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 invest money that you…
AUD/USD weakens to around 0.6155 in Monday’s early Asian session, down 0.95% on the day. The White House planned 25% tariffs on Mexico, Canada; 10% on China from Tuesday. The rising expectation of RBA rate cuts weighs on the Aussie. The AUD/USD pair attracts some sellers to near 0.6155 during the early Asian session on Monday. The weakening of…
Mike requested these in the comments given the big gap moves we have had already. Good idea. Justin will post more comprehensively on these late, but for now: EUR/USD: 1.0400 (EUR1.82bn), 1.0325 (EUR1.49bn), 1.0425 (EUR1.02bn USD/JPY: 155.00 (US$646mn) USD/CAD: 1.4400 (US$1.9bn), 1.4500 (US$852mn), 1.4300 (US$718mn) USD/CNY: 7.3000 (US$902.5mn), 7.3500 (US$606.2mn), 7.2500 (US$405mn) GBP/USD: 1.2650 (GBP427.7mn) This article was written…
Nasdaq100 (NQ) edged lower Friday after strongly reversing from the intraday high in the US afternoon. With the lower January low and high vs the December low and high, any test of the January high in February is now only moderately but increasingly unlikely. Before bears get excited, NQ will need to break below last Monday’s low, which based off…
Markets are bracing for what could be an explosive week ahead as the latest trade war kicks into high gear, along with the latest U.S. jobs data to steer Fed expectations.
Trump and Dump: Crypto’s Tumultuous Journey Continues Amid Tariff Uncertainty In our follow-up analysis to our earlier piece on the “Trump Pump and Dump” phenomenon (read here), we take a closer look at how the “Trump and Dump” saga is unfolding on the crypto markets. With renewed tariff moves from the Trump administration targeting China, Canada, and Mexico, traders…
United States CFTC Gold NC Net Positions: $299.4K vs previous $300.8K
What next? The main thing is Tuesday, which is the deadline for tariffs to actually go into effect. The fact that they’re not immediate suggests time to negotiate (though not much). Goldman Sachs is out with a note saying they expect the tariffs to be short-lived. There is also this note from the Retail Industry Leaders Association, which includes…
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This week our currency strategists focused on the Australian Q4 2024 CPI report and FOMC monetary policy statement for potential high-quality setups in the Kiwi and U.S. Dollar. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Watchlists…
