Author: FX

Headlines:Markets:EUR leads, AUD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields down 2.7 bps to 4.255%Gold up 0.4% to $2,922.09WTI crude up 1.2% to $67.17Bitcoin down 0.4% to $89,078It’s all about the US jobs report as we look to the final stretch of the week.The dollar is trading more mixed in general, with the euro continuing to scale higher and eyeing the next leg up ahead of the weekend. EUR/USD moved up from 1.0820 earlier to a high of 1.0870 before backing off slightly now to 1.0850.The gains in the single currency is also keeping…

EUR/USD daily chartIt’s been a blockbuster of a week for the euro and it’s not over just yet. EUR/USD is now up another 0.6% to 1.0854 currently and if my calculations are correct, is poised to post its best weekly performance since December 2008. In just a span of five days, we’re suddenly closer to 1.1000 than we are to parity talk. Wild.While this is all coming amid a softer dollar as well, it can’t be denied that the large chunk of the gains owes to a strong bids in the euro currency itself. The technical and fundamental stars lined…

NZD/USD may aim for initial resistance at the three-month high of 0.5794, reached on January 24. The 14-day Relative Strength Index remains above 50, reinforcing the bullish outlook. Immediate support is seen at the psychological level of 0.5700, aligning with the 50-day EMA at 0.5698. The NZD/USD pair loses ground after registering gains in the previous four successive sessions, trading around 0.5720 during European trading hours on Friday. Technical analysis of the daily chart indicates a bullish bias, with the pair trending higher within a newly formed ascending channel pattern. The 14-day Relative Strength Index (RSI) remains above the 50…

Morning Bid: Payrolls and Powell provide focal point Source link

Are you having trouble understanding market trends in forex trading? The Williams Accumulation Distribution indicator and the Buy Sell v2 strategy can help. This powerful combination helps traders find possible reversals and understand market momentum. It analyzes price changes and volume. This gives traders important clues on when to buy or sell. Let’s explore how this strategy can change your forex trading and maybe even increase your success. Key Takeaways WVAD measures buying and selling pressure in forex markets. Positive WVAD indicates buying pressure, and negative suggests selling. Incorporates closing, opening, high, and low prices with volume. Applicable across various…

Market correlations were a mess, as traders juggled pre-NFP positioning with tariffs developments and monetary policy announcements. U.S. equity indices closed deep in the red while WTI crude oil tossed and turned in anticipation of the OPEC+ production hike next month. Here’s a breakdown of the biggest moves and movers in the last trading sessions: Headlines: RBNZ head Adrian Orr unexpectedly announced resignation, Deputy Gov. Hawkesby will be the acting governor until March 31 Australia Building Permits growth for January 2025: 6.3% m/m (0.4% m/m forecast; 0.7% m/m previous) Australia Balance of Trade for January 2025: $5.62B ($4.9B forecast; $5.09B…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The Australian Dollar weakens as the US Dollar remains firm ahead of Friday’s Nonfarm Payrolls release. The AUD may find support after Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. US NFP is expected to increase to 160K in February, up from January’s softer reading of 143K. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the second consecutive day on Friday. The AUD/USD pair faces modest headwinds as the USD steadies ahead of the upcoming Nonfarm Payrolls (NFP) report in the North American session. The Reserve Bank of Australia (RBA)…

Are you having trouble making money in forex trading? The market’s ups and downs can be tough. It makes traders feel lost and upset. But, what if you could find a way to see through all the noise? A way to spot chances to make money that are more likely to happen? That’s where the Tick Chart and Shved Supply and Demand Forex Trading Strategy comes in. It uses tick charts and the Shved indicator to find when the market might change direction. By knowing where supply and demand are, traders can make better choices on when to buy or…

The CBOE Volatility Index, VIX, has closed at its highest nearly three months at 24.87.So what, you ask? Here are some market impacts and implications, and trading implications when you join the dots. The TL;DR is:A sharp jump in VIX typically signals market stress, risk aversion, and potential declines in equities. It can lead to safe-haven flows and credit tightening. Extreme spikes sometimes mark turning points if central banks or policymakers step in. I see almost zero chance of this right now (well, I think its zero, but you never know, right?).***More detail:A sharp increase in the CBOE Volatility Index…