Trading Psychology – You Have To Think Like This – Forex

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Japan PMI hits three-month high but input costs surge to near four-year peak

Japanese S&P Global PMI Flash (June) Manufacturing PMI 54.9 expected 54.5, prior 54.5 Services 51.8 prior 50.0 Composite 52.50 prior 51.1 The input cost reading is the most market-sensitive element…

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PBOC is expected to set the USD/CNY reference rate at 6.7733– Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most…

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Brent at $80: Did the market buy the Iran deal twice?

Brent is back near $80 and West Texas Intermediate near $77, which means the Oil market has handed back almost the entire premium it built over nearly four months of…

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Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued…

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Forex: WMP 3/26 – Do This Each Week To Improve Your Trading…

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New Zealand Dollar extends decline as Fed tightening expectations support US Dollar

NZD/USD trades around 0.5740 at the time of writing on Friday, down 0.28% on the day, as the US Dollar (USD) continues to benefit from expectations of a restrictive monetary…

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US Dollar Index: Breakout fuelled by hawkish Fed repricing – Societe Generale

Societe Generale’s Kenneth Broux highlights that the Dollar is in breakout territory after DXY moved above 101.00, supported by a hawkish shift in Fed expectations.

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Silver Price Forecast: XAG/USD falls to near $70.50 due to Fed rate hike odds

Silver price (XAG/USD) extends its losses for the third successive day, trading around $64.40 per troy ounce during the Asian hours on Friday. Silver prices fall as the traders price…

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US June Philly Fed business index 10.3 versus 10.0 estimate

Prior -0.4 Details: New orders 27.3 versus -1.7 prior Shipments 14.9 versus 4.9 last month Unfilled orders 10.5 versus -2.5 last month Delivery times 10.8 versus -10.4 last month Inventories…

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