Summary 7/7 – 7/11 – Action Forex

After slipping from 2.0300, EUR/NZD looks ready to retest key inflection points that could set the stage for another leg higher in its longer-term uptrend. Here’s what we’re seeing on the daily time frame! EUR/NZD Daily Forex Chart by TradingView The euro took a few punches last week as mixed data and rising Russia-Ukraine tensions…

I couldn’t sell America, so I’ll have to retrain as a TACO fan. Events in the markets are happening so fast that my head is spinning. Previously, it took weeks to switch to “Trump always backs down” trade, but now one working day is enough. On Friday, after the close of trading, the US president…

2024.08.01 2024.08.01 The British Pound Doomed to Collapse. Forecast as of 01.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The British pound, once under the spotlight, is falling now. The global economy and rumors that the Bank of England will cut interest rates are to blame. The Chancellor of the Exchequer’s speech may also have a negative impact on the GBPUSD. Let’s…

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EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs…

Shadow chancellor Stride: ‘there must be no suggestion of going back into single market or customs union’ Shadow chancellor Mel Stride has said that there must be no suggestion of the UK going back into the EU single market or customs union, but said the Labour government should be doing everything to “facilitate trade” with…