Author: FX

Trump Trade Advisor Peter Navarro hinted at the possibility of yet more tariff exemptions during an interview on CNBC on Tuesday. Trade Advisor Navarro’s comments, while welcome by markets, contradict statements from other Trump administration policymakers who have already earmarked planned tariffs as a potential funding source to plug the upcoming holes in team Trump’s budget goals. Key highlights On Canada, Mexico tariffs: Negotiations are ongoing. If we don’t get progress, Trump will do tariffs. We will set a reciprocal tariff for digital services tax. Digital services taxes are not about helping Amazon or Meta, the digital services taxes are…

Fundamental OverviewThe USD has been relatively stronger against most major currencies since Friday as the markets went into risk-off following some bad US data release. In fact, we got a weak US Flash Services PMI and soon after the long-term inflation expectations in the Final UMich Consumer Sentiment survey jumped to a new 30-year high. The risk-off sentiment picked up after the jump in the long-term inflation expectations. The market might be fearing that in case we get a slowdown, the Fed might not be fast enough in cutting rates amid inflation remaining above target and uncomfortably high long-term inflation…

Gold dips on Tuesday along with yields and equities. The Trump administration wants to toughen its semiconductor restrictions on China.  Gold heads back to $2,940 though remains to look heavy with an overall market rout.  Gold’s price (XAU/USD)  has hit a new all-time high on Monday at $2,956, though sentiment quickly roled over. The precious metal trades at around $2,940 at the time of writing on Tuesday, after US President Donald Trump’s administration communicated it plans to impose more limitations on China’s technological developments. A tougher stance on semiconductor restrictions and pressuring other allies to corner China is part of that strategy.  …

Are you tired of not making money in the forex market? Many traders struggle every day. The market’s ups and downs can confuse even the most skilled traders. But what if you could find the market’s turning points easily? This could change everything. Meet the Shved Supply & Demand and Order Block Breaker forex trading. It uses supply and demand and order block analysis. This gives traders a big advantage in the market. By focusing on these key areas, you can make better trades. This can greatly increase your chances of winning. Key Takeaways Combines supply and demand with order…

EUR/USD daily chartAs seen above, it’s not the first time this year that the pair is knocking on that door of the 1.0500 level. Buyers had a good opportunity again yesterday to tie a breakout to German political developments. But alas, it wasn’t the case as the euro saw gains fizzle out by the time we got to European trading.Friedrich Merz’s CDU/CSU alliance confirmed that they will be looking to pair up with the SPD to form a more centrist coalition. And that is despite the latter’s limp showing in the election. Both parties last governed together during the 2018…

Gold prices fell in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 26,449.89 Pakistani Rupees (PKR) per gram, down compared with the PKR 26,565.50 it cost on Monday. The price for Gold decreased to PKR 308,506.40 per tola from PKR 309,854.80 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 26,449.89 10 Grams 264,498.90 Tola 308,506.40 Troy Ounce 822,681.40   FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at…

Are you having trouble predicting forex market trends? Feeling frustrated by missed chances and unpredictable price swings? The answer is to learn the Elliott Wave Count and Fibonacci retracement forex trading. This method uses two proven techniques to spot entry and exit points accurately. It helps you understand market psychology and use key Fibonacci ratios to outperform in currency trading. Ralph Nelson Elliott developed this strategy in the 1930s. It shows how prices move in repeating wave patterns, showing what traders think as a group. When you add Fibonacci retracement levels, you get a strong tool for analyzing forex markets…

The RBA appears to have dampened future easing expectations in their latest policy decision, but can a downbeat Australian CPI report reignite dovish vibes? Our Event Guide for Australia’s CPI mentioned declines in inflation gauges and commodity prices as potential factors for a downside surprise. Here’s what I’m watching on GBP/AUD and AUD/JPY if this happens. 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

After last week’s “hawkish cut” event, traders will keep closer look at Australia’s inflation numbers for clues on when the central bank can cut interest rates again. Our Event Guide for Australia’s January CPI Report points out that leading indicators and market expectations are pointing to hotter price pressures in January. In this scenario, major Aussie pairs like EUR/AUD and AUD/CHF may reflect AUD strength: 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™…

After a “hawkish cut” event last week, traders will eye Australia’s latest inflation reports for clues on the timing of the central bank’s next rate cut. Will January’s numbers signal a rate cut in the next RBA meeting or two? We’re breaking down the points you need to know if you’re trading Australia’s monthly CPI release! 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