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Major US indices close lower but retraces losses

Major US indices close lower but retraces losses

The major indices are closing lower but it could've been worse.Dow industrial average fell -450.94 points or -1.01% at 44176.65. However, at session lows, the index was down -677.43 points.S&P index fell -26.63 points or -0.43% at 6117.52. At session lows, the...

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USDCHF moves toward low of trading range since mid-December

USDCHF moves toward low of trading range since mid-December

As the trading day nears its close, USDCHF is testing the lower boundary of its multi-week trading range, which has been in place since mid-December. On the 4-hour chart, the pair formed a double top at the January high two weeks ago before reversing lower. Last week,...

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US crude oil futures settled $72.57

US crude oil futures settled $72.57

US crude oil futures settled at $72.57, gaining $0.32 (+0.44%) on the day. Prices ranged between a low of $71.76 and a high of $73.10.On the hourly chart, today’s low found support near the 200-hour moving average, reinforcing its importance as a key level for buyers...

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USDJPY stretches to the swing area and the 50% retracement

USDJPY stretches to the swing area and the 50% retracement

USDJPY broke below its yearly low and February low at 150.943, accelerating downside momentum. The decline extended to 149.39, aligning with the upper boundary of a key swing area dating back to mid-August 2024 (149.08 - 149.39). This level also coincides with the 50%...

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Morgan Stanley G10 FX outlook: AUD, JPY, GBP, NZD, CAD, CHF

Morgan Stanley G10 FX outlook: AUD, JPY, GBP, NZD, CAD, CHF

Morgan Stanley maintains its broader G10 FX outlook, favoring AUD and JPY as top performers, GBP resilience, and NZD gains trailing AUD. They see CAD and CHF as underperformers due to trade risks and funding flows.Key Points:1️⃣ Top Performers: AUD & JPYAUD: Gains...

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US sells 30-year TIPS at 2.403% vs 2.40% WI

US sells 30-year TIPS at 2.403% vs 2.40% WI

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,...

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More Musalem: Productivity speed up is reaching its trend

More Musalem: Productivity speed up is reaching its trend

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,...

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