Author: FX

Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets settle in for the weekend and gear up for the long wait for significant data. Fresh figure prints aren’t due until the back half of next week, and the pair is hanging onto the top half of the week’s chart action. Next week sees US Gross Domestic Product (GDP) on Wednesday, followed by German Retail Sales and German Consumer Price…

Share: Gold price surges, buoyed by a decline in US Treasury yields and optimistic market conditions. Risk-on mood prevails, yet Gold attracts investors, defying typical safe-haven asset trends. Market sentiment adjusts to Fed’s cautious stance with expectations of significant rate easing by year-end. Gold price resumes its weekly uptrend on Friday and is set to finish the week in the green, taking advantage of the fall in US Treasury bond yields amid quiet news flows. Federal Reserve officials continued to cross the wires, led by New York Fed President John Williams, who aligned with his colleagues’ recent comments.…

Share: EUR/JPY finishes week with a 0.66% gain, reflecting persistent JPY softness against a backdrop of economic data. Technical analysis shows YTD high at 163.21, with support and resistance levels indicating potential upward momentum. Key technical levels outlined for potential reversals or further advances in the EUR/JPY pair’s trajectory. The EUR/JPY wraps up Friday session with losses of 0.02% but is set to finish the week with 0.66% gains, courtesy of overall Japanese Yen (JPY) weakness, as economic data doesn’t justify the Bank of Japan (BoJ) finishing negative interest rates. At the time of writing, the cross exchanges…

Share: Dow Jones Industrial Average held onto Friday’s gains. Nvidia shares pushed higher on Friday before falling back. S&P 500 touched new all-time highs above 5,100 before ending close to flat. The S&P 500 (SPX) index was broadly unchanged to close the session at 5,088.8. The Dow Jones (DJIA) climbed 0.16% to end at 39,131.53, while the Nasdaq (IXIC) lost 0.28% to finish at 15,996.82. What to know after the Friday close The Technology Sector started off the day as the best-performing major S&P 500 sector on Friday, rising nearly 1% before falling back to end the day…

Markets:Gold up $12 to $2035US 10-year yields down 6.7 bps to 4.51%S&P 500 up 2 points to 5088WTI crude oil down $2.06 to $76.55AUD leads, CAD lagsFriday’s US economic calendar was completely bare and if you look at the closing levels in FX, there is hardly any movement to be seen. But under the surface it wasn’t so quiet as we saw some strong USD selling in Europe that was countered in early North American trade before markets chopped sideways late.It wasn’t clear what was driving any of the moves today, aside from oil selling on Gaza ceasefire hopes. Equities…

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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Share: Mexican Peso drops, reflecting concerns over Mexico’s economic performance and potential Banxico rate cuts. Recent Mexican data shows inflation decline, GDP slowdown and significant drop in Retail Sales. Banxico minutes hint at possible easing in March with a shift toward a less hawkish monetary policy stance. Mexican Peso loses steam for the second straight day against the US Dollar as market sentiment has shifted negatively. The Mexican currency is headed to end the week with losses after economic data witnessed inflation edging lower, the Gross Domestic Product (GDP) decelerating, and Retail Sales plummeting. At the time 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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Most asset classes moved to the beat of their own drums, as correlations and overall market sentiment appeared to be in flux this week. Various appearances from major central bank officials highlighted the divergences between policy biases, while inflation figures and mixed global PMI results also pointed to potential shifts down the line. Missed out on these moves? Here’s a quick rundown of what you need to know. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to…

Share: USD/JPY dips but retains gains for the week with a slight 0.17% increase, hinting at a bullish undertone. Technical outlook suggests neutrality with an upward bias, positioned above the Ichimoku Cloud. Resistance and support levels outlined for potential bullish continuation or pullback scenarios. The USD/JPY retreats, after hitting weekly highs of 150.77, aim back below the 150.50 figure late in the North American session. The major exchanges hands at 150.44, down 0.05%, but set to finish the week with gains of 0.17%. From a technical perspective, the pair is neutral to upward biased, remaining well positioned above…