Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to
As the trading day nears its close, USDCHF is testing the lower boundary of its multi-week trading range, which has been in place since mid-December. On the 4-hour chart, the pair formed a double top at the January high two weeks ago before reversing lower. Last week, the price found buyers at range support (0.8965
Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would
Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would
The USDJPY moved sharply lower yesterday, testing the high of a key swing area between 149.08 and 149.39, with the low reaching 149.39. In the Asian session, the price dipped further to 149.27, pushing deeper into the swing area and testing the 50% retracement level of the move from the September 2024 low to the
The EURUSD fell to the week’s lows on Wednesday, testing the 200-hour moving average (MA) and the 38.2% retracement of the February trading range. Support held, leading to a bounce higher. On Thursday, the price extended its recovery, moving back above the 100-hour MA, which had previously acted as resistance on Wednesday before the drop.
The USDCAD began the week near its lowest level since mid-December. After an early rebound, the pair moved above the falling 100-hour moving average (blue line) on Wednesday, extending gains toward the 200-hour moving average (green line) on both Wednesday and Thursday. However, sellers defended the 200-hour MA, leading to a decline alongside broader USD
The USDCHF started the week with an upward move, peaking on Wednesday, before reversing lower through Wednesday and Thursday. Friday’s price action has been choppy, with no clear directional momentum. From a technical perspective, the key takeaway is that the weekly lows have consistently found support buyers within the 0.8965 – 0.8975 swing area. This
The GBPUSD spent the first half of the week trading choppily around the 38.2% retracement of the September high to January low at 1.26076, reflecting market indecision. On Wednesday, after a move lower, buyers stepped in just ahead of the 1.25499 swing high from two weeks ago, pushing the pair back above the 38.2% retracement
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 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
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
UMich 5 year inflation expectations Did people really think Donald Trump was going to lower grocery prices? For all the thinking and analyzing people do about the election, there was one party that oversaw a spike in inflation and Donald Trump who said he was going to lower prices on Day 1. Of course, there’s
Canada is at the nexus of several major trends that will unfold in the second half of the decade. It’s a big challenge but it’s also a huge opportunity that could unlock a geographically-gifted country that’s trading at a discount. Things I’m watching: 1) Tariffs I’ve long said that I think they’re a bluff. That
Pres. Trump is saying that is Isreal’s Netanyahu is “not torn” about the way forward in Gaza war. He “wants to go in” Asked if he prefers the 2nd phase of hostage release or go after Hamas, Trump said “I can go either way” Yesterday Hamas returned the remains of 2 children and a mother.
The US yields are trading at session lows with the 10-year yield now down -6.8 basis points. The 2 year is down -3.8 basis points. The fall in yields is being impacted by lower stocks (flight to safety) as Univ of Michigan consumer sentiment fell while inflation expectations moved higher. That is not a good
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
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
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