Goldman Sachs has raised its estimate for the likelihood of a U.S. recession in the next 12 months to 35%, up from 20%. The company - not surprisingly - cites risks from escalating trade tensions and weakening consumer and business confidence. They also add that...
USDCAD technical analysis: Buyers hold above key MAs, eyes shift back toward 1.4471
USDCAD technicalsTariffs are a big driving influence in the USDCAD. If there is a threat, the USDCAD tends to go higher. If the pressure is off, the price can wander lower. The so-called "Liberation Day" is on April 2 and that has the markets concerned and with it the...
USDCHF technical analysis: Key resistance at 0.8828–0.8848 caps upside for now
USDCHF technicalsUSDCHF remains caught in a consolidative range after failing to sustain a downside break below the key swing area near 0.8794–0.8800. The pair dipped beneath this support in the Asian Pacific session after a number of tests in the area last week....
DAX falls to a key trendline as risk-off flows dent global equities
The DAX has been under strong selling pressure after Trump placed 25% tariffs on auto imports last week. The index is now down more than 6% from the all-time highs and it's testing a key trendline.This is where we will likely see some dip-buyers stepping in with a...
The dollar is mixed while the global stocks are not – they are down.
The USD is mixed to start the US trading day. In the video above I take a look at the 3 major currency pairs to start the day and outline the key levels in play for each. Be aware. Be prepared.The US - all stock markets - are lower to start the day. Pres. Trump said...
ForexLive European FX news wrap: Safety bids stick as Trump tariffs loom
Headlines:Markets:JPY leads, AUD and NZD lag on the dayEuropean equities lower; S&P 500 futures down 1.2%US 10-year yields down 6.9 bps to 4.186%Gold up 1.0% to $3,113.42WTI crude up 0.1% to $69.43Bitcoin down 0.5% to $81,961As we get closer to Trump's so-called...
Traders increase easing expectations for all central banks amid the global growth fears
Rate cuts by year-endFed: 80 bps (76% probability of no change at the upcoming meeting) ECB: 64 bps (92% probability of rate cut at the upcoming meeting) BoE: 52 bps (66% probability of rate cut at the upcoming meeting) BoC: 55 bps (62% probability of no change at the...
FBS Explores the US Bitcoin Reserve and Its Market Implications
FBS, a leading global broker, has released a new analysis examining the impact of the US government's decision to establish a Strategic Bitcoin Reserve. This move, announced by President Donald Trump in March 2025, officially recognizes Bitcoin as a reserve asset and...
No Putin-Trump call scheduled so far for this week
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,...
France’s Le Pen reportedly receives immediate election ban
The verdict is that Le Pen will be deemed ineligible to be elected to public office, though the duration is unknown. But if confirmed, I reckon it should be the five-year ban as per what the offense would carry. This means she will be ruled out from running in...
AUDUSD falls below a key support as risk-off flows dominate
On the 4 hour chart below, we can see that the AUDUSD pair just fell below a key support zone around the 0.6260 level which has been holding since March 10th. The sellers are likely to pile in with a defined risk above the broken zone to position for a drop into the...
Risk sentiment stays on the defensive as we await the April 2 event
In case you missed it, we had a WSJ report overnight saying the Trump was weighing broader and higher tariffs with hikes potentially as high as 20%. This weighed on an already negative sentiment that was triggered by last Friday's final University of Michigan consumer...
PU Prime Becomes the Official Regional Sponsor of the Argentina National Football Team
PU Prime, a globally recognized online trading platform, has announced its partnership with the Argentine Football Association as an Official Regional Sponsor. The partnership, commencing on March 17, 2025, underscores PU Prime’s commitment to excellence and...
Italy February preliminary CPI +2.0% vs +1.6% y/y 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,...
France’s Le Pen found guilty in case over misuse of parliamentary funds
It's a big moment in French politics, so do keep an eye out for this. Le Pen is the far right party leader and is the frontrunner in opinion polls ahead of the next presidential vote. If she is made ineligible, then this would see the far right grasp on the political...
No, bitcoin is not digital gold
The first quarter of 2025 has been defined by a rise in growth fears and inflation expectations leading to hightened stagflationary risks. The culprit is of course Trump's tariffs policy. Bitcoin has been often cited as a hedge against inflation but the actual drivers...
UK February mortgage approvals 65.5k vs 65.6k 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,...
ECB’s Panetta: The fight against inflation cannot be considered over
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,...
Bavaria March CPI +2.3% vs +2.4% y/y 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,...
SNB total sight deposits w.e. 28 March CHF 451.2 bn vs CHF 449.2 bn 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,...