This week, the buyers in the USDCAD had their shot on a break to the upside. THey missed.THe sellers had their short on a break to the downside. They missed.The breaks up-and-down took the price of the pair outline a Red Box that is between 1.42899 and 1.4466. That...
US dollar dips after softer services PMI, declining comsumer sentiment
Who is the joker who wrote 'long international equities'?Bank of America highlighted how crowded the USD trade was in its latest fund manager survey and Europe is universally hated so today's PMIs from S&P Global have surprised the market.The European numbers beat...
TradeCompass for Tesla Stock
TradeCompass for Tesla StockCurrent Price: $417.00 (at the time of this analysis)Bearish Threshold: $415.28Bullish Threshold: $421.75Directional Bias: The tendency leans bearish. While Tesla hovers near a key inflection point, it requires confirmation to determine...
US December existing home sales 4.24m vs 4.19m 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,...
University of Michigan sentiment final for January 71.1 versus 73.2 estimate
Prior month 74.0Univ Michigan sentiment 71.1 versus 73.2 estimate. Weakest level since October of last yearCurrent conditions 74.0 versus 77.9 preliminary and 75.1 prior month. Weakest since November last yearExpectations 69.3 versus 70.2 point preliminary and 73.3...
Tech giants oscillate while semiconductors surge: A closer look at today’s market shifts
Stock heatmap by FinViz.com Fri, 24 Jan 2025 14:46:13 GMTSector OverviewToday's stock market heatmap reveals a day of varied performances across sectors, with some noteworthy movements that investors should consider. Technology is witnessing mixed results: while...
US January S&P Global flash services PMI 52.8 vs 56.5 expected
Lowest services reading since AprilPrior was 56.8Manufacturing 50.1 vs 49.7 expectedPrior manufacturing was 49.4Composite PMI 52.4 vs 55.4 priorService sector future confidence lost some of the shine from December's one-and-a-half year high, but remained the...
Modest changes for the major indices to start the day S&P hit a new record high.
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 USDCHF is down on the week, but finds support at the 38.2% retracement.
Yesterday's look at the USDCHF, I wrote:Downside targets that would increase the bearish bias would be near 0.9050 and then the 38.2% and swing level at 0.90209 (see green numbered circles). Getting below the 38.2% of the move up from the December low is key if the...
Meta’s Zuckerberg says will invest $60-$65B in capex this year
Meta's Zuckerberg says:Meta is expected to spend $60 – $65 billion in This year versus previous guidance up 38 – $40 billion.The stock is moving lower in premarket trading on the news. The current prices down $9.43 or -1.48% at $627.25.Zuckerberg adds: Plans to grow...
Tass: There is no objective signs that Ukraine and west are ready for peace talks
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,...
Trump touted a big corporate tax cut yesterday, but how will it be paid for?
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,...
Benchmark revision sees 28.8K fewer Canadian jobs in 2024, softer picture late in the year
Canada's labor market for 2024 has been revised, and the updated data paints a weaker picture than initially thought, with a noticeable decline in employment levels toward the end of the year. While the headline-grabbing December surge of 91,000 jobs remained intact...
Bitcoin Futures Price Prediction and Trade Strategy
TradeCompass for Bitcoin Futures: January 24, 2025 - Bitcoin Futures Price Prediction and StrategyPrediction and Strategy Summary for Bitcoin Futures:Bias: Slightly bearish, focusing on fading a potential breakout in Bitcoin futures.Approach: Wait for Bitcoin price to...
Canada December new housing price index -0.1% vs +0.1% 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 to Get a $200,000 Funded Account from Ultimate Traders
Ultimate Traders offers one of the prop industry’s most attractive funded trading programs. Not only is it extremely accessible with multiple tiers, but it is also separated into two types of “trading challenges” or evaluation processes: one that caters to novice...
ForexLive European FX news wrap: Dollar stays pressured, yen slips in post-BOJ trade
Headlines:BOJ press conference:Markets:EUR leads, JPY lags on the dayEuropean equities mostly higher; S&P 500 futures down 0.1%US 10-year yields up 0.5 bps to 4.641%Gold up 0.9% to $2,778.44WTI crude up 1.0% to $74.97Bitcoin up 2.2% to $105,388It was an eventful...
Premium Trading Tools and Resources with T4Trade
Moving into 2025, as traders search for platforms that best meet their needs, many companies within the highly-competitive forex industry are starting to realise the importance of providing more comprehensive toolkits to clients who expect more from their trading...
USD/JPY pares losses on the day, buyers still hold the line at the 155.00 level
USD/JPY hourly chartIt's been a back and forth day for the pair as traders are still working out what to make of things after the BOJ policy decision today. On the one hand, the dollar remains softer across the board and vulnerable as tariff fears are receding. That...
GBPUSD Technical Analysis – The USD eases further on positive tariffs news
Fundamental OverviewThe USD continues to lose ground as the tariffs fears ease. In fact, tonight Trump said that he would rather not use tariffs on China which triggered more weakness in the greenback. The tariffs risk has been the only thing keeping a bid under the...