Author: Neversettleclub

The euro has been sliding against the British pound since mid-April, but EUR/GBP may be nearing a key inflection point that could spark a longer-term bounce. We’re zooming into the 4-hour chart to see if the tides are about to turn! EUR/GBP 4-hour Forex Chart by TradingView Sterling got a boost earlier this week from hotter-than-expected UK inflation, but the rally quickly faded. Some traders locked in profits, while others likely focused on Bank of England (BOE) officials downplaying the staying power of high prices. At the same time, the euro is holding up as a go-to alternative when the…

EUR/USD1.1400 (EUR 751mn)1.1315 (EUR 1.00bn)1.1300 (EUR 624mn)1.1175 (EUR 2.13bn)USD/JPY 143.50 (US$ 601mn)GBP/USD1.3500 (GBP 347mn)1.3395 (GBP 456mn)1.3260 (GBP 778mn)USD/CHF0.8525 (CHF 598mn)USD/CAD 1.4050 (US$ 1.41bn)1.3700 (US$ 659mn)AUD/USD0.6700 (AUD 286mn)0.6100 (AUD 204mn)For more information on how to use this data, you may refer to this post here. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday.NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March. Economists had expected existing home sales to jump by 2.0 percent to a rate of 4.10 million.”Home sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy,” said…

NZDUSD technicalsThe NZDUSD continues to find solid support near the 200-bar moving average on the 4-hour chart at 0.58957. This level has repeatedly attracted buyers, helping to stall the downside and keep the pair within a consolidative range.To turn the tide more clearly in favor of the bulls, price needs to break above a cluster of resistance moving averages. That includes the 100-bar MA on the 4-hour chart at 0.59249, along with the 100- and 200-hour MAs just below and around the same region. This confluence of technical resistance has limited gains and remains a critical zone for upside continuation.If…

President Donald Trump’s tariffs are designed to provide incentives to bring manufacturing jobs back to the United States, but the goal isn’t as feasible as it appears, according to an analysis from Wells Fargo. Moving factory work back to the U.S would mean a significant increase in labor costs, which many companies simply could not afford, the Wall Street bank said. Even if they are willing to absorb or pass the higher prices onto consumers, companies are challenged by an already tight labor market for production workers. “A meaningful increase in factory jobs does not appear likely in the foreseeable…

Last year, Meta Platforms, Microsoft, X (formerly Twitter), Spotify, Match Group, and Epic Games, developer of Fortnite, objected to Apple’s plan to charge fees for payments made outside the App Store. Then, in February this year, Beijing suddenly became interested in Apple’s App Store policies.After losing a legal battle against Epic Games, Apple is now obliged to allow developers to link to external payment methods, without imposing fees or restrictions. Еhe story does not end here, as the company has stated its intention to appeal the decision, but the process is obviously not fast.What does this mean for Apple’s profits?The…

A quiet data calendar is allowing the bearish trend to re-emerge. However, some USD-positive headlines on trade may come out of the ongoing G7 summit in Canada – that is, barring any indications that the US is indeed discussing FX agreements with key trading partners. Anyway, dollar rebounds should prove short-lived unless endorsed by better US data USD: Hoping for Some Positive Headlines From Canada Periods of data silence often serve as a useful gauge of the market’s underlying bias in FX. So far this week, the tendency to add to USD short positions has been clear, even though the…

In the European session, the focus will be on the Flash PMIs where the market will want to see how business confidence changed since the new developments on the trade front and what’s the sentiment going forward. In the American session, we have the US Jobless Claims and the US Flash PMIs. The Jobless Claims data will likely be ignored as usual as the labour market remains stable and therefore not a source of concerns. Only a spike above the 260K level for Initial Claims could trigger a repricing in expectations.The US Flash PMIs, on the other hand, will be…

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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.