The US dollar weakness is getting serious. It’s a holiday in much of the trading world today but the dollar selling had been steady until the last hour when it bounced. In that time, dollar weakness has cleared several hurdles: USD/CHF lowest in 10 years EUR/USD highest since 2021 GBP/USD highest since October USD/CAD lowest […]
Category Archives: Forex News
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Apr
Apr
The US dollar is on the backfoot as the new week gets under way. The market had priced in some hope of progress on trade deals over the weekend but Japanese officials flew home to regroup late on Friday. S&P 500 futures are down 0.5% and the US dollar is broadly weaker. The main selling […]
21
Apr
Apr
Gold daily The chart of gold tells the story. It’s a slow-motion loss of confidence from Inauguration Day until Liberation Day. Afterwards, it’s a fast-motion loss of confidence. There was some selling on Friday, perhaps in the hopes of a weekend trade deal with Japan, but there were dip buyers in a $50 fall on […]
21
Apr
Apr
Learn Options Trade Selection: Matching the Right Strategy to Market Conditions One of the most important skills in options trading is knowing which strategy to use when. Whether the market is trending, consolidating, or volatile ahead of earnings, aligning the right trade setup with the market environment can be the difference between consistent profits and […]
21
Apr
Apr
Just after the weekly FX open, US President Trump wrote on Truth Social about non-tariff barriers. He wrote: NON-TARIFF CHEATING: 1. Currency Manipulation2. VATs which act as tariffs and export subsidies3. Dumping Below Cost4. Export Subsidies and Other Govt. Subsidies5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)6. Protective Technical Standards (Japan’s bowling […]
21
Apr
Apr
There aren’t any major expiries on the board for today and that is very much expected given that it is Easter Monday. As such, just be wary that liquidity conditions remain thin with major markets still closed in Europe today. That should also exacerbate the flows to start the week, not just in major currencies […]
21
Apr
Apr
EUR/USD 30 mins It’s thin liquidity today in markets but it’s non-stop selling all the same. The euro is now up 116 pips the day to 1.1508 and touched as high as 1.1528. It’s the first time above 1.15 since November of 2021 as stops were run above 1.15. I feel like I’m writing the […]
21
Apr
Apr
One-year rate at 3.10%, unchanged Five-year rate at 3.60%, unchanged This article was written by Adam Button at www.forexlive.com. Source link
21
Apr
Apr
USD/JPY daily Welcome to the new week, same as the old week. The US dollar is struggling once again today, as it’s done for most of this year. Quite simply, the market is offering up a vote of non-confidence in the economic policy mix in Washington. It’s an untested mix of tariffs and antagonism towards […]
21
Apr
Apr
Five years ago today marked one of the all time crazy days in the commodity futures markets. The May 2020 WTI contract started the day at $17.85 and absolutely, truly imploded. It held for a time at the big round numbers like $10 and $5 and made a stand at zero then completely crumbled to […]