jobless Claims drop suggests that the economy remains resilient, supporting US yields.XAU/USD dips as psychological support firms at $3,300.Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await further comments from Federal Reserve (Fed) officials. The yellow metal trades near $3,330 at the time of writing, down 0.6% in the day.With the timing of when the Federal Reserve will cut interest rates still uncertain, several members of the central bank are scheduled to speak throughout the day. Comments from Governor Adriana…
The US Dollar regains ground as US President Donald Trump walks back the threat to remove Fed Chair Jerome Powell.The US Dollar Index trades near three-week highs, buoyed by sticky inflation and stable Treasury yields.Technical breakout signals bullish momentum, with upside targets at 99.50 and the psychological 100.00 level.The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell. Market tensions eased after Trump walked back the threat, stating it was “highly unlikely” that he would dismiss Powell.…
Rate cuts by year-endFed: 45 bps (97% probability of no change at the upcoming meeting) ECB: 24 bps (94% probability of no change at the upcoming meeting) BoE: 51 bps (77% probability of rate cut at the upcoming meeting) BoC: 16 bps (91% probability of no change at the upcoming meeting) RBA: 66 bps (88% probability of rate cut at the upcoming meeting)RBNZ: 33 bps (70% probability of rate cut at the upcoming meeting) SNB: 11 bps (85% probability of no change at the upcoming meeting) Rate hikes by year-endBoJ: 16 bps (99% probability of no change at the upcoming…
The Day Stochastic MT4 Indicator is a custom version of the traditional stochastic oscillator, tuned specifically for daily intraday trading. It tracks price momentum and highlights key turning points in the market by showing where the price may be overbought or oversold. This version focuses on daily price ranges, making it ideal for short-term traders who want to capture quick moves within the day. How It Works in Practice When applied to a chart, the indicator displays two main lines: %K and %D. These lines move between a range of 0 and 100. When they rise above 80, it suggests…
The semiconductor company can’t confirm 2026 growth as tariff threats still loom.ASML (NASDAQ:ASML) stock was dropping on Wednesday, down about 8%, despite having a pretty solid quarter.It wasn’t so much the past results that were of concern, rather it was the clouded 2026 outlook.ASML is a Netherlands-based semiconductor stock that builds the equipment and machines that are used to produce AI semiconductor chips. As such, it is a key player in the AI chip supply chain for companies like NVIDIA (NASDAQ:NVDA).As mentioned, it was a solid second quarter for ASML as it beat revenue and earnings estimates. The firm generated…