Author: FX
The major assets shrugged off economic data releases in favor of pricing in global trade headlines, central bank commentary, and overall risk sentiment. Which assets turned lower and which ones gained from yesterday’s headlines? We have the deets! Headlines: On Tuesday night, FOMC Vice Chair Philip Jefferson said “We can maintain policy restraint for longer” if the economy remains strong and inflation doesn’t move sustainably toward 2% BOJ Head of Monetary Affairs Kazuhiro Masaki said the central bank will “continue to raise interest rates” if underlying inflation heads to 2% as projected ANZ: New Zealand commodity prices rose 1.8% m/m…
Trump order seeks to ban transgender women and girls from female sports Source link
Standard Charted forecast: year-end 2025 price target US$200,0002026 target US300,000Bitcoin to $500,000 before Trump leaves officeCiting:increased investor access the Trump administrationinstitutional inflows into spot bitcoin ETFs diminishing volatility as the U.S. exchange-traded fund (ETF) market maturesa hedge against issues plaguing traditional financeInfo via Coindesk This article was written by Eamonn Sheridan at www.forexlive.com. Source link
DXY remains under pressure, testing 107.35 support despite upbeat ADP and S&P Global PMI data. ISM Services PMI disappoints, signaling weaker-than-expected service sector growth and moderating price pressures. US 10-year yield rebounds, hovering around 4.40% after touching a yearly low. The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of currencies, struggled to recover losses on Wednesday and declined against most major peers. Despite stronger than expected ADP Employment and S&P Global PMI data, the ISM Services PMI fell short of forecasts, casting doubt on the strength of the United States (US) economy. The Fed Sentiment…
Andrew Peller declares CAD 0.0615 dividend Source link
US Department of Agriculture detects second bird flu strain in dairy cattle Source link
Alphabet shares were a big drag on stocks earlier today and the Nasdaq remains 0.2% lower but the S&P 500 is now slightly higher ont he day after erasing a 30-point loss. That’s impressive performance given that share of GOOG remain down 7.6%.The market is continuing to digest this round of the trade war and the implication that Trump won’t be particularly aggressive, at least against allies.SPX dayAlso helping the stock market is the ongoing drop in yields, with 10-year yields down 9 bps to 4.42% with some additional declines coming following the soft ISM services report. Source link
EUR/USD climbs to 1.0420 on Wednesday, extending its upward trend. The pair surges past the 20-day SMA, reinforcing a stronger short-term outlook. The EUR/USD pair continued its bullish advance on Wednesday, rising by 0.39% to 1.0420 as buyers maintained control. With the latest price action, the pair has decisively climbed above the 20-day Simple Moving Average (SMA), a key resistance level that had previously limited upside attempts. This breakout signals a potential shift in sentiment, favoring further gains in the short term. Momentum indicators align with the pair’s continued strength. The Relative Strength Index (RSI) has risen sharply to 53,…
ISM Service PMI contracts more than expected in January Source link
Current Market Position for ETH FuturesEthereum Futures is trading at $2,813 at the time of this analysis. Unlike typical TradeCompass strategies, where we turn bullish above a specific threshold and bearish below another, today’s approach involves fading the move—essentially betting on a reversal. This decision is based on higher time frame analysis, which suggests price may be contracting or forming a range.Bearish Scenario (Short Trade Setup)Short Entry: $2,913 (only after price first reaches $2,916)Reasoning:$2,916 aligns closely with the 2nd upper standard deviation of yesterday’s VWAP, making it a strong resistance level.We wait for price to touch $2,916 first and then…