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 Schnabel: Uncertainty in trade has risen dramatically
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,...
Geopolitics: Netanyahu says intense fighting will resume if hostages are not returned
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,...
Stocks have taken a turn back to the downside
The US stock have taken a turn to the downside with the NASDAQ index leading the way. The NASDAQ index is now down -0.64% at 19590. The low price just reached 19579.77.On the downside, the price of the NASDAQ is approaching its 200 hour moving average at 19569.54....
Trump sends Bessent to Ukraine, says the war must end soon
It's odd to send the Treasury Secretary rather than the Secretary of State to end a war but Trump seems to be angling towards some kind of rare earths deal, even though most of the rare earths are in the part of Ukraine that Russia has already won.In any case, here is...
EURUSD and GBPUSD both test the 100/200 hour MAs. Key technical level for both pairs.
The EURUSD is trading at new session highs and in the process has extended to the falling 100 and 200 hour moving averages. Both those moving averages come in near 1.03504. The level becomes a risk-defining level for traders. What that means is that sellers can lean...
Bank of Canada appoints Michelle Alexopoulos to governing council
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 has seen up and down trading today. The price is testing swing area resistance.
The AUDUSD began the week with choppy, up-and-down price action, fluctuating around the rising 100-hour moving average at 0.62759. In both the Asian and European sessions, the pair attempted to break below this level but failed to sustain downside momentum. Each dip...
Powell Q&A: Don’t see any reason to be in a hurry to lower rates
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 rallies towards key resistance swing area.
The USD/CHF continues its upward momentum in the U.S. session, reaching a key swing area between 0.9128 and 0.91368. A decisive break above this level could open the door for a move toward the 2025 highs, with resistance near 0.9200, a level tested in both January...
Federal Reserve Chair Powell signaled banking regulations might be due for reassessment
Federal Reserve Chair Jerome Powell just hinted at possible changes in how banks are regulated, and that could have big implications for crypto traders and investors.What Did Powell Say?Powell acknowledged that banking regulations might be too harsh, especially for...
Powell: We do not need to be in a hurry to adjust policy
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 and semiconductor stocks retreat, Apple bucks the trend with gains
Stock heatmap by FinViz.com Tue, 11 Feb 2025 14:46:11 GMTSector OverviewThe US stock market is displaying a mixed bag today, with notable declines in the technology and semiconductor sectors, while consumer electronics sees positive movements. Let's delve into the...
GBPUSD surges towards key moving averages
.GBPUSD technicalsThe GBPUSD has continued its upward momentum in early U.S. trading, breaking above the key swing area between 1.2351 and 1.2375. The pair is now pushing past the 1.2400 level, setting its sights on yesterday’s high of 1.24214.This resistance zone...
More from Hammack: Rate hike is not my base case
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 tariffs on China could be paused if “serious headway” is made on fentanyl – report
The WSJ reports, citing 'a US administration official' that US 10% tariffs on China 'could be paused' if "serious headway" is made on fentanyl when Trump and Xi next speak.The pair were supposed to speak last week but the call was delayed and hasn't been rescheduled....
Exploring the New PU Prime Website: A Fresh Look for a Prime Experience
PU Prime has unveiled its newly redesigned website, offering an intuitive, seamless, and dynamic experience for both traders and investors. This upgrade focuses on more than just a fresh look, emphasizing enhanced accessibility and improved navigation across PU...
Why it matters if Republicans use the one-bill or two-bill approach
Yesterday, influential Senator Lindsey Graham said that the 'reality' is that the US needs border, immigration and military funding now because "the money is drying up". That led to him to call for an immediate bill on that and a later one on tax reform.In the House,...
The USDCAD moved lower (higher CAD) despite tariffs on Canada steel. Technicals in play.
President Trump officially announced a 25% tariff on all steel and aluminum imports into the U.S., despite granting a 30-day reprieve for Canadian exports last week. Canada, a major exporter of these metals to the U.S., is directly impacted. Trump also talked of...
Euro vs. USD: Pros and Cons
As of February 11, 2025, the EUR/USD exchange rate of just shy of 1.032 with quite tight EURUSD spreads according to Bybit is shaped by a mix of economic trends, policy decisions, and global events. Some forces support a stronger euro, while others pull it lower...