Author: FX

The Dow Jones index remained stuck below 44,750 on Friday. Retail Sales missed forecasts, prompting investor caution. The Dow is still poised to end the week in the green, but headwinds are building. The Dow Jones Industrial Average (DJIA) cooled on Friday, shedding around 160 points and waffling into the 44,600 region after US Retail Sales missed the mark in January. US data broadly came in below previous figures, except for the Export Price Index, which accelerated at its fastest pace in nearly three years. US Retail Sales came in well below expectations in January, contracting by 0.9% versus the forecast…

USDCHF technicalsThe USDCHF is experiencing a sharp decline for the second consecutive day. Despite Swiss CPI inflation coming in lower than expected at -0.1% MoM and 0.4% YoY, while US CPI and PPI showed stronger inflation, the pair has moved lower instead of higher—suggesting that other factors, such as geopolitical risks, political developments, and technical breaks, are influencing price action.This week, the 100/200-hour moving averages and the 100/200-bar moving averages on the 4-hour chart were all breached, reinforcing the downside momentum. Today, USDCHF is down -0.55%, reaching a session low of 0.8971, which tested a key swing area between 0.8965…

EUR/USD extends gains, rising to 1.0500 on Friday, hitting its highest level since late January. The pair strengthens above the 20-day SMA, reinforcing a shift in sentiment toward the upside. Momentum indicators remain firmly bullish, with RSI climbing deep in positive terrain. EUR/USD continued its upward trajectory on Friday, climbing to 1.0500 and marking its highest level in weeks. The pair’s steady ascent above the 20-day Simple Moving Average (SMA) suggests that buyers are regaining control, potentially shifting the short-term outlook to a more constructive stance. This break above resistance levels could set the stage for further upside if momentum remains…

GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD The Pound Sterling rallied for the second consecutive day on Friday, reclaiming the 1.2600 figure following a dismal US Retail Sales report that reflected American consumers cut their expenses. The GBP/USD trades at 1.2626, up over 0.50%. Read More… Pound Sterling gains further against USD as US Retail Sales decline faster-than-expected The Pound Sterling (GBP) posts a fresh eight-week high around 1.2600 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair strengthens as the US Dollar slumps after the release of the United States (US) Retail Sales data…

For as long as this set-up in gold persists, you have been better served by throwing caution to the wind, TDS’ Senior Commodity Strategist Daniel Ghali notes. Source link

The US Dollar dives lower in the US Retail Sales aftermath and is set to close out the week at a loss.  Almost a full -1 % slide in headline Retail Sales for January spells domestic issues for President Trump.  The US Dollar Index (DXY) drops substantially below 107.00 and is on its way to 106.50. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is devaluing substantially towards 106.50 at the time of writing, amounting to over 1.5% loss on the week since Monday. United States (US) President Donald Trump…

One of the more useful skills in forex trading is knowing when to press your advantage. This may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades. Pressing your advantage is a good skill to have, but sometimes this strategy can get you in trouble. Instead of waiting for the right opportunity to press their advantage, some traders become impatient and/or desperate for the market to move. They want things to happen immediately. An impulsive trader, for instance, would continue to add to a position even though he had…

Headlines:Markets:NZD leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures down 0.1%US 10-year yields up 1.4 bps to 4.538%Gold flat at $2,929.33WTI crude up 0.6% to $71.74Bitcoin up 0.3% to $96,777It was another quieter session in Europe as broader markets are catching their breath before the next flurry of headlines in the US session later.Coming up, we’ll have the US retail sales data and surely more Trump headlines even after his reciprocal tariffs announcement yesterday.The dollar fell as markets faded the tariffs move but in European trading today, there wasn’t much follow through. The greenback is keeping mostly…

The Dollar Index (DXY) failed to cross above January high of 110.15 in recent attempt and has gradually pulled back below the 50-DMA, Societe Generale’s FX analysts report. Next potential objective can be located at 106.30″It is now challenging the upper limit of previous multiyear range. Recent pivot low of 106.90/106.65 is first layer of support. Daily MACD posted negative divergence and has dipped below equilibrium line highlighting lack of steady upward momentum.” “If the index struggles to reclaim the MA at 108 there would be risk of a deeper decline. Below 106.90/106.65, next potential objectives could be located at…

The breakdown shows that producer prices increased by 0.1% on the month while import prices increased by 0.2% on the month. Relative to a year ago, producer and import prices are seen down 0.3% compared to January 2024. This article was written by Justin Low at www.forexlive.com. Source link