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AUD/USD extends correction to near 0.6480 amid uncertainty over US-China trade relations
AUD/USD retraces to near 0.6480 from an over six-month high of 0.6545 as investors lack details of the US-China trade deal.US President Trump says China agrees to supply rare earths and magnets.The US prepares to send letters to its trading partners stating tariff rates and the trade deal. The AUD/U
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Forex Today: US inflation and jobs take centre stage alongside UK data
Poor US inflation data and increasing bets of a Fed rate cut in September, coupled with the US-China trade agreement, kept the US Dollar on the defensive throughout the day. Here's what to watch on Thursday, June 12: The US Dollar Index (DXY) broke below the 99.00 support to hit new multi-day trough
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GBP: The British Chancellor of the Exchequer's concerns are likely to grow further – Commerzbank
Yesterday's British labour market data reinforced the concerns of those backing the United Kingdom. The unemployment rate rose as expected, wage growth slowed unexpectedly, and the number of people in employment fell by around 109,000. The latter figure attracted particular attention because it was
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EUR/USD nudges lower as US Dollar picks up after an alleged US-China deal
The Euro has posted a limited bearish reaction to the reached US-China trade deal. The lack of details on the agreement has raised doubts about its scope. EUR/USD remains indecisive, looking for direction between 1.1375 and 1.1455. EUR/USD has pulled lower to levels just above 1.1400 on Wednesday, a
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Gold outlook: Bullish bias above broken triangle's upper boundary
XAU/USD Gold price moves within a tight range on Wednesday but remains bullishly aligned following limited corrective dip on Tuesday. Broken Fibo level at $3355 (61.8% of $3200/$3120 pullback) reverted to solid support which keeps the downside protected so far and guards lower trigger at $3328 (brok
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The Barrel Gambit: OPEC+ swings for market share while brent is about to teeter
OPEC+ just lit the fuse on round three of its production hike bonanza, upping output by another 411,000 barrels per day in July. It’s not quite the Saudi armada redux of 2020, but the message is clear: Riyadh isn’t playing defense anymore—it’s swinging the bat. The cartel, once laser-focused on pric
- Ethanwhitewoods :after buying the cards use your phone to snap the front and back of the iTunes cards you got
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Canadian Dollar lurches higher on upbeat quarterly GDP growth
The Canadian Dollar climbed 0.7% against the Greenback in Friday.Upbeat Canadian GDP growth figures sent Loonie traders scrambling for the buy button.The CAD is back in sight range of six-month highs. The Canadian Dollar (CAD) found some room on the top side on Friday, spurred higher by a better-tha
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NZD/USD maintains position above 0.5950 after trimming recent gains, US PCE inflation eyed
NZD/USD has trimmed its recent gains following weaker data from New Zealand released on Friday. The ANZ–Roy Morgan Consumer Confidence declined to 92.9 in May, down from 98.3 in April, weakening consumer sentiment. The US Dollar struggles after the Court of Appeals temporarily allowed Trump's tariff
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Nvidia (nvda) Elliott Wave analysis: wave 5 nearing its end
The short-term Elliott Wave analysis for NVIDIA (NVDA) indicates a bullish trend unfolding as an impulse structure since the low on April 21, 2025. From that low, the stock completed wave 1 at $111.92. The stock then followed by a corrective pullback in wave 2, which bottomed at $104.08. The subsequ
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Japanese Yen refreshes monthly high against USD on strong domestic inflation data
The Japanese Yen catches fresh bids in reaction to Japan’s strong Services PPI.The data reaffirms BoJ rate hike bets and boosts the JPY amid geopolitical risks. Dovish Fed expectations undermine the USD and exert pressure on USD/JPY. The Japanese Yen (JPY) attracts fresh buyers during the Asian sess
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Another major milestone
S2N spotlight I like it when the chart does most of the talking. I wanted to present a picture that captures the essence of the daily moves of some of the major asset classes traded on the markets. I have presented the Euro/USD Future, Gold Future, S&P 500 Future, and Bitcoin in order of their r
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Gold edges higher, reclaiming $3,300, on rising geopolitical tensions and US fiscal woes
Gold price rallies on the back of headlines that Israel considers striking Iran nuclear facilities. President Trump clashes with Republican members on getting his fiscal package plan through US Congress. Technically, Gold has broken out of its tight range after popping above $3,300. Gold (XAU/USD) b
