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White House Chief of Staff Miller has been sent out to speak about China:
This article was written by Greg Michalowski at www.forexlive.com.
Japan governments economy minister Akazawa met with US treasury secretary Bessent and Commerce Secretary Lutnick for 130 minutes:
This article was written by Greg Michalowski at www.forexlive.com.
China’s US Embassy spokesperson:
The comments are in reaction to/in response to the post from Pres. Trump this morning:
I am not sure there will ever be a solution. The US will not trust China. China will not give up all it does or its sovereignty. It might be that if Apple can’t produce in the US competitively, consumers go to Mexico or Canada to buy iPhones or gets them off smuggling boats off the coast of Florida. Drug runners will become iPhone runners. China will smuggle chips into its country.
This article was written by Greg Michalowski at www.forexlive.com.
Daily Pivots: (S1) 1.3437; (P) 1.3472; (R1) 1.3529; More… Range trading continues in GBP/USD and intraday bias remains neutral. With 1.3389 support intact, further rally is expected. On the upside, firm break of 1.3592 will resume larger rally for 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 143.34; (P) 144.81; (R1) 145.66; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the bigger picture, price actions […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Market sentiment took another bearish turn today following renewed rhetoric from US President Donald Trump, who accused China of having “totally violated” its preliminary trade agreement with the U.S. The comments, delivered via social media, were echoed by Trade Representative Jamieson Greer in a CNBC interview, where he expressed concern over China’s delayed compliance. Greer […]
The post Trade Rhetoric Sours Sentiment Again as US-China Tensions Resurface appeared first on Action Forex.
The AUDUSD started the week on a strong note, breaking above recent resistance to post a new high for 2025 on Monday. However, that bullish breakout proved short-lived. Price quickly reversed lower, falling back below the key swing area between 0.6493 and 0.6500 (see red numbered circles), and momentum accelerated as the pair broke below the 100-hour moving average (blue line).
Since then, sellers have remained in control. Attempts to correct higher on Tuesday and Thursday were capped at the 100-hour MA, reinforcing its role as a strong dynamic resistance. The inability to push back above this level keeps the bearish bias intact.
To the downside, the area around 0.6406 has emerged as a firm support zone, holding multiple tests dating back to last Thursday and Friday, as well as during trade yesterday and again today. The repeated bounces from this area suggest that buyers are defending the level, setting up a clear floor.
Key levels to watch:
Support:
• Key floor: 0.6406
• Below that: 0.6387 to 0.6391 (swing area)
Resistance:
• 100-hour MA/200 hour/200 day MA (currently near 0.6445-48)
• Swing zone: 0.6493–0.6500
As long as price holds below the 100-hour MA, sellers remain in control, with the downside risk building on a break of 0.6406. A move above the 100-hour MA and MA cluster near 0.6445 to 0.6448 would be needed to shift short-term sentiment.
This article was written by Greg Michalowski at www.forexlive.com.