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 remains confined but above key support
EURUSD technicalsThe EURUSD surged to its highest level since February 2022 on Friday, reaching a peak of 1.1473. That high came up just short of the key resistance zone between 1.1482 and 1.1516—a swing area that capped gains in early 2022. After failing to break...
Pres. Trump: Will do tariffs on imported pharmaceuticals
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,...
Nasdaq goes negative
The market went into the weekend with considerable optimism about progress between China and the USA but what unfolded was:A dropping of tariffs on everyone regarding electronicsA White House reminder that 20% fentanyl tariffs remained on Chinese electronicsLutnick...
Gains and US indices are eroding. NASDAQ index now back below its 100 hour MA and negative
Nasdaq technicalsThe NASDAQ index gap higher and in doing so gapped above its 100 hour moving average (blue line on the chart above). The high price extended to 17136.55. That was short of the high price from last Wednesday at 17202. It was also short of a swing level...
Copper snaps back higher after sharp fall last week stalled at a swing area
It wasn’t long ago—back on March 26—that copper surged to a new all-time high of $5.37 (see post here). Since that peak, however, the price has come under heavy pressure, falling by -25% and bottoming at $4.03 on April 6. A modest bounce followed, but a subsequent...
NY Fed March one-year inflation expectations rise to 3.6% from 3.1%
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,...
Tech sector rallies: Apple and Google lead the charge in a green market
Stock heatmap by FinViz.com Mon, 14 Apr 2025 14:46:13 GMTSector OverviewToday's stock market heatmap reveals a robust performance across multiple sectors, with technology leading the way. Key players in the tech space, such as Apple (AAPL) and Google (GOOG), are...
China’s Xi calls on China and Vietnam to jointly oppose unilateral bullying
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 tweets on Ukraine war, says it needs to be stopped quickly
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 at risk of “doing it again” — another failure at the 100-day MA?
The AUDUSD is once again flirting with its 100-day moving average, currently near 0.62917, and the risk is that history repeats. The last two breaks above this key technical level failed to hold, both stalling at 0.6390 before rotating back lower. Today’s attempt...
The USDCAD fell below 200 day MA on Friday. First break below since October 2024
USDCAD technicalsThe USDCAD broke below its 200-day moving average last Friday—a key technical development that marked the first sustained move under that level since October 7, 2024. The bearish break sparked increased downside momentum, driving the pair through...
USD/JPY is 180 pips above the 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,...
The USDCHF broke to new lows going back to 2011 and turned a floor into a ceiling
The USDCHF broke to its lowest level since 2011 last week, falling beneath a critical long-term support zone between 0.8333 and 0.8373. This multi-year floor had held through several tests over the past decade+, but once it gave way, sellers took control and drove the...
US port import volumes set to plunge as tariffs bite
Could US port traffic really crash this year?The latest Global Port Tracker report from the National Retail Federation and Hackett Associates is subject to whatever tariff regime rules the day but it's a useful view on how long it will take for tariff effects to truly...
OPEC lows its demand growth forecast this year
oil dailyOil is green today, which has been a rare occurrence in April. WTI crude oil is up 83-cents to $62.33 as broad sentiment improves on hopes for a phone call between Trump and Xi.OPEC hasn't wasted any time downgrading its economic view today as it cut its...
Canada February wholesale trade +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,...
Investor Education: Bond Ratings.
If you're just starting out as an investor, bonds might seem straightforward—but understanding how bonds are rated can help you avoid unnecessary risk and make smarter investing decisions. This article covers what bond ratings are, why they matter to you, and how...
The USD is lower vs the major currencies to start the new trading week
The USD is lower to start the new trading week as the market continue to be whipped around by on again/off again tariffs. The video above will look at the 3 major currency pairs from a technical perspective and outline the bias, risk and target levels for today and...
White House’s Hassett: We’re making enormous progress on tariff talks with EU
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,...