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...
The US consumer continues to hold up
US consumer confidence is plunging but spending isn't.The latest spending data from Bank of America shows overall spending up year-over-year despite an 8-9% decline in gasoline prices. There are some worrisome signs with spending on lodging, airlines and entertainment...
Nasdaq index analysis: key technical levels and trends to watch
NASDAQ technicalsThe NASDAQ index has opened lower, but is seeing a modest bounce in early trading. The price action reflects the the ongoing tug-of-war between buyers and sellers.Monday's Gap Higher: The index saw a notable gap higher on Monday, with prices moving up...
US February pending home sales +2.0% vs +1.0% expected
Prior was -4.6%Year over year transactions -3.6% vs -5.2% priorIndex at 72.0 vs 70.6 prior (was at a series low)"Despite the modest monthly increase, contract signings remain well below normal historical levels," said NAR Chief Economist Lawrence Yun. "A meaningful...
Sheinbaum: We are going to give a response to US tariffs after April 2
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,...
White House: Some of the tariff numbers will be more conservative than 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,...
USDCAD rebounds after failed bearish break as tariff risks add upside pressure
USDCAD technicalsThe sellers in USDCAD had their opportunity on the break below the bottom of the Red Box consolidation zone at 1.4268 and the 100-day moving average at 1.4260. However, the bearish push failed to gather momentum, with price holding just above the...
Learn to Invest: Don’t Overreact to Headlines — The Market Has a Short Memory
Why most news doesn’t matter as much as it feels — and how to stay focused on what actually moves markets over time."If you react to every headline, you’ll miss the story."Short-term memoryMost News Doesn’t Matter — Even If It Feels UrgentHeadlines grab attention....
ECB’s de Guindos We are optimistic with regard to 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,...
USDCHF stalls at key 0.8848 resistance as sellers hold the line
USDCHF technicalsUSDCHF remains confined within a well-defined consolidation range between 0.8795 and 0.8848. The 0.8848 level is a strong ceiling after repeatedly capping upside attempts, as indicated by multiple touches (marked 1 through 8). Those highs, highlight...
US Q4 final GDP +2.4% vs +2.3% 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,...
US initial jobless claims 224K vs 225K estimate
The Initial claims are steady and in the middle of the rangePrior week 223K revised to 225Kinitial does claims.224K vs 225K estimate4 week moving average of initial jobless claims 224K vs 228.75K last week. The 4 week MA is the same as the number for the...
US February advanced goods trade balance -$147.391 billion vs -$155.5 billion 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,...
US February advance wholesale inventories +0.3% vs +0.4% 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 EURUSD and the GBPUSD are higher to start the new day. The USDJPY is also higher
The EURUSD and the GBPUSD are higher after initial dips after the auto tariff announcement by Pres. Trump early in the new trading day, did not find follow through selling. For the EURUSD, it ran into some key support. The post from yesterday highlighted that key...
Eyes on US initial jobess claims and US trade balance numbers at the bottom of the hour
The world is struggling to understand whatever tariff strategy the US is trying to roll out and so far taking it in stride. If the economy starts to roll over, that will change in a hurry.One early indication will come from initial jobless claims and there is a risk...