Author: FX
Missed the trend line breakout on EUR/GBP? The pair could still be gearing up for a quick retest before gaining traction on this potential long-term reversal. Take a look at these nearby correction levels on the 4-hour time frame: EUR/GBP 4-hour Forex Chart by TradingView After cruising below a descending trend line for more than a month, EUR/GBP finally busted through the falling resistance zone to suggest that a reversal may be in order. As it turned out, last week’s U.S. federal court ruling that Trump’s “Liberation Day” tariffs were illegal led euro bulls to charge on expectations that the…
The Australian Dollar maintains its position after the release of mixed economic data on Wednesday.Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1, against the previous 0.6% growth.The US Dollar faces challenges as tariff uncertainty may hurt growth in the US economy.The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday after registering over 0.5% losses in the previous session. The AUD/USD pair remains in positive territory following the release of mixed economic data from Australia.Australian Bureau of Statistics (ABS) showed that Gross Domestic Product (GDP) grew by 0.2% quarter-over-quarter in the Q1, declining from the previous 0.6%…
The ECB is expected to cut rates this month as growth slows and inflation cools. With the cut likely priced in, markets are focused on whether policymakers hint at a pause as they near neutral rates amid rising trade tensions and weak business activity. Here’s how EUR may react to potential scenarios from the central bank event! 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 Laguerre_ROC Indicator applies the Laguerre filter to smooth price data. Unlike simple moving averages, the Laguerre filter reduces market noise without sacrificing responsiveness. This smoothing makes it easier to identify true market trends by filtering out random price fluctuations. Once smoothing is applied, the indicator calculates the Rate of Change (ROC), which measures the speed and strength of price movements over a set period. Momentum is a critical factor in trading as it shows how quickly prices are changing, helping traders confirm the direction and strength of a trend. By combining these two techniques, the Laguerre_ROC Indicator provides a…
South Korea's new president Lee Jae-myung vows economic revival, judgment on martial law Source link
Japan is set to launch a new think tank to examine how economic security concerns influence supply chains and related sectors, according to Nikkei. The move comes amid growing unease over trade tensions and the situation around Taiwan.The think tank will operate under the National Security Secretariat (NSS) and form part of a broader strategy to strengthen Japan’s ability to manage economic security risks. Details of the initiative will be included in the government’s upcoming annual economic and fiscal policy guidelines, expected later this month.NSS will “examine risks faced by industry, strengthen economic intelligence capabilities and comprehensive think tank functions,…
GBP/USD trades flat on Tuesday, holding within Monday’s range near 1.3520.BoE Governor Bailey sees rates moving lower but warns of increased uncertainty.A split within the MPC signals a cautious, data-driven rate path ahead.The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within Monday’s range. The GBP/USD pair holds steady as the US Dollar eases slightly from a six-week low, with market participants eyeing upcoming US economic data and digesting fresh commentary from Bank of England (BoE) officials following Tuesday’s Monetary Policy Report Hearings.At the time of…
Indigenous lawyer leads race to head Mexico's Supreme Court Source link
Stock heatmap by FinViz.com Tue, 03 Jun 2025 14:46:15 GMT📊 Sector OverviewToday’s market snapshot reveals a dynamic landscape, with a noticeable surge in the semiconductor sector leading the charge. Major players like Nvidia (NVDA) and Broadcom (AVGO) have posted significant gains of +2.61% and +2.08% respectively, driving positive sentiment in the tech domain. This upswing highlights robust demand and possibly favorable industry news underpinning these moves.Industrials and energy sectors are also showing momentum, with G.E. (GE) rising +1.16% and Chevron (CVX) advancing +1.44%, indicative of a favorable outlook ahead.🌐 Market Mood and TrendsThe broader market sentiment today suggests a mixed…
Gold prices are steady above $3,350 as bullish momentum fades following Monday’s 2.80% rally.The US Dollar rebounds, but gains are limited. Tariff uncertainty, escalating trade tensions cap gains.JOLTS Job Openings data takes center stage as investors continue to monitor the health of the US labor market.Gold prices are experiencing a mild pullback after testing their highest levels since May 8 on Monday, as investors continue to digest trade-related headlines, including US President Donald Trump’s request that countries submit their trade offers by Wednesday and the possibility of a call between Trump and Chinese President Xi Jinping. Looking at the US economic…