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Technical Analysis
The AUDUSD moved higher yesterday as the USD weakened, bringing the pair within 5 pips of the 38.2% retracement level from the September 2024 high. Just above that, the falling 100-day moving average (MA) also acted as resistance. Sellers leaned into these levels, leading to a technical rotation lower. As the session progressed, US equity
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
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
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
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
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
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
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
Fundamental Overview Gold jumped to yet another all-time high today following renewed tariffs fears. In fact, over the weekend, Trump talked about imposing a 25% tariff on steel and aluminium on all countries on Monday and that he will announce reciprocal tariffs on Tuesday or Wednesday. This is giving gold a boost not only from
Fundamental Overview Crude oil eventually fell below the key 72.00 support zone and kept the bearish trend intact. The bulls will now need to see the price rising back above that level to regain some conviction. The latest moves came from the tariffs fears at the beginning of last week which gave the crude oil
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
Euro traders are closely watching EUR/USD futures (6E), now trading at 1.035 as order flow data reveals a shift in market momentum. While the Euro initially saw bullish attempts, renewed selling pressure has started to take control, raising questions about whether the market is preparing for a pullback or continuation lower. Euro Futures Order Flow
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
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
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