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 erases the declines. Trades into positive territory
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,...
Euro rallies on hopes for peace in Ukraine after Trump-Putin call
The euro is at the highs of the day after Trump posted about a call with Putin where they agreed to visit each other and begin negotiations on an end to the Ukraine war.EUR 1 hourThe tone of Trump's comments were very warm and he said he agreed to visit Putin in...
Trump: I will visit Putin in Russia. Will start negotiations on ending war in Ukraine
Putin and Trump did a prisoner exchange so that was likely what they spoke about.Eyes are on Ukraine for some kind of resolution to the war. The wheels look to be in motion for that but the parameters of the discussions are tough to gather.In other geopolitical news,...
USDCHF buyers hold intraday support and bounces. What keeps the buyers in control?
The USD/CHF spiked higher following the CPI data, reaching an upside target near 0.9152 before fluctuating during Fed Chair comments. The subsequent pullback found support at a key swing area low of 0.9128, reinforcing the significance of this level.Holding above...
European equity close: A solid day despite the CPI blip
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,...
Powell: Today’s inflation print shows we’re close but not there yet 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,...
USDJPY continues its move higher.The EURUSD and GBPUSD have pushed back higher (lower USD)
The USD has seen increased bullish momentum in the USDJPY. Versus the EUR and GBP, the dollar has come off highs and reversed back higherUSDJPY: The USDJPY is pushing to new session highs after breaking above the 38.2% retracement level at 153.959. The pair has now...
EU Trade chief talks to Trump on finding a tariff solution
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,...
Powell: We have had no contact with DOGE
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,...
Crude oil inventory for the current week build 4.070M vs estimate 3.028M
Prior week oil inventory build 8.664MCrude oil inventory buildup 4.070M versus 3.028M estimateGasoline drawdown of -3.035M versus estimate of a build of 1.403MDistillate build of 0.135M vs drawdown of -1.539M estimateCushing build of 0.872M vs. last week drawdown of...
Hassett: Reciprocal tariffs are a work in progress
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 House budget projects $1.9 trillion deficit for fiscal year 2025, or 6.2% of GDP
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,...
BOE’s Greene: Disinflationary process is broadly on track
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 rebounds, eyes hourly MA resistance
U.S. stocks opened lower but have since pared some of their losses in the first 30 minutes of trading. The Nasdaq led the decline, dropping as much as 228.37 points before rebounding to a session high of 15,569.38 (down -74.47 points). This bounce brought the index...
Euro rebounds as the CPI move runs out of gas
EUR/USD 10 minsThe US dollar jumped following the hot CPI report but the move hasn't extended following the initial burst. There is some retracement ongoing across the board but the move in the euro is particularly strong. It's now recovered more than half of the...
Tech and healthcare stocks struggle as Tesla drives auto gains
Stock heatmap by FinViz.com Wed, 12 Feb 2025 14:46:11 GMTSector overviewThe US stock market experienced a turbulent day, with technology and healthcare sectors facing significant declines. The semiconductor industry led the downturn with notable stocks such as Nvidia...
The USDCAD moved above its 100 hour MA after the stronger US CPI. Watching support now.
The USD/CAD has moved above the 100-hour moving average at 1.4317 following the release of U.S. CPI data. Holding above this level keeps buyers in control, reinforcing the bullish momentum. However, a move back below could weaken the upside reaction and signal a loss...
The Fed has a bit less ammunition: What’s next for markets
AI imageToday's CPI report was hot and that's driven big US dollar gains and a 1% drop in S&P 500 futures. Will that move extend? I don't think it will.The talk about 'residual seasonality' in CPI is ramping up again and that's fair as it seems to be the case....
US dollar moves higher. Yields higher. Stocks lower after stronger CPI data
The markets are rocking and rolling after CPI data came in higher than expected. EURUSD: The EURUSD moved back below its 100 and 200 hour moving averages near 1.0344, tilting the bias back to the downside. Stay below those levels is more bearish.USDJPY:The USDJPY has...