Technical Analysis

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

The EUR/USD began the U.S. session with a break above the 200-hour moving average at 1.05203, signaling bullish momentum. The rally pushed the price through the 38.2% retracement level at 1.05628, but it quickly pulled back, dipping below yesterday’s high of 1.0544. However, the decline found support above the 200-hour moving average, allowing the pair

The Reserve Bank of New Zealand (RBNZ) is set to announce its interest rate decision in the upcoming trading session, with expectations leaning toward a 50 basis point rate cut, lowering the benchmark rate from 4.75% to 4.25%. The NZD/USD pair has been in a steady downtrend since late September, driven by expectations of further

The USD/CAD gapped lower over the weekend following news that Scott Bessent would be named Treasury Secretary under Trump. However, the initial decline lacked follow-through, and the pair resumed its upward momentum. Key Levels Tested The price rebounded above the August 2024 high at 1.39458 and the 2022 high at 1.39785, signaling bullish intent. Momentum

The price of gold is down over $80 and 3.00% which would rival one of the largest declines seen in the commodity this year. The decline today, comes after five straight days of gains last week. Geopolitical risks have decreased with the chatter of a cease-fire between Israel and Lebanon. The price of gold is

Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged due to the lack of catalysts at three rate cuts by the end of 2025. This morning, we saw some strong bids in the greenback entirely due to the weak Eurozone PMIs as

The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break

The EUR/USD pair continued its downward trend today, extending a week-long selloff as bearish momentum carried the price through key technical levels. Weak European flash PMI data and concerns from ECB officials over growth and inflation pressured the euro, while stronger-than-expected US PMI data (offset slightly by weaker University of Michigan data) provided support for

The major European indices are closing the day higher despite what was weak flash European PMI data for both manufacturing and service. The final numbers are showing: German DAX +0.89% France’s CAC +0.58% UK’s FTSE 100 +1.38% Spain’s Ibex +0.39% Italy’s FTSE MIB +0.60% For the trading week indices are mixed with France and Italy

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.