The AUD/USD is bucking the broader trend of a weaker U.S. dollar, with the pair moving lower (stronger USD). In its decline, the price has fallen back below a key swing area between 0.6287 and 0.6301, as well as the 38.2% retracement of the move down from the November...
Dallas Fed manufacturing business index +14.1 vs +3.4 prior
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,...
How has the DeepSeek news impacted the technicals driving shares of Nvidia?
Nvidia's stock price has tumbled on the DeepSeek news, raising questions about its valuation multiples. Adam shares some compelling fundamental insights on what could be the biggest news story of 2025 and beyond. You can read about it HERE.From a technical...
The losses in Nvidia today are the biggest single-day market cap decline in a stock ever
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,...
Goldman Sachs: What we expect from January BOC and USD/CAD strategy
Goldman Sachs anticipates a 25bps rate cut from the Bank of Canada at this week’s January meeting, paired with cautious guidance due to tariff-related uncertainties. They prefer medium-term long USD/CAD positions to capitalize on potential tariff risks.Key...
US December new home sales 698K vs 675K 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,...
The DeepSeek fallout is so big that it’s hitting macro
The model that most people in the bond market are using is this:AI is disinflationaryBut first there will be massive spending on chips and power to build it, creating near-term inflationWell the second-leg of that thinking took a big hit from DeepSeek, as it shows...
Tech turmoil: Semiconductor stocks slide, Walmart weathers the storm
Stock heatmap by FinViz.com Mon, 27 Jan 2025 14:46:15 GMTSector OverviewThe US stock market presents a varied landscape today, with significant movements across various sectors. The semiconductor sector faces a pronounced downturn, while the consumer defensive sector,...
USDCAD trades up and down and back up again in volatile trading
While the EURUSD, GBPUSD, USDJPY and USDCHF point to a lower USD, the USDCAD is not so sure. The USDCAD moved higher initially (higher USD), then fell toward a support and is back up. That has the pair higher on the day. However, the price is finding some stall near...
Chip wipeout coming as DeepSeek crushes the world’s most-valuable company
It's going to be a rough day in the US equity market, particularly the Nasdaq.The chip bubble may be popping because DeepSeek released a model on par with ChatGPT that was far cheaper to build and to operate. The cost is something like 3% and it didn't use the latest...
USDCHF breaks lower and extends below the 38.2% retracement. That is now key resistance.
The USD/CHF has moved lower, breaking below the 38.2% retracement of the December low-to-high move at 0.90209, which now acts as key resistance. Staying below this level reinforces the bearish bias, while a return above could frustrate sellers.Following the break, the...
Big bluff: The real reason behind Trump’s 25% Mexico-Canada tariff push
I believe that recent leaks have revealed why Trump is threatening 25% tariffs on Mexico and Canada and what he really wants in return.He wants to renegotiate the USMCA agreement sooner.The agreement -- which he negotiated in his first term -- is up for review on July...
Alchemy Markets Recognized as “Best Emerging Broker MEA 2025”
Alchemy Markets has been recognized with the “Best Emerging Broker MEA 2025” award at the UF Awards MEA. This accolade, regarded as a significant benchmark within the financial industry, reflects the company’s focus on innovation, client-oriented services, and trading...
META Stock Analysis Today and Before Earnings
TradeCompass for Meta Stock: Price Analysis and Short-Term Trading Strategy Before EarningsThis Meta stock analysis is designed specifically for day traders targeting short-term opportunities. Unlike the previous TradeCompass for Google, which included long-term...
US December Chicago Fed national activity index +0.15 vs -0.12 prior
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,...
What are the technicals driving the EURUSD, USDJPY and GBPUSD on January 27?
The USD has moved lower with lower yields as DeepSeek send stocks lower and tariff wars don't help either.In the video I take a look at the three major currencies - the EURUSD, USDJPY and GBPUSD - as they react with a move lower in the USD (EURUSD and GBPUSD move...
Google Stock Analysis for Today and Before its Upcoming Earnings
TradeCompass for Google Stock: Price Prediction and Trading Strategy Before EarningsThis detailed guide provides a roadmap for day traders and swing traders to approach Google (Alphabet) stock ahead of earnings. By identifying key price levels, institutional activity...
Canadian Dollar Futures for Today
TradeCompass for Canadian Dollar Futures (6C - March 2025 Contract) | January 24, 2025Canadian Dollar Futures Analysis and Price PredictionsAt the time of this analysis, Canadian Dollar Futures (ticker: 6C) are trading at 0.69825, just below key thresholds that could...
ForexLive European FX news wrap: Risk aversion holds as DeepSeek triggers tech selloff
Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 2.2%US 10-year yields down 9 bps to 4.522%Gold down 0.4% to $2,760.93WTI crude down 0.4% to $74.23Bitcoin down 3.5% to $98,988It's a rare risk-off day in markets on a...
USDCAD Technical Analysis – The focus remains on the tariffs
Fundamental OverviewThe USD opened higher today and continued to dominate throughout the Asian session as we got once again some tariffs headlines that weighed on the risk sentiment. In fact, late yesterday Trump announced that he will impose 25% tariffs and sanctions...