Gary CohnGary Cohn was a moderating influence in Trump's first term and was his chief economic advisor. He's no longer working with Trump but he can speak to the President's thinking around tariffs as they surely discussed them many times."I think he fundamentally...
Alcoa among companies reporting after the bell
Aluminum giant Alcoa is a good barometer for the industrial economy and global growth. The company will report today after the bell and I will highlight any comments about the health of the world economy.Overall, it's a quieter day of reporting than yesterday, which...
Crude oil settles at $75.44. Tests 200 day MA at session lows
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: USD/CAD rise to 1.50-1.60 range on broad 25% US tariffs
USDCAD dailyMUFG warns that a 25% tariff on all Canadian imports by the US could push USD/CAD into a 1.50-1.60 range. While markets remain optimistic that negotiations will dilute or avert the tariff threat, escalation risks loom as the 1st February deadline...
Oracle continues its run to the upside. What now technically for the stock?
In the video above, I take a look at Oracle the day after running higher on fundamental news of a joint venture took the price above the 100 day MA and the 200 hour MA. Both breaks to the upside were bullish technically. Those levels also helped to define risk for...
ECB’s Holzmann says it would be better to wait a bit longer on rate cuts
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,...
Sam Altman gets combative with Elon Musk on Twitter
There is some head-scratching about yesterday's $500 billion investment in data centers that was touted at the White House. The big question is: whose money is it?The announcement was led by Softbank's Masayoshi Son and that firm only has $134 billion under...
US sells 20-year notes at 4.900% vs 4.911% 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,...
One year ago, a hedge fund manager released the saddest letter
One year ago today, Asia Genesis Asset Management announced it was shutting down. The decision came after a 'disastrous' January of trading that followed several tough months and destroyed the confidence of CIO Chua Soon Hock.Every trader has gone through struggles...
USDCAD reaches the MA targets and backs off
The USDCAD stretched higher and in doing so, reached the 100/200 hour MA target at 1.4385 to 1.43918 (see earlier video HERE). Sellers leaned at the risk-defining level on the first test, and the price has backed off. If the buyers are to take more control, getting...
European equity close: FTSE 100 fades to finish at the lows, ending 5-day winning streak
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,...
S&P index pushes for a record close, but stalls on the first look.
The S&P index moved to a high today of 6092.82. That move took the price of the index above the highest closing level at 6090.27. The all-time high price was not breached at 6099.98.Technically speaking the price has gapped on the opening for the 3rd consecutive...
No Bank of Japan worries as USD/JPY stretches to the highs of the day
USD/JPY 1 hourUSD/JPY is at the highest levels of the day and testing the top of the recent range. The pair is up 85 pips to 156.34.The high last week was 156.58 and that will be in focus through the Bank of Japan decision, which is coming up in Tokyo trade. The...
Trump threatens Russia with tariffs if Putin doesn’t settle war
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,...
TradeCompass for DAX Futures: Swing and Intraday Opportunities
TradeCompass: DAX Futures Analysis and Price PredictionCurrent Price OverviewDAX futures are trading at 21,377, positioned just above critical levels that dictate today’s price action:Point of Control (POC): The day's primary volume concentration.VWAP (Volume Weighted...
Deutsche Bank sees ‘very real possibility’ that Canadian dollar tests all-time low
USDCAD quarterlyDeutche Bank believes that trade war risks are higher than markets are pricing and is out with a note saying the loonie is "out of the most under-priced" currencies around trade war risks.Deutche Bank that Trump does have the legal authority to impose...
NZDUSD sellers defining the ceiling for the pair between 0.56837 and 0.56917.
The NZDUSD has not been without it's volatility since the US inauguration on Monday. However, the highs reached on Monday, and Tuesday and again today, stalled near the earlier January highs and the 38.2% retracement of the move down from the end of November high....
Morgan Stanley: What we expect from the January FOMC
Morgan Stanley anticipates the Fed will hold rates steady at the January meeting while upgrading its assessment of the labor market. Chair Powell is expected to emphasize data dependence and policy uncertainty, leaving the door open for a potential rate cut in...
US December leading indicators -0.1% vs 0.0% 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,...
AUDUSD runs into sellers near swing area/retracement target. Seller make a play.
The AUDUSD has exhibited heightened volatility during the US election period. Despite the fluctuations, buyers have consistently stepped in near the rising 100-hour moving average, maintaining their presence in the market. On the flip side, recent highs from Monday...