Author: FX
The UK Unemployment Rate rose to 4.7% in three months to May.The Claimant Count Change for Britain stood at 25.9K in June.GBP/USD holds losses below 1.3400 after mixed UK employment data.The United Kingdom’s (UK) ILO Unemployment rose to 4.7% in the three months to May after reporting 4.6% in the quarter to April, data published by the Office for National Statistics (ONS) showed on Thursday.The data came in above the market consensus of 4.6%.Additional details of the report showed that the number of people claiming jobless benefits increased 25.9K in June, compared with a revised increase of 15.3K in May, above…
Australia’s labor market showed signs of cooling in June 2025, with the unemployment rate climbing to 4.3% on a seasonally adjusted basis and employment growth falling significantly below estimates at a meager 2K increase. Although this represented a rebound from the earlier 1.1K reduction in hiring, the actual employment change figure fell short of the 21K consensus gain. Key Points from the June Employment Report Unemployment rate increased to 4.3% (seasonally adjusted) from 4.1% in May, marking the highest level since early 2024 Employment growth stalled with only 2,000 net jobs added (seasonally adjusted), well below expectations and significantly slower…
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…
WTI crude oil recently fell through its ascending channel support, suggesting that a reversal from the climb could be in the works. Will more sellers hop in on these pullback levels? WTI Crude Oil 1-hour Chart by TradingView Easing geopolitical tensions appear to have taken WTI crude oil out of its uptrend during the first half of July while resurfacing global trade jitters also weighed on the demand outlook for the commodity. With that, price fell through support around $67 per barrel and may be looking into a possible trend reversal. Will the area of interest at the former channel…
The GMMA Indicator uses two sets of exponential moving averages (EMAs). One group tracks short-term trader behavior, and the other follows long-term investor trends. When both groups move in the same direction with strong spacing, it signals a solid trend. But when the groups tangle or narrow, it hints at market indecision or possible reversals. This makes the GMMA ideal for trend-following strategies. How It Works on MT4 Once installed on MetaTrader 4, the GMMA displays 12 moving average lines: 6 short-term and 6 long-term. Short-term EMAs react quickly to price changes, while long-term EMAs move more slowly. Traders can…
Israel launches heavy airstrikes in Damascus, vowing to protect Druze 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…
Markets navigated several themes on Wednesday as traders juggled a cocktail of inflation surprises & Fed drama. The big action of the day surrounded anonymous reports of Trump potentially firing Fed Chair Powell, sending ripples through all of the major markets and creating very mixed outcomes from the usual market correlations. Here are headlines you may have missed in the last trading sessions! Headlines: Japan Reuters Tankan Index for July 2025: 7.0 (7.0 forecast; 6.0 previous) U.K. Consumer Price Index Growth Rate for June 2025: 0.3% m/m (0.4% m/m forecast; 0.2% m/m previous); 3.6% y/y (3.5% y/y forecast; 3.4% y/y…
The UK’s consumer price inflation accelerated to 3.6% year-on-year in June, up from 3.4% in May, marking the highest reading since January 2024 and potentially dampening expectations for aggressive Bank of England rate cuts in the near term. Key Points from the June CPI Report Headline CPI rose to 3.6% annually, above the 3.4% consensus forecast, with monthly inflation climbing 0.3% versus 0.1% in June 2024 Core CPI (excluding energy, food, alcohol, and tobacco) increased to 3.7% from 3.5% in May, signaling persistent underlying price pressures CPIH (including owner occupiers’ housing costs) climbed to 4.1% from 4.0%, remaining well above…
NASDAQ index is positive and on pace for a record closeThe major US indices have had a up-and-down session along with the up-and-down headlines from Pres. Trump regarding the Fed chair. Recall also at the beginning the day, the markets were supported by better PPI data.Reports of Pres. Trump firing Powell sent the NASDAQ index down -170.74 points at session lows. The high price at the start of day so the index rise 53.96 points. The NASDAQ index is now up 35 points or 0.17% at 20713.07. Recall from yesterday, the index closed at a new record level so a…