Author: FX
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…
Yesterday I wrote that the speech from Powell scheduled for today was an even-bigger event than non-farm payrolls and that’s even more true now. Fed pricing has continued to take a dovish shift and the market is now pricing in 125 basis points in rate cuts in the coming 12 months.The runs counter to recent Fed commentary that suggests that they don’t want to cut rates until they have a clearer view to low rates and that they’re not confident that tariffs will be a one-off, short-lived boost to prices. Now the market still believes in the Fed put and…
The Greenback is back in the green on strong NFP numbersFocus shifts now to Fed Chairman Jerome Powell speaking. The US Dollar Index is back above 102.00 and looks to close above the level before the weekend.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is rallying after some strong Nonfarm Payrolls numbers. China is lashing out at the US tariffs by imposing a 34% tariff on all US goods from April 10th, a day after the US tariffs will be imposed. The focus now shifts towards Federal Reserve (Fed) Chair Jerome…
With the U.S. dollar and the global stock markets having a huge bearish reaction to Trump’s “Liberation Day” and gold surging to fresh record highs yet again, is it still worth jumping in these big moves or is it too late? Here are some questions you can ask yourself before you even think about chasing a move: 1. Are the factors that caused the move still in play? As the saying goes, the only thing constant is change. And when it comes to trading, changes can happen pretty quickly. Before trying to go with the flow, make sure that the…
I want to set up a tariffs response headquarters soon.Trying to set up a phone call with Trump first.I was asked to have a call with Trump soon.Explained government measures on tariffs to party leaders.World leaders are trying to decide on the appropriate response to Trump’s tariffs. Ishiba said that the imposition of the tariffs is a looming national crisis that requires an unprecedented response.He’s leaving the door open for retaliatory measures or take the issue to the WTO. Analysts expect the tariffs to push down Japan’s growth by 2.9% in the medium-term. This article was written by Giuseppe Dellamotta…
Gold price meets with a fresh supply on Friday, though the downside potential seems limited.Trump’s tariffs-inspired risk-off mood might continue to act as a tailwind for the precious metal.Fed rate cut bets weigh on the USD and also contribute to limiting losses for the XAU/USD pair.Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Friday and currently trades below the $3,100 mark, down for the second successive day. The downtick lacks any obvious fundamental catalyst and could be attributed to some repositioning trade ahead of the crucial US monthly employment details, or the…
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The Range Ratio MT4 Indicator is an essential tool for traders who want to better understand market volatility and price movements. In the fast-paced world of trading, one of the most significant challenges traders face is predicting market trends and determining the right entry and exit points. Without the right indicators, traders may find themselves making decisions based on emotions or incomplete information, leading to poor trading results. The Range Ratio MT4 Indicator offers a solution by giving traders a clear picture of market fluctuations and volatility. With its powerful functionality, it helps traders identify potential price shifts, making it…
AUD and kiwi$ have both slumped.Apart from what has already been posted there is no fresh news. This direction makes more sense sense to me after the tariffs, rather than the rise we had post-tariff announcement This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Risk assets and the U.S. dollar barely stood a chance during the aftermath of Trump’s “Liberation Day” tariffs announcements, as trade war shots were fired by targeted economies, further clouding the global growth outlook. Here are the latest developments you need to take note of: Headlines: Australia S&P Global Services PMI Final for March 2025: 51.6 (51.2 forecast; 50.8 previous) Australia Balance of Trade for February 2025: 2.97B (5.1B forecast; 5.62B previous); Exports: -3.6% m/m (1.3% m/m previous); Imports: 1.6% m/m (-0.3% m/m previous) Japan Jibun Bank Services PMI Final for March 2025: 50.0 (49.5 forecast; 53.7 previous) China Caixin Services…