Author: FX
The AUDUSD is caught in a technical sandwich. Buyers found a floor at a key long-term swing area, but the recovery rally has run smack into a wall of resistance against a key MA. .If you look at the 4-Hour chart of the AUDUSD, you can see the technical battle lines are clearly drawn.The Support: Buyers Lean Against the August Lows Earlier in the day, the price extended lower, and tested the resolve of the sellers and the courage of the buyers. It found that buyers courage at the major swing area between 0.6407 and 0.6424 (in reality, risk be…
Democrat demands release of 'shocking' Trump-Saudi call from 2019 after Khashoggi's death Source link
The Dow Jones Industrial Average (DJIA) caught a healthy rebound on Friday, climbing over 700 points to round out an otherwise bearish trading week. Key Federal Reserve (Fed) officials sounded more willing to deliver an upcoming interest rate cut than rate markets previously expected, bolstering investor sentiment across the board, and the Trump administration is rumored to be weighing another walkback on arbitrary tech trade restrictions aimed at China.Despite Friday upswing, indexes still on the defensiveDespite an upbeat Friday session, the Dow is still in the red for the week, down 1.33% from the previous week’s close and mired in…
The President of the United States judges himself — seemingly every day — on the value of the Dow Jones Industrial Average.He is a person that can’t stand to see stock markets go down, even for a brief period. He has utterly convinced himself — and not entirely without reason — that American progress is whatever number is on the index, preferably with non-stop record highs.Just after Liberation Day, Treasury Secretary Scott Bessent declared “it’s main street’s turn now” but that lasted about three days before the long, slow walkback on tariffs began. Notably, the earliest tariff U-turns were hinted…
Trump hates to the see the market go down.There is a breaking report about Trump’s team floating selling H200 Nvidia chips to China. This idea has come and gone a couple times in the past month.There is a pop in Nvidia shares on this.There is also a pop in the broad market on this and it’s a reminder that Trump can’t stand to see stock markets go down and that the Trump put is undefeated. Now this report says they’re internally floating the idea and you have to imaging it was floated to get the market higher.Note this isn’t the…
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY snapping a four-day winning streak after fresh verbal intervention warnings from Tokyo prompted mild profit-taking. At the time of writing, the pair is trading around 156.54, easing modestly from Thursday’s near ten-month high around 157.89, though it remains on track to secure a second consecutive weekly advance.Japan’s Ministry of Finance reiterated that authorities are ready to act against excessive currency moves, signalling rising discomfort with the pace of Yen depreciation. The warnings come as the Yen hovers near levels where Tokyo intervened in the past. At…
The GBPUSD is waking up and trying to take more control with a push to the upside, but there is work to be done.Looking at the hourly chart of the GBPUSD, the pair has been battling back and forth, trying to find a direction. We established a nice double bottom floor at the 1.3038 level—holding yesterday and testing it again today before rotating higher. That level is now the definitive line in the sand for the sellers; as long as we stay above that, the wash-out remains on hold.For the last several sessions, the price has been capped by a…
We have been down this road before, but Russian Pres. Putin is saying:He received the US plan for Ukraine.Think they can be a basis for final resolution. Text was not discussed with Russia.Says that Ukraine is against the plan.Russia is ready for a peaceful resolution but the details of the plan need to be discussed. Earlier, Ukraine Zelenskyy said to his country:The country is facing “one of the most difficult moments in our history” as its strongest ally pressures it into accepting a deal with the nation that has spent eleven years trying to destroy it.“Now the pressure on Ukraine…
Gold (XAU/USD) remains steady during the North American session on Friday as a Federal Reserve (Fed) officials opened the door for a cut at the December meeting. At the time of writing, XAU/USD trades at $4,096, up by 0.53%, after hitting a daily high of $4,101.XAU/USD edges higher despite mixed US data, sharply shifting rate cut expectationsBullion has remained fluctuating during the last three days, as traders seem undecided on XAU’s next move. Speeches by Fed officials and the resumption of US economic data hint that the economy is solid, with a resilient labor market but elevated prices.Comments from New…
The Atlanta Fed GDPNow growth estimate for Q4 remained at 4.2%. That is still at the highs for the quarter. In their own wordsThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 4.2 percent on November 21, unchanged from November 19 after rounding. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the National Association of Realtors, a slight decrease in the nowcast of third-quarter real personal consumption expenditures growth was offset by an increase in the nowcast of third-quarter real gross private domestic…