US GDP numbers today showed an expansion of 2.3% q/q annualized in Q4, below consensus expectations of 2.6% and last quarter’s 3.1% increase. That puts annual growth at 2.5%, which is solid and matches the Fed's expectations but it's not blockbuster.The real takeaway...
MUFG: Further JPY outperformance ahead as BOJ signals more rate hikes
Bank of JapanMUFG sees more upside for the JPY as the BoJ continues to deliver hawkish policy signals. Deputy Governor Himino’s speech reinforced expectations of two more rate hikes this year, pushing USD/JPY lower toward 154.00.Key Points:BoJ Hawkish Signals:Himino...
ECB may drop restrictive label on rate stance as soon as March – report
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European indices cheer ECB rate cut
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The GBPUSD buyers are back in control in the short term. Can the buyers keep bias control?
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Trump Do not know what led to the crash
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USDCHF sellers have pushed pair down to moving average support.Will the buyers come in?
The USD/CHF has moved lower, testing key support near the 200-hour moving average (0.90609) and 100-hour moving average (0.90504). The price has stalled in this area, as traders cautiously lean against these levels as a risk zone.Key Levels to Watch:Support: The...
Gold touches a fresh all-time record at $2791. What’s next
Gold weeklyGeopolitical uncertainty is fuelling a fresh record high in gold. It's up $34 today to $2791, breaking the November high by $1.At the start of December I touted the seasonal trend of strength in gold in Dec-Jan (as I always do). Once again this year it...
ECB sources: Policymakers expect a further cut in March followed by a deeper debate
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Last week’s 321 BCF US natural gas withdrawal was the fourth-largest ever
There is some angst about natural gas everywhere at the moment. Germany is floating the idea of the resumption of Russian natural gas flows as part of a peace settlement.In the US, a cold January has led to a series of very large natural gas inventory drawdowns....
USDCAD buyers had their shot yesterday….they missed. Today, the price rotated toward MAs
The USD/CAD attempted to move higher yesterday following rate decisions by the Bank of Canada and the US Federal Reserve. The price briefly broke above the upper boundary of a key consolidation zone, referred to as the "red box" (see chart), which has defined most of...
US December pending home sales -5.5% vs 0.0% expected
Prior was +2.2%Index 74.2 vs 79.0 priorYear-over-year, pending transactions declined 5.0%West lagged at -10.3% m/mThe index is at the lowest since August. Some housing numbers have been surprisingly strong lately but this is a sign that high mortgage rates are...
Tech volatility: microsoft falls while tesla takes off
Stock heatmap by FinViz.com Thu, 30 Jan 2025 14:46:03 GMTSector Overview:The heatmap reveals a dynamic day in the stock market, with the technology sector showing significant divergence. On one hand, Microsoft (MSFT) is experiencing a sharp drop of 5.71%, largely due...
The USDJPY tumbles lower in trading today but is finding dip buyers near a key support.
The USD/JPY moved lower during the early Asian session, breaking below a critical swing area between 154.77 and 154.967. It also dropped beneath the 38.2% retracement level of the December rally at 154.939, which shifted the bias further to the downside. During the...
Trump team “not even close” to making a decision on China tariffs – report
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EURUSD moves higher despite the rate cut from the ECB.
The ECB cut rates by 25 basis point as per expectations. The EURUSD was below the 38.2% retracement of the January trading range at 1.03968, and the 50% midpoint of the trading range going back to 2022. However, selling could not be sustained and when the price moved...
Lagarde Q&A: We have not had a discussion on whether it’s time to stop cutting
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ECB’s Lagarde: Indicators developing towards a sustained return to our inflation target
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Watch live: Lagarde’s press conference
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US initial jobless claims 207K vs 220K estimate
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