While Trump's earlier post had lifted sentiment, things have now unraveled again as Trade uncertainty continues to weigh on sentiment. S&P almost flat on the session after failing to break yesterday's high. Let's see if dip buyers emerge later on. For now trading remains quite choppy as reciprocal tariffs are set to go into effect tomorrow, along with those...
SGX iron ore finds itself teetering on key technical support, unable to muster any meaningful bid despite significant gains in other China-linked plays on Tuesday.
$95.40 is the level we’re watching, waiting for a definitive move to signal how to proceed. A downside break would open the door for a flush towards $89.30, generating a setup where shorts could be...
GBP/JPY has posted a decline of more than 3% over the last four trading sessions, with bearish momentum growing as the market increasingly favors the Japanese yen in the short term. Demand for the yen has risen sharply since last week, when Donald Trump announced a minimum 10% tariff on all imports into the United States. This was further reinforced today by new...
Hong Kong’s Hang Seng is imploding with the price cascading lower after breaking support at 22,570 earlier today. The subsequent unwind saw 21,728 and 21,377 melt like a hot knife through butter before the price eventually bounced at 20,535 — another minor level that acted as both support and resistance earlier this year. That makes it an initial level of interest...
Traders should pay close attention to Nikkei 225 futures if the price returns towards 30,400. We’ve now seen decent bounces from around that level five times, including earlier today upon the resumption of trade after the weekend.
While momentum signals are firmly bearish, with RSI (14) and MACD both trending lower, the former now sits at its most oversold level...
The U.S. dollar has managed to regain some ground in the short term after several sessions of gains in EUR/USD. Currently, the pair is showing a downward move of just over 1%, following the NFP report, which showed 228,000 new jobs versus the 137,000 expected. This has slightly increased demand for the U.S. dollar in recent hours, as the market anticipates the...
Today’s NFP report was NEVER going to take much attention away from the trade war – and so it has proved with mixed readings. US rates were being priced lower amid deteriorating trade war risks, which remains the main focal point. Powell is up next, while CPI, PPI and UoM surveys all on tap next week.
The nonfarm payrolls data beat expectations, with a headline...
The S&P 500 (SPX) continues to show a strong bearish bias and is approaching the 5,300-point level in the short term. Selling pressure remains steady as post-“Liberation Day” uncertainty persists, with markets concerned that the recently announced tariffs could significantly impact the U.S. economic outlook. As a result, this could severely limit the...
U.S. 10-year Treasuries are a crucial cog in the global financial machine, serving as a benchmark borrowing rate, a tool for asset valuation, and a gauge of the longer-term outlook for U.S. economic growth and inflation.
As such, I keep a close eye on 10-year note futures, as they can offer clues on directional risks for bond prices and yields. The price action...
Gold is on fire again, closing at $3,126.45 (+0.38%) and continuing to ride a steep uptrend supported by the 50-day SMA (2,925.58) and a well-respected ascending trendline.
🔹 MACD is trending higher with widening separation – bullish momentum is building again.
🔹 RSI just breached 75.80, putting gold deep into overbought territory.
🔹 No immediate resistance above...
The British pound continues to grind higher against the U.S. dollar, now trading at 1.2982 (+0.46%), but price action remains capped within a tight consolidation box just below the psychological 1.30 handle.
🔹 Price is holding above the 200-day (1.2809) and 50-day (1.2704) SMAs, maintaining a bullish structure.
🔹 RSI is at 62.90, comfortably in bullish territory...
The euro is attempting to build bullish momentum against the U.S. dollar, but the pair remains capped by key resistance at 1.0940. Today’s bounce to 1.0852 (+0.55%) keeps the pair above both the 200-day (1.0732) and 50-day (1.0603) SMAs, suggesting the broader structure has turned constructive.
🔹 MACD is flat, showing waning upside momentum.
🔹 RSI is trending...
The recent rebound in USD/MXN appears to be stalling ahead of the March high (20.9997) as it fails to extend the series of higher highs and lows carried over from last week.
In turn, USD/MXN may consolidate over the coming days as it holds below the weekly high (20.5430), and a close below 20.3200 (38.2% Fibonacci retracement) may push the exchange rate towards...
Volatility was again the name of the game in equity markets as investors braced for President Donald Trump’s impending tariff announcement, which promises to reshape global trade dynamics. With uncertainty swirling around the scope and impact of his so-called reciprocal tariffs, there remains little consensus on how markets will react as the final deliberations...
With uncertainty surrounding U.S. trade policy about to be resolved and price signals turning bullish, the ingredients for a squeeze in Russell 2000 futures are now in place.
Unlike other stock indices with far larger constituents, U.S. small caps have lagged this week’s rebound—potentially due to recession concerns, which wouldn’t help unprofitable cyclical...
Since touching the key support level at $67 , WTI crude oil has posted a notable recovery of more than 7% in recent weeks, and is now hovering slightly above the $70 per barrel mark. For now, the bullish bias remains intact as comments from the White House suggest potential tariffs ranging from 25% to 50% on countries that choose to trade Russian oil. According...
The CADJPY rebounded alongside risk assets, but its now testing key resistance at 104.50, where the recovery might falter.
This level was prior support and resistance, and where the 21-day exponential moving average comes into play.
Given an overall bearish structure, I wouldn't be surprised if the selling resumes here.
By Fawad Razaqzada, market analyst with...
The Kiwi is clinging to uptrend support within a broader rising wedge, with selling pressure reemerging at .5680 despite Monday’s late recovery.
A clean break below the uptrend could see bears target .5650, the low from Monday. A move through that level would put .5600 in focus as the next downside target.
Momentum signals reinforce the bearish case—RSI (14) and...
