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 breaks above 200 day MA for first time since November 6
EURUSD technicalsThe EURUSD stalled just below its 200-day moving average (1.07258) at the start of the U.S. session, while fluctuating around the 50% midpoint (1.0695) of the September-to-January decline. Buyers stepped in following weaker ADP data, while...
WTI crude oil falls below $66 for the first time since September
OPEC+ might regret adding 170k barrels per day to the April balances. The profits from that extra oil have surly been swamped by the resulting drop in the price of oil, with WTI now down $4 this week. About half of that is today's decline, which has taken out the...
The 200-day moving averages are in play for both the S&P and the Nasdaq indices
Both the S&P 500 and NASDAQ indices have been highly reactive to their 200-day moving averages over the last few days, a key technical level for market direction. The S&P 500 tested support near its 200-day MA at 5,728.26 yesterday, with buyers stepping in...
BOE’s Bailey: I think it’s less-likely we get second-round effects due to a soft economy
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 factory orders for January 1.7% versus 1.6% 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 February ISM services 53.5 vs 52.6 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,...
Tech giants lead rally as semiconductors surge, energy stocks stumble
Stock heatmap by FinViz.com Wed, 05 Mar 2025 14:46:12 GMTSector OverviewToday’s market heatmap reveals a strong performance in the technology sector, particularly among semiconductor companies, while energy stocks faced headwinds.📈 Semiconductors: Nvidia (NVDA) soared...
US February S&P Global final services index 51.0 vs 49.7 prelim
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: Sellers are in play below the 100 day MA and high of swing area at 0.8922
USDCHF techncalsThe USDCHF fell back below its 100-day moving average (0.8922) yesterday, breaking through a key swing area between 0.8914 and 0.8922—a clear bearish technical development. This marked the first break below the 100-day MA since November 2024, signaling...
BOE’s Greene: It’s less likely that persistent inflation will fall on its own
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,...
Ultimate Traders Prop Challenges: 5 Competitive Differences
Challenges can reveal a trader’s talent for strategy. Whether traders are experienced or aspiring, changing market conditions are their true testing grounds. Ultimate Traders is an award-winning prop trading firm which aims to identify talented traders who have...
T4Trade: A Frontrunner in Online Trading Services
The foreign exchange trading market is set to keep growing in size and complexity, and traders should choose their service provider with care. T4Trade is a broker to consider because it has emerged as a frontrunner in recent years. Combining innovation with...
German bund yields could rise another 100 basis points from here, Goldman Sachs says
The euro is soaring alongside bund yields today after Germany unveiled proposals that would lift the debt brake and authorize major infrastructure and military spending.Yields are up 25 basis points to 2.73% today but Goldman Sachs says that could jump to 3.75% in the...
Sheinbaum: Let’s see what happens on tariffs through Sunday
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 Supreme Court rejects Trump on USAID freeze
There is a view among many in markets that Trump can do whatever he wants because the Supreme Court will uphold anything he does. This is a big pushback against that view, though it won't be the last fight.Initial reports said the Supreme Court has reinstated the...
USDCAD continues up and down volatility but with a short term ceiling in place. What next?
The USDCAD is experiencing volatile price action today after similarly choppy movements on Monday and Tuesday. Earlier this week, the pair's upside stalled just below the 61.8% retracement of the 2025 trading range at 1.4547, failing to sustain momentum above a key...
OPEC production rose 170K in February
Trump signed an order in February that could tighten sanctions on Iran but so far there hasn't been any effect. Iran was able to raise output by 80k bpd in the month, according to Reuters' survey. That was the biggest increase in a 170k bpd rise in the month, that...
Shares of US automakers rise after hints of some kind of ‘USMCA compliant’ tariff regime
Shares of General Motors are up 5% and Ford up 1.7% in the pre-market. Reports from late yesterday and Lutnick's comments hint at some kind of carve-out for automakers. Reuters reported:"Two sources familiar with discussions between the Trump administration and...
Canada Q4 labor productivity +0.6% vs -0.4% 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,...