The U.S. dollar ended the day sharply lower, led by a -1.50% drop versus the New Zealand dollar, followed by a -1.35% decline against the euro, and a -1.03% fall versus the Australian dollar. The dollar’s weakest performance was against the yen, falling a relatively modest -0.60%. The move lower was supported by a string […]
Category Archives: Forex News
12
Apr
Apr
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 […]
12
Apr
Apr
Goal technicals The price of gold continued it run to the upside, for the third week or oh extended above a topside channel trendline. That trendline cuts across at $3082 and moving higher. The price of gold is up close to 100% from it’s September 2022 low. For the trading year (2025), the price is […]
12
Apr
Apr
An interview with Collins is out in the FT. I take her comments to signal that the Fed would be there if things got disorderly (as always) but some in the market are taking it as a stronger signal that the Fed is standing by. I think a different report released at about the same […]
12
Apr
Apr
EURUSD technicals The EURUSD surged higher today, breaking above both the 2023 swing high and the 61.8% retracement of the decline from the 2020 high — a key level near 1.1271. That breakout sparked strong upside momentum, sending the pair to a session high of 1.1473, just shy of the swing resistance zone between 1.1482 […]
11
Apr
Apr
Closing changes on the day: Stoxx 600 -0.1% German DAX -1.2% France CAC -0.3% UK FTSE 100 +0.6% Spain IBEX -0.1% Italy’s FTSE MIB -1.0% On the week: Stoxx 600 -% German DAX -1.5% France CAC -2.5% UK FTSE 100 -1.0% Spain IBEX -1.0% Italy’s FTSE MIB -2.0% The volatility is breathtaking at the moment […]
11
Apr
Apr
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 […]
11
Apr
Apr
What do you do with Treasuries the next time there is a crisis? One of the great privileges that the US enjoys in being at the center of the financial system is that when there is a crisis, markets rush into long-dated Treasuries, driving borrowing costs lower. This is a natural hedge to bad news […]
11
Apr
Apr
Prior was +3.2% PPI -0.4% m/m vs +0.2% expected Ex food and energy +3.3% y/y vs +3.6% expected Ex food and energy -0.1% m/m vs +0.3% expected Ex food, energy and trade +3.4% vs +3.5% prior Ex food, energy and trade +0.1% vs +0.4% prior This is some welcome cooling that shows some disinflation is […]
11
Apr
Apr
S&P 500 futures are now back up around 1% on the day while 30-year bond yields in the US have eased to around 4.84% currently. On the latter, that’s down from around 4.91% at the high earlier and will allow broader markets to breathe a little easier heading into US trading. China retaliated by increasing […]