Category Archives: Forex News

The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today. This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at […]

The major European indices closed solidly higher not only for the day but also the week. The gains have led to record closes for the German DAX, the UK’s FTSE 100 and Italy’s FTSE MIB. The final numbers for the day show: German DAX, +1.20%. For the week the index rose 3.41%. A new record […]

The USDCAD moved higher in the North American session and in doing so, stretched to the high of a “Red Box”: that has confined the pair going back to mid-December (see chart below). That level comes in at 1.44666. The high price stalled just short of that level at 1.44635. Conversely, earlier this week, the […]

Stock heatmap by FinViz.com Fri, 17 Jan 2025 14:46:13 GMT Sector Overview Today, the U.S. stock market showcases a remarkable resurgence in the technology sector, juxtaposed against a noticeable pullback in healthcare. Leading the tech charge are giants like Microsoft (MSFT) and Nvidia (NVDA), which have posted gains of 1.93% and 1.76% respectively. Meanwhile, healthcare […]

Prior month C$-2.65 billion This article was written by Greg Michalowski at www.forexlive.com. Source link

Trade Compass: Apple Stock (January 17, 2025) Apple is currently trading at $230.11 in the pre-market, and we’re watching key levels that could guide today’s price action. Here’s a breakdown of the key zones and possible scenarios: Key Levels to Watch Yesterday’s VWAP (Resistance): $230.57 Yesterday’s Value Area High (VAH): $230.96 January 13th Value Area […]

Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.7% No changes to the initial estimates as core inflation remains stubborn and caught in between the 2% to 3% mark for now. Services inflation remains the key issue, seen at 4.0% in December. This article was written by Justin Low at www.forexlive.com. Source link

Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller delivered some surprisingly dovish comments saying […]

There are quite a few to take note of on the day, as highlighted in bold. The first ones are for EUR/USD, layered between 1.0275 through to the 1.0300 level. That is likely to help lock price action in between that range with a limitation closer to the figure level once again before rolling off […]

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 […]