Author: FX
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The Dow Jones waffled near 42,000 as equities trim gains on Friday. Despite a lack of noteworthy data, equities are reeling under the pressure of expiries. President Trump hinted at “flexibility” in upcoming tariffs as the pivot begins anew. The Dow Jones Industrial Average (DJIA) saw an uptick in volatility on Friday, but settled close to where it started near 42,000 as investors grapple with deciding where to go next. Despite a relatively thin showing on the economic data docket, market sentiment remains tightly-drawn as traders wrestle with fresh inconsistencies from US President Donald Trump. Adding further pressure to equities,…
Market sentiment swung like a seesaw throughout the week, as investors worked around easing tensions between Russia and Ukraine, worsening Middle East conflict, and A BUNCH of central bank events. Safe-haven gold remained steady on its climb, taking advantage of persistent geopolitical & trade uncertainties, as well as downgrades to global growth forecasts. Here are the latest headlines and economic developments you need to know: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™…
Mexican Peso slips amid rising bets on Banxico rate cut and global uncertainty. Mexico’s economic data disappoints with private spending plunging and activity estimates pointing to contraction in February. Banxico expected to cut rates by 50 bps on March 27 as inflation remains above target and GDP is revised down. US-Mexico trade tensions and Fed caution keep the USD/MXN buoyant with traders eyeing next week’s inflation and rate decisions. The Mexican Peso remained defensive against the US Dollar on Friday, fueled by fears about trade policies the United States (US) implemented amid a busy week in the central bank space.…
Diverging central bank moves, top-tier data releases, and renewed geopolitical tensions kept volatility elevated across FX markets. Source link
Is the long-term bull market in the US dollar finally over?Plenty of research notes this week highlight the end of the era of ‘American exceptionalism’ and that’s been a trading theme so far this year as the US dollar has sagged (though it’s bounced a tad today). In any case, the speculative money has been squeezed out of the US dollar futures trade with CFTC positioning data showing that net USD positioning is short for the first time this year. Source link
The USD was mixed in trading this week. How did the greenback do vs the major currencies? Looking at the change % below, the dollar is higher vs the EUR, JPY, GBP, AUD and NZD. It is lower vs the CHF and the CAD. The biggest gain was vs the AUD at 0.79%. The greenback fell by -0.14% vs both the CHF and the CAD. During the week the negative rates unchanged, the Swiss National Bank rates by 25 basis points, the US Federal Reserve Rates unchanged in the Bank of England also kept its rates the same.Below is a…
USDJPY technicalsUSDJPY has shown more bullish momentum as the day comes to the end of the week. The USDJPY price has now stretched above the 100-hour moving average (MA) and a key swing area, signaling potential further upside. Earlier today at session lows, the buyers leaned near the 200-hour MA, reinforcing support and providing a base for the current upward movement.Key Technical Observations:100-hour MA Breakout: The price has broken above the 100-hour MA (149.18), indicating bullish control.200-hour MA as Support: Buyers held firm near the 200-hour MA (148.72), confirming it as a key support zone.Ascending Channel Formation: The price is…
EUR/USD weeklyThe euro is on track to finish the week slightly lower but that follows two weeks of gains on a German agreement to suspend the debt brake in what the market sees as a shift to a more-active fiscal policy.With that, analysts at CIBC see a steadily rising euro over the course of the forecast horizon to end 2026 when they see EUR/USD hitting 1.15. Part of that is the ‘loss of American exceptionalism’ that’s a theme that’s gripped the FX market.On the way to 1.15, CIBC sees the euro finishing this year at 1.12.Structural reform accompanied by German…
Oil -1 at 486Natural gas +2 at 102Total rigs +1 at 593The price of crude oil is trading up $0.32 and $68.39. For the week, the price is up about 1.8%. This article was written by Greg Michalowski at www.forexlive.com. Source link