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GBP/USD remains in a bullish trend. After completing its secondary trend phase, the pair has formed a valid swing low, signaling strong potential for further upward movement. With this technical confirmation, GBP/USD is expected to continue its bullish momentum toward the nearest resistance area. Recommendation: *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does […]
XAUUSD remains in a bullish outlook, with price likely to move toward the predetermined target price. This upward momentum is supported by a breakout above minor resistance, signaling a continuation of the bullish trend. As long as price holds above the stop loss level, gold retains strong potential for further gains. Recommendation: *DISCLAIMER: All content in daily […]
Maxco strives to meet clients’ needs by continuously developing Maxco applications. With this application, users can make transactions on the global market anytime and anywhere. In the Maxco Top Trader Report, you can see the weekly reports of traders at Maxco. This report helps you to get information about trading at Maxco. Congratulations to the trader who achieved […]
In the global economic landscape, U.S. labor market data consistently takes center stage. The reason is simple: the labor conditions in the world’s largest economy often serve as a barometer for global growth prospects and as a key factor shaping monetary policy. Among the most closely watched indicators—before the release of official government data—is the […]
Based on technical analysis, the formation of a Double Top pattern, along with a Swing High, suggests a potential downward price movement. This pattern typically indicates a trend reversal after the price reaches a peak and begins to turn downward. Trading Setup *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its […]
On the GBPJPY chart, a Double Bottom pattern followed by a bullish candlestick formation provides a strong signal that the price is likely to continue rising. Trading Setup: Current price momentum suggests potential for further upward movement. However, as always, it is recommended to conduct further analysis and ensure proper risk management before entering a […]
The ISM Services PMI dropped to 50.1 in July, down from 50.8 in June, well below the expected 51.5. This indicates that the services sector is nearly stagnant. Data Highlights: Conclusion:The combination of a weakening services sector and rising price pressures could disrupt market sentiment and influence future Fed policy decisions. Source: ISM *DISCLAIMER: All content […]
Release: 19:30 WIB | Period: until August 23, 2025 Initial Jobless Claims decreased by 5,000 to 229,000Slightly better than the expected 230,000Continuing Claims decreased by 7,000 to 1,954,000 This data does not indicate an acceleration in labor market weakening, though concerns remain about the slowdown in hiring. Special Note:Claims from federal employees decreased to 581, […]
Canada Trade Balance OverviewRelease Time: 19:30 WIB | Period: June 2025 Canada’s Trade Deficit widened to C$5.9 billion, up from the previously revised C$5.5 billion, broadly in line with market expectations of a C$5.8 billion trade gap. Key Details: Conclusion:Despite a slight rise in exports, a jump in imports—especially due to high-value shipments—has widened the […]
HSI was observed failing to gain upward momentum and has broken below the 2495 support level. The potential for further decline is now in focus, with the current intraday formation still indicating a bearish outlook. Recommendation:Sell HSISell Near: 25,030Stop Loss: 25,080Take Profit: 24,740 *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee […]
