USD/CAD looks to have paused its downswing after testing key support levels. Could this be the springboard for a bounce in the coming days? Here’s the 4-hour chart we’re watching! USD/CAD 4-hour Forex Chart by TradingView USD/CAD has been trending lower since last week, as rising expectations for a Fed rate cut have dragged the dollar down, despite some…
The trade deal is in line with Japan’s interests Had no discussion with US officials about how to implement the deal yet No comment (when asked about a quarterly review on the deal, as suggested by Bessent) He’s saying a lot by saying very little to be honest. The one positive thing is that the agreement looks to be…
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Is that a complex double bottom I’m seeing on the 4-hour chart of GBP/CAD? Take a look at this potential bounce off a major support area! GBP/CAD 4-hour Forex Chart by TradingView After a dovish BOE surprise that dragged this sterling pair to the long-term floor around the 1.8350 minor psychological mark earlier this month, GBP/CAD is suggesting that…
Reserve Bank of Australia Governor Bullock RBA Governor Bullock says a measured, gradual approach to monetary policy easing is appropriate. She notes the labour market has eased only gradually, with the unemployment rate still relatively low. The rise in unemployment in June was in line with forecasts and not considered a shock. June data suggests the labour market has…
As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in NVIDIA. The stock has gained more than 60% since we bought it in April. NVDA has completed its correction exactly at the Equal Legs zone, also known as the Blue Box…
Goldman Sachs is maintaining its bullish forecast for U.S. natural gas prices, reiterating a $4.50/mmBtu target for Summer 2026 Henry Hub. The bank noted that risks to its outlook are tilted to the upside, particularly if there are delays in producer investment. Looking ahead, Goldman continues to expect that a pickup in drilling activity will be necessary to support…
Gold pulls back from recent highs as US-Japan trade deal boosts sentiment. US Dollar strength and rising yields limit gains for bullion but Fed policy uncertainty and trade tensions limit losses. XAU/USD hovers above $3,400 while the precious metal remains vulnerable to shifts in risk sentiment and the broader outlook for the US Dollar. Gold is undergoing a modest…
The USD is broadkly lower, just a touch, here in Asia morning trade. AUD is a beneficiary, but not the only one. EUR, NZD, GBP … all higher for the morning. AUD data just out, PMIs moving further into expansion: Australia preliminary July 2025 manufacturing PMI 51.6 (prior 50.6) This article was written by Eamonn Sheridan at investinglive.com.
The Euro weakens against the Pound as focus shifts to Thursday’s ECB policy decision. The ECB is expected to keep rates unchanged at 2.00%. Eurozone Consumer Confidence improves to -14.7 in July. The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The…
