Technical Analysis

Fundamental Overview The US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons to price out the remaining rate cuts for 2025. In fact, despite lots of strong

The USDCAD moved higher in the Asian-Pacific session today and in the process got within 3 pips of the 2024 high at 1.4177 and the highest level going back to May 2020. Finding sellers against that level increases that level importance today and going forward. Getting above that level might be more difficult with the

The USD/CHF pair moved higher during the Asian-Pacific session, briefly breaking above a key swing area between 0.8794 and 0.87995 (rounded to 0.8800). The high of the day reached 0.88035 before reversing to the downside. The failure to sustain momentum above 0.8800 triggered a move lower, with the price retesting the 200-bar moving average on

The GBPUSD moved higher yesterday helped by the USD selling but once the price stretched to the 50% midpoint of the November trading range, the buyers started to shift to sellers and the price wandered lower into the close. That level comes in at 1.27669. The high price going back to mid-November was just above

Fundamental Overview Nothing has changed in terms of the fundamentals this week as the market awaits the US NFP and the US CPI data. The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out

Fundamental Overview The Russell 2000 has been underperforming the other major indices recently and failed to extend into new highs. The conditions for a strong rally into new all-time highs remain in place though. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing

Fundamental Overview The S&P 500 managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might

Fundamental Overview The Nasdaq managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might even

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Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US data

Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US data

The NZDUSD sellers pushed the pair lower on Monday but reached a swing area from the daily chart near 0.5848 and 0.5859. The low came in near 0.5862 and the price bounced higher. IN the trading today, the price has once again moved lower and for the 2nd day in a row stretched toward the

Fundamental Overview The US Dollar continues to pull back from the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US

Fundamental Overview We continue to see a pullback in the US Dollar as the market kind of reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of

Fundamental Overview The Russell 2000 has been outperforming the other major indices recently as there’s much more value compared to the S&P 500 or the Nasdaq. The market is now looking forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market

Fundamental Overview The S&P 500 is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed

Fundamental Overview The Nasdaq is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed is

Fundamental Overview We continue to see a pullback in the US Dollar as the market kind of reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of