Author: FX

Markets appeared less enthusiastic about trade negotiations between the U.S. and China while turning their attention to the U.S. inflation report for May. Meanwhile, worsening geopolitical tensions in Iran sparked a huge rally for crude oil later in the day. Here are headlines you may have missed in the last trading sessions! Headlines: Japan’s PPI slumped from 4.1% to 3.2% y/y in May vs. 3.5% forecast API reported reduction of 370K barrels of oil vs. estimated 700K increase U.S. and Mexico reportedly nearing a deal on tariffs and steel imports U.S. Commerce Secretary Lutnick said that they achieved “a handshake…

Chinese state media with the report, probably seeking to contrast with the overtly heavy handed restrictions being enforced in the us. China’s National Immigration Administration announced that, starting June 12, Indonesian travellers will be eligible for the country’s 240-hour visa-free transit policy. This brings the total number of participating countries to 55.The policy allows eligible travellers with valid documents and a confirmed onward ticket to a third destination to transit through China for up to 240 hours without a visa. It applies at 60 designated entry points across 24 regions, including major cities like Beijing and Shanghai. Later this year,…

Headline US CPI rose only 0.1% in May, marking a deceleration from April’s 0.2% uptick and supporting the Fed’s cautious policy stance. Here’s how USD reacted. Source link

The United States (US) is scaling back the number of personnel in the Middle East as the tensions between Israel and Iran escalate, per Reuters. US President Donald Trump said on Wednesday that the US would not allow Iran to have a nuclear weapon.Reuters reported earlier on Wednesday that the US is planning a partial evacuation of its Iraqi embassy and will allow military dependents to depart places around the Middle East, citing security risks in the region. Market reactionAt the time of writing, the Gold price (XAU/USD) is trading 0.46% higher on the day to trade at $3,370. Risk sentiment FAQs…

Thai ruling party grapples with border crisis, thorny court case amid bleak economy Source link

Expectations for a breakthrough in U.S.-China trade relations remain subdued despite Trump’s announcement of a potential deal. According to Mark Williams, Chief Asia Economist at Capital Economics, the agreement focuses narrowly on non-tariff issues—such as rare earth export controls—while leaving core trade tensions unaddressed.Crucially, existing tariffs remain untouched. Although the resumption of dialogue may signal room for future progress, Williams cautions that the bilateral relationship is “in far worse shape than a few months ago,” limiting near-term optimism. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders…

GBP/USD climbs as US CPI miss fuels Fed rate cut bets GBP/USD advances on Wednesday during the North American session, boosted by a weaker-than-expected consumer inflation report in the United States (US), which increased speculation that the Federal Reserve (Fed) may reduce borrowing costs twice in 2025. At the time of writing, the pair trades at 1.3537, up 0.34%. Read More… GBP/USD holds above 1.3500 as USD loses strength after CPI Following Tuesday’s sharp decline, GBP/USD stages a rebound and trades above 1.3500 in the American session on Wednesday. At the time of press, the pair was up 0.23% on…

Speaking on CNBC: China is going to approve all applications for magnets for US companiesTrump-Xi has to approve final wordingI am really excited about how this is going to work for AmericaChina is always trying to remove export controls This article was written by Greg Michalowski at www.forexlive.com. Source link

AUD/USD adds to the weekly advance, surpassing the 0.6500 mark.The US Dollar remains under pressure from economic data, US-China trade deal.The US CPI fell below consensus, rising by 2.4% YoY in May.The upward trend in the Aussie Dollar (AUD) continues unabated this week, with AUD/USD advancing for the third consecutive day and reaching new yearly peaks near the 0.6550 level.AUD/USD propped up by USD selling, trade optimismThe pair keeps its weekly recovery well in place on Wednesday in response to further pessimism hurting the Greenback, while auspicious news on the trade front also alleviated concerns over a protracted trade war.Indeed,…

If you were to ask a group of profitable forex traders what the biggest factor in their success is, chances are that you’ll hear the word “consistency” more than once. Unfortunately, achieving consistency is easier said than done. But by creating a process and setting trading rules for yourself, you can achieve consistency in your execution, which is the first step to becoming a consistently profitable trader. Contrary to what rebels may have you believe, rules are not always meant to be broken. Instead, they are there to help turn positive trading behavior, or what works for you, into acquired…