tradingforex

Markets European investors profited from the empty eco calendar and the absence of their US counterparts celebrating Labor Day holiday to start the week/month still in vacay mode. Stock markets eke out small gains (EuroStoxx 50: +0.25%) follow last week’s choppy/corrective action. German Bunds cede some ground with the yield curve bear steepening. Daily changes … Read more

Markets Chinese stocks on fire: China A-shares (onshore market) have rallied strongly over the past month being up more than 10%. Foreign focus has suddenly shifted from whether China was investable to concerns over a new bubble on the mainland. H-share stocks on the other hand have traded more or less sideways during August. Why … Read more

The Australian dollar is coming off a positive week and has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6556, up 0.27% on the day. Earlier, the Aussie rose as high as 0.6560, its highest level since August 11. With US markets closed for Labor Day, we’re unlikely to … Read more

Gold: ⬆️ Buy Gold broke resistance zone Likely to rise to resistance level 3500.00 Gold recently broke the resistance zone between the resistance level 3450.00 (which has been reversing the price from May, as can be seen from the daily Gold chart below) and the resistance trendline of the daily Triangle from April. The breakout … Read more

AUDJPY: ⬆️ Buy AUDJPY broke daily Down Channel Likely to rise to resistance level 97.30 AUDJPY currency pair today broke the resistance the resistance trendline of the daily Down Channel from the start of July (which encloses the previous ABC correction 2). The breakout of this Down Channel continues the active short-term impulse wave 3 … Read more

Dollar weakened broadly today, though without a clear catalyst. Month-end flows are likely in play, while traders turned cautious ahead of what is expected to be a volatile September. With key U.S. releases looming, positioning appears lighter as investors await more decisive signals. Beyond tomorrow’s US PCE data, the focus now is squarely on the … Read more

Aussie and Kiwi are the top performers in FX trading on today so far, supported by the continued surge in Chinese equities. With the local market on course for its biggest monthly rise in nearly a year, risk sentiment spilled into regional currencies, giving both Australian and New Zealand Dollars some fresh momentum. However, skepticism … Read more

Canadian Dollar came under pressure in early U.S. session after GDP data revealed a deeper slowdown than markets had anticipated. Canada’s economy contracted -0.4% qoq in Q2, marking its first quarterly decline in seven quarters. More concerning was June’s monthly contraction, which signaled that the weakness might carry on into Q3. The drag came primarily … Read more

The past week was anything but quiet for global markets, even if headline price moves in currencies looked muted. Beneath the surface, three powerful narratives are colliding: political turmoil in the U.S. that threatens the independence of its central bank, a legal battle that could reshape global trade policy, and a relentless equity surge in … Read more

Investor sentiment in Asia opened the week on a mixed note, with traders weighing better-than-expected Chinese manufacturing data against fresh signs of weakness in other export-driven economies. Hong Kong shares found support after the private RatingDog survey showed China’s manufacturing sector returning to mild expansion in August, offering some relief for a market battered by … Read more