The Nasdaq 100 futures (NQ) have been on an impressive five-month bullish run, posting consecutive gains and reaching new highs. However, a closer look at order flow dynamics suggests that momentum may be slowing down, raising the question: Is a pullback on the...
Market Outlook for the Week of 10th – 14th February
Monday starts slow, with no significant economic data scheduled for the FX market. On Tuesday, Australia will release the Westpac Consumer Sentiment and NAB Business Confidence data. Fed Chair Powell is set to testify on the Semi-Annual Monetary Policy Report before...
ECB’s de Guindos: It is very important to avoid a trade war
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,...
Gold Technical Analysis – Tariffs are back on the menu
Fundamental OverviewGold jumped to yet another all-time high today following renewed tariffs fears. In fact, over the weekend, Trump talked about imposing a 25% tariff on steel and aluminium on all countries on Monday and that he will announce reciprocal tariffs on...
European indices open a little higher to start the week
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,...
EU is ready to push the trigger in response to Trump, says French foreign minister
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,...
Can gold extend its winning streak to seven weeks?
Gold (XAU/USD) daily chartThe threat of a trade war, escalating geopolitical tensions, and just the right amount of uncertainty has been a good recipe for gold to surge higher since the turn of the year. In January, the challenge was about staying above the 100-day...
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FX option expiries for 10 February 10am New York cut
There are a couple to take note of on the board for today, as highlighted in bold.The first ones are for EUR/USD at the 1.0300 and 1.0350 levels. The pair opened with a gap lower today amid a stronger dollar from tariff fears, again. But we're seeing price action...
Forexlive Asia-pacific FX news wrap: Trump banging on the tariff drum again
MarketsGold up $16 to $2876US 10-year yields flat at 4.48%WTI crude oil up 40-cents to $71.40S&P 500 futures up 17 pointsNikkei 225 up 0.1%USD leads, CAD lagsFor a moment there, I thought we might have a quiet start to the week for the first time in awhile.Of...
Russia throws cold water on peace talks
AI imageSo much for that.Lately there has been some buzz that Russia and Ukraine were headed towards peace talks. There was some detail to go with the talk too as Easter was floated as a deadline and JD Vance is supposedly headed to Germany this week to lay out some...
Hong Kong stocks continue to roll
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 says it’s time to get rid of the penny
This is a straight win and should have been done long ago. We did it in Canada a decade ago and prices are rounded up or down to the nearest nickel if you're paying cash. If you pay by card, you pay the exact price. No one misses pennies here and it's the same in...
Here is a tailwind for Monday markets
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Trump floats the idea that some Treasury debt isn’t valid
I don't even know whether to address this one because the details are so thin but I expect we will hear more about it.“There could be a problem, we’ve been reading about that, with Treasuries,” Trump told reporters Sunday on Air Force One.“That could be an interesting...
China may target US tech firms as a trade war strategy
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,...
Politico report indicates that Republican deficit hawks are beginning to dig in
Politco reports on the latest state of play as Republicans try to use a razor-thin majority in the House to cobble together a plan to deliver on Trump's tax agenda.They highlight a fight between the bill writers and budget hawks led by Chip Roy.The report says that...
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There is an intensifying price war in the Chinese automotive market
Capitalism is working as intended in the Chinese automotive market.A surge of competitors into the country is leading to intense competition that's driving down prices and/or boosting incentives. CNBC today writes about the flurry of companies offer 0% interest loans...
Japanese 10-year yields rise to a fresh high since 2011
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,...