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,...
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...
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,...
GBPUSD tests 100 day MA/swing area. Key level for buyers and sellers.
The GBPUSD is trading to a new high and in the process is testing a key swing area up to 1.2670 and the 100-day MA at 1.2666. The high price just reached 1.2670. This is a key technical level for both buyers and sellers. Move above and stay above and traders will...
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...
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%...
More from Musalem: Expects inflation to wane but there are upside risks
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,...
White House nat sec advisory Waltz: Zelensky needs to return to table on critical minerals
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,...
MUFG: JPY now the best-performing G10 currency in 2025, staying short EUR/JPY
MUFG highlights the JPY as the best-performing G10 currency in 2025, driven by narrowing yield differentials and stronger-than-expected Japanese GDP growth. They maintain a short EUR/JPY position, targeting 150.Key Points:1️⃣ JPY is the Best-Performing G10 Currency in...
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...
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,...
Zelenskiy:Ukraine is ready for strong and useful agreement w/US on investments &insecurity
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 races above swing area topside target with little resistance
EURUSD moved to new highsEURUSD Technical Analysis: Bullish Breakout Continues Toward Key ResistanceEURUSD is extending its upside momentum, breaking above the key swing area between 1.0452 and 1.0467 with little resistance. This breakout has triggered follow-through...
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,...
US Middle East envoy Witkoff: Trump plan for Gaza is not an eviction plan for Palestinians
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,...
St. Louis Fed Pres. Musalem: Assurance inflation is returning to 2% before policy changes
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,...
Weekly crude oil inventory build of 4.633M vs estimate 3.144M
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,...
European indices are closing the day with mixed results
Major European indices are closing the day with mixed results. The worst performer is UK's FTSE 100. The best performer is Spain's Ibex. A snapshot of the closing levels shows: German DAX -93.10 points or -0.42% at 22340.54.France's CAC +12.04 points or 0.15% at...
USDCAD breaks below the 100 hour MA. Can the momentum lower continue?
USDCAD has been oscillating between the 100-hour and 200-hour moving averages since breaking above them during the European session yesterday. The pair found support at the 100-hour MA in early U.S. trading but faced selling pressure at the 200-hour MA (currently...
Atlanta Fed Bostic Doesn’t expect new burst of inflation, though widespread uncertainty
Fed's Bostic is out with some comments on the economy and policy, saying: Does not expect new burst of inflation, though uncertainty is widespread.Businesses are optimistic about deregulation but apprehensive about impact of tariff, immigration changes.Expects...