Author: FX
US regulators deny rehearing on co-located Amazon data center energy pact Source link
AUD/JPY trades near the 90.30 zone after modest gains on FridayMomentum remains weak as indicators lean neutral-to-bearishResistance at 90.86 and bearish pressure from key moving averages limit upsideThe AUD/JPY pair posted a mild advance on Friday’s session, moving toward the 90.30 zone after notching a gain of over 0.30%. Despite the intraday rise, the overall technical picture remains bearish, with the pair still struggling beneath several key resistance levels and longer-term moving averages.While price action approached the top of the daily range (88.287–90.516), momentum indicators reveal limited conviction behind the move. The Relative Strength Index (RSI) remains neutral at 42.15,…
The Dow Jones stuck to 40,000 on Friday after a brief dip on fresh tariff concerns.US data came in soft across the board, with consumer sentiment plummeting and PPI inflation easing.Ongoing trade tensions will continue to weigh on markets as China and the US square off.The Dow Jones Industrial Average (DJIA) caught a late bid on Friday, rising back into the 40,000 major price handle after an early dip on rising tariffs between the US and China. China has raised tariffs on US imports to 125% as the country continues to retaliate against rocketing tariffs imposed on Chinese goods imported…
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The Canadian Dollar gained another 0.66% on Friday.Market flows are reversing out of the Greenback, pushing Loonie bids higher.BoC rate call due next week, markets wait to see if BoC will continue to deliver last-minute rate cuts.The Canadian Dollar (CAD) rose on Friday, jumping two-thirds of a percent against the US Dollar as global market flows continue to reverse out of the safe haven Greenback. Trade war pressures have been relieved somewhat after the Trump administration pivoted away from its own lopsided “reciprocal” tariffs following a last-minute 90-day delay, opting for a 10% across-the-board replacement tariff. Coupled with 145% import…
MondayBefore Open:Goldman SachsM&T BankAfter Close:FirstBankPinnacle Financial PartnersTuesdayBefore Open:Bank of AmericaCitiJohnson & JohnsonPNCAlbertsonsEricssonAfter Close:United AirlinesInteractive BrokersJ.B. HuntWednesdayBefore Open:ASMLUS BancorpAbbottProgressive insuranceTravelersPrologisAfter Close:AlcoaCSXKinder MorganThursdayBefore Open:TSMC (Taiwan Semi Conductor)UnitedHealth GroupHuntington BankAmerican ExpressAfter Close:NetflixWhen will the earnings for the Magnificent 7 be announced?Tesla (TSLA): April 22, 2025Apple (AAPL): May 1, 2025Alphabet (GOOGL): April 29, 2025Microsoft (MSFT): April 30, 2025Amazon (AMZN): April 24, 2025Meta (META): April 30, 2025Nvidia (NVDA): May 28, 2025 This article was written by Greg Michalowski at www.forexlive.com. Source link
Goal technicalsThe price of gold continued it run to the upside, for the third week or oh extended above a topside channel trendline. That trendline cuts across at $3082 and moving higher. The price of gold is up close to 100% from it’s September 2022 low. For the trading year (2025), the price is up around 23.46%.The gain in this week by itself is around 6.35% currently. That represents the second-highest trading week since March 13, 2023 when the the price rose by 6.5%.Looking at the daily chart below, the low price this week stalled right ahead of its 50-day…
The price of crude oil futures are settling at $61.50. That is up $1.43 or 2.3%. The high price today reached $61 in a seven cents. The low price was at $59.46. For the week, the price is down $0.78 or -1.26%. At session lows however the price was down $-7.13 to a low of $55.15 (lowest level going back to February 2021) before bouncing to the upside. The high for the week reached $63.87.Crude oil technicalsLooking at the daily chart above, a swing area floor between $60.45 and $63.64 was broken this week on its way to the low…
The low price in the NASDAQ this week stalled at 14,784, just above the 200-week moving average, which currently sits at 14,616.37. Notably, this isn’t the first time that level has attracted support — in 2023, a similar dip found buyers just ahead of the same long-term average. The key difference then was the added support from the 50- and 100-week MAs, which aren’t in play this time around.This week’s bounce has been constructive, with the price rebounding strongly and pushing back above the 100-week MA, now at 16,299.86. That level becomes an important support pivot — holding above keeps…
An interview with Collins is out in the FT.I take her comments to signal that the Fed would be there if things got disorderly (as always) but some in the market are taking it as a stronger signal that the Fed is standing by.I think a different report released at about the same time is the driver of the bounce in risk assets at the moment.Update: Now she is out with an interview in the WSJ as well.It’s appropriate for us to have a pretty high bar to be pre-emptive” on rate cutsUSD weakness could reflect expectations of slower economic…