Author: FX

The pair trades around 0.5890, snapping a two-day losing streak on stronger NZ inflation expectations and upbeat PMI.US sentiment dropped sharply, while soft inflation and retail data fuel Fed rate cut bets.Bearish bias holds; support at 0.5861 and 0.5847, resistance at 0.5880 and 0.5883.NZD/USD is trading slightly higher near 0.5890 during early Friday trading, recovering from recent losses as upbeat domestic data supports the Kiwi. The pair snapped a two-day slide, buoyed by an improvement in local manufacturing and a rise in inflation expectations, while market action remains largely muted across G10 currencies. The New Zealand Dollar is outperforming peers,…

The S&P 500 started off the week on a positive note as US-China tariffs were slashed. The buying never really stopped as the index climbed every day this week.Friday’s changes:S&P 500 +0.7%Nasdaq Comp +0.45%Russell 2000 +0.9%DJIA +0.7%S&P TSX Comp +0.3%On the week:S&P 500 +5.1%Nasdaq Comp +7.0%Russell 2000 +4.5%DJIA -0.2%S&P TSX Comp +2.4% This article was written by Adam Button at www.forexlive.com. Source link

Bird flu in top chicken exporter Brazil triggers trade bans Source link

The big week for stock markets on the US-China climb-down is continuing late on Friday. The S&P 500 has edged to a fresh session high up 33 points, or 0.6%.Trading has been lighter late in the week but the momentum trade has continued to work.Technically, there isn’t much (anything?) standing in the way of a return to the February highs. The AI trade is working again as well. This article was written by Adam Button at www.forexlive.com. Source link

The Dow Jones rose slightly on Friday, clipping into fresh weekly highs.Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index.Investors are hoping that more clarity will come from the Trump administration on trade.The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print from the University of Michigan’s (UoM) Consumer Sentiment Index on record. Market sentiment remains on the high side as traders hope for further clarity on trade from the Trump administration and a continued easing of President Donald Trump’s tariff policies.The UoM’s Consumer Sentiment Index…

USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data.US consumer sentiment weakened in early May, raising concerns about the economic outlook.Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320.The USD/CHF pair is trading higher on Friday, testing a significant resistance zone near 0.8380 as traders digest mixed economic signals from the United States and ongoing global trade tensions. Despite a modest 0.28% gain on the day, the pair’s upside remains constrained by broader concerns over US economic resilience and tariff policy uncertainty. The US Dollar Index (DXY),…

EUR/USD trades near the 1.1100 zone with minor losses on Friday.The pair maintains a bearish outlook, supported by mixed technical signals.Key support is clustered below 1.1150, with resistance near 1.1200.The EUR/USD pair is under modest selling pressure on Friday, moving near the lower end of its daily range around the 1.1100 zone. This positioning reflects a bearish tone, reinforced by a cluster of short-term technical indicators that favor downside momentum, despite some mixed signals from longer-term trends. As the European session wraps up, traders appear cautious, aligning with the broader risk-off sentiment in the market.EUR/USD currently maintains a bearish bias,…

The resilience of the US economy in recent years was interpreted by many investors as a demonstration of US ‘exceptionalism’, Rabobank’s FX analyst Jane Foley notes. Greenback’s global lead remains intact for now”The surge in US recession fears that followed Trump’s tariff announcements on April 2 sparked a rapid exit from ‘exceptionalism’ trades, which overpowered the USD’s traditional safe-haven attraction. While other currencies are set to continue chipping away at the USD’s dominance as the global reserve currency, the greenback is set to maintain a clear lead for many years to come.” “In line with this, we expect that the USD’s…

XAU/USD trades near $3,180, on track for a weekly loss of over 4%.Easing trade tensions and a stable geopolitical landscape reduce demand for the bullion.Price has fallen more than $300 from April’s all-time high of $3,500.Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.Risk sentiment improved this week after the United States (US) and China agreed to reduce tariffs for…

S&P 500 futures are up 0.2% today as today is the monthly equity and single-stock options expiration. Those who bought on April 7 are certainly feeling good about those calls.Yields are coming down and that’s taking away one risk from stock markets in what’s been an incredible run. Trump’s trip to the Middle East has also made it pleasantly quiet on the domestic front.A gain today would be the 5th in a row and that comes on the heels of a nine-day rally that was only broken up by a small loss on May 9. There has only been one…