XAG/USD slips to $31.13, with downside risks growing Silver fails to hold above $33.00, triggering consolidation and selling pressure. Price tests 100-day SMA at $31.20; next key support at 50-day SMA of $30.89. Break below $30.89 could expose 200-day SMA at $30.47 and January low of $29.70. Silver ended the week on a lower note,
Month: February 2025
USD/JPY needs to clear 150.93 to invalidate the broader downtrend. Key resistance at 151.00 and Senkou Span A at 151.50. Failure to hold 150.00 could push the pair toward 148.57 support. The USD/JPY rallied for the third straight day after bottoming near 148.60 on Tuesday. It gained over 0.54% and traded back above the 150.00
Markets: Gold down $23 to $2852 US 10-year yields down 7.7 bps to 4.21% WTI crude oil down 36-cents to $70.00 S&P 500 up 1.2% USD leads, NZD lags Every day is an adventure so far in 2025. This one had it all. We started out with some economic data that highlighted a benign inflation
Bitcoin Cash price pushed past the $300 level on Friday as CME Group’s move to list SOL ETFs sparked bullish sentiment across select altcoins. BCH’s latest price surge on Friday comes amid major declines in BTC, ETH and XRP prices. Amid bearish macroeconomic trends, Bitcoin Cash miners have sold 170,000 BCH in the final week
Taking its cue from the book “It can’t get any worse?”, the US stock market is closing higher despite the Trump vs Zelenskiy brouhaha in the Oval Office. Despite the rebound, the broader S&P and Nasdaq indices are closing lower for the 2nd consecutive week. The final nmbers for the day are showing: Dow industrial
EURUSD technicals The EURUSD fell after comments from Trump (and the U.S.), suggesting Ukraine—and by extension, the EU—may have to fend for themselves if peace is not reached through compromise rather than victory. That did not sit well with Zelenskiy who see Russia as the aggressor and wants guaranteed security from the US. Trump does
Claudia Sheinbaum I think this is a big tell on the North American front. Bloomberg reports that Mexico is open to new tariffs on China to avoid Trump duties. I don’t think anyone really believed this was all about fentanyl, given Trump’s words. Now we get some confirmation of that with the aim shifting towards
Yesterday, the NASDAQ fell outside a consolidated range going back to November. I wrote about it in this post here: In that post, I outlined the 200-day MA as a key target (see yellow box) saying “A hold above this level could slow the selloff”. . Today, the price got within sniffing distance of that
The AUD/USD has been trending lower this week, steadily breaking through key support levels. Yesterday, the pair fell below the 50% retracement level and tested a key swing level at 0.62348. Today, the price has continued its decline, breaking below the 61.8% retracement at 0.62097 before moving past the next target zone between 0.6196 and
USDCAD technicals The USD/CAD continued its upward momentum yesterday, breaking above a key swing level at 1.4366 before pushing through the 38.2% retracement of the February high-to-low decline at 1.4395. This move signaled renewed buying interest, propelling the pair to a new corrective high of 1.4452 before sellers emerged. That high pushed the price into
The Pound Sterling turns flat against the US Dollar as US core PCE inflation cools on year in January. US President Trump proposes an additional 10% tariffs on China. The BoE is expected to follow a moderate policy-easing cycle. The Pound Sterling (GBP) trades flat to near 1.2600 against the US Dollar (USD) in Friday’s North
S&P 500 futures +0.4% Nasdaq futures +0.4% Dow futures +0.3% Trump’s tariffs threat ruined the script in trading yesterday but there was already a sense it wouldn’t take much to tear it apart anyway. US stocks have almost declined in every day this week, following what was mostly better starts. Even on Wednesday where tech
Fundamental Overview The S&P 500 extended the selloff yesterday following fresh Trump’s tariffs threats and especially additional 10% tariffs on China. The market has been under pressure ever since last Friday when we got the weak US Flash Services PMI and later the jump to a new 30-year high in long term inflation expectations in
EUR/USD trades in negative territory near 1.0390 in Friday’s Asian session, losing 0.16% on the day. The threat of escalating tariffs drags the Euro lower against the US Dollar. Fed officials signaled interest rates likely on hold for a while. The EUR/USD pair remains under selling pressure near 1.0390 during the Asian trading hours on
