Author: FX

The Reserve Bank of Australia (RBA) shocked markets today by keeping the cash rate unchanged at 3.85%, defying widespread expectations for a 25 basis point cut. The decision was made by a 6-3 majority vote, marking the first time the RBA has revealed its voting breakdown. Key Takeaways: RBA held rates at 3.85% vs market expectations of a cut to 3.60% Board voted 6-3 in favor of holding rates Recent monthly CPI data came in “slightly stronger than expected” Board wants more confirmation that inflation remains on track for 2.5% Cited heightened uncertainty about global trade policies and domestic demand…

URW Elliott Wave technical analysis Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with UNIBAIL‑RODAMCO‑WESTFIELD – URW. We see that URW stock has potential to increase in the medium term with a fifth wave. However, in the short term, it is not yet a reasonable buying point. This analysis will clearly show that. Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave 2‑grey of Wave 5‑orange. Details: Wave 4‑orange ended at a low of 6.39 as a triangle labeled A,B,C,D,E‑grey. Now, wave 5‑orange is moving higher, targeting the next high around 8.52. I don’t think wave 5‑orange is finished, so…

The U.S. dollar is creeping up toward a key trend resistance! Sellers have been in control so far, but a break above this level could shift the momentum. We’re watching the 4-hour chart closely to see if the dollar keeps grinding lower or finally breaks out. U.S. Dollar Index (DXY) 4-hour Forex Chart by TV The U.S. dollar picked up some momentum to start the week, thanks to a strange mix of optimism and risk-off vibes. Traders were feeling upbeat on talk that the U.S. might announce more trade deals before the July 9 deadline. There were also rumors that…

Is the Reserve Bank of New Zealand (RBNZ) ready to hold its fire on policy easing? Expectations are for the central bank to keep rates steady at 3.25% for the July meeting as hinted at during their previous announcement. Here’s what you need to know when trading this major catalyst. 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

It was a light day in terms of top-tier economic reports, but that didn’t stop markets from making big moves while bracing for the upcoming July 9 tariffs deadline. Geopolitical developments and OPEC+ updates also caused major waves in the energy sector, leading crude oil to close nearly 3% higher for the day. Here are headlines you may have missed in the last trading sessions! Headlines: Over the weekend, Israel military confirmed attacks on several terrorist targets in Yemen Greek-owned cargo ship in Red Sea struck by rocket-propelled grenade and gunfire on Sunday, attack linked to Houthi militants OPEC+ agreed…

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 Channels FIBO V2 MT4 Indicator is a technical tool that automatically draws Fibonacci-based channels on your chart. These channels are dynamic and move with price action, showing key levels where price might react. Traders use these levels to anticipate pullbacks, bounces, and breakouts. It’s designed to work with all major forex pairs and timeframes, making it flexible for day traders, swing traders, and even longer-term investors. Why This Indicator Stands Out Unlike basic Fibonacci tools, this version creates a channel, giving a full visual guide for both trend direction and price zones. It not only highlights retracement levels but…

Texas search teams face more rain as death toll surpasses 80 Source link

The White House confirmed that Trump has signed an executive order pushing the tariff implementation deadline from July to August 1. White House also announced it will terminate federal subsidies for energy sources under the control of foreign entities This article was written by Eamonn Sheridan at www.forexlive.com. Source link

After Pres. Trump. A 25% tariff on all Japanese products sent to the US separate from all Sectoral tariffs, the USD has moved higher. yield are higher and stocks are lower:USDJPY has moved to a new session highs as it continues its trend day to the upside. The price is within a swing area between 145.919 and 146.288. The high price just reached 146.08.EURUSD: The EURUSD has moved to new lows for the day and in the process moved below the swing low from earlier today at 1.1716 which was also the swing low from last Thursday’s trade. Getting below…