EUR/USD edges up 0.18% in thin trading as traders digest Trump’s sweeping tariff plans and EU–US tensions mount. Trump confirms tariffs up to 70% to take effect August 1, targeting EU goods, including food. Bloomberg: EU carmakers seek tariff relief via US investment pledges. Light US calendar shifts focus to German industrial output and Eurogroup…
The USD/JPY trades near 144.50 on Friday, amid thin liquidity, as US markets remain closed for Independence Day. Weekly candle shaping up as a long-legged doji, signaling strong indecision and potential breakout. The 50-day EMA at 144.90 acts as immediate resistance, while Initial support rests at Thursday’s low near 143.50. The US Dollar (USD) is…
Dogecoin , the world’s largest meme cryptocurrency by market value, has regained some poise, having formed a bullish double bottom pattern during the overnight trade. DOGE has gained over 2% to over 16 cents since early Asian hours, reversing part of Monday’s slide from 16.63 cents to 15.67 cents, according to data source CoinDesk. Per…
GBP/USD slips 0.07% after hitting 1.3788; stalls just shy of psychological 1.3800 level. US JOLTS job openings hit 7-month high; ISM manufacturing improves slightly but remains in contraction. BoE’s Bailey signals softening labor market; UK Manufacturing PMI holds steady at 47.7. The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new…
![AMZN Elliott Wave technical analysis [Video]](https://dcgreferral.com/wp-content/uploads/2025/06/AMZN-Elliott-Wave-technical-analysis-Video.jpg)
AMZN Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of {i}. Direction: Upside in (v). Details: The market appears to be completing a five-wave sequence within wave {i}, with wave (v) currently unfolding. Wave (iii) previously extended, supporting ongoing upside potential in wave (v). AMZN Elliott Wave Technical Analysis Function: Trend….
Silver retreats from a high of $36.83 and trades at $36.16 as the US Dollar and yields edge higher. A bearish engulfing candle forms; weekly close above $36.00 remains key for bullish structure. A breakdown below $36.00 exposes $35.68 and $35.29; bulls must retake $36.83 to resume upside. Silver price sinks more than 1% on…
EUR/USD pulls back to 1.1695 after hitting yearly peak above 1.1750. US core PCE inflation rises above expectations; consumer sentiment improves, weighing on Euro. ECB’s Knot sees one more cut in 2025; French inflation cools, Spain’s HICP exceeds 2%. The EUR/USD retreats from yearly highs above 1.1750, tumbling below 1.1700 despite market participants being convinced…
XAU/USD falls over 1.5% as safe-haven demand wanes on global trade and geopolitical easing. US-China trade deal signed; more agreements expected before July 9, boosting sentiment. Iran signals diplomacy; Israel–Gaza war may end in two weeks, says Al Arabiya. Core PCE rose above forecasts; Fed’s Kashkari still expects two rate cuts in 2025. Gold price…
USD/INR slides to two-week low amid broad US Dollar weakness and strong Rupee demand. Rupee supported by FII inflows, equity market gains, and falling Crude Oil prices. DXY holds near a three-year low as Trump’s Fed criticism and soft US GDP fuel rate cut bets. The Indian Rupee (INR) strengthens further on Friday, riding a…
Gold remains under pressure as risk-on sentiment continues to influence market trends. Fed Chair Powell and President Trump clash over the timing of interest rate cuts. A September rate cut is priced in but a rate cut in July could help drive Gold out of its range. XAU/USD hovers near the 50-day Simple Moving Average…