Headlines: Markets: JPY leads, AUD lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields up 2.7 bps to 4.679% Gold up 0.3% to $2,702.83 WTI crude down 0.5% to $80.04 Bitcoin down 0.5% to $99,212 It was a quieter session with just some light market moves overall. All eyes […]
Category Archives: Forex News
16
Jan
Jan
Fundamental Overview The Nasdaq has been rallying steadily this week thanks to positive news both on the tariffs and inflation front. On Monday, we got a news from Bloomberg that the Trump’s team was studying gradual tariffs hikes. On Tuesday, we got a very soft US PPI report and yesterday lower than expected US Core […]
16
Jan
Jan
TradeCompass: Canadian Dollar Futures (6C, March 2025 Contract) – 16 January 2025 Financial Instrument: Canadian Dollar Futures (6C, March 2025) Price at the Time of Analysis: 0.69740 Key Levels and Trade Scenarios for Canadian Dollar Futures Today Bullish Above: 0.69935 Why Bullish Above:A move above 0.69935 would place the price above yesterday’s Point of Control […]
16
Jan
Jan
Fundamental Overview The USD weakened across the board yesterday following the softer than expected US Core CPI data as Treasury yields fell aggressively in what could be the peak in inflation hysteria and repricing in rate cuts expectations. Strangely enough, the US Dollar eventually erased all the losses and ended the day pretty much flat […]
16
Jan
Jan
The European session is going to be pretty empty on the data front with no market moving releases. The main events will be all in the American session when we will get a few US economic indicators and Scott Bessent’s confirmation hearing before Senate at 15:30 GMT/10:30 ET. 13:30 GMT/08:30 ET – US Jobless Claims […]
16
Jan
Jan
There aren’t any major expiries to take note of on the day. As such, trading sentiment will continue to rely on the same factors from yesterday with a keen focus towards US data once again. Coming up later today, we will have the retail sales data and weekly jobless claims to work with. That will […]
16
Jan
Jan
TradeCompass: Russell 2000 Index Futures Analysis – 16 January 2025 Financial Instrument: Russell 2000 Index Futures (RUT Futures) Price at the Time of Analysis: 2279.3 Key Levels and Trade Scenarios for Russell 2000 Futures Today Bullish Above: 2291.3 Why Bullish Above:If Russell 2000 Futures rise above 2291.3, the price will surpass yesterday’s Value Area High […]
16
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 […]
16
Jan
Jan
Bloomberg with the report. Says the Bank of Japan likely to hike rates at next weeks meeting (23 and 24 January), unless there is a ‘major rout in markets’ following Trump’s swearing in. Bloomberg cite several, all unnamed, sources. USD/JPY is down on the day already. Circa 155.60 as I post after lows around 155.23. […]
16
Jan
Jan
Bank of Korea leaves rate unchanged at 3% vs. cut to 2.75% expected more to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link