Author: FX

US equities pulled back modestly midweek, but the broader picture for investors remains one of a strong year nearing its conclusion. The S&P 500 slipped about 0.2% on Wednesday, matching declines in the Nasdaq Composite, while the Dow Jones Industrial Average fell roughly 0.5%. The market is on a mild three-session losing streak, yet the losses have done little to dent what has been an impressive annual performance. The S&P 500 is on track for a gain of roughly 17% in 2025, its third consecutive double-digit advance, while the Nasdaq has climbed about 21% on the back of sustained enthusiasm…

Pound Sterling edges lower against US Dollar in final stretch to 2025The Pound Sterling (GBP) trades broadly higher against its major peers in European trading hours on the last day of 2025. The British currency remains upbeat on market expectations that it will continue to outperform in 2026 amid hopes that there will be fewer interest rate cuts by the Bank of England (BoE) compared to other central banks. Read More…GBP/USD Price Forecast: Tests 1.3450 support after moving below nine-day EMAGBP/USD remains subdued for the second consecutive day, trading around 1.3460 during the Asian hours on Wednesday. The technical analysis…

Under Armour, Inc (UA) hasn’t had it easy lately, sliding more than 18% since August and drifting dangerously close to its all-time lows. However, Tuesday’s action changed the narrative. The stock surged 8.59%, and the driver wasn’t just a random bounce—it was fueled by a massive 15.6-million share purchase by high-profile Canadian investor Prem Watsa.This heavy-hitting buy has pushed UA into a potential near-term breakout scenario. Looking at the weekly chart, the price has just poked its head above a long-term declining trendline at $4.89 that stretches all the way back to May 2020. This is a significant technical milestone,…

Article Highlights Parabolic Rally Meets Consolidation: Up 111% YTD from $30s to $80 peak in December. Now pulled back 11%. Williams %R shows cooling from overbought extremes. Critical Support Zone in Focus: $68-$72 area anchored by 20 SMA at $68.14. Break below targets 50 SMA at $56. Hold above keeps bull structure intact for retest of $80. Strong Moving Average Structure Despite Pullback: Price remains 33% above 200 SMA confirming uptrend. Pullback occurring on declining volume suggests profit-taking, not distribution. Multiple rejections at $72-$75 resistance create short-term ceiling. Rocket Lab (RKLB) is trading around $70-71, consolidating below its mid-December record…

SoftBank Group Corp (SFTBF) just delivered one of those chart patterns that makes even experienced analysts do a double-take. After spending years grinding along in relative obscurity, this Japanese tech conglomerate’s stock exploded from $18 to nearly $45 in a matter of weeks—then promptly gave back a third of those gains. The question every trader’s asking right now: was that spike the beginning of something bigger, or just another false dawn?Let’s examine what’s happening here. For the better part of three years, SFTBF carved out a wide, messy base between $10 and $20. That zone around $18.49 became the floor—a…

The euro is proof that once something in financial markets becomes overly hated, it doesn’t take much to lift it.The common currency was the top G10 currency in 2025, rising 13.3% against the US dollar. It was closely followed by the Swiss franc with the Australian dollar and British pound in third and fourth place, respectively, gaining about 7.5% each. The US dollar was the worst performer.Part of the key for the euro was a dismal starting point. It ended 2024 at 1.02, which was the worst since a brief period in 2022 and the worst-ever annual close. That came…

Sector OverviewThe latest stock market heatmap paints a mixed picture for investors, with differing fortunes across various sectors. Technology and healthcare present a standout contrast, marking today’s dynamic landscape.📈 Semiconductors Surge: Nvidia (NVDA) shines bright, up 1.23%, leading a mild rally in semiconductor stocks such as AMD (+0.49%) and Intel (+0.54%). This uptick follows recent bullish reports on demand for AI chips, giving investors a reason to cheer.📉 Communication Services Slide: Google (GOOGL) is down 0.46%, reflecting broader concerns in the digital ad market. META (META) also slips by 0.32%, suggesting cautious investor sentiment.🏦 Financials Find Balance: The financial sector…

Prior was 214K (revised to 215K)Continuing claims 1.866M vs 1.923M priorThe claims numbers over the holidays are highly volatile and subject to large seasonal revisions so they’re poor numbers to index from.initial jobless claims, weeklyThe drop over a number of weeks is notable though and is tracking towards the bottom end of this range again. Next week’s data will also be highly-subject to holiday seasonality but in early January, watch the numbers.The US government shutdown made this a tough report to read through but it’s tough to see where the Federal Reserve is seeing weakening in the US jobs market…

The US Dollar Index (DXY) remains marginally higher in a quiet year-end session on Wednesday. Still, the Index has given away most of the daily gains, after peaking at 98.44, and trades near 98.25 heading into the US session opening.The DXY, which measures the value of the greenback against a basket of six currencies, is trading about 2% below November’s peak, at 100.40, and on track to a nearly 10% yearly depreciation, its weakest performance in the last eight years.The US Dollar has been one of the weakest G8 performers in 2025Investors’ concerns about the impact of US President Donald…

EUR/USD loses ground for the sixth consecutive day on Wednesday, trading below 1.1730 after peaking above 1.1800 last week. The pair struggles amid a moderate US Dollar (USD) rebound following the release of December’s Federal Reserve Monetary Policy Meeting minutes.From a wider perspective, however, the common currency remains on track to a 14% yearly appreciation, boosted by the monetary policy divergence between the European Central Bank (ECB) and the Fed. Apart from that, US President Donald Trump’s erratic trade policies and the softening US economy have weighed heavily on the Greenback.On Tuesday, the FOMC’s minutes confirmed the wide divergence among…