Author: FX

EURUSD technicalsSince May 12, the EURUSD has been steadily trending higher, rising from a low of 1.1065 to a high of 1.18266 this week—a gain of 761 pips over 37 trading days, or 6.88%. The rally has been supported by solid upside momentum and broad-based dollar weakness..On a year-to-date basis, the EURUSD is up an impressive 13.78%, after closing 2024 at 1.0354. The rise has been fueled by sustained dollar selling in 2025, driven by mounting concerns over U.S. debt levels and a reallocation of global capital. This strength has come even as eurozone rates have moved lower, highlighting the…

Gold price pauses above $3,340 as markets look ahead to Thursday’s Nonfarm Payrolls (NFP) report.President Trump’s tax bill heads to the House of Representatives after passing the Senate on Tuesday. Fiscal concerns support demand for bullion.XAU/USD price action stalls below the 20-day simple moving average, providing resistance at $3,350.Gold (XAU/USD) price is trading in a tight range as traders digest Wednesday’s Automatic Data Processing (ADP) employment data and look ahead to Thursday’s Nonfarm Payroll (NFP) report.With XAU/USD hovering near $3,340 at the time of writing, US President Trump’s tax bill and interest rate expectations continue to drive demand for bullion.The…

IONQ Elliott Wave analysis Function: Counter Trend. Mode: Corrective. Structure: Corrective. Position: Wave A of y. Direction: Downside in Wave C Details: Price targeting $25 and then $20 as Wave C nears completion. In the daily timeframe, IonQ, Inc. (IONQ) is advancing through the final stages of its corrective structure. Wave C, within Wave y, is leading the price toward the $25 level, and potentially to $20. This movement suggests the conclusion of a larger corrective phase may be near. As Wave B finishes, a decline in Wave C is likely to follow, setting up a possible short-term bearish opportunity.…

GBP/JPY stays under strong selling pressure and trades below 196.00 on Wednesday.UK gilt selloff weighs on Pound Sterling.UK Prime Minister Keir Starmer refused to confirm that finance minister Rachel Reeves will remain in her position.Pound Sterling stays under heavy selling pressure on Wednesday as markets assess the latest political developments in the UK. At the time of press, GBP/JPY was trading at its lowest level in two weeks near 195.50, losing 0.8% on a daily basis.British finance minister Rachel Reeves seemed visibly upset during PMQs on Wednesday after Prime Minister Keir Starmer refused to guarantee that she would remain in…

Are you still on track to meet your trading goals? Are your trading systems living up to their back and forward testing potential? If you feel frustrated over your performance, don’t worry. It may be that you’re forgetting a few basic truths about trading. Let’s take a reality check on some truths that not a lot of traders will tell you but will help your trading journey: 1. It takes money to make money. While a lot of traders have been successful starting small, they’ve also had to deal with pitfalls involved with trading small accounts. Trading with oversized and overleveraged…

ECB is in a good place, but no reason for complacency.Can’t allow inflation undershoot to shift expectations.Concerned about inflation being below target for an extended time.Exchange rate is not a policy target.Risks to inflation are two-sided.The Euro has real chance to become more important.He’s clearly a dove with such a strong focus on the risk of undershooting the target. ECB speakers have been citing Euro’s appreciation much more frequently recently with de Guindos kind of drawing a line in the sand at $1.20. All else being equal (and it rarely stays like that), if the euro continues to surge and…

Gold price struggles to attract any meaningful buyers amid a combination of diverging forces. A modest USD bounce from a multi-year low and a positive risk tone caps the XAU/USD pair.Fed rate cut bets keep a lid on the USD and support the XAU/USD pair amid trade uncertainties.Gold price (XAU/USD) seesaws between tepid gains/minor losses through the first half of the European session on Wednesday and remains below a one-week high touched the previous day. The USD gains some positive traction and for now, seems to have snapped a seven-day losing streak to its lowest level since February 2022, which,…

The FX CHAOS MT4 Indicator is a visual trading tool that helps spot market direction using a combination of moving averages, trend detection, and smoothed price action. It draws colored bands or lines on the chart, making it easy to tell whether the market is trending up, down, or staying flat. The name “CHAOS” reflects its ability to find order in the unpredictable movements of the forex market. Whether you’re a beginner or experienced trader, this tool provides a fast, at-a-glance market view. How It Works on the Chart When added to your MT4 platform, the FX CHAOS Indicator overlays…

The Loonie is having trouble extending its downswings near a key support zone! Think it means CAD/JPY is ready to extend a longer-term uptrend? Let’s take a closer look at the 4-hour time frame! CAD/JPY 4-hour Forex Chart by TradingView Japanese yen traders found some support from slightly better-than-expected manufacturing surveys and comments from BOJ Governor Ueda at the ECB Forum, where he noted that underlying inflation remains below the central bank’s 2% target. Still, the yen gave back some of its weekly gains on Tuesday as geopolitical tensions and trade war concerns began to ease. Over in Canada, a…

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…