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EURUSD moves lower after testing ceiling. Trump says will tariff autos and other things
EURUSD technicalsThe EURUSD tested the ceiling target between 1.0527 and 1.05325, just below the 100-day moving average at 1.05382. The high for the day reached 1.0528, where sellers stepped in, accelerating momentum after President Trump announced plans to impose a...
USDCAD buyers back in control with break back in the “Red Box” Stay above 1.4268 bullish.
The USDCAD has moved back into the "Red Box" range (1.4268 – 1.4466), which had contained price action since mid-December. Volatility increased after President Trump took office, initially sending the pair sharply higher (CAD lower) before reversing lower (CAD higher)...
Tickblaze Debuts a New Era of B2B Trading Solutions for Prop Firms, Hedge Funds, & Brokers
Tickblaze is ushering in a new era of B2B trading solutions with its hybrid, multi-asset, and broker-neutral platform designed to ignite business growth, attract clients, and stand out in today’s dynamic markets.Originally forged with institutional-grade technology,...
Trump uses the ‘competitor’ code word for China
Trump is talking about DOGE, tariffs and the usual stuff in the Oval office. There isn't anything market moving in what he's said already but he said this on China:We're going to get along very well with ChinaChina is a competitorUS descriptions of China range from...
Trump: Wants a balanced budget in reasonably short period of time
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Japan top FX diplomat Mimura: Doesn’t see disparity in FX moves and data
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BOE’s Dhingra: Many of the forces that fuelled trade expansion have diminished
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,...
USDCHF bounces off targeted support at lows yesterday/today, but stalls at MA resistance
The USDCHF broke to new 2025 lows yesterday with momentum. In the post yesterday (see post here and the chart from that post below), I targeted the swing area at 0.8914 to 0.8923 and warned that the area "should give buyers a cause to pause" the move lower.USDCHFThe...
Cable catches a bid into the London fix
We're near month-end so I'm not surprised to see some flows driving trade. Cable has been strong in the last 30 minutes or so and that's likely on fixing flows and perhaps some stops above yesterday's high. The pair is now trading at the best levels since December...
GBPUSD has been trading above/below the 100D MA suggestive of market looking for a shove.
The GBPUSD moved above the 100 day MA for the first time since November 2024 on Thursday of last week. The last 5 trading days has seen the price trade above and below that MA suggestive of a market that is not sure of the next "shove" (higher or lower). Having said...
EIA weekly US crude oil inventories -2332K vs +2605K expected
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House budget vote win is a tailwind for US stocks
At this time yesterday, it looked like House Speaker Johnson would have to pull the bill to extend Trump tax cuts but with some major arm twisting late yesterday, it got through by the narrowest of margins.That's a good sign that the votes will eventually be there to...
US January new home sales 657K vs 680K 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,...
USDJPY tries to extend higher but has some resistance.What key levels would shift the bias
The USDJPY fell below the 50% of the move up from the September 2024 low to the January 2025 high at 149.22 yesterday and also a swing area between 149.07 AND 149.39. That sent the pair lower that ultimately broke below the low from early December at 148.64 (low...
Tech sector surges while healthcare retreats: Nvidia and Oracle lead the gains
Stock heatmap by FinViz.com Wed, 26 Feb 2025 14:46:07 GMTSector OverviewTechnology Sector: The tech sector is seeing significant movement today, with notable gains. Leading the charge is Nvidia (NVDA), up by 2.84%, driven by positive momentum and investor optimism....
EURUSD rotates back down as ups-and-downs continue
The EURUSD has been choppy today, with price action swinging between key technical levels. The Asia session saw an initial move higher, testing the weekly high at 1.0527 and the January high at 1.05325. The peak reached 1.05242 before sellers regained control, pushing...
US copper tariffs are a bizarre strategy but highlight a real shortage
US copper weeklyTrump signed an executive order late yesterday directing the Commerce Department to examine possible copper tariffs.It's a bizarre move given that copper is fungible and sellers can simply sell elsewhere. There is no-doubt going to be a push to improve...
Lowe’s highlights sluggish US home-related spending
All eyes are on Nvidia earnings after the bell today but a better reading on the underlying economy probably came from home improvement company Lowe's today. Shares are up 2.5% on modest beats on revenues and earnings but that comes after an 18% decline since the...
Canada January advanced wholesale trade +1.8%
Canada is out with some statistics today including January wholesale trade. That metric rose 1.8% based on a 59.1% survey response that will be updated with the full slate.Another report highlights that aircraft movements in the country are only back to 92% of the...