Author: FX

DXY climbs near the 103 zone on Friday as strong job numbers offset ongoing tariff uncertainty.Fed Chair Powell warns tariffs could lift inflation and dampen growth while hinting at no rush for policy moves.Resistance is seen at 103.73 and above; support is near 102.61 as technicals remain largely bearish.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report. The Greenback’s momentum is also shaped by Federal Reserve (Fed) Chairman Jerome Powell’s remarks, where he flagged greater-than-expected…

The stocks are pushing back to the downside with the :Dow -2000+ points or -5.28%NASDAQ index -900+ points or -5.64%S&P index -300+ points or -5.76%The NASDAQ index is on pace for its second consecutive decline of over 5%. That has only happened three other times in 1987, 2001, and 2008. The NASDAQ index it will close below its 100 week moving average for the first time since May 15, 2023. The 100 week moving averages at 16256.96. The current index is at 15660.28.S&P index is also on pace to close below its 100 week moving average at 5146.43. The current…

Ukraine Pres. Zelenskyy is on the wires saying: Russian military strikes energy facility in Kherson on Fridayearlier today the Ukrainian president saidUS is close to taking steps to pressure Russia into adhering to a cease-firethere is no sense for Ukraine to have direct talks with Russia unless it adheres to unconditional cease-fire.Met with French and British military choose to discuss foreign contingent appointment.Military working to convene weekly to work on plan for contingent.It should take no longer than one month to reach understanding on plan for the appointment of contingent.US tariff are not a problem for Ukraine due to small…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Pres. Trump will extend the deadline for the sale to US ownership.Have made tremendous progress on TikTok dealI am signing an executive order to keep TikTok up and running for an additional 75 daysHe hopes to continue working in good faith with Chinawe do not want TikTok to go darkWe look forward to working with TIkTok and China to close the dealI understand China is not very happy about our reciprocal tariff.As a review:🔐 National Security ConcernsU.S. officials have raised alarms over TikTok’s ownership by ByteDance, a Chinese company.Fears center around the potential for the Chinese government to access user…

The White House Council of economic advisers Miran saysi that tax codes and regulations are ahead.Adds:March Jobs shows closing border might not hurt payrollsOf course there is some market volatility due to tearsTrump is laying the ground for economic boom, markets will see. Ok. This article was written by Greg Michalowski at www.forexlive.com. Source link

Nike stock recovers after Vietnamese leader reaches out to Trump. Trump says he will set a meeting with General Secretary To Lam. NKE stock dropped 14.4% on Thursday in response to Trump’s 46% tariff on Vietnam. Dow Jones Industrial Average sheds 4.6% at the time of writing.   Nike (NKE) shares surged over 5% around lunchtime in New York on Friday after US President Donald Trump said he spoke with the leader of Vietnam.  Vietnam is where the sport apparel and footwear maker produces the great bulk of its products. In fact, Nike-related factories employ about half a million Vietnamese.…

Dax accelerated sharply lower on Friday after China announced its 34% tariffs on US goods, worsening further near term outlook. The index was down nearly 5% on Friday and on track for a weekly loss of 7.5%, the biggest in more than a decade. Fundamental conditions are unlike to improve soon but could deteriorate and fuel expectations for further losses. Reversal pattern has been completed and double top left on daily chart, with formation of multiple bear crosses (10/20/30DMA’s) with converging 10/55DMA’s about to form another bear cross. Weekly close below broken Fibo support at 21021 (38.2% of 17021/23493 uptrend)…

Dow was down 4.8% in past two days, strongly pressured by risk aversion as markets fear of deeper crisis that US tariffs and counter measures could cause on global economy. From the technical point of view, daily studies are in full bearish setup, while weekly studies are weakening and contribute to negative outlook. Break of important supports at 40214 and 40000 (Fibo 38.2% of 32328/45088 / psychological) and attempts to register weekly close below these levels, would generate strong bearish signal for deeper drop. Completion of a double-top pattern on weekly chart has been confirmed by the latest weakness that…