The USDCAD has experienced significant volatility over the past five trading days, largely driven by uncertainty surrounding tariffs. Last week, the price broke higher, moving outside the "red box" range that had confined trading since December 17. This breakout was...
Fed’s Barkin: Not hearing CEOs talk about recession
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’s Lane: Disinflation process remains well on track
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,...
Treasury refunding announcement shows most auction sizes unchanged for several quarters
Total refunding of $125B to raise $18.8B in new cash and refund $106.2B in securities$58 billion in 3s$42 billion in 10s$25 billion in 30sStatementAll the numbers are unchanged and that was expected.The Treasury said there would be 'greater than normal' bill issuance...
Canada December trade balace +0.71B vs +0.75B 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,...
US international trade deficit for December $-98.4B vs $-96.6 billion
Prior month $-78.2 billion revised to $-78.9 billionUS international trade deficit for December $-98.4 billion versus $-96.6 billion estimate. The 2nd largest trade deficit going back to 1992. Goods trade balance $-122.01 billion versus $-122.11 billion preliminary....
US January ADP employment +183K vs +150K expected
Prior was +122K (revised to +176K)Goods producing -6KService providing +190KPay gains for job stayers 4.7% vs 4.6% priorPay growth for job changers 6.8% vs 7.1% prior“We had a strong start to 2025 but it masked a dichotomy in the labor market,” said Nela Richardson,...
In the kickstart video for Feb 5 the USD is lower as US traders enter the fray for the day
In the kickstart video above, I take a technical look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD. The greenback is falling vs each led by declines of over 1% vs the JPY. The USD is lower vs all the major currencies. US yields are lower. Stocks are...
Fed’s Barkin: Baseline data has been favourable
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,...
Forexlive European FX news wrap: The USD extends decline as trade war fears dissipate
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,...
Ethereum Futures Today by TradeCompass
Current Market Position for ETH FuturesEthereum Futures is trading at $2,813 at the time of this analysis. Unlike typical TradeCompass strategies, where we turn bullish above a specific threshold and bearish below another, today’s approach involves fading the...
US MBA mortgage applications w.e. 31 January +2.2% vs -2.0% prior
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,...
ThinkMarkets wins ‘Newcomer of the Year 2024’ at TradingView Awards
ThinkMarkets, a leading online trading provider, recently announced that it received an award from TradingView for ‘Newcomer of the Year 2024’.The annual TradingView awards aim to recognize integrated brokers on its platform that are at the forefront of global online...
The US Dollar remains under pressure as trade war fears continue to ease
It's another negative European session for the greenback as the market continues to sell off the US Dollar due to the easing in trade war fears. Trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took...
Japanese Yen Today
Overview: Japanese Yen Today & A Potential Short SetupThe Japanese Yen futures have seen an upside move recently, but this analysis suggests a potential short opportunity to fade that strength. 📉 While this is not a typical TradeCompass setup (because we do not...
Eurozone December PPI 0.4% vs 0.5% m/m 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,...
UK January final services PMI 50.8 vs 51.2 prelim
Final Services PMI 50.8 vs 51.2 expected and 51.1 prior.Final Composite PMI 50.6 vs 50.9 expected and 50.4 prior.Key Findings:Renewed downturn in order books Marginal output growth in January Fastest reduction in employment for four yearsComment:Tim Moore, Economics...
Eurozone January final services PMI 51.3 vs 51.4 prelim
Final Services PMI 51.3 vs. 51.4 expected and 51.6 prior.Final Composite PMI 50.2 vs. 50.2 expected and 49.6 prior.Key findings:HCOB Eurozone Composite PMI Output Index at 50.2 (Dec: 49.6). 5-month high. HCOB Eurozone Services PMI Business Activity Index at 51.3 (Dec:...
Germany January final services PMI 52.5 vs 52.5 prelim
Final Services PMI 52.5 vs. 52.5 expected and 51.2 prior.Final Composite PMI 50.5 vs. 50.1 expected and 48.0 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 52.5 (Dec: 51.2). 6-month high. HCOB Germany Composite PMI Output Index at 50.5 (Dec:...
France January final services PMI 48.2 vs 48.9 prelim
Final Services PMI 48.2 vs. 48.9 expected and 49.3 prior.Final Composite PMI 47.6 vs. 48.3 expected and 47.5 prior.Key findings:Activity levels fall at slightly faster rate as demand weakness persists Prices charged lowered for first time since April 2021 Employment...