Author: FX
Pound Sterling trades with caution as investors await BoE’s interest rate decision The Pound Sterling (GBP) trades cautiously against its major peers on Thursday ahead of the Bank of England’s (BoE) monetary policy announcement at 11:00 GMT. Investors expect the BoE to leave borrowing rates steady at 4.25%, with a 7-2 majority vote. BoE Monetary Policy Committee (MPC) members Swati Dhingra and Alan Taylor are expected to support an interest rate cut, as they endorsed a larger-than-usual 50 basis points (bps) interest rate reduction in the May policy meeting. Read more… GBP/USD Forecast: Buyers remain on sidelines ahead of BoE…
The MIndex MT4 Indicator is a momentum-based tool designed to help traders identify overbought and oversold conditions with precision. It works by analyzing market strength and visualizing that data in an easy-to-read format. Whether the market is ranging or trending, MIndex helps traders understand what’s happening behind the candles. Instead of relying on guesswork, traders use this indicator to confirm signals and avoid unnecessary risks. Key Features and Benefits MIndex is known for its simplicity and visual clarity. It typically displays as a line or histogram under the chart, allowing users to spot shifts in momentum quickly. When the MIndex…
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…
Looking for an opportunity to jump on gold’s uptrend? XAU/USD is fast approaching a key support area. Check out what we’re seeing on the 4-hour time frame! XAU/USD 4-hour Chart by TradingView Gold has lost some of its shine in recent days as the Israel-Iran conflict pushed traders back into the U.S. dollar for safety. Hawkish Fed commentary, especially the focus on sticky goods inflation, also helped lift USD demand. That said, the outlook could flip fast if the U.S. confirms direct involvement in the Middle East conflict, which might shift the safe haven flows back in gold’s favor. Is…
Dollar advances as Mideast worries rise and as Powell flags inflation risks Source link
Last week, we looked at CHF/JPY for a potential breakout play as markets reacted to a less hawkish tone from the BOJ. Since then, the pair pushed to fresh June highs around 178.25 before running into steady selling pressure. Are we looking at a possible pullback opportunity? CHF/JPY 4-hour Forex Chart by TradingView The Swiss franc got a leg up earlier this month thanks to cooling global trade tensions, whispers of a Russia-Ukraine peace deal, and the U.S. dollar losing its shine. That combo pushed CHF/JPY all the way up to the R1 Pivot Point around 178.26. But the vibe…
The PowerTrend MT4 Indicator is a trend-following tool used in MetaTrader 4. It analyzes price momentum and direction, presenting easy-to-read visual signals that help traders identify strong bullish or bearish moves. Instead of relying on several different indicators, PowerTrend simplifies the process by combining momentum and trend confirmation into one display. It’s especially useful for beginners and intermediate traders who want clear, visual trend identification without digging through complex charts or formulas. How Does PowerTrend Work? The indicator typically displays colored bars or arrows on the chart, making it easy to see when a trend is starting or ending. A…
Markets traded cautiously on Wednesday as investors juggled hawkish Fed signals with growing Middle East tensions. Equities ended flat, gold sold off, oil dipped, and the U.S. dollar rebounded late in the session after Fed Chair Powell warned of persistent inflation pressures. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac leading index for May: -0.1% m/m (0.2% m/m forecast; 0.0% m/m previous) U.K. retail price index for May: 4.3% y/y (4.7% y/y forecast; 4.5% y/y previous); 0.2% m/m (0.6% m/m forecast; 1.7% m/m previous) U.K. CPI for May: 0.2% m/m (0.3% m/m forecast;…
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 FOMC maintained its benchmark interest rate at 4.25-4.50% for the fourth consecutive meeting while revising economic projections lower for growth and higher for inflation, signaling a more cautious stance on monetary easing. Key Takeaways from the June FOMC Statement Interest rates held steady at 4.25-4.50% for fourth consecutive meeting as expected Economic growth downgraded with 2025 GDP forecast revised down to 1.4% from March’s 1.7% projection Inflation outlook worsened as 2025 PCE inflation forecast increased to 3.1% from 2.8%, reflecting persistent price pressures Unemployment projections raised slightly to 4.5% for year-end 2025 from previous 4.4% estimate Uncertainty acknowledged but…