Author: FX
Fundamental OverviewThe USD got a short term boost recently as Trump floated reciprocal tariffs. That came after a good US NFP report where the data was mixed at best but still pointing to strength. The jump in average hourly earnings caught the eye but that might have been distorted by the drop in average weekly hours. We’ve also got another jump in inflation expectations in the University of Michigan Consumer Sentiment survey showing that the tariffs news is the main culprit of the recent surge in expectations. The focus now switched to the US CPI report due later today where…
Watch the video from the WLGC session on 11 Feb 2025 to find out the following: Is the market about to break out, or are we setting up for another selloff? Are bulls gaining control, or is this just another fake rally before a bigger drop? Why is the 6100 level so important, and what does it tell us about supply and demand? What key signals should traders watch to anticipate the next big move? and a lot more… Market environment The bullish vs. bearish setup is 373 to 239 from the screenshot of my stock screener below. Three stocks ready to soar…
There are arguably just a couple to take note of on the day, as highlighted in bold.They are for EUR/USD at the 1.0300 and 1.0325 levels but amid another likely quieter session in Europe, the expiries should not see much of any impact. A softer dollar overnight helped the pair to climb out from 1.0320 to around 1.0350-70 and we’re still holding thereabouts for now.If anything, the expiries might provide some limit to any dollar bids in European trading but I would say the odds of the greenback moving significantly are low. That considering broader markets are waiting on the…
Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 347.90 Saudi Riyals (SAR) per gram, down compared with the SAR 349.37 it cost on Tuesday. The price for Gold decreased to SAR 4,057.82 per tola from SAR 4,074.93 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 347.90 10 Grams 3,478.99 Tola 4,057.82 Troy Ounce 10,820.91 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken…
JPow just hinted that the Fed isn’t in any hurry to cut interest rates further. Will this help push USD/CHF above a key resistance zone? We’re taking a closer look at the pair’s daily chart for clues. USD/CHF Daily Forex Chart by TradingView In case you missed it, Fed Chair Powell made it clear that he and the crew aren’t rushing to cut rates. They’re waiting to see either a notable slowdown in the labor market or a sharper drop in inflation before making a move. Meanwhile, the Swiss franc is under pressure, much like other European currencies, as traders…
Stocks advance, US yields hold gains ahead of inflation test Source link
Gold has been setting one record high after another lately, but it looks like the precious metal is ready for a major pullback. Are these support levels still about to hold? Take a look at these inflection points on the 4-hour time frame! Gold (XAU/USD) 4-hour Chart by TradingView Gold bulls have been charging lately thanks to all the market uncertainty surrounding Trump’s tariffs announcements. However, the precious metal seems to be stalling at its latest all-time high just shy of the $3,000 major psychological mark. Are we about to see a huge correction from its climb? Remember that directional…
Market correlations appeared to break down once again, as asset classes struggled to find direction ahead of Powell’s and Trump’s testimonies. Gold retreated from its record highs while crude oil continued to climb along with Treasury yields, despite a weaker U.S. dollar. Here are the latest updates you need to know! Headlines: Japanese banks closed for the National Foundation Day holiday U.K. BRC retail sales monitor up down from 3.1% y/y to 2.5% in January (1.1% forecast) Australia’s NAB business confidence improved from -2 to +4 in January U.S. President Trump reiterated that there will be no exceptions for higher…
New forex traders often feel lost in the complex world of currency trading. The forex market sees a daily trading volume of $7.5 trillion. This article lists five top books to help beginners learn forex basics. These books offer key insights for new traders. Key Takeaways Five top Forex books help beginners learn currency trading basics. Currency Trading for Dummies covers forex fundamental analysis and trading strategies. Kathy Lien’s book mixes theory with real strategies for day-and-swing successful trading. Jim Brown’s book explains forex basics in simple terms for new traders. Steve Nison’s work teaches candlestick charting for technical analysis.…
Bitcoin Futures (BTC) is currently trading at 96,165, and today’s analysis focuses on key technical levels, VWAP strategies, and volume profile insights to guide both bullish and bearish trade scenarios.📈 Bitcoin Price Prediction: Bullish Trade PlanWe turn bullish above 96,250, a key threshold sitting just above the Value Area Low (VAL) of February 6th. If BTC holds above this level, the following targets come into play:96,600 – A short-term resistance level just below yesterday’s VWAP, where sellers may emerge.97,160 – The Point of Control (POC) from February 6th, a major liquidity zone below yesterday’s Value Area High (VAH) at 97,275.97,500…