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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Japan CFTC JPY NC Net Positions: ¥82K vs previous ¥89.2K
A Trump-Putin summit is tentatively scheduled for the end of next week. In a sign of solidarity and compromise, Ukraine’s president Zelenskiy is saying: We all should support US constructive effort to reach a cease-fire in Ukraine Hopefully, there is as much compromise in the forthcoming negotiations to end the war from both sides. US stocks are extending higher….
AUD/USD climbs for the fourth straight day, buoyed by a weaker US Dollar and rising expectations of a September Fed rate cut. Markets are fully pricing in a 25 basis point rate cut by the Reserve Bank of Australia (RBA) on August 12, which would bring the cash rate down to 3.60%. All major Australian banks including ANZ, CBA,…
The USDJPY has spent this week trading in a well-defined range, bouncing between the 100-bar moving average on the 4-hour chart at 147.90 and the 200-bar moving average below at 146.78. The 100-bar MA capped rallies on both Monday and Friday, while the 200-bar MA provided support on Tuesday, Thursday, and again today. As of now, the pair is…
EUR/USD trades at 1.1648, easing 0.14% but holding close to the 1.1700 mark. Reports suggest Trump–Putin meeting next week could lead to ceasefire in Eastern Europe. Euro’s upside capped by stronger USD and speculation over Waller’s potential nomination as next Fed Chair. The EUR/USD consolidates near the week’s highs, shy of testing the 1.1700 figure on a week in…
The weekly oil rig count from Baker Hughes is showing: Oil rig +1 at 411 Gasoline -1 at 123 Total rigs -1 at 539 The price of oil is trading is trading up $0.10 at $63.98. The price remains below its 100 day moving average at $64.89 keeping bearish bias versus the daily moving averages heading into the weekend….
XAG/USD up 0.24% on Friday, on track to end week over 3.5% higher. Price surged more than 6% since July 31 low at 50-day SMA of $36.20. Bullish harami pattern confirmed after breaching July 31 high of $37.26. Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
