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 S&P 500 and TSLA are now back to flat since the election
The S&P 500 opened at 5864 on the morning after the US election, it's now trading at 5880.That's just a few points higher on what was a surprisingly strong Republican sweep. In the aftermath of the election, the market was enthralled with the idea of extending the...
Fed’s Harker: Policy remains restrictive enough to keep downward pressure on inflation
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,...
OpenAI releases GPT 4.5. Between that and NVDA, it’s a disappointing day
OpenAI is hosting a livestream of the release of ChatGPT 4.5 right now.It's going to be rolled out for Pro users this week and Plus users next week. Deep Research has earned some rave reviews.At the same time, today feels like a telling day. Nvidia beat on earnings,...
Has gold topped? Seven reasons why it might have
In late November, I made the case for buying gold. At the time, we got data that China's central bank had resumed gold purchases. We were also dealing with US election uncertainty and -- most importantly -- the strong seasonal trend in gold.Gold was trading at $2620...
Nasdaq plummets, Breaks key support levels
US stocks are hitting new session lows, with the Dow turning negative after spending most of the day in positive territory, while the S&P 500 accelerates its decline, now down 1.0%. The Nasdaq is taking the hardest hit, leading the losses with a sharp drop of...
EURUSD bouncing off crucial support zone, potential for upside momentum
EURUSD 1-hour chartEarlier, I highlighted a key support zone in EURUSD, defined by a cluster of critical technical levels:1.04065 – 38.2% retracement of the move up from the February low1.0401 – Swing low from February 191.0405 – 50% retracement of the EURUSD trading...
Fed’s Hammack: Fed likely to hold rates steady ‘for some time’
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,...
NASDAQ traders battle between key support and resistance levels
The NASDAQ index fell below its 100-day moving average on Tuesday and has remained mostly below it through Wednesday and today. This sustained break keeps sellers in control in the short term, reinforcing a bearish bias.Key Technical Levels in PlayResistance: The...
Trump says Russia acting well and that a peace deal is “well advanced”
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,...
There haven’t been intensive discussions around avoiding China tariffs – report
The WSJ's Lingling Wei reports that there haven't been 'intensive' negotiations on how China can avoid further US tariffs after the first 10% increase and there isn't likely to be more on the second threat.So far, Beijing hasn’t made an offer to the Trump...
OPEC + is hesitant on going ahead with plans April oil output hike
Reuters is reporting that: OPEC+ is hesitant on going ahead with plans April oil output hike due to uncertainty over sanctions and tariffs.Russia, UAE would like to proceed with April oil output hike, other members including Saudi Arabia favor a delay.Crude oil is...
GBPUSD breaks below key moving averages, signaling bearish sentiment
GBPUSD technicalsThe GBPUSD is trading lower, breaching a cluster of key moving averages and signaling a shift in market sentiment (see hourly chart above). The breakdown has seen price fall below:100-hour moving average: 1.26508100-day moving average: 1.26415200-hour...
DAX leads European equity markets lower
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,...
AUDUSD posts largest decline of 2025 amid tariff concerns
The AUDUSD is down nearly 0.9% today, marking its largest decline of 2025 and the steepest drop since December 18, 2024. The initial move lower stalled at the 38.2% retracement of February’s trading range (0.6285), where buyers attempted to provide support. However,...
KC Fed manufacturing index -5 vs -9 prior
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BOJ’s Ueda: Will make decisions on mon pol after scrutinizing US policy
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,...