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Introduction to GBP/USD The GBPUSD pair, commonly known as “Cable,” represents the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD). This currency pair is a key indicator for traders and investors globally due to the significant economic ties between the United Kingdom and the United States. Cable’s volatility offers numerous […]

The post GBP/USD Technical Insights: Indicators Signal Continued Strength appeared first on UnitedPips Ltd.

Daily Pivots: (S1) 1.1635; (P) 1.1676; (R1) 1.1737; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.1720 minor resistance will suggest that corrective pullback from 1.1829 has already completed at 1.1555. Intraday bias will be back on the upside for retesting 1.1829. On the downside, below 1.1555 […]

The post EUR/USD Mid-Day Outlook appeared first on Action Forex.

Autoregressive (AR) models use historical data to gauge future price movements. This article explores how AR models work and how to use them in practice.

Netflix: ⬆️ Buy – Netflix reversed from support zone – Likely to rise to resistance level 1275.00 Netflix recently reversed up from the support zone between the support level 1200.00 (which stopped wave 4 at the start of June), lower daily Bollinger.

The AI industry experienced an unexpected turn today. After a series of negotiations with both the U.S. and Chinese governments, Nvidia CEO Jensen Huang successfully secured approval to export advanced H20 chips to China, despite previous opposition from the U.S. administration. The United States still considers the export of cutting-edge chips a national security risk.…

The post Nvidia gets the green light to export to China. What does it mean for the future of the AI giant? appeared first on eToro.

The markets were braced for a rebound in June inflation in Canada and the US and that’s exactly what happened today in both countries, as CPI and core CPI climbed higher.

Bitcoin Shows Extremely Strong Bullish Momentum, Powering as High as $122,000; Silver Rises Very Strongly to New 13-Year High Above $39.10; Stock Markets Lower to Mixed After Trump Announces 30% Tariff on EU, Mexico

• Canada May employment change +83.1K vs 0.0K expected
• Canada building permits for May 12.0% versus -0.8% estimate
• Fed's Goolsbee: Latest tariff threat could delay rate cuts
• US June federal budget budget +27 billion vs -11.0 billion expected
• Brazil's Lula: If US tariffs take effect, we will reciprocate
• Trump says "we will see" on Canada tariff carve outs
• Where is this talk of Powell resigning coming from?

Markets:

• Gold up $33 to $3355
• US 10-year yields up 7.1 bps to 4.42%
• WTI crude oil up $2.14 to $68.71
• S&P 500 down 0.3%
• USD leads, JPY lags

We went into the day waiting for Trump's letter to the EU with a higher tariff rate but it has yet to arrive. Reports late in the day are mixed with some saying there are no meetings planned for the weekend and others highlighting sticking points around agriculture and autos. All the reports highlight that any deal hinges on the whims of the President.

The market has its own ideas and they were underscored by CAD trading the past 24 hours. The loonie dropped on Trump's surprise 35% tariff on Canada but the move was relatively small and retraced in large part from the spike highs. Similarly, BRL is only moderately down from levels before Trump's 50% tariff announcement this week. In short, the market doesn't believe the tariffs will happen at the Aug 1 deadline.

That's part of the reason the euro was down just 20 pips on the day and USD/CAD up 40 pips. Also in the case of the latter, the June Canada jobs report was sparkling with strong employment growth and a surprise dip in the jobless rate.

One notable move on the day was USD/JPY as it continues to get a tailwind from a rebound in Treasury yields, fears of tariffs on Japan's export-sensitive sectors and Japan's upcoming lower house election. The pair was steadily bid from Asian trade as is poised to finish near the weekly highs.

Cable was also soft on the day, finishing 90 pips lower and underperforming the euro despite the tariff worries. Cable hit stops below 1.3520 and continued another 35 pips lower to the worst levels since June 22.

The US dollar side is also notable on slipping Fed rate cut hopes. The combination of stock markets at record highs, tariffs, an immigration crackdown and the budget bill are all inflationary and there is some angst about next week's CPI report.

Have a great weekend everyone. I'm taking a few weeks off for an extended vacation but I will be back with a vengeance in no time.

Bitcoin Briefly Trades at a New All-Time High, Trend Traders Awaiting More Decisive Breakout; Copper Remains Bullish as Trump Imposes 50% Tariff; Trump Announces 50% Tariff on Brazil, Real Reels; NASDAQ 100 Touches New High; US Dollar, Silver Bullish on Tariff Uncertainty; FOMC Minutes Show Fed Split on July Rate Cut

Introduction to NZD-USD The NZDUSD pair, often referred to as the “Kiwi,” represents the exchange rate between the New Zealand Dollar and the US Dollar. It is a popular major currency pair known for its sensitivity to global risk sentiment, commodity prices—particularly dairy exports—and interest rate differentials between New Zealand and the United States. Movements […]

The post NZDUSD Analysis: Economic Drivers and Technical Outlook appeared first on UnitedPips Ltd.