Author: FX
Gold (XAU/USD) is accelerating its rebound near $4,250 at the time of writing on Wednesday amid easing geopolitical tensions after United States (US) President Donald Trump said that a deal to reopen the Strait of Hormuz was imminent. Bitcoin (BTC) mirrors the metal’s near-term bullish bias, edging higher toward the resistance at $65,000.Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of…
Prior was +98K (revised to 95K)Details:Goods -3K versus +2K last monthServices +47K versus +96K last monthSmall business K vs +53K priorMedium businesses K vs +29K last monthLarge businesses K vs +25K last monthWages:Wages for job stayers 4.4% vs 4.4% last monthWages for job changers 7.0% vs 6.6% last monthFor me, this survey has been more credible than non-farm payrolls for at least the last year but it doesn’t get the same attention in markets and — at the moment — the market isn’t overly focused on jobs. The red flag in this report is rising wages for job changers, that’s…
Rabobank’s Global Daily notes Brent futures fell to around $79 as reports suggested the US, Iran and Oman are close to a temporary deal to reopen the Strait of Hormuz. The bank highlights that the structure of this 60‑day arrangement resembles a previous agreement that collapsed after renewed attacks, leaving a long and risky road ahead.Oil reacts to tentative Hormuz accord”Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an…
South Korea may have joined Japan’s yen intervention, adding extra firepower to a coordinated push against persistent dollar strength overnight. Source link
The Volume by Price Indicator MT4 helps traders see which price levels attracted the highest trading activity instead of focusing only on time. Those high-volume zones often act as support, resistance, or areas where large market participants became active. That gives traders another layer of confirmation before entering a position. No tool can predict the future, but understanding where trading activity has been concentrated can improve decision-making. The sections below explain how the indicator works, where it performs best, and how traders can use it alongside other technical analysis methods. What Is the Volume by Price Indicator MT4? The Volume…
The softer inflation data at the end of July dampened hopes of a RBA rate hike this month and that dragged AUD/USD down for a bit last week. But with USD/JPY intervention keeping things interesting, the dollar fell across the major currencies space and helped to see a bounce in AUD/USD. That before the breakout in Wall Street yesterday gave more impetus for the currency pair to try and push for a stronger upside break above 0.7000.The jump higher yesterday erased the losses from Monday and puts the focus back on the 100-day moving average (red line):[AUD/USD daily chart]The currency…
The NZD/USD pair weakens to near 0.5870 during the early European trading hours on Wednesday. The New Zealand Dollar attracts some sellers against the US Dollar (USD) after New Zealand’s unemployment rate climbs to the highest in 11 years. Traders await the US ADP Employment and ISM Services Purchasing Managers’ Index (PMI) reports, which are due later on Wednesday. All eyes will be on the US July data on Friday. New Zealand’s unemployment rate jumped to 5.6% in the second quarter (Q2) of 2026, up from 5.3% in Q1, according to Statistics New Zealand on Wednesday. This figure came in worse than…
Guppy recently fell through a long-term ascending trend line, suggesting that a reversal is in the cards. Can it still pull up for a retest of the former support? Source link
New Zealand’s unemployment rate rose to 5.6% in the June 2026 quarter, up from a revised 5.4% in March. How did NZD react to the report? Source link
PBOC is expected to set the USD/CNY reference rate at 6.7480 – Reuters estimate !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link