AUDUSD technicalsThe AUDUSD continues to coil between key technical levels, as traders await a decisive breakout. For most of the day, the pair has traded in a tight range between the 100-hour moving average at 0.6296 and the 200-hour MA at 0.6316, reflecting a...
Carney: Our response to the latest tariffs is to fight
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,...
Mexican central bank cuts rates by 50 vs 50 bps cut 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,...
Crude oil settles at $69.92
The price of WTI crude oil is settling at $69.92. That's up $0.27 or 0.39%. The high price reached $69.97. The low price was at $69.12.Crude oil technicalsLooking at the daily chart, the 100-day moving average comes in at $70.66. That is the next key target on the...
Canada won’t impose counter-tariffs on the US until April 2
A report earlier today said Ontario "expects the US administration to significantly ease the impact of auto tariffs on Canada" in the future after Howard Lutnick called Ontario Premiere Doug Ford yesterday.Now, we have comments from Ford saying he spoke to Canadian...
Deutsche Bank sees the most significant risk of global dollar de-dollarisation since WWII
I have long brushed-aside talk of de-dollarization; around ideas like a BRICS currency, I've mocked it.But a note from Deutsche Bank today has me seeing new ways that that dollar dominance could erode, if not collapse. They call it a nuclear button for the US dollar...
US CBO projects huge US deficits forever based on current laws (that’s before tax 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,...
Trump and Canada’s Mark Carney held their first call today – 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,...
US treasury auctions of $44 billion of 7-year notes at a high yield of 4.233%
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,...
Putin: US is serious about Greenland. US will promote its interests in the Arctic
US is serious about GreenlandUS will promote its interests in the ArcticConcern that NATO sees the North as the possible foothold for conflicts. Russia has never threatened anyone in the ArcticThere is possibility of cooperation in Arctic, including with Western...
European indices close the day mostly lower
Major European indices are closing the day mostly lower. Spain's Ibex little changed but down. Italy's FTSE MIB up marginally.German DAX -0.77%France's CAC -0.51%UK's FTSE 100 -0.27%Spain's Ibex -0.07%Italy's FTSE MIB +0.10%.As London/European traders look toward the...
Ontario expects the US to significantly lower auto tariffs – report
Barclays today highlighted that finished automobile exports are 5% of Mexico's GDP. Yet with 25% tariffs announced yesterday, the peso is only down 0.8% and it's still above when Trump was re-elected.The market thinks it's all a bluff.Now, Canada's Globe & Mail...
Ukraine Pres. Zelenskyy says Ukraine will give US evidence of Russia violating cease-fire
With tears taking center stage, the Russian/Ukraine war is more on the back burner once again. There was supposed to be a cease-fire at least on infrastructure/energy targets. Ukraine Pres. Zelenskyy is saying that is not the case:Ukraine will give US evidence of...
GBPUSD rally nears key 1.30139 resistance as buyers push trend to new 2025 highs
GBPUSD technicalsThe GBPUSD has been in a steady uptrend since bottoming at 1.20987 on January 13, a low that aligned closely with support levels from September and October 2024 (see red circle on the daily chart). Since then, the pair has continued to step higher,...
Is Trump the Biggest Danger to U.S. Financial Stability?
For years, warnings about the dollar's impending collapse have centered on two major concerns: the rapid rise in U.S. public debt, which is growing by $3.65 trillion a year, and the soaring costs of servicing that debt.If we take a closer look, the figures are indeed...
EURUSD rebounds from 200-day MA as buyers eye break of 100 hour MA and target at 1.0818
EURUSD technicalsPSabThe EURUSD opened the day trading down to new lows going back to March 5. Concerns about Trumps auto tariffs sent the pair lower. However, the price bounced from a key confluence of support that included the 38.2% retracement of the recent upswing...
What is really expected by the market for reciprocal tariffs: 5 ways to look at it
If find some of the discourse around tariffs to be downright funny.You have some supposedly-smart people saying they think tariffs will be 'lower-than-expected' and then you ask them what is expected and they have no idea, they don't even have a concept of an idea....
Tesla (TSLA) reclaims 200-hour MA as rebound continues, but risks remain
Tesla technicalsShares of Tesla are sharply in trading today. Shares are currently up $19 or 6.99% of $291. The high price has reached $291.85 while the low price was down at $271.82. Technically, the share price is showing bullish momentum after holding key support...
Auto sector accelerates: Tesla surges as semiconductor stocks lag
Stock heatmap by FinViz.com Thu, 27 Mar 2025 14:46:06 GMTSector OverviewThe automotive manufacturing sector is exemplifying strong movement today, with Tesla (TSLA) leading the charge at an impressive +4.10%. This solid rise reflects investor optimism and potential...
NZDUSD price coiled between major moving averages as traders eye breakout
NZDUSD is currently trapped in a tight range, ping-ponging between key moving averages as traders await a decisive breakout. The 200 bar MA on the 4-hour chart at 0.57113 is acting as support, while the 200 hour MA at 0.57618 caps the upside.In between lies a...