Author: FX

GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD The Pound Sterling rallied for the second consecutive day on Friday, reclaiming the 1.2600 figure following a dismal US Retail Sales report that reflected American consumers cut their expenses. The GBP/USD trades at 1.2626, up over 0.50%. Read More… Pound Sterling gains further against USD as US Retail Sales decline faster-than-expected The Pound Sterling (GBP) posts a fresh eight-week high around 1.2600 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair strengthens as the US Dollar slumps after the release of the United States (US) Retail Sales data…

For as long as this set-up in gold persists, you have been better served by throwing caution to the wind, TDS’ Senior Commodity Strategist Daniel Ghali notes. Source link

The US Dollar dives lower in the US Retail Sales aftermath and is set to close out the week at a loss.  Almost a full -1 % slide in headline Retail Sales for January spells domestic issues for President Trump.  The US Dollar Index (DXY) drops substantially below 107.00 and is on its way to 106.50. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is devaluing substantially towards 106.50 at the time of writing, amounting to over 1.5% loss on the week since Monday. United States (US) President Donald Trump…

One of the more useful skills in forex trading is knowing when to press your advantage. This may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades. Pressing your advantage is a good skill to have, but sometimes this strategy can get you in trouble. Instead of waiting for the right opportunity to press their advantage, some traders become impatient and/or desperate for the market to move. They want things to happen immediately. An impulsive trader, for instance, would continue to add to a position even though he had…

Headlines:Markets:NZD leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures down 0.1%US 10-year yields up 1.4 bps to 4.538%Gold flat at $2,929.33WTI crude up 0.6% to $71.74Bitcoin up 0.3% to $96,777It was another quieter session in Europe as broader markets are catching their breath before the next flurry of headlines in the US session later.Coming up, we’ll have the US retail sales data and surely more Trump headlines even after his reciprocal tariffs announcement yesterday.The dollar fell as markets faded the tariffs move but in European trading today, there wasn’t much follow through. The greenback is keeping mostly…

The Dollar Index (DXY) failed to cross above January high of 110.15 in recent attempt and has gradually pulled back below the 50-DMA, Societe Generale’s FX analysts report. Next potential objective can be located at 106.30″It is now challenging the upper limit of previous multiyear range. Recent pivot low of 106.90/106.65 is first layer of support. Daily MACD posted negative divergence and has dipped below equilibrium line highlighting lack of steady upward momentum.” “If the index struggles to reclaim the MA at 108 there would be risk of a deeper decline. Below 106.90/106.65, next potential objectives could be located at…

The breakdown shows that producer prices increased by 0.1% on the month while import prices increased by 0.2% on the month. Relative to a year ago, producer and import prices are seen down 0.3% compared to January 2024. This article was written by Justin Low at www.forexlive.com. Source link

The Australian Dollar appreciates as Trump postpones the implementation of reciprocal tariffs. The AUD may face headwinds as the RBA maintains its rate-cut stance following a fresh inflation outlook. The US Dollar weakens amid declining US yields, despite persistent concerns over a global trade war. The Australian Dollar (AUD) strengthens for the second consecutive day on Friday, driven by US President Donald Trump’s decision to postpone the implementation of reciprocal tariffs. Additionally, the AUD/USD pair appreciates as the US Dollar (USD) weakens amid falling US yields across the curve, despite ongoing concerns about a global trade war. Investors now await…

Vietnam says ready to import more US farm goods as trade risks rise Source link

Is the tide about to turn for EUR/USD? The dollar’s recent selloff is pulling the pair closer to the neckline of a classic reversal pattern on its daily chart! Better keep your eyes on this potential resistance breakout. EUR/USD Daily Forex Chart by TradingView This forex pair has made a couple of failed attempts to break below the 1.0200 major psychological mark, creating a double bottom pattern on its longer-term time frames. Price has yet to test and break above the neckline resistance around the 1.0500 mark to confirm a potential uptrend, which could then last by around the same…