A byelection is usually called when something bad has happened. In Gorton and Denton it is because Andrew Gwynne, the former Labour MP for the Greater Manchester constituency, became embroiled in an embarrassing WhatsApp scandal. Gwynne was suspended by Labour and then retired because of ill-health. On Thursday, his former constituents go to the polls…
The Market Sentiment Indicator MT5 pulls data from broker feeds or aggregated trading platforms to show current positioning across retail traders. Think of it as a contrarian signal generator. When 85% of traders hold long positions on GBP/USD, that extreme reading often precedes a reversal not because the crowd is always wrong, but because there’s…
Mexico has a drug boss die, EU and England are on verge of cautious when Trump threatened partners on tariffs framework. Data: 🟦 Global Rates & Sovereign Yields | Long-end firm, curve stable United States (UST):2Y ~3.54% | 5Y ~3.82% | 10Y ~4.17–4.20% | 30Y ~4.78–4.82% Treasury yields edged higher as markets pushed back timing…
ActionForex ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was…
This article is a follow up from the previous article on the Australian Dollar titled Aussie Dollar fatigue? Technical signs hint at an AUD/USD pullback AUD/USD experienced a tug-of-war session on Tuesday as market participants navigated a complex landscape of hawkish domestic policy expectations and rising global trade uncertainty. The AUD/USD pair hovered around the…
Meta plans to reenter the stablecoin market later this year, four years after regulators blocked its earlier digital currency effort, Libra. The company is preparing to integrate dollar-pegged payments across its social platforms, according to people familiar with the matter. Sources cited by Coindesk said Meta issued requests for product proposals to external firms to…
Dollar ticks up on positive economic data; euro stable while yuan slips Source link
Gold price retreats from three-week high of $5,249 on Tuesday as the Greenback pares some of Monday’s losses on uncertainty about trade policies and hawkish comments by some Federal Reserve (Fed) officials. At the time of writing, XAU/USD trades at $5,160, down 1.24%. XAU/USD eases over 1% as hawkish Fed rhetoric and tariff uncertainty lift…
By Kent Jones, Babson College President Donald Trump’s economic agenda took a major hit when the Supreme Court struck down many of his most sweeping tariffs. While Trump has options to restore some of the tariffs, he’s losing his most powerful tool to impose them almost at will as a bargaining chip with other countries….
Copper and everything related to it is rallying once again today. It’s a theme I’ve been writing about for years. The Scotiabank metals team put out their latest valuation check on the base metals mining space and the takeaway is that things are starting to look reasonable — but not cheap. Cu miners are now…