Technical Analysis

Fundamental Overview The US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025

Fundamental Overview The US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025

Fundamental Overview The S&P 500 rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is

Fundamental Overview The Nasdaq rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is tightening

The EURUSD fell to new low in 2024 and low going back to October 2023 in trading yesterday. The low price reached to 1.0495. That low got within 12 pips of the low swing area target at 1.0483 (see red circles on the chart above). The price rebounded into the close with the pair moving

Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically

The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen renewed selling pressure as the pair failed to hold above

Fundamental Overview The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of days into a potentially hot US CPI report

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

Is Google Stock a Buy or Sell? Hello, this is Itai Levitan at ForexLive.com. Today, I’m analyzing whether Google stock (Alphabet Inc.) is a buy or sell, and my take may surprise you. Unlike many who are looking to buy now, I’m approaching this with a lot more patience. In this update, I’ll walk you

More records are reached today: Dow industrial average closes over 44,000 for the first time ever S&P index closes above the 6000 level the first time ever NASDAQ index closes at a new record level as well For the Russell 2000 it lasts record close was back on November 8, 2021 at 2442.21. The index

Fundamental Overview The price action in copper remains choppy as the market continues to question Chinese economic growth and stimulus. On the other hand, we have also Trump’s victory and fears of a trade war. Copper has been tightly correlated to the Chinese stock market in recent years which just shows the strong dependence of

The NZDUSD this week found support at the last swing low going back to August 6 at 0.5912, before ignitiing a run to the September high at 0.63778. The subsequent high reached yesterday, extended to another key area. The swing area at 0.60313 to 0.60443 stalled the rally (see red numbered circles). So buyers did

The AUDUSD price action this week was up and down. The close from a week ago was at 0.6558. The current price is at 0.6562. Not a lot of change at the current level. However, in between, the price moved higher into the election. It moved lower with the dollar buying through the election. It

The USDCAD remained (for the most part) this week in a range between 1.38337 on the downside and 1.3958 on the topside. The topside is defined by the high from last Friday and the high from the US election buying. Both those highs took out the August high at 1.3945. Both of those levels are

The USDCHF moved lower to start the trading week but found willing sellers near a key swing area between 0.86078 and 0.8619. The low held on Tuesday ahead of the election results. Those results sent the pair moving sharply higher. The run higher, extended back above the 100-day MA at 0.8667. It moved above 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

Fundamental Overview The US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle earlier than expected. We can argue that the market was already