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
Technical Analysis
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
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 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
Fundamental Overview The US Dollar fell across the board in the final part of last week for two main reasons. 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
The NASDAQ index has moved back above the 20,000 level reaching a high of 20,006.26. The last time the price was above 20,000 was back on February 24. The high price that day reached 20,118.61 before rotating lower and closing below the 20,000 level at 19,954.30. At the same time, the S&P is back above
USDCHF technicals The USDCHF is experiencing a sharp decline for the second consecutive day. Despite Swiss CPI inflation coming in lower than expected at -0.1% MoM and 0.4% YoY, while US CPI and PPI showed stronger inflation, the pair has moved lower instead of higher—suggesting that other factors, such as geopolitical risks, political developments, and
USDCAD technicals The USDCAD broke lower this week after two failed upside breakouts in the previous weeks, which briefly pushed the pair beyond the “Red Box” range between 1.4260 and 1.4466 on tariff-related news. Unlike those sharp but unsustained rallies, this week’s move lower has been more measured, with a steady decline following the break
The US dollar is continuing its run to the downside. Th slide in yields continue to support the dollar selling. The 10 year yield is now down -5.1 basis points at 4.474%. The USD is the weakest vs the NZD with the greenback falling -0.86%. The dollar is moving down -0.74% vs the AUD as
Retail sales missed expectations across the board, signaling a weak start to the year. Headline retail sales fell -0.9% (vs. -0.1% expected), while the control group declined -0.8% (vs. +0.3% expected). Although there were minor upward revisions to the prior month, the overall data was disappointing. Factors such as California wildfires, adverse weather, tariffs, and
Above is the kickstart forex video where I take a look at the technicals driving the three major currency pairs- the EURUSD, USDJPY and GBPUSD. Each pair is seeing a lower USD after declines yesterday. Below is a snapshot of the changes of the major currency pairs: The run lower in the USD was partially
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
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
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
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
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,
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
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
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).
Fundamental Overview The USD has been stronger since last Friday 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
Post-Earnings Setup for MCD McDonald’s (NYSE: MCD) reported earnings on February 10th before the market opened, and the options market had priced in a 3.7% expected move. However, the actual reaction was stronger, with the stock jumping approximately 4.8%. So far, MCD is holding onto its gains, signaling strength and making it an attractive buy
The USDCAD is trading to a new session low despite the threat of 25% tariffs on all steel and aluminum imports. Last week, Pres. Trump announced that they would impose a tariff of 25% on Mexico and Canada, but then gave a 30 day reprieve if they shored up the border. Each country pledged manpower
Fundamental Overview Last week, copper had a great performance following the easing in trade war fears. In fact, we tariffs on Canada, Mexico and China weighed on the market initially but as we got the pause in tariffs for Canada and Mexico following positive talks, the market bounced back strongly. The positive sentiment continued throughout
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