Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core
Month: February 2025
Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core
Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core
West Texas Intermediate (WTI) Oil price advances on Friday, according to FXStreet data. WTI trades at $71.47 per barrel, up from Thursday’s close at $71.26.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $74.92 price posted on Thursday, and trading at $75.21. WTI Oil FAQs WTI Oil is a type of Crude
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
Japan’s Economy Minister Ryosei Akazawa said on Friday that the authorities will respond appropriately to US reciprocal tariffs. Akazawa further stated that the weak Japanese Yen (JPY) has a variety of impacts on Japan’s real economy Market reaction At the press time, the USD/JPY pair is up 0.20% on the day to trade at 153.05. Japanese Yen FAQs The Japanese
Citi Research on how a resolution to the Russia-Ukraine conflict could influence global oil markets. The firm indicates that shorter oil tanker routes following a resolution would ease market tightness, adding to the impact of any supply returning from the region. Improved logistics could lower transportation costs and enhance crude delivery efficiency. Citi projects Brent
AUDUSD is pushing the upper limit The AUDUSD is pushing the upper limit – well breaking through as I type . The next target comes in at 0.6331. Admittedly, the price has been in a volatile up and down range over the last 7 or so days. The low of the range comes in at
Trump decides to go ahead with the Memorandum to introduce recipricol tariff plan. The USD moved higher and then it moved back down. The US stocks dipped a little and then rebounded. The US yields moved around as well but is now trading at session lows. The 10 year is down -11.5 basis points. In
Changelly, an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. To celebrate these achievements, the platform is launching a Valentine’s-themed promo campaign offering zero-fee trades and a chance to win 1,000 USDT. 40% Growth in Crypto Assets Coverage This growth in supported assets provides
EUR/USD rises to 1.0385 on Thursday, confirming a breakout above the 20-day SMA. A sustained move above 1.0400 could further strengthen bullish sentiment, while the 20-day SMA now acts as support. EUR/USD continued its recovery on Thursday, inching up to 1.0385 and reinforcing its breakout above the 20-day Simple Moving Average (SMA). After several failed
Canadian Tire is a retailing giant in Canada with several banners that offer some insight into the health of the consumer. The company reported earnings today and it painted a picture of a sluggish consumer. Same store sales at the flagship store up 1.1% vs +2.9% consensus In Q4 essential items up 4.2% but discretionary
ThinkMarkets, a globally recognized leader in multi-asset online trading, is celebrating 15 years of serving traders worldwide. For over a decade, the broker has provided traders in more than 165 countries with a premium trading experience, combining best-in-class charting, execution, and a multi-asset trading product mix into one offering. To mark this milestone, ThinkMarkets is
Fundamental Overview The Nasdaq sold off yesterday following the higher than expected US CPI report. Stocks didn’t extend to new lows though as the market was aware of the “January-effect” and therefore didn’t put much weight on this particular release. What weigh more on the market were the positive headlines on the reciprocal tariffs as
West Texas Intermediate (WTI) Oil price falls on Thursday, according to FXStreet data. WTI trades at $70.55 per barrel, down from Wednesday’s close at $71.16. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $74.29 after its previous daily close at $74.89. WTI Oil FAQs WTI Oil is a type of Crude
The US CPI report yesterday was a hotter one but again, it could perhaps owe a bit to seasonality as warned. In any case, all it served was to reaffirm Fed chair Powell’s stance during his testimony this week that the Fed will be pausing on rate cuts for the time being. Traders had already
WTI attracts some sellers to around $71.10 in Thursday’s early Asian session. Trump called Putin and Zelenskiy to discuss ending the war in Ukraine. US crude oil stockpiles climbed by 4.07 million barrels last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.10 during the early Asian session on Thursday.
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 USDJPY stretched to a swing high of 154.79. Earlier today in a post, I wrote: The next key target lies in the 154.77–154.967 zone, where the 50% midpoint of the 2025 trading range sits at 154.897. This level, situated within the swing area (see red numbered circles), could act as a resistance zone where
The USD/CHF spiked higher following the CPI data, reaching an upside target near 0.9152 before fluctuating during Fed Chair comments. The subsequent pullback found support at a key swing area low of 0.9128, reinforcing the significance of this level. Holding above 0.9128 keeps the short-term bias bullish, with buyers maintaining control. A break below, however,
The US Dollar rallies on the back of strong January inflation numbers. Fed Chairman Jerome Powell heads into his second day at Capitol Hill. The US Dollar Index (DXY) shoots higher and heads to 108.50 in the CPI aftermath. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies,
AI image Today’s CPI report was hot and that’s driven big US dollar gains and a 1% drop in S&P 500 futures. Will that move extend? I don’t think it will. The talk about ‘residual seasonality’ in CPI is ramping up again and that’s fair as it seems to be the case. There are also
Fundamental Overview The USD got a short term boost recently as Trump floated reciprocal tariffs. That came after a good US NFP report where the data was mixed at best but still pointing to strength. The jump in average hourly earnings caught the eye but that might have been distorted by the drop in average
EUR/GBP could lose ground as the Trump administration is advancing a plan for reciprocal tariffs. The Eurozone faces the risk of reciprocal tariffs since it imposes a 10% duty on US automobile imports. The British Pound may struggle following dovish remarks from BoE’s Catherine Mann. EUR/GBP remains steady after losses in the previous session, hovering
US data is back on the agenda today and it doesn’t get bigger than the CPI report. The Fed is in pause mode due to uncertainty surrounding Trump’s policies. But any higher readings on price pressures will only add to the conundrum for the central bank in trying to hold out for a bit before
After a massive rally of over 19%, NVIDIA (NVDA) stock is at a crucial technical juncture. In this comprehensive technical analysis, we dive deep into the key chart patterns, pivot points, and potential scenarios using advanced technical tools—most notably, the modified Schiff pitchfork. A detailed video analysis is also embedded below for those who prefer
US President Donald’s trade adviser Peter Navarro said late Tuesday that Australia was “killing the aluminium market”, the day after Trump signed executive orders for import tariffs on some metals. Australia hopes to secure exemptions to the new taxes on steel and aluminium. Trump on Monday signed executive orders, which will see 25% taxes placed
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
Elon Musk’s net worth has dropped below $400 billion for the first time in two months, driven by a sharp decline in Tesla stock price. Tesla shares and options account for more than 60% of Musk’s wealth, which peaked at $486.4 billion on December 17 following Trump’s election. However, since then, the automaker’s stock has
The US stock have taken a turn to the downside with the NASDAQ index leading the way. The NASDAQ index is now down -0.64% at 19590. The low price just reached 19579.77. On the downside, the price of the NASDAQ is approaching its 200 hour moving average at 19569.54. (Green line on the chart below).
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