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: XI will be coming “in the not too distant future”
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,...
Credit Agricole: Three reasons USD downside is likely limited near-term
DXY dailyCredit Agricole sees limited further downside for the USD, as the recent sell-off has lost momentum. The bank highlights three key reasons why the USD is unlikely to weaken significantly in the near term: (1) the Trump trade unwinding is largely complete, (2)...
The Nasdaq (and S&P) index is running from the 50 hour MA. 100 hour MA looms to topside.
But the broader S&P and NASDAQ indices are trading to new session high with the S&P now up 1.04% while the NASDAQ index is up 0.87%. The Dow industrial average is also higher in trades up 1.14%.Looking at the hourly chart of the S&P index, the price moved...
Trump is considering recognizing Crimea as Russian territory – 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,...
S&P 500 extends gain to 1% as the rebound continues
SPX dailyIt's tough to pin down exactly what is driving the bid in equity markets today but the S&P 500 has extended the gain to 54 points, or 1.0%. It follows a 117 point gain on Friday.The AI momentum and meme trade isn't exactly driving it with both Nvidia and...
White House reiterates that reciprocal tariffs will go into effect on 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,...
USD/CAD falls through 1.43 but domestic concerns beginning to mount
USD/CAD dailyIf you look at the last three big spikes on the USD/CAD chart, they tell a story. The climbs to 1.48, 1.4550 and 1.4500 came on tariffs, tariffs and more tariffs. They represent the height of tariff fears around USMCA.The subtext is what I think is...
The Importance of Patience in Trading
Trading is simple: wait for the right moment, then take action. You have to make a certain amount of profit while following strict rules about risk. It's like being a sniper rather than shooting randomly – you wait for the perfect shot.Many new traders think more...
European equity close: Good start to the week despite AfD turmoil
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,...
USDJPY seller in control: Resistance at 149.22 key for buyers and sellers today
USDJPY technicalsThe USDJPY is facing key resistance levels as it attempts to recover from recent declines. The pair retested the 100-bar moving average on the 4-hour chart at 148.85, along with the 50% retracement level of the September 2024 low to recent highs at...
Atlanta Fed GDPNow Q1 estimate -2.1% vs -1.6% prior
The Atlanta Fed Q1 GDP tracker was lowered to -2.1% from -1.6% in the latest update.After this morning’s retail sales release, the nowcast for first-quarter real personal consumption expenditures growth declined from 1.1 percent to 0.4 percent.A week ago, the Atlanta...
Trump. “Houthi mobsters”/Iran…your attacks will be met with great force
Not much from tariffs today, but geopolitical risks are increased after the U.S. over the weekendd conducted military strikes on Houthi-controlled areas in Yemen, killing at least 53 people, after the group threatened to resume attacks on shipping in the Red Sea. The...
NZDUSD continues its trend higher after breaking above 100 day MA
NZDUSD technicalsThe NZDUSD moved above its 100-day MA on Friday after trending higher. Today - after some consolidation at the start of the day - the trend higher has continued. The pair is up 1.15% which makes it the biggest mover of the major currency pairs (vs the...
2025’s Top Five Tech Stocks So Far
February saw a sharp selloff in tech stocks, catalyzed by chipmaker Nvidia, whose stock was battered after DeepSeek – the Chinese startup – released their new AI chatbot. When AI enthusiasm then waned, the tech sector suffered overall, and this was exacerbated by the...
Australian dollar hits a three-week high without any help from the old ‘risk trade’
There was a time (most of the last two decades) when if we saw the S&P 500 fall 10%, the Australian dollar would be straight down with it. However the US tariff war has unleashed something different in markets and we're seeing AUD holding up in the storm.To be...
ForexRova Brings Personalization to Gold Trading with Multi-Strategy
Avenix Fzco has introduced ForexRova, an advanced Expert Advisor (EA) designed to enhance gold trading through a personalized, multi-strategy approach. Unlike traditional trading bots with rigid parameters, ForexRova adapts in real-time, dynamically shifting between...
EURUSD extends to new highs for the day. Buyers stretching toward highs from last week.
EURUSD 4-hour chart technicalsThe EURUSD continues to show bullish momentum after finding support near 1.08725, a key swing area (see red numbered levels on the 4-hour chart above) in trading today. The pair also based in the early US session off the 100-hour MA at...
FXDyno’s AI-Powered Wave Trading Set to Redefine Gold Trading
FXDyno, an advanced wave-based trading system, has been introduced to enhance gold trading with precision and speed. By analyzing wave strength, duration, and trajectory, the system identifies trading opportunities in real time, adapting to gold’s dynamic price...
Morgan Stanley: What to expect from this week’s FOMC and BOJ meetings
AI imageMorgan Stanley expects both the Fed and the BoJ to stay on hold at their March meetings. The FOMC will maintain its policy rate, with Powell likely reiterating a patient stance on rate cuts. However, the Fed’s perception of downside growth risks is expected to...