TradeCompass for Euro FX Futures (Ticker: 6E) – January 21, 2025 Current Overview:Euro FX Futures (6E) are trading at 1.0406, slightly below today’s VWAP (1.0412). This places the market in bearish territory based on the TradeCompass. Traders should monitor the outlined key levels for potential breakout or continuation trades. Key Levels to Watch for Euro […]
Category Archives: Forex News
21
Jan
Jan
The dollar is slightly firmer to start the new day as it bounces back a little following Trump’s inauguration. His comments that “we’re thinking in terms of 25% on Mexico and Canada” on tariffs is causing a bit of a stir in the new day. But overall, the strong rally to start the year has […]
21
Jan
Jan
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 […]
21
Jan
Jan
ANZ-Roy Morgan Australian Consumer Confidence weekly survey was out earlier, doing a bit of a catch up. Comes in at 85.8 prior 87.1 inflation expectations 5.2% (prior 5%) ANZ comment: positive impact of the new year appears to be waning the series is still up 1.9 points from the end of December *** Below 100 […]
21
Jan
Jan
Just out: Trump says thinking in terms of 25% tariffs on Mexico and Canada In the Wrap yesterday I warned to watch out for a reversal: set up a retrace higher for USD. A sharp one I’d suggest. Something to eye in the hours ahead. It took a while but here we are … and […]
21
Jan
Jan
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 […]
21
Jan
Jan
I posted yesterday on the Wall Street Journal story leaking details of Trump’s ‘day one’ agenda, noting that he wasn’t going to implement tariffs: While I urged caution, noting that Trump can be mercurial and volatile with policy announcements (that’s what’s Twitter is for after all!) I put a 75 – 80% probability that it’d […]
21
Jan
Jan
The first market move of Trump’s second Presidency was: US dollar weakness. It was a sharp move on a report — later confirmed — that Trump won’t be initiating any tariffs to begin his term. The main lesson in that — and I think we’ve learned this before — is that Trump’s bark is worse […]
21
Jan
Jan
One report says that the wallet that bought $1,000,000 worth of $TRUMP at 18-cents has transferred his tokens to other wallets and completely exited his positions following $TRUMP ‘s listing on Robinhood. The buyer netted a profit of over $300 million. The memecoin is now quoted at $36.22, down 29% today as one of the […]
21
Jan
Jan
No surprise from Trump so far: I was saved by God to Make America Great Again We will drill, baby, drill We will fill strategic reserves again and export American energy all over the world Will begin overhaul of trade system Will tariff and tax foreign countries to enrich our citizens “It will be massive […]