Author: FX
The US Dollar starts the week higher, supported by safe-haven flows amid tariffs fears.The US is set to formally notify over 100 countries of new tariffs by July 9, with implementation scheduled for August 1.The US Dollar (DXY) rises back inside a falling wedge pattern, with RSI and MACD showing signs of bullish momentum building.The US Dollar (USD) kicks off the week on a firmer footing against its major peers, supported by safe-haven demand following Trump’s tariff announcements and fading expectations of near-term Federal Reserve (Fed) rate cuts. The US President posted letters on his social media platform targeting Japan…
Tariff fears are hitting the Euro worse than the Pound.The GBP has been firmer since UK Chancellor Reeves was confirmed in her role.EUR/GBP is hovering right above a significant support area at 0.8600.The Pound is faring better than the Euro in a risk-averse market, as investors await more clarity about the size of the US tariffs and the date of their introduction. The Euro is trading lower, approaching a significant support area at 0.8600.A strong German Industrial Production report, showing an unexpected growth in factory output, failed to cheer investors earlier on Monday, and the common currency extended losses after…
We’re excited to announce that ForexLive.com will officially rebrand to investingLive on July 21. Over the years, we’ve grown beyond our original focus on forex. Our coverage now includes stocks, commodities, crypto, investing strategies, and market intelligence, in addition to everything we’ve always offered on currency trading.This rebrand gives us the name and look to match that growth.From July 21, all of your favorite content, tools, and real-time updates will continue, just under our new name: investingLive. You’ll still get the fast, accurate market updates you expect. What’s new is a broader scope, cleaner experience, and more valuable insights for…
US envoy in Beirut for talks on Hezbollah disarmament as Israel ramps up strikes Source link
The RSI MA Trade Sist Chart MT4 Indicator is a smart blend of two popular technical analysis tools: the Relative Strength Index (RSI) and Moving Averages (MA). This custom indicator plots visual signals directly on your chart, helping traders see potential reversals, overbought/oversold zones, and trend strength. It’s designed for all skill levels and works on most timeframes, making it a flexible choice for day traders, scalpers, and swing traders alike. Why Combine RSI and Moving Averages? RSI alone shows if a market is overbought or oversold, but it can give false signals during strong trends. Moving averages help confirm…
A light week lies ahead, as is typically the case following the NFP release. On Monday, there are no significant economic events scheduled for the FX market. On Tuesday, the highlight will be the RBA monetary policy announcement in Australia while on Wednesday, attention will turn to the RBNZ monetary policy announcement, followed later by the release of the FOMC meeting minutes in the U.S. On Thursday, the U.S. will release unemployment claims data and Friday, the U.K. will publish its GDP m/m figures with Canada releasing its employment change data and the unemployment rate. Throughout the week, some FOMC…
Gold prices fell in Philippines on Monday, according to data compiled by FXStreet. The price for Gold stood at 6,023.19 Philippine Pesos (PHP) per gram, down compared with the PHP 6,072.35 it cost on Friday. The price for Gold decreased to PHP 70,253.26 per tola from PHP 70,826.65 per tola on friday. Unit measure Gold Price in PHP 1 Gram 6,023.19 10 Grams 60,231.86 Tola 70,253.26 Troy Ounce 187,342.20 FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time…
ASX: BHP Group Limited – BHP Elliott Wave technical analysis Our updated Elliott Wave analysis focuses on BHP GROUP LIMITED (ASX:BHP), showing promising upward potential. The recently completed wave 2-orange appears to have formed a Zigzag pattern, indicating a possible rise with wave 3-orange underway. This section outlines our forecasted target range and the key price levels to confirm this bullish scenario. ASX: BHP Group Limited – BHP one-day chart (semilog scale) analysis Wave function: Major trend (Intermediate degree, orange). Wave mode: Motive. Structure type: Impulse. Wave position: Wave 3-orange. Details: Starting from the low at 33.25, wave 1-orange unfolded…
The Reserve Bank of Australia (RBA) is expected to cut its interest rates this week! Our Event Guide for the RBA July Decision suggests that the decision will likely result in shallow dips for the Aussie since the move is already priced in and widely expected. Here’s why AUD/JPY and AUD/NZD could be worth a look if the RBA delivers the anticipated 25bp cut. 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…
Many are expecting the RBA to announce yet another 0.25% rate cut in this week’s decision, but what if policymakers surprise the markets by sitting on their hands and suggesting a longer easing pause? Here’s what I’m watching on AUD/CHF and GBP/AUD in this scenario. 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