Author: FX

Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 6,068.03 Philippine Pesos (PHP) per gram, down compared with the PHP 6,080.62 it cost on Wednesday. The price for Gold decreased to PHP 70,784.72 per tola from PHP 70,923.19 per tola a day earlier. Unit measure Gold Price in PHP 1 Gram 6,068.03 10 Grams 60,687.41 Tola 70,784.72 Troy Ounce 188,736.90 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…

GBP/CAD just threw down a big red candlestick after tagging new 2025 highs! Is this just a breather or the start of a longer-term downswing? We’re eyeing a major support zone that could decide whether the bulls step back in or call it a day. GBP/CAD Daily Forex Chart by TradingView Sterling slipped across the board after traders started doubting whether Chancellor Reeves still had solid backing from the government, especially after it watered down benefit cuts she had championed to balance the budget. At the same time, the Canadian dollar drew strength from rising oil prices, growing hopes for…

The U.S. private sector unexpectedly lost 33,000 jobs in June, a big miss compared to the forecast for a 95,000 gain. That’s the first drop since March 2023, and to make things worse, May’s figure was revised down to 29,000 from 37,000. Most of the weakness came from services, with professional and business services down 56,000 and education and health services shedding 52,000. Still, there were a few bright spots: manufacturing, construction, and leisure and hospitality all added jobs. Link to ADP Non-farm Employment Report for June 2025 Key points from the release: Service sectors led the decline: professional/business services…

Gold has been forming lower highs and higher lows, consolidating inside a fresh triangle pattern and bouncing off support. Can it go for a breakout soon? Check out these nearby support and resistance levels on the 4-hour time frame. Gold (XAU/USD) 4-hour Forex Chart by TradingView Shifting market sentiment and dollar trends have been pulling this precious metal in opposite directions over the past few months, as traders had to grapple with tariffs headlines and geopolitical uncertainty. Still, gold has managed to bounce off its newly-forming symmetrical triangle support at the beginning of the month, suggesting that bulls could keep…

Will the upcoming NFP release spark market fireworks before the Fourth of July? Expectations are for a slightly slower pace of hiring gains in June, but leading indicators are giving mixed signals. Here’s what you need to know when trading the official U.S. employment 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

Markets had a mixed day as traders reacted to weaker-than-expected U.S. jobs data, new trade headlines, and fresh concerns about U.S. and U.K. government spending. Stocks and Bitcoin climbed, gold gained on Fed rate cut expectations, and oil jumped after Iran cut ties with nuclear inspectors. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand NZIER business confidence for June 30: 22.0% (6.0% forecast; 19.0% previous) New Zealand building permits for May: 10.4% m/m (-1.8% m/m forecast; -15.6% m/m previous) Australia S&P Global manufacturing PMI final for June Japan Tankan large manufacturers index for…

Tesla sold 61,000 electric vehicles in China in June, up 3.7% y/yNo further details at this stage This article was written by Eamonn Sheridan at www.forexlive.com. Source link

The Float Pivot MT4 Indicator is a technical analysis tool that plots pivot levels based on the most recent market action. Unlike traditional pivot points, which rely on fixed timeframes like daily or weekly data, this indicator floats with the price. It recalculates pivot levels continuously, helping traders see more relevant zones of support and resistance. This makes it especially useful in fast-moving or volatile markets, where fixed pivots might be too rigid. How It Works on the Chart Once added to the MT4 chart, the Float Pivot draws dynamic pivot lines that shift with new price information. These lines…

The U.S. has given Enterprise Products Partners the green light to restart ethane exports to China, the company announced on Wednesday, reversing a licensing restriction introduced only weeks earlier as trade tensions shifted from tariffs to supply chain controls.In late May and early June, the U.S. imposed new curbs on ethane and various other exports to China, citing Beijing’s delays in sending rare earth materials critical to industries like automotive. The restrictions were rolled back on Wednesday after the U.S. and China reached an agreement last week on the flow of rare earth minerals and magnets to the U.S.Trade relations…

US natgas prices gain over 2% on mid-July heat forecasts, more cooling demand Source link