NZDUSD technicalsNZDUSD is rebounding strongly today after a false break to the downside in yesterday’s session. The pair briefly dipped to a new low for 2025—and a fresh low going back to October 2022—but the move failed to find follow-through selling. That failure...
Offshore Chinese yuan cracks major level to hit the weakest on record
In each of the past three years, the US dollar peaked at 7.37 against the yuan, or just below that. That level has now given way and the pair has touched a fractional record high.Have a look at the monthly chart:USD/CNH monthlyThis could turn into a problem for risk...
Goldman Sachs: We’re making a major shift in our USD view, EUR/USD forecasts hiked
Goldman Sachs has pivoted its stance on the US dollar, now expecting the first-quarter weakness to not only persist but intensify throughout the year. As a result, the bank has sharply revised its EUR/USD forecasts higher, signaling a broader structural shift in FX...
AUDUSD recovery stalls into key resistance zone
AUDUSD rebounds. Looks to the Jan and Feb lowsAfter plunging to new lows this week, AUDUSD has staged a sharp rebound, but the recovery is now testing a key resistance area defined by prior swing levels and retracement targets. Yesterday’s high extended to the January...
Canada March Ivey PMI 51.3 vs 55.3 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,...
Hassett: Getting ready to present a plan to Trump on who and when for tariff talks
Kevin HassettWe are prioritizing Japan and South Korea on tariff talksThis comment from Hasset on Fox News suggests that they will impose the reciprocal tariffs and then start negotiations. I don't think the market will like that.It fits in with what Trump said...
German Economic Institute cuts 2025 GDP growth forecast to +0.1% from +0.8% in September
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 sellers lean on the 100-hour MA as downside bias builds
USDCHF on the hourly chart. 100 hour stalls the rallyAfter trading within a well-defined red-box range (between 0.8758 and 0.8850) through much of March (see chart above), USDCHF sellers took firm control last week, pushing the price sharply lower and breaking...
Trump touts call with South Korea’s Acting President, says he’s waiting for China call
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,...
Market Update: Trident Digital Tech Holdings, Tesla Experience Notable Market Activity
The stock market has recently witnessed significant movements among key players in the technology and healthcare sectors. This release provides an overview of the latest trading activity and developments for Trident Digital Tech Holdings Ltd. (TDTH), Tesla, Inc....
USDCAD tests swing area support
USDCAD technicalsYesterday, USDCAD moved higher, testing a cluster of key moving averages, including the 100-day MA and the 100-bar MA on the 4-hour chart. Sellers leaned into those levels, capping the upside and pushing the pair back lower. Those two MA are near...
US 10-year yields rise to the highs of the month
US 10 year yields hourlyIn my first post of the week, I warned about the potential for Treasury yields to rise:The spot I'm watching is bonds. US 10-year yields fell as low as 2.88% at the weekly open but have since run to 3.98%. I don't think that's a view on the...
JPMorgan now expects four consecutive ECB 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,...
The USD is lower vs the major currencies to start the day. What are the technicals saying?
The USD is lower vs all the major currency pairs to start the US session. The biggest move is vs the AUD and USD where risk on flow have helped to push those currency pairs up around 1%. The gains came despite tensions with US/China. China vowed to "resolutely take...
Forexlive European FX news wrap: Hope is in the air but the deadline nears
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 Bessent: Tariff negotiations are the result of massive inbound calls, not markets
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,...
As markets stabilise, so do the rate cuts expectations
Rate cuts by year-endFed: 96 bps (61% probability of no change at the upcoming meeting) ECB: 77 bps (93% probability of rate cut at the upcoming meeting) BoE: 75 bps (94% probability of rate cut at the upcoming meeting) BoC: 76 bps (66% probability of rate cut at the...
UK’s Reeves: Our first priority is not to create more trade barriers, but to reduce them
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 Nagel: Global growth prospects have deteriorated massively
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 500’s Recent Downtrend – A Short-Lived Correction or a Long-Term Trend?
Something happened to the US Stock market that hasn’t occurred since June of 2022, and before that in March 2020 the federal reserve’s GDP forecast turned negative for the first time in 3 years. Why does that matter? Because that is the model used by the Fed to model...