WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July 5 OPEC+ meeting and the July 9 deadline for potential US tariff action. OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below target. West Texas Intermediate…
Strong euro may increase the risk of undershooting on inflation Closely watching exchange rate volatility Don’t see any inflationary effects from US tariffs ECB is in a good position on rates and inflation But must remain completely optional on rates He’s not the first one to be touching on the euro currency in the past few weeks. That’s as…
GBP/JPY edges lower as safe-haven demand rises ahead of President Trump’s July 9 tariff deadline. UK Prime Minister Keir Starmer faces political pressure from the Labour Party, limiting upside potential for Sterling. GBP/JPY retreats as technical resistance firms around 198.00 The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Friday as markets turn cautious ahead of…
Prior -2.2% PPI +0.3% vs +0.3% y/y expected Prior +0.7% Looking at the breakdown, the main drag was actually energy prices which declined by 2.1% on the month. If you strip that out, euro area producer prices were actually up 0.1% in May. That owes to an increase in prices for durable consumer goods (+0.3%) and non-durable consumer goods…
Gold is on track for a weekly gain above 1.5% as tariff threats shift the mood sour. Trump confirms tariffs of up to 70% may take effect on August 1 amid trade flare-up. Treasury’s Bessent expects 100 countries to face reciprocal tariffs, while trade deals are incoming. Gold price resumes its uptrend on Friday, poised to print gains of…
NASDAQ Futures Technical Analysis – July 4, 2025 Published by InvestingLive.com, the upcoming evolution of ForexLive What is the current trend in NASDAQ futures? As the above Nasdaq Futures Technical Analysis video of today shows, as of July 4, 2025, NASDAQ futures are showing signs of a short-term pullback after a strong upward breakout. On the 30-minute chart, the…
NZD/USD consolidates within a symmetrical triangle on the 4-hour chart, reflecting short-term indecision. A rising wedge pattern on the daily chart signals a potential bearish breakout below 0.6038. Kiwi tests critical psychological support at 0.6050. The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish…
Reuters reports that the OPEC+ meeting has been moved to Saturday 5th of July due to Ashura holiday. The group has been steadily adding back oil output since April and it’s expected to deliver another 411,000 output hike for August. This article was written by Giuseppe Dellamotta at www.forexlive.com.
The USD/JPY trades near 144.50 on Friday, amid thin liquidity, as US markets remain closed for Independence Day. Weekly candle shaping up as a long-legged doji, signaling strong indecision and potential breakout. The 50-day EMA at 144.90 acts as immediate resistance, while Initial support rests at Thursday’s low near 143.50. The US Dollar (USD) is trading slightly lower against…
Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.6% Gold up 0.3% to $3,336.22 WTI crude down 0.9% to $66.42 Bitcoin down 0.8% to $109,100 As we gear towards the long weekend in the US, markets in general are also taking a bit of a breather for the most part. It…
