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
Month: February 2025
The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback was mostly lower. The only currency that
The NZD/USD fell sharply on Monday, reaching its lowest level since October 2022, following tariff news. However, the pair rebounded after tariffs on Mexico and Canada were delayed by 30 days. The price spiked higher, retraced into a key swing area between 0.5581 and 0.5592, then bounced to extend even higher. On Wednesday, the pair
owe AUD/USD has experienced volatile price swings today, with the upside move testing a key swing area between 0.6287 and 0.6301—a zone where price highs have repeatedly stalled on Wednesday, Thursday, and Friday. A sustained break above this level is needed to strengthen the bullish bias. Conversely, if the pair remains below, focus shifts to
EURUSD: In the first minute of trading after the US jobs report, the EURUSD traded a range of 1.0362 up to 1.0411. Since then, the price moved to a low of 1.0348, and then bounced to a corrective high at 1.0376 and volatile trading. Of significance technically in that corrective move higher is that 200-hour
Freedom Holding Corp. (NASDAQ: FRHC), a U.S.- based financial services company, has announced its financial results for the quarter ended December 31, 2024. The holding company reported a 57% increase in total revenue, with revenues reaching $655.2 million compared to $418.6 million in the same quarter of 2023. Total assets increased to $9.1 billion from
Gold in the green ahead of US Jobs Report for January. Elevated expectations towards a weaker US Nonfarm Payrolls release this Friday. Gold has a new all-time high in reach if Nonfarm Payrolls comes in even lower than anticipated. Gold’s price (XAU/USD) is bracing for this Friday’s data release and has already moved higher ahead of the event. The
The U.S. jobs report will be released at 8:30 AM ET, with EUR/USD and GBP/USD trading between their 100- and 200-hour moving averages and near 50% retracement levels—technically a neutral stance. Markets await the report as a catalyst. A stronger-than-expected print (above 170K jobs, 4.1% unemployment) could trigger downside moves, while a weaker outcome may
Headlines: Markets: GBP leads, JPY lags on the day European equities mixed; S&P 500 futures flat US 10-year yields up 0.2 bps to 4.440% Gold up 0.3% to $2,864.49 WTI crude up 0.9% to $71.10 Bitcoin up 0.9% to $97,716 It was a quiet session this European morning and understandably so. The main event on
Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.
Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.
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Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.
EUR/GBP gains ground due to the increased likelihood of more BoE rate cuts in 2025. BoE’s Bailey signaled additional rate cuts with the market expecting two or three more cuts throughout the year. Trump described the trade imbalance between the US and the EU as an “atrocity,” insisting that tariffs “will definitely happen.” EUR/GBP continues
Data due on Sunday at 0130 GMT, which is 2030 US Eastern time on Saturday is expected to show Chinese inflation (CPI) barely stumbling along above deflationary territory: Deflation—when prices decline over time—can be harmful to an economy for several reasons: Delayed Spending and Investment – Consumers and businesses may postpone purchases and investments, expecting
NZD/USD dips on Thursday, settling at 0.5675 after testing key support. Sellers attempted to push the pair below the 20-day SMA near 0.5640 but failed. The NZD/USD pair softened on Thursday, edging 0.21% lower to 0.5675, but managed to hold above its 20-day Simple Moving Average (SMA). Bears attempted to break below the key support around
Consensus estimate +170K Estimate range +60K to +250K December was +256K Private consensus +141K versus +223K prior Unemployment rate consensus estimate 4.1% versus 4.1% prior Prior unrounded unemployment rate 4.0855% Prior participation rate 62.5% Prior underemployment U6 7.5% Avg hourly earnings y/y exp +3.8% versus +3.9% prior Avg hourly earnings m/m exp +0.3% versus +0.3%
Technical analysis is filled with numbers, patterns, and sequences that traders rely on for identifying trends, reversals, and breakouts. But among these, one number stands out repeatedly: 20. From moving averages to Donchian Channels, Bollinger Bands, and even the way market participants perceive support and resistance, the number 20 plays a crucial role in price
Strong trends are Fast Directional, and Tend to go farther than what traders expect. Shares of Meta are exhibiting a strong upward trend, currently working on their 14th consecutive day of gains, marking a record for the stock. While this remarkable streak might suggest overbought conditions, recent trading action indicates a breakout above the upper
German Factory Orders data for December rose a solid 6.9% in the month, versus expectations for a 2.0% gain, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR slips lower on the day “This data series has been choppy in the past few months and orders for Q4 overall were flat. Still, the late year
Fraktion, an end-to-end solution dedicated to tokenization and fractionalization of real-world assets (RWAs), has successfully raised €1.1 million in seed round funding from strategic investors, including Cabrit Capital, Tezos Foundation, Vox Capital, and renowned business angels such as Olivier Huby (ex-MFEX), Andréa Bensaïd (Eskimoz) or Guillaume Mayot (Lukeion). Fraktion launched on the Tezos blockchain in
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 Middle East Blockchain Awards (MEBA) returns for its second year after the success of its inaugural edition, with Dubai selected as the host city. The ceremony will take place at the iconic Jumeirah Burj Al Arab on April 29, coinciding with the TOKEN2049 conference. The event will unite industry leaders, innovators, and visionaries to
Fundamental Overview This week has been all about tariffs. On Monday we opened with a big gap lower as Trump followed through with his tariffs threats and imposed them on Canada, Mexico and China over the weekend. As it’s been the case for previous tariffs actions though, the market started to cautiously fade the reaction
The Australian Dollar depreciates after the release of lower-than-expected Trade Balance data. Australia’s trade surplus fell to 5,085M in December, the smallest balance since last September. The US Dollar faced challenges as the ISM Services PMI eased in January. The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data
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
Ethereum price today: $2,760 Ethereum researcher Justin Drake noted that the upcoming Pectra upgrade will improve the ETH burn mechanism by scaling its data availability capacity. QCP analysts warn that the crypto market may still be vulnerable to negative price shocks. Ethereum needs to recover the $3,000 psychological level to resume an uptrend. Ethereum (ETH)
Costco technicals Costco shares are trading at a new record high of $1,041.57, with the next target being a topside channel trendline near $1,047. A break above this level could turn the trendline into support, opening the door for further upside potential. Looking back, on January 14, the price bounced off a key trendline, signaling
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 AUD/USD is pushing to new highs, with the price now entering a key swing area target between 0.6287 and 0.63016 (see renumbered circles on the chart below). A sustained move above this range could pave the way for a rally toward the January high of 0.63310. On the downside, immediate support is seen at