Manufacturing and service are both expected to improve over January. manufacturing is expected to move into expansion. Looking at recent history: Manufacturing PMI: July 2024: The manufacturing PMI stood at 49.4, a slight decrease of 0.1 from June, indicating a marginal contraction in manufacturing activity. August 2024: The index declined further to 49.1, suggesting a
Due on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the Bureau of Economic Analysis (BEA) and is
Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his voice to a procession of Fedspeakers on Thursday, highlighting that inflation progress has “slowed”. Policymakers from the Fed are scrambling to pre-soften markets in advance of this week’s upcoming Personal Consumption Expenditures Price Index (PCEPI) inflation print, which is most likely headed for an
The major indices close lower in trading here today with the NASDAQ index getting hammered and having its worst trading day since January 27 (DeepSeek day). The NASDAQ index is now down -3.97% on the year. A snapshot of the closing levels shows: Dow industrial average -193.62 points or -0.45% at 43239.50. S&P index -94.49
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 AUDUSD is down nearly 0.9% today, marking its largest decline of 2025 and the steepest drop since December 18, 2024. The initial move lower stalled at the 38.2% retracement of February’s trading range (0.6285), where buyers attempted to provide support. However, after a brief bounce, selling pressure intensified following President Trump’s confirmation that 25%
Not long ago, the media seemed to be in tune, running stories about how Elon Musk’s Tesla was one of the biggest beneficiaries of Donald Trump’s victory in the U.S. presidential election. Initially, this sentiment appeared to be true: Tesla stock rose a staggering 90% between November 5 and mid-December, despite the lack of compelling
US’ GDP grew at an annual rate of 2.3% in the fourth quarter of 2024. The US Dollar Index stays in positive territory above 106.50. The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States’ Gross Domestic Product (GDP) expanded at an annual rate of 2.3% in the fourth quarter. This
Headlines: Markets: USD and CAD lead, JPY lags on the day European equities lower; S&P 500 futures up 0.6% US 10-year yields up 5.5 bps to 4.303% Gold down 1.0% to $2,887.82 WTI crude up 1.1% to $69.35 Bitcoin up 2.3% to $86,465 We’re still in that month-end trading phase and it’s tough to scrutinise
PU Prime has been recognized Best Multi-Asset Broker – MEA 2025 at a ceremony held at the Dubai World Trade Centre. The award was presented at the close of the first day of iFX EXPO Dubai 2025, one of the leading events in the financial services industry. Organized by Ultimate Fintech, the awards recognize companies
Fundamental Overview The USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich final Consumer Sentiment and this a weak US Consumer Confidence report on
XRP has witnessed heavy losses since the beginning of the week, dropping nearly 15% as the crypto market stretches its losses. Ripple community members continue to expect an end to the SEC’s multi-year lawsuit as the agency closes another investigation. XRP could hold the support near $2.18, aiming for a bounce to tackle a descending
The US dollar is firm pretty across the major FX board, with the uncertainty over tariffs widely cited as keeping riskier trades out of the spotlight. Cable is no exception, trading heavily during Asia time A report earlier isn’t helping. The Confederation of British Industry’s quarterly survey of services firms showed that profitability among business
AUD/JPY posts a second consecutive decline, hovering near its lowest levels since mid-September. RSI trends lower, approaching oversold territory, reinforcing bearish sentiment. MACD histogram prints rising red bars, signaling accelerating downward momentum. The AUD/JPY pair extended its losses on Wednesday, marking a two-day losing streak as sellers maintained their grip on the market. The cross
The AUDUSD is down for the third time in four trading days after peaking near the falling 100-day moving average at 0.6407. Today’s decline has been volatile, with initial support holding near a key swing area between 0.6287 and 0.6301. However, after an attempted rebound, sellers quickly regained control. The bounce saw the pair rise
AI image President Biden gave Venezuela something of an olive branch in an effort to get free elections but it hasn’t gone to plan and now Trump says he’s ending it. He also cited that Venezuela isn’t taking back illegal immigrants. The deal had eased sanctions on oil, gas and gold but a portion of
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