The upside run continues as we look towards European trading, with Bitcoin now touching $118,000. There’s no major catalyst of sorts but demand conditions are staying very much underpinned for the cryptocurrency. The move away from the dollar has definitely raised a lot of awareness about portfolio diversification in the first half of the year. It’s really looking like…
EUR/USD gains ground as the US Dollar weakens amid renewed tariff concerns. Trump’s new letters detail individual tariff rates ranging from 20% to 50% on eight countries, taking effect starting August 1. The Euro advances following the news of the White House not targeting the EU with additional tariffs. EUR/USD appreciates after registering mild losses in the previous session,…
Missed the trend line breakout on AUD/CHF? The pair could still be gearing up for a pullback to the former resistance area that could now hold as support. Take a look at these potential correction levels on the hourly chart: AUD/CHF 1-hour Forex Chart by TradingView Strong risk-on flows appear to be kicking in, lifting the higher-yielding Australian dollar…
I posted earlier on the recovery /retracement for major FX against the USD after the CAD tariff news: USD surge after Trump’s 35% tariff hit on Canada is retracing While that has stalled, it never even began for JPY. Its weakened consistently. There has been no news nor data for yen today apart from what has already been posted….
AMCOR PLC – AMC Elliott Wave technical analysis Today’s Elliott Wave analysis from TradingLounge focuses on AMCOR PLC (ASX:AMC). We identify significant upward potential in the AMC stock. The chart suggests the beginning of a third wave. In this breakdown, we detail the projected price targets and the invalidation level that defines the validity of this wave forecast. AMCOR…
The news: Trump letter 35% tariff on Canada. Trump has hit Canada very nard with a 35% tariff rate. Trump says will send tariff letters informing EU, Canada of the rates by Friday Trump’s letter to Canada – The Canada dollar has fallen sharply with Trump’s 35% tariff rate on the country The US dollar has jumped higher with…
The Indian Rupee moves higher against the US Dollar to near 85.65. India is in no rush to sign a trade pact with the US. FOMC minutes suggest that officials are worried about tariff-led inflation. The Indian Rupee (INR) gains against the US Dollar (USD) during the European trading session on Thursday. The USD/INR pair trades lower to near…
The FOMC agreed to keep interest rates on hold at the 4.25-4.50% range during their June 17-18 meeting, but the minutes of their discussions revealed divisions regarding the appropriate easing pace moving forward. The minutes highlighted the central bank’s ongoing struggle to balance competing economic pressures. While officials acknowledged that tariff-induced inflation pressures may prove temporary or modest, they…
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…
Gold prices rose in United Arab Emirates on Thursday, according to data compiled by FXStreet. The price for Gold stood at 392.25 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 391.27 it cost on Wednesday. The price for Gold increased to AED 4,575.17 per tola from AED 4,563.75 per tola a day earlier. Unit measure…
