WTI crude oil has found plenty of willing buyers beneath $65 per barrel recently, often acting as a launchpad for abrupt squeezes higher. But with supply gushing as OPEC+ returns 2.2 million barrels per day to market at a time when concerns about the U.S. economy are growing, whether that continues remains debatable—especially after the sharp $5-plus slide over...
During the latest trading session, the Mexican peso has started to appreciate by nearly 1%, supported by short-term weakness in the U.S. dollar. For now, bearish pressure has begun to dominate the pair, mainly because the dollar is under pressure following signs that the Federal Reserve may consider cutting interest rates after the slowdown in U.S. job growth. The...
EUR/JPY was a high-flyer into late-July as the pair put in a very rare test above the 170.00 level. That price was almost in play back in 2007 and 2008, but ultimately the pair held about five pips below the big figure before plummeting on the back of the financial collapse.
Sixteen years later EUR/JPY was finally able to mount above 170, albeit temporarily, as...
Bitcoin is currently pulling back from its July high near $122,000, but the structure on the daily chart shows a potential bull flag forming. Price action is now hovering around the $113,600–$112,000 support area, which aligns closely with the 50-day SMA ($110,627) and the lower boundary of the flag.
The broader trend remains bullish, as price continues to trade...
Gold is attempting to break above the well-established horizontal resistance near $3,430, which has capped price action since April. The metal continues to respect its ascending trendline from the December 2024 low, supported by the rising 50-day SMA ($3,344). The lower boundary of the consolidation range is marked near $3,245, making this a textbook...
Cable has recently rebounded off the 38.2% Fibonacci retracement level around 1.3145, suggesting initial downside momentum is losing steam after the July high near 1.38. This bounce comes as RSI begins turning up from oversold territory (38.70), potentially hinting at early bullish divergence. Meanwhile, the MACD remains bearish, though its histogram shows signs...
After Friday's weak jobs report and the downward revisions to prior readings, the mood shifted towards the dollar, with markets leaning towards the Fed delivering more than a couple of rate cuts this year. But we have seen a bit of a recovery in the USD since, suggesting investors are either expecting employment to pick up again or inflation to remain sticky amid...
China A50 remains in an uptrend, marked by higher lows since April and repeated bounces from the 50-day moving average. With both 50 and 200-day averages pointing higher, the bias favours playing from the long side.
A break and hold above 13812 would generate a bullish setup, opening the door for longs with stop beneath for protection. 13900 is the first hurdle,...
The U.S. Dollar was hit hard last Friday and we're at an interesting juncture. The currency just finished its strongest month in three years but then followed that with its largest sell-off in three months.
It's clear that President Trump wants to push USD-weakness and we saw that at multiple points in the month of July, and we can even say that going back to...
USD/JPY showed a strong breakout last week in the aftermath of the Fed, BoJ and the Core PCE report.
The big fundamental drive there was lower odds of rate cuts starting from the Fed - and this pushed back the worry of a larger case of carry unwind as USD/JPY remains more than 40% above the early-2021 levels that showed before the carry trade episode got...
While USD/CAD was one of the cleaner pairs for USD-weakness in Q2, the past month and change has seen a shifting backdrop in the pair.
The 1.3750 level remains key and this was the price that set the low in early-May, leading to a rally up to 1.4000, which sellers defended well. That drove another fresh low but bears suddenly got shy above the 1.3500 level,...
You find out the true test of a trend during the counter-trend episodes. Do buyers show up to hold higher-lows? Or does fear and skepticism cause them to take a back seat as sellers continue to dominate. If that's the case, then supports are vulnerable and there could be motive for continued selling. But, if bulls do stand up and hold a higher-low, that can be a...
It happened quickly but EUR/USD fell into oversold territory last Thursday in the aftermath of the Fed rate decision and the Core PCE report a day later. The pair fell all the way until the 1.1400 handle came into catch the lows in a move that had been very one-sided. But Friday served as reminder of why chasing developed breakouts can be so dangerous, as an NFP...
Sterling broke below the yearly uptrend last week with the decline rebounding off the 2023 high-week close (HWC) / 38.2% retracement of the yearly range at 1.33092-1.3143.
Initial resistance now back at the 2024 high at 1.3434 with a breach above the 2025 HWC at 1.3648 needed to mark resumption of the broader uptrend.
A close below the median-line / 52-week...
Euro rebounded off downtrend support last week with the rally extending 1.8% off the monthly low. The focus is on this recovery with resistance objectives eyed at the 2016 high at 1.1616 and the 61.8% retracement of the July sell-off at 1.1662- rallies would need to be limited to this threshold IF price is heading lower on this stretch. A break / close below the...
The USD/JPY fell sharply Friday in reaction to the weak US jobs data. But it is now testing the upside of a massive short-term support area, between 146.00-147.00. Can we see a bounce here towards 148.60 zone initially?
By Fawad Razaqzada, market analyst with FOREX.com
Near-term price action in U.S. small-cap stocks may be instructive for assessing longer-term directional risks, with the contract trading near the key 200-day simple moving average.
Despite breaking uptrend support and extending the bearish move late last week, buying dips remains the preferred strategy unless there’s clear evidence the U.S. economy is sliding...
Apple stock is down more than 4% in the final session of the week, following the company’s earnings release yesterday. Apple reported earnings per share of $1.57, beating expectations of $1.43, while total revenue reached $94.04 billion, surpassing the $89.53 billion forecasted by the market.
However, despite the strong results, the stock is once again facing a...
