Author: FX
The AUDUSD has been choppy today, swinging down, up, down, and back up again as traders test both sides of the range. On the downside, the pair continues to find support within a swing area between 0.6478 and 0.6481. On the topside, resistance remains firm near the falling 100-hour moving average and a swing zone between 0.6500 and 0.6505 — an area that has been tested and briefly broken several times in recent sessions, but each break has lacked follow-through, sending prices back lower.The 0.6505 level is the key topside marker. A decisive break above could ignite bullish momentum, putting…
The US Dollar (USD) is marginally softer, notching up a third day of losses in Dollar Index (DXY) terms, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD edges lower for a third day as Fed policy outlook weighs”Movement across the major currencies is, for the most part, limited, however as investors await developments on US/China trade and the US government shutdown. The NZD and GBP are leading gains for the core majors and while the JPY is modestly softer on the session, dollar/Asia is mostly lower as regional authorities take action to stem pressure on their currencies…
If you’ve been keeping an eye on the markets this year, you know it’s been a roller coaster, and it’s not just from central bank policy shifts or assets hitting record levels. I’m talking about times when U.S. President Trump announces huge tariffs and markets tumble, only for him to walk it back days later and send prices soaring again. We’ve seen this exact scenario play out several times in just the past few months. It’s happened so often that Wall Street even turned the chaos into an acronym: TACO, which stands for “Trump Always Chickens Out.” It’s not just…
Canaan (NASDAQ:CAN) on Thursday said it has received a compliance notification from Nasdaq, notifying the company that it has regained compliance with the minimum bid price of $1.00 per American depositary share requirement set forth under the listing rules. On Source link
One of the questions traders always ask me is how important trading psychology is to a newbie. In this old man’s humble opinion, sound trading psychology is important enough that it sets consistently profitable traders apart from the rest. I believe that a person’s ability to handle and overcome stressful situations, like experiencing a drawdown, having a losing position, and managing one’s greed, plays a central role in determining a trader’s success. If you are not psychologically prepared to handle the stress that comes with trading, chances are that no matter how good your strategy is, you will not be able…
Fundamental OverviewThe USD has been weakening across the board since Tuesday when some comments from USTR Greer suggested that de-escalation was still the base case. The fall in Treasury yields has also been a bearish driver for the greenback as the dovish interest rate expectations increased. Domestically, nothing has changed for the US dollar as the US government shutdown continues to delay many key US economic reports. The dollar “repricing trade” needs strong US data to keep going, especially on the labour market side, so any hiccup on that front is likely to keep weighing on the greenback. The BLS…
Gold rose to another record high with spot prices reaching intraday highs of $4,242/oz this morning, driven by rising US-China tensions and expectations of two more Fed rate cuts this year, ING’s commodity experts Ewa Manthey and Warren Patterson note.Gold and Silver are two of the best-performing commodities”Silver prices also rose by more than 3% to close above $53/oz yesterday, amid tight supply in London. US Treasury yields fell to a multi-month low after Fed Chair Powell signalled a likely quarter-point rate cut this month.””As for China, President Trump issued a fresh trade threat against the country, obviously heightening trade…
Whitbread Non-GAAP EPS of 133.70p, revenue of £1.54B; updates FY26 outlook Source link
Rare earths tensions rise as US and China trade barbs Source link
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