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,...
Are Tesla’s glory days over?
Not long ago, the media seemed to be in tune, running stories about how Elon Musk's Tesla was one of the biggest beneficiaries of Donald Trump's victory in the U.S. presidential election.Initially, this sentiment appeared to be true: Tesla stock rose a staggering 90%...
NZDUSD steps down to the 50% of the February trading range. Down over 0.80% on the day.
NZDUSD technicalsThe NZDUSD is on its fourth straight day of losses, currently down -0.83%, making it the biggest mover against the US dollar today. Risk-off sentiment and renewed tariff concerns are weighing on the pair. President Trump announced an increase in...
Economists unanimous for ECB rate cut next week but divided for June meeting
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,...
EURUSD tumbles lower on tariff fears. What are the technicals in play for the EURUSD now?
The EURUSD is moving lower as renewed tariff concerns weigh on market sentiment. The President announced that tariffs on Mexico and Canada will proceed as planned, while tariffs on China will increase from 10% to 20%. Additionally, concerns over potential European...
US January pending home sales index hits an all-time low
Prior was -5.5% Index 70.6 vs 74.2 prior -- all time lowYear over year transactions -5.2% vs -5.0% priorPrices up 4.7% y/yThis series started in 2002 and this was the worst reading ever for the index, which is remarkable given it's gone through a housign crisis and...
White House confirms additional 10% on China for a 20% total
CNBC is helping to clarify that the additional 10% tariff on China today will be on top of the prior 10% tariff that went into place at the start of February. That will bring the total to 20%.When he announced it this morning, there was some confusion on whether that...
Tech sector surges: Investors upbeat as semiconductors soar
Stock heatmap by FinViz.com Thu, 27 Feb 2025 14:46:10 GMT📈 Tech Sector on the Rise: A Close Look at Today's Market EnthusiasmThe US stock market showcased a dynamic trading session today, led primarily by robust performances in the technology sector. The market...
USDCAD moves higher after Trump confirms tariffs to start in March.
USDCAD techicalsUSDCAD surged higher yesterday, re-entering the "Red Box", a key consolidation range that contained price action from December through early February (see chart above). Within this range, the pair initially spiked higher following Trump’s announcement...
USDCHF stretches to the topside and tests the 200 hour MA. Get above is a tilt higher.
The USDCHF based earlier in the week near a swing area between 0.8913 and 0.8923. The 100 day moving average is moving toward that area as well giving sellers some cause for pause on the decline. That bottom for the week saw the price extend up to its 100 hour moving...
Fed’s Schmid: Concern growing about recent increase in inflation expectations
KC Fed President Jeff SchmidI'm more cautious about inflation given the lack of progressConcern growing about recent increase in inflation expectationsExpectations surveys are imperfect but recent sharp rise means the Fed cannot let its guard downUncertainty might...
Trump pledges an additional 10% tariff next week. Says Canada/Mexico tariffs still on
AI imageYesterday, Trump said that Mexico and Canada tariffs were delayed until April 2 but then appeared to contradict himself. Now he's clearing it up with a post on Truth Social that says the Canada/Mexico tariffs are still on while there will be an additional 10%...
US initial jobless claims 242K versus 221K estimate
Prior week initial jobless claims 219K revised to 220KInitial jobless claims 242K vs 221K estimate. Highest since the first week in October (the high at the start of the year was also at 242K)4-week moving average for initial jobless claims 224.0 0K versus 215.5 K...
US Q4 GDP second reading +2.3% vs +2.3% expected
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 January durable goods orders +3.1% vs +2.0% expected
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,...
Kickstart the North Amer. trading day with a technical look at the EURUSD, USDJPY & GBPUSD
As the NA session begins, the video above kills three birds with one stone with a technical look at the EURUSD, USDJPY, and GBPUSD from a technical perspective. The EURUSD and the GBPUSD has had similar paths with declines followed by bounce-back rallies (but...
WH Adviser Hassett: There’s a study coming out on tariffs on April 1st
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,...
Tariff Confusion Leaves Markets Guessing
Tariff Confusion Leaves Markets Guessing: March 4th vs. April 2nd?A confused Mexican Peso awaits Trump tarrifsTraders and investors are bracing for uncertainty as conflicting signals from the White House fuel speculation about whether the 25% tariffs on Mexico and...
Outlook remained heavily dependent on the evolution of services inflation – ECB accounts
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,...
Is eBay Stock a Buy?
Is eBay Stock a Buy? No, Here’s a Short Trade PlanMost investors focus on whether a company beats or misses earnings expectations, but as experienced traders know, price action after earnings is the real indicator of market sentiment. While eBay’s earnings may seem...