Author: FX
The GBPUSD traded higher in the Asian session, testing its 100-hour moving average, but once again found willing sellers leaning against that level. The same dynamic played out yesterday, when the pair also stalled near the 100-hour MA before turning lower.This time, the selling pressure intensified following weaker-than-expected UK employment data, which pushed the pair below a key swing level at 1.32594 — a level that had marked both Friday’s low and the lowest point since August 5th. The price briefly extended lower twice during the session, reaching a day low of 1.3249, but downside momentum quickly faded as USD…
The US Dollar (USD) failed to extend its recovery despite the positive start to the day, eventually receding modestly amid the steady lack of progress around any shutdown deal and a persistent risk-off environment.Here’s what to watch on Wednesday, October 15:The US Dollar Index (DXY) traded with decent losses after faltering once again around the 99.50 region amid declining US Treasury yields across the board and persistent risk aversion. The usual MBA Mortgage Applications are due, seconded by the NY Empire State Manufacturing Index and the API’s report on US crude oil inventories. In addition, the Fed’s Bostic, Miran, Waller,…
Thapana OnphalaiA record 60% of fund managers said global stocks (XWD:CA), (NYSEARCA:URTH), (VT) are overvalued, according to Bank of America’s Global Fund Manager Survey for October. This is the highest level since before 1998. Last month, the percentage of fund managers saying Source link
Popular Inc. Q2 2025 slides: Net income jumps 18%, EPS up 21% amid margin expansion Source link
The AUDUSD fell sharply today amid renewed concerns over deteriorating U.S.–China relations. China, which controls the global supply of many rare earth minerals critical for defense and technology production, appears to be leveraging that position as a bargaining chip in the escalating trade standoff. The market mood turned risk-off early in the session as traders questioned whether tensions might intensify — or when they might be resolved — sending both stocks and the AUDUSD lower.As the U.S. equity indices rebounded from session lows, AUDUSD also staged a recovery, climbing back toward a key swing area near 0.6481. That level now…
If you’ve been trading lately, you probably saw the markets flip from cautious optimism to full-on panic in record time. So what lit the fuse this time? If you guessed a central bank announcement or a big economic report miss, not quite. This time, it was a single, long social media post from the U.S. President that sent traders scrambling for cover. Trump’s post — and the wild reaction that followed — just goes to show how social media has become an official, high-octane driver of global financial markets. It’s fast, emotional, and capable of moving billions before traders even…
On Monday, October 13th 2025, the Invesco QQQ ETF made a resilient effort to recover back towards $603 after creating a gap up from the $590’s. As we open the markets today, the premarket tells a completely different story; we are expected to once again, create a gap – this time back down – towards the previous gap created at $593.24 – $597.23. As ironic as this can be, this can be somewhat confusing for traders: “So are we bullish or not? Yesterday’s weekly open gap surely is a bullish one… right?” Let’s dive into the technicals and fundamental factors…
Health Savings Accounts administrator HealthEquity (NASDAQ:HQY) launched a telehealth platform on Tuesday to connect HSA members with affordable GLP-1 weight loss drugs. As part of the offering developed with licensed telehealth provider Agile Telehealth, patients and their families will be able to Source link
European trade commissioner, Maros Sefcovic, said that G7 finance ministers are arranging for a video call “pretty soon” to discuss the matter with it being a “critical concern”. Sefcovic also mentioned that he will discuss the issue with US commerce secretary, Howard Lutnick, and will speak to his Chinese counterpart as early as next week.Meanwhile, Danish foreign minister Lars Rasmussen said that they could possibly look to team up with the US to turn the tables on China:”We also need to be realistic. This is actually an area of common interest with our friends in the U.S. If we stick…
EUR/JPY extends its losing streak for the fourth consecutive session, trading around 175.60 during the European hours on Tuesday. The technical analysis of the daily chart indicates a potential for a bearish shift as the currency cross is positioned below the ascending channel pattern.Additionally, the short-term price momentum is weaker as the EUR/JPY cross has moved below the nine-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) is still positioned above the 50 mark, suggesting that bullish bias is in play. Further movements will likely offer a clear directional trend.On the downside, the EUR/JPY cross may navigate…