Dow Jones drops over 1.40% to 43,980 as investor sentiment weakens. The US Dollar Index retreats below 106.90 after Trump hints at a potential trade deal with China. US Initial Jobless Claims miss estimates, raising concerns about labor market resilience. St. Louis Fed warns of inflation risks, while Atlanta Fed’s Bostic sees room for two
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
FBS, a leading global broker, has released an in-depth analysis of how artificial intelligence (AI) is reshaping the trading landscape. The report highlights AI’s growing role in improving efficiency, accuracy, and data-driven decision making. AI Reshaping Trading Strategies According to FBS analysts, one of the most significant developments is the rise of AI-powered trading assistants.
Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would
Gold has already a fresh all-time high at around $2,955 on Thursday morning. US President Donald Trump mentioned a trade deal with China could be done. If US yields drop off further, several more all-time highs in Gold could be foreseen. Gold’s price (XAU/USD) is stretching further its bullish momentum on Thursday while US yields are
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY. The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged the
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The price of Palantir is trading down $-15 or -12% at $109.48 after Pres. Trump ordered the Pentagon to cut budget by 8%. The price of Palantir reached a new all-time high of $125.41 in trading today before rotating to the downside. You can argue that the software that Palantir provides might be what the
The S&P and NASDAQ indices are positive on the day and trading near session highs. S&P index is up 14.15 points or 0.23% at 6143.79. Yesterday index closed at a record high. Anything positive today would be a another record high NASDAQ index is up 40 points or 0.20% at 20081 The Dow industrial average
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps Fed rate cut in March. The Minutes of the United States (US) Federal Reserve’s (Fed)
The U.S. President’s whirlwind blitz through the bureaucracy, economic policy and geopolitical affairs isn’t slowing down. Trump threatened potential tariffs of around 25% on automobile, semiconductor and pharmaceutical imports. This development added to an already fragile market outlook this week, amid cautious optimism for an end to the conflict in Ukraine — a topic Trump
The US dollar is mixed as the North American traders enter for the day. In the video above, I outline for traders the technical levels that are in play for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The USD is higher versus the EUR and the GBP, but lower vs the
Gold rallies higher for a third straight day in a row and hits a new all-time high on Wednesday. Overnight, US President Donald Trump lashed out at Ukraine and committed again to several tariffs. Technically, Tuesday’s daily close above $2,910 worked, boosting the Gold price to a fresh all-time high. Gold’s price (XAU/USD) extends this
CoiniGo, with its Holistic Growth Mindset, is enhancing the way businesses accept crypto payments. They don’t just recognize the potential of industry influencers and leaders—they empower them. That’s why they have launched a high-reward Referral Program, allowing partners to earn up to $10,000 for every successful crypto payment integration. By helping businesses unlock seamless transactions,
Eurostoxx flat Germany DAX +0.1% France CAC 40 -0.1% UK FTSE -0.1% Spain IBEX -0.1% Italy FTSE MIB +0.4% US futures are also little changed, keeping marginally higher by 0.1% on the day. It’s been a slower last few sessions, as traders are settling down for a bit of a respite after the more turbulent
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr explains the interest rate cut decision at a press conference following the February monetary policy meeting on Wednesday. Orr is taking questions from the media. Key quotes OCR path projects 50 bps by mid this year, around July. In two 25 bps steps. Economy has significant
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone. Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The USD is mostly higher vs the major currencies with market focus on ongoing meetings between U.S. officials and Russian counterparts to discuss a resolution to the Russia-Ukraine conflict. However, the absence of Ukraine and European representatives raises doubts about potential progress. The dollar is stronger by 0.27% vs the EUR, and 0.22% vs the
The Canadian Consumer Price Index is seen increasing 1.8% YoY in January. The Bank of Canada reduced its interest rate by 25 basis points in January. The Canadian Dollar maintains the area of yearly highs vs. the US Dollar. This Tuesday, Statistics Canada will unveil its latest inflation report for January, based on data from
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
DOGE shifts focus toward the SEC as crypto investors expect the examination to reveal abuse in its case against Ripple. SEC could pause its appeal against Judge Analisa Torres ruling of XRP retail sales not constituting securities. XRP could decline to $2.24 if it fails to bounce off the $2.55 support and recover $2.72. Ripple’s XRP
I posted yesterday on Xi speaking but details were sparse. Xinhua has since reported on Xi’s speech, really pumping up its importance. Link is here for the full worship piece: In brief: Xi Jinping called for promoting the healthy and high-quality development of China’s private sector. Highlighted the private sector’s broad prospects and potential in
The Reserve Bank of Australia (RBA) is set to cut interest rates for the first time in four years when it announces its decision later today at 10:30 PM ET. The benchmark rate has remained at 4.35% for 10 consecutive meetings, and with inflation easing, the RBA is now positioned to begin a rate-cutting cycle.
Trade Compass – NASDAQ Futures (February 17, 2025, and perhaps for this week, depending on how NQ price develops… Check out these key price levels on the map) NASDAQ Futures is currently trading at 22,230, sitting just slightly below today’s VWAP, which is around 22,233. At this moment, the market is neutral, and Trade Compass
USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving
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