Author: FX

This week’s upcoming U.S. ISM manufacturing PMI report can guide traders in positioning for the NFP release.  Will we see early fireworks before the Fourth of July holiday? Here are the points to know when trading this major 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

The Fan Simple 8 MT4 Indicator is a trend-based tool designed to help traders understand market direction using fan lines. These lines are drawn on the chart in a layered, “fan” shape, showing multiple support and resistance levels. Unlike complex indicators with too many settings, this one is straightforward. It shows the trader how the price reacts within each layer, helping them spot potential breakouts or trend continuations. The visual layout makes it suitable even for beginners who are still learning how to read the market effectively. How It Works on the Chart When applied to…

Oil edges down on expectations of more OPEC+ supply, tariff fears Source link

Japan plans to start extracting rare earth elements from the seabed near Minami-Torishima Island in fiscal 2025, beginning January 2026, according to Nikkei Asia (gated). In brief:The project, aimed at reducing dependence on China for critical minerals used in electric vehicles and electronics, was originally set for 2024 but was delayed due to a late pipe delivery.Location: Pacific Ocean, approximately 1,900 km southeast of Tokyo, near Minami-Torishima IslandResources: Mud rich in rare earths, including cobalt and nickelTimeline: Extraction to begin in early 2026Strategic Goal: Diversify Japan’s supply chain for rare earths, currently dominated by China Later this year, ForexLive.com is…

IMF to provide Ukraine with $500 million after review Source link

USDCAD technicalsThe USDCAD extended its decline today, pushing to new session lows and retesting the key support level at 1.3617—the low from last week. The downside momentum gathered pace after the pair failed to hold above the 100- and 200-hour moving averages earlier in the day, where sellers reasserted control and capped upside attempts.The move comes as fresh optimism surrounds the prospect of a renewed U.S.–Canada trade deal following Canada’s decision to withdraw its proposed Digital Services Tax. The removal of this tax—previously a key source of tension—has opened the door for resumed trade discussions, helping boost sentiment around the…

AMZN Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of i. Direction: Upside in (v). Details: The market appears to be completing a five-wave sequence within wave i, with wave (v) currently unfolding. Wave (iii) previously extended, supporting ongoing upside potential in wave (v). AMZN Elliott Wave Technical Analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of i. Direction: Upside in (v). Details: With wave iii and wave i of (v) showing similar lengths, wave v could extend. This extension might drive price action toward the top of Minor Group 1, targeting $230. This…

Annual inflation in Germany declined to 2% in June from 2.1% in May. EUR/USD stays in daily range slightly above 1.1700. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis’ flash estimate showed on Monday. On a monthly basis, the CPI remained unchanged, compared to the market expectation for an increase of 0.2%. The Harmonized Index of Consumer Prices in Germany, the European Central Bank’s preferred gauge of inflation, declined to 2% on a yearly basis after rising 2.1% in May. This reading came…

Gold price moves toward $3,300 but US equity strength caps gains.Fiscal concerns loom as Trump’s Big Beautiful Tax Bill comes into focus ahead of the July 4 deadline.XAU/USD looks ahead to Thursday’s Nonfarm Payroll (NFP) report for signs of when the Fed may cut rates.Gold (XAU/USD) continues to trade below $3,300 at the time as markets brace for heightened volatility ahead of Friday’s US Independence Day holiday.Political developments in the United States have taken center stage, with President Donald Trump’s administration accelerating efforts to pass the “One Big Beautiful Bill” by his self-imposed July 4 deadline. The legislation, which narrowly…

The Channel Based on the Fibo levels MT4 Indicator is a custom tool designed to plot dynamic channels using Fibonacci retracement levels. It automatically adjusts based on recent price swings, forming a visually clear path for where price may find support or resistance. Traders don’t need to manually draw lines or guess where the key levels are — the indicator does it all for them. This makes it especially helpful for beginners or those who want to save time while analyzing the chart. How It Works in Real-Time Trading This indicator draws upper and lower channel lines based on Fibonacci…