The USD/CHF has moved lower, testing key support near the 200-hour moving average (0.90609) and 100-hour moving average (0.90504). The price has stalled in this area, as traders cautiously lean against these levels as a risk zone.Key Levels to Watch:Support: The...
Gold touches a fresh all-time record at $2791. What’s next
Gold weeklyGeopolitical uncertainty is fuelling a fresh record high in gold. It's up $34 today to $2791, breaking the November high by $1.At the start of December I touted the seasonal trend of strength in gold in Dec-Jan (as I always do). Once again this year it...
ECB sources: Policymakers expect a further cut in March followed by a deeper debate
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,...
Last week’s 321 BCF US natural gas withdrawal was the fourth-largest ever
There is some angst about natural gas everywhere at the moment. Germany is floating the idea of the resumption of Russian natural gas flows as part of a peace settlement.In the US, a cold January has led to a series of very large natural gas inventory drawdowns....
USDCAD buyers had their shot yesterday….they missed. Today, the price rotated toward MAs
The USD/CAD attempted to move higher yesterday following rate decisions by the Bank of Canada and the US Federal Reserve. The price briefly broke above the upper boundary of a key consolidation zone, referred to as the "red box" (see chart), which has defined most of...
US December pending home sales -5.5% vs 0.0% expected
Prior was +2.2%Index 74.2 vs 79.0 priorYear-over-year, pending transactions declined 5.0%West lagged at -10.3% m/mThe index is at the lowest since August. Some housing numbers have been surprisingly strong lately but this is a sign that high mortgage rates are...
Tech volatility: microsoft falls while tesla takes off
Stock heatmap by FinViz.com Thu, 30 Jan 2025 14:46:03 GMTSector Overview:The heatmap reveals a dynamic day in the stock market, with the technology sector showing significant divergence. On one hand, Microsoft (MSFT) is experiencing a sharp drop of 5.71%, largely due...
The USDJPY tumbles lower in trading today but is finding dip buyers near a key support.
The USD/JPY moved lower during the early Asian session, breaking below a critical swing area between 154.77 and 154.967. It also dropped beneath the 38.2% retracement level of the December rally at 154.939, which shifted the bias further to the downside. During the...
Trump team “not even close” to making a decision on China tariffs – report
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 moves higher despite the rate cut from the ECB.
The ECB cut rates by 25 basis point as per expectations. The EURUSD was below the 38.2% retracement of the January trading range at 1.03968, and the 50% midpoint of the trading range going back to 2022. However, selling could not be sustained and when the price moved...
Lagarde Q&A: We have not had a discussion on whether it’s time to stop cutting
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 Lagarde: Indicators developing towards a sustained return to our inflation target
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,...
Watch live: Lagarde’s press conference
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 initial jobless claims 207K vs 220K estimate
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 Q4 advance GDP +2.3% vs +2.6% 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,...
Why the risks in today’s US GDP report are tilted to the downside (and maybe deeply)
The consensus on today's US Q4 GDP report is for 2.6% q/q annualized growth in a slowdown from 3.1% in Q3.Risks are to the downside.That's because yesterday two critical inputs for the report were released and both missed badly. Wholesale inventories were lower by...
ECB cuts key rates by 25 bps in January monetary policy decision, as 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,...
The day after the FOMC rate decision will have the ECB rate decision to ponder.
The EURUSD whipped around yesterday, closing the day modestly lower after the FOMC kept rates unchanged. The USDJPY also traded higher and lower, and true to the pattern, the GBPUSD also was up and down volatile as the market concluded the FOMC is steady for now....
South Africa loweres rates by 25 basis points
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,...
ForexLive European FX news wrap: Dollar mixed, ECB up next
Headlines:Markets:JPY leads, EUR lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 6.3 bps to 4.492%Gold up 0.8% to $2,779.53WTI crude down 0.2% to $72.48Bitcoin up 1.2% to $104,972The dollar is keeping more mixed in European...