Technical Analysis

The USD/CHF pair, after trading within a range of 0.8400 to 0.8550 through late August and October, transitioned from consolidation into a trending phase. This shift began as prices broke through key levels in a step-by-step manner, marking the transition from non-trend to trend. Last week, the price moved above the 50% midpoint of the

The European data was yucky (if I can use a favorite word of my grandson). All the data from German GDP, to UK retail sales and flash services and manufacturing data missed the expectations. Only one, UK flash services PMI, was 50.0 or better and it came in right at 50.0. Below is summary of

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 NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859. That break failed and the price except back higher. In trading on Monday, the price fell back below that swing area for the second time, and for the second time the break failed. This time,

The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the GBPUSD). That helps to increase the MAs importance going forward

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 USD is tilting lower in the US session and that has the USDCAD and the USDCHF moving below a technical level increasing the bearish bias at least in the short term. For the USDCAD, the price has moved below the 200 hour MA at 1.3977 and also the 2022 high price at 1.3978. Breaking

Russia’s Kremlin said that the updated nuclear doctrine signed by Putin is a very important text. Putin warned that Russia reserves the right to use nuclear weapons in an event of aggression. The US gave Ukraine permission to use long-range US missiles inside of Russia in its war with nation. The comment helped to the

The AUDUSD – like other pairs vs the USD today – has moved sharply lower over the last 6 /7 trading days, over that period, the high price on November 7 reached 0.6687. The low price on Thursday last week reached 0.64402. At the high, the price stalled just ahead of the 100 day MA.

To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is mostly lower vs the NZD and the JPY today. In the US debt market yields are higher with the yield curve steepening: 2-year yield of 0.7 basis points 4.314% 5-year

It is a Buy BUT not yet. Let me explain. Meta Platforms, Inc. (META) remains one of the most popular and closely watched stocks on the market, known for its innovation and dominance in the tech space. But with META trading near its all-time highs earlier this year, many investors are asking: Is it time

Fundamental Overview Gold is pulling back a bit now after an almost 8% selloff since the US election day. The market didn’t react hawkishly after another hot US PPI report and an acknowledgement from Fed Chair Powell that they can proceed carefully on rate cuts. The market might be fine with just two rate cuts

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