Author: FX
NZD/USD trades near the 0.5800 zone after strong gains on FridayResistance aligns with 200-day SMA near 0.5895The NZD/USD pair extended its advance on Friday’s session with the pair seen trading near the 0.5800 zone after a 1.39% daily rise. This move positioned price mid-range between the day’s low of 0.56282 and high of 0.57656, reinforcing a bullish short-term momentum shift.Still, the underlying trend is showing signs of strength, especially from the shorter-term averages. The 10-day exponential moving average at 0.56685 and the 10-day simple moving average at 0.56688 support the upward action. The 20-day SMA at 0.57156 and 100-day SMA…
The U.S. dollar ended the day sharply lower, led by a -1.50% drop versus the New Zealand dollar, followed by a -1.35% decline against the euro, and a -1.03% fall versus the Australian dollar. The dollar’s weakest performance was against the yen, falling a relatively modest -0.60%.The move lower was supported by a string of softer inflation readings, with today’s PPI Final Demand declining -0.4% m/m vs. +0.2% expected, while core PPI (ex-food and energy) fell -0.1% vs. +0.3% forecast. This followed tamer CPI data released yesterday, reinforcing expectations for easing price pressures.Economists now estimate that Core PCE, the Fed’s…
AUD/USD trades near the 0.6280 region during Friday’s American session, extending this week’s rebound.US sentiment data deteriorates further as tariff risks weigh on Fed flexibility and inflation expectations.Key resistance is seen near 0.6240-0.6260, while downside is cushioned by 0.6180 support.The Australian Dollar (AUD) is strengthening on Friday, with the pair moving near the 0.6280 zone during the American session. The bullish tone for the Aussie emerges as the US Dollar (USD) continues to weaken across the board, dragged by lower-than-expected economic data and growing investor concern over inflation and trade policy. While momentum is cautiously improving, the broader trend remains…
US regulators deny rehearing on co-located Amazon data center energy pact Source link
AUD/JPY trades near the 90.30 zone after modest gains on FridayMomentum remains weak as indicators lean neutral-to-bearishResistance at 90.86 and bearish pressure from key moving averages limit upsideThe AUD/JPY pair posted a mild advance on Friday’s session, moving toward the 90.30 zone after notching a gain of over 0.30%. Despite the intraday rise, the overall technical picture remains bearish, with the pair still struggling beneath several key resistance levels and longer-term moving averages.While price action approached the top of the daily range (88.287–90.516), momentum indicators reveal limited conviction behind the move. The Relative Strength Index (RSI) remains neutral at 42.15,…
The Dow Jones stuck to 40,000 on Friday after a brief dip on fresh tariff concerns.US data came in soft across the board, with consumer sentiment plummeting and PPI inflation easing.Ongoing trade tensions will continue to weigh on markets as China and the US square off.The Dow Jones Industrial Average (DJIA) caught a late bid on Friday, rising back into the 40,000 major price handle after an early dip on rising tariffs between the US and China. China has raised tariffs on US imports to 125% as the country continues to retaliate against rocketing tariffs imposed on Chinese goods imported…
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The Canadian Dollar gained another 0.66% on Friday.Market flows are reversing out of the Greenback, pushing Loonie bids higher.BoC rate call due next week, markets wait to see if BoC will continue to deliver last-minute rate cuts.The Canadian Dollar (CAD) rose on Friday, jumping two-thirds of a percent against the US Dollar as global market flows continue to reverse out of the safe haven Greenback. Trade war pressures have been relieved somewhat after the Trump administration pivoted away from its own lopsided “reciprocal” tariffs following a last-minute 90-day delay, opting for a 10% across-the-board replacement tariff. Coupled with 145% import…
MondayBefore Open:Goldman SachsM&T BankAfter Close:FirstBankPinnacle Financial PartnersTuesdayBefore Open:Bank of AmericaCitiJohnson & JohnsonPNCAlbertsonsEricssonAfter Close:United AirlinesInteractive BrokersJ.B. HuntWednesdayBefore Open:ASMLUS BancorpAbbottProgressive insuranceTravelersPrologisAfter Close:AlcoaCSXKinder MorganThursdayBefore Open:TSMC (Taiwan Semi Conductor)UnitedHealth GroupHuntington BankAmerican ExpressAfter Close:NetflixWhen will the earnings for the Magnificent 7 be announced?Tesla (TSLA): April 22, 2025Apple (AAPL): May 1, 2025Alphabet (GOOGL): April 29, 2025Microsoft (MSFT): April 30, 2025Amazon (AMZN): April 24, 2025Meta (META): April 30, 2025Nvidia (NVDA): May 28, 2025 This article was written by Greg Michalowski at www.forexlive.com. Source link
Goal technicalsThe price of gold continued it run to the upside, for the third week or oh extended above a topside channel trendline. That trendline cuts across at $3082 and moving higher. The price of gold is up close to 100% from it’s September 2022 low. For the trading year (2025), the price is up around 23.46%.The gain in this week by itself is around 6.35% currently. That represents the second-highest trading week since March 13, 2023 when the the price rose by 6.5%.Looking at the daily chart below, the low price this week stalled right ahead of its 50-day…