Author: FX
GBP/USD may extend its gains as improved risk sentiment could support the pair. The US Dollar weakened after disappointing US private payroll data heightened concerns over slowing US economic growth. BoE Governor Bailey called on the US to resolve its global economic concerns through dialogue rather than imposing import tariffs. GBP/USD edges lower after registering gains for the last three consecutive days, trading around 1.2890 during the Asian hours on Thursday. The US Dollar remains under pressure following weaker-than-expected US private payroll data, raising concerns about slowing economic momentum in the United States (US). Additionally, improved risk sentiment puts downward…
It’s almost NFP Friday, forex fellas! What does the official U.S. employment report have in store, and what could the results imply for dollar price action? Here are the points you need to know if you’re planning on trading this top-tier catalyst. 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 major assets staged a strong comeback on Wednesday, with European stocks leading the way after Germany unveiled a €500 billion infrastructure plan and Trump hinted at tariff relief for automakers. The dollar slid across the board, while bond yields surged as investors moved away from safe havens and embraced risk despite mixed economic data. Here’s a breakdown of the biggest moves and movers in the last trading sessions: Headlines: AUD dips despite Australia’s solid Q4 growth as traders focus on trade risks Japan Jibun Bank Services PMI Final for February 2025: 53.7 (53.1 forecast; 53.0 previous) China Caixin services…
Are you finding it hard to understand forex trading? The MTF Inside Bar and TSI Forex Trading Strategy can help. It uses multiple timeframes and the Trend Strength Indicator to guide your trades. This strategy helps you see market trends clearly and make better trades. Key Takeaways Combines multiple timeframe analyses with Trend Strength Indicator. Suitable for all major currency pairs. Effective on 15-minute timeframes and higher. Uses TSI for momentum confirmation. Incorporates inside bar patterns for entry signals. Helps identify high-probability trading opportunities. Understanding the Fundamentals of Trend Strength Trading Trend strength trading is a key strategy in forex…
Mar. 05, 2025 6:55 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, CRAK, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News EditorSlavkoSereda/iStock via Getty ImagesBenchmark crude oil futures extended their recent slide Wednesday in the wake of bearish signals led by OPEC’s decision to bringing back withheld production, potential economic effects of U.S. trade tariffs, and expectations for talks aimed at ending the Russia-Ukraine war. Source link
Haphazard and chaotic policy making on the run continues. This is weighing on business confidence and soon will be reflected in the economic data. Trump said on his tariffs that there would be ‘no exemptions’ and ‘no exceptions’. He is now actively considering agricultural ‘carve outs’ with respect to tariffs on Mexico and Canada. Modifying his tariffs to minimise stupid impacts is a good thing, but it was foolish to say ‘no exemptions’ and ‘no exceptions’ right from the start, that was never going to be the case. Lobbyists still have jobs in the swamp. Source link
The downtrend in the US Dollar gathered extra steam on Wednesday, fuelled by concerns over the US economy and some renewed hopes that the Trump administration could delay some planned tariffs. Here is what you need to know on Thursday, March 6: The US Dollar Index (DXY) broke below the 105.00 support, reaching news four-month lows amid further concerns over the US economy. The January Balance of Trade results are due, seconded by Challenger Job Cuts, the usual weekly Initial Jobless Claims, and Unit Labor Costs. In addition, the Fed’s. Waller and Harker are due to speak. EUR/USD extended its…
US services sector expands; price growth accelerates amid tariffs Source link
For what it is worth, the US announced that the US is mulling the delay of auto tariffs on Canada, Mexico. The USDMXN fell on the news. However, the 100-day moving average at 20.33689 did a good job of holding support. The price has bounced to 20.3891 currently.Looking at the chart above, the recent falls toward the 100 day MA line have stalled the fall or quickly failed on the modest breaks.Pres. Trump held a call with CEOs of GM, Ford and Stallantis on potential auto tariff delay (or was it that they told him, costs of vehicles would spike…
XAU/USD Current price: $2,929.08 Trade war tensions and poor United States data put the USD into sell-off mode. The European Central Bank will announce its monetary policy decision on Thursday. XAU/USD resumed its advance and aims to retest record highs. XAU/USD is trading near a fresh weekly high of $2,929.65, with higher highs in sight. The bright metal benefited from the broad US Dollar’s (USD) weakness, the latter affected by tepid United States (US) data and President Donald Trump’s massive tariffs on trade partners. President Trump addressed Congress late on Tuesday and played down the potential negative effects of his latest…