Author: FX
U.S. retail sales for the month rose 0.5%, matching expectations, following a revised 0.9% increase in June (originally reported at 0.6%). The ex-auto reading also came in as expected, but the prior month was revised higher to 0.8% from 0.6%. The control group, which strips out volatile components and is a key input for GDP calculations, rose 0.5%, slightly above the 0.4% forecast, after a solid 0.8% gain in June.At the same time, import prices posted a stronger-than-expected increase of 0.4% versus a flat reading anticipated, a reminder to traders of the upward pressure from tariffs. This came on the…
The Dow Jones found new all-time highs on Friday before trimming gains.US consumer sentiment took an unexpected hit in August.Consumers are beginning to sour on economic outcomes as tariff effects begin to crop up.The Dow Jones Industrial Average (DJIA) surged to record highs early on Friday, touching chart territory north of 45,250 for the first time ever. However, tepid consumer sentiment data and a looming meeting between United States (US) President Donald Trump and Russian President Vladimir Putin are weighing on investor sentiment to wrap up the trading week.The Dow Jones has tapped in a new all-time high of 45,277…
Government currency debasement steals your wealth and erodes your purchasing power, but there is a situation in which you can use the devaluation of our money to your advantage. If you have to pay a fine and want to make a point. That’s exactly what a Maine man did. When the city of Palermo fined Kirk Sherman $20,000 for disturbing wetlands on his waterfront property, he ponied up. But he paid the penalty using loose change. The pile of coins weighed in at over 12,000 pounds. Sherman and his partner said they approached the city before purchasing the land. “[Palermo’s…
U.S. equities ended the session with a mixed performance as investors weighed hopes for peace, hopes for a rate cut, but concerns about inflation continue to weigh as import prices rose sharply. The Dow Jones Industrial Average managed to avoid finishing in negative territory largely due to a sharp gain in UnitedHealth Group (UNH), which jumped 11.98%. The rally in UNH came after reports that Berkshire Hathaway purchased shares of the company during the most recent quarter, boosting investor sentiment and offsetting weakness elsewhere in the index.Intraday, the Dow pushed to a record high of 45,203.52, driven by early-session buying…
Top of the 4-month channel and VAH are the last daily supports. Acceptance back above 24,052 reopens 24,542/24,846; a daily close below 23,748 risks a slide toward 23,258 → 22,955 → POC ~22,464. Daily structure (mid-term lens) Inflexion point level remains 24,052 (daily critical pivot). Two failed attempts left a supply shelf just overhead. Price is testing 23,748, which aligns with the upper rail of the 4-month rising channel and the VAH cluster—this is the market’s “do-or-continue” spot into the weekly close. Momentum: daily oscillator has rolled off overbought and is crossing lower, while the histogram is positive but narrowing—momentum…
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the NZD/USD set for 0.49% weekly loss, trading near 0.5923 after rejection from 0.5994 resistance.Pair slips below 50 and 100-day SMAs, turning them into key short-term resistance levels.RSI momentum shifts bearish, opening the path toward 0.5900 and August lows near 0.5856.The New Zealand Dollar (NZD) halted its rally and turned negative, poised to finish 0.49% down in the week, after failing to clear key resistance levels, which paved the way for a drop towards the weekly lows near 0.5900. NZD/USD trades at 0.5923, down 0.09%.NZD/USD Price Forecast: Technical outlookFrom a daily chart perspective, the pair trades sideways to downward biased…
United States (US) President Donald Trump has landed in Alaska, as he gears up for his sit-down meeting with Russian President Vladimir Putin to negotiate a peace deal between Russia and Ukraine. Ukrainian President Volodimir Zelenskiy is not in attendance.According to market rumors, President Trump is prepared to offer Russia “rare earth minerals” access, ostensibly in Alaska, in exchange for some sort of ceasefire package with Ukraine. This runs counter to most of Trump’s presidency, who has been consistently worrying publicly about other countries taking advantage of or otherwise disregarding US rare earth markets.Trump reiterated that stock markets are doing…
As the leaders respective planes land on the tarmac in Alaska, and the world awaits the vision of both leaders on US soil, the US has reportedly readied a suite of options to punish Russia if the talks fail.Including sanctions on Rosneft and Lukoil if Putin balks on cease-fire.The hype has been laid for this type of action with OPEC countries increasing oil production. The price of crude oil is down below $63. The high for the year was closer to $80.Russia Pres. Putin will be joined by Foreign Minister Lavrov and aide Ushakov. Pres. Trump will be accompanied by…
EUR/USD rises 0.47% to 1.1702, shrugging off in-line July US Retail Sales and upward June revision.Market focus on Trump–Putin summit in Anchorage; analysts skeptical about securing Ukraine ceasefire.UBS sees EUR/USD reaching 1.21 by year-end if truce achieved.US consumer sentiment weakens in August amid inflation fears despite strong spending data.EUR/USD reverses its course, climbs on Friday, ignoring solid US Retail Sales data due to market participants still pricing in a Federal Reserve (Fed) rate cut in September. The pair trades at 1.1702, up 0.47%.The market’s attention turned to Anchorage, Alaska, for the summit of US President Donald Trump and Russian President…