NZDUSD buyers are trying. 100 day MA looms above.NZDUSD is extending higher today, though still short of Monday’s highs at 0.5740. The high reached 0.5737. Technical signals suggest buyers are maintaining control. On the 4-hour chart, the pair found support at the...
US sells 10-year notes 4.310% vs 4.315% WI
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 set to sell $39 billion in 10-year notes
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,...
European equity close: The market takes the new tariffs in stride, at least so far
The White House hit Europe with steel and aluminum tariffs today and the EU responded with a batch of worth 26 billion euros. Trump has talked about further retaliation today and is touting European cars as a possible target on April 2.Despite all that, European...
Trump says he will respond to counter EU counter-tariffs
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,...
GBPUSD price action analysis: Bullish momentum is in intact above key levels
GBPUSD technicalsGBPUSD price action has been choppy this week, fluctuating above and below the 61.8% retracement of the September 2024 decline, which sits at 1.2922. In today’s session, price action continued to test this level, trading both above and below it during...
Trump reiterates that reciprocal tariffs are coming
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,...
Octa Broker’s Analysis: Could Silver Outshine Gold as the Top Investment in 2025?
Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025. The metal is rising in global investment portfolios, providing stiff competition to gold's long reign over commodity markets. Kar Yong Ang, a...
New LLM model from Google could undermine the case for computer chips
Earlier today Google announced a new large language model that will compete with ChatGPT, DeepSeek and others. It highlights a trend of huge efficiency gains that will require fewer computer chips to do the same thing as prior models.It's called Gemma 3 and is really...
Trading higher is hard to do. S&P index trading lower on the day
The gains from the CPI data are starting to be eroded. The S&P index is now trading in negative territory. The NASDAQ index is still higher by 0.37% or 67 points but was up 364 points at session highs. The Dow industrial average was up 288 points at session highs....
The USDCHF buyers are making a play from a technical perspective
USDCHF technicalsUSDCHF dropped following softer US CPI data, breaking below the 200-day MA at 0.8816 but found support within the0.8792 - 0.87995 swing area, with the low print at 0.8799 (see red numbered circles on the chart above). The inability to sustain the...
Bank of Canada’s Macklem: We will do as much as we can to help adjust to tariffs
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,...
Auto manufacturers surge while tech exhibits mixed signals
Stock heatmap by FinViz.com Wed, 12 Mar 2025 14:46:10 GMTSector Overview: Green Lights for Auto ManufacturersToday's market heatmap reveals a bullish trend within the auto manufacturing sector. Leading the charge is Tesla (TSLA), posting an impressive gain of 6.85%....
EIA weekly US crude oil inventories +1448K vs +2001K expected
Prior was -2332KGasoline -5737K vs -1882K expectedDistillates -1559K vs -757K expectedRefinery utilization -0.6% vs +0.4% expectedPrivate oil data released late yesterday:Crude +4247KGasoline -4560KDistillates +421KAhead of the report, WTI crude oil was trading higher...
Canada finance minister: Early review of USMCA not on Canada’s agenda
Dominic LeblancA statement yesterday from Ontario Premier Doug Ford talked about an early review of the USMCA trade deal but today the finance minister said that won't be on the agenda for Thursday's meeting with the US Commerce Secretary.Canada's finance minister...
Sellers in the EURUSD are trying to take short term control. Get below 1.0872 eyed.
EURUSD technicals. Sellers trying to take control in STThe EURUSD tried to move higher (lower USD) after the tamer US CPI data. However, the price high stalled at resistance swing area within the key 1.0936 - 1.0954, a historically significant level where prior highs...
Canada to announce more than $20 billion in retaliatory tariffs due to metals
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,...
Canadian Businesses’ and households’ reactions to trade conflict
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 full statement from the March 2025 Bank of Canada
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened...
Bank of Canada lowers rates by 25 basis points, as 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,...