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RSS EURUSD Technical Analysis – Focus on the US CPI report
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some... -
RSS Nvidia (NVDA) Stock Analysis for Today
TradeCompass: Nvidia (NVDA) Stock Analysis – 15 January 2025 Financial Instrument: Nvidia Stock (NVDA) Price at the Time of Analysis: $131.50 (premarket session) Key Levels and Trade Scenarios for Nvidia Stock Today Bullish Above: $132.89 Why Bullish Above:If Nvidia stock rises above... -
RSS USDJPY Technical Analysis – All eyes on the US CPI report
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some... -
RSS Euro FX Futures Analysis for Today
TradeCompass: Euro FX Futures Analysis – 15 January 2025 Financial Instrument: Euro FX Futures (EUR/USD Futures) Price at the Time of Analysis: 1.0317 Key Levels and Trade Scenarios for Euro FX Futures Today Bullish Above: 1.03435 Why Bullish Above:If Euro FX Futures rise above 1.03435... -
RSS Canadian Dollar Futures Analysis for Today
TradeCompass: Canadian Dollar Futures Analysis – 15 January 2025 Financial Instrument: Canadian Dollar Futures (CAD/USD Futures) Price at the Time of Analysis: 0.69835 Key Levels and Trade Scenarios for Canadian Dollar Futures Today Bullish Above: 0.6989 Why Bullish Above:If Canadian... -
RSS Nasdaq Futures Analysis for Today
TradeCompass: Nasdaq 100 E-mini Futures Analysis – 14 January 2025 Financial Instrument: Nasdaq 100 E-mini Futures (NQ Futures) Price at the Time of Analysis: 20940 Key Levels and Trade Scenarios for Nasdaq 100 Futures Today Bullish Above: 21020 Why Bullish Above:If Nasdaq 100 futures... -
RSS S&P 500 Futures Analysis for Today
TradeCompass: S&P 500 E-mini Futures Analysis – 14 January 2025 Financial Instrument: S&P 500 E-mini Futures (ES Futures) Price at the Time of Analysis: 5882 Key Levels and Trade Scenarios for S&P 500 Futures Today Bullish Above: 5891 Why Bullish Above:A move above 5891 places the price... -
RSS EURUSD buyer make another run at the 200 hour MA
The EURUSD is moving back hgiher and is retesting its 200 hour moving average. Recall from earlier today, the price moved up to the 200-hour moving average and found willing sellers near the level. The price rotated back to the downside stalling ahead of its 100-hour moving average at 1.0268... -
RSS The AUDUSD and the NZDUSD are mired in an up and down trading range.
In the video above I take a look at both the AUDUSD and the NZDUSD from a technical perspective. From that perspective, each are doing similar things. For the AUDUSD, the upside was capped by its 200-hour moving average For the NZDUSD, the downside was supported by its 100-hour moving average... -
RSS EURUSD breaks higher. Extends above the 100 hour MA and buyers propel price to next target
The EUR/USD tested its 100-hour moving average twice earlier today, with sellers defending the level and pushing the price lower each time. However, in the past few hours, the pair broke above the 100-hour moving average, signaling a shift as sellers turned into buyers. This momentum propelled... -
RSS The USDCAD price action is misbehaving Sometimes you have to deal with it.
The USDCAD price action can be paralleled to a misbehaving child. You never know what may happen next. Sometimes there is a pattern you can predict, and other times, you simply don't know what you might get. Today, the USDCAD initially moved lower using moving averages as topside resistance. In... -
RSS USDCHF tries to take a step lower and fails.
The USDCHF moved lower earlier today help by the comments about phasing in tariffs from the Trump administration. The move to the downside from a technical perspective saw the price move below its 100 hour moving average (blue line on the chart below). However, that move was quickly reversed... -
RSS Euro FX Futures Analysis for Today
TradeCompass: Euro FX Futures Analysis – 14 January 2025 Financial Instrument: Euro FX Futures (EUR/USD Futures) Price at the Time of Analysis: 1.0245 Key Levels and Trade Scenarios for Euro FX Futures Today Bullish Above: 1.0293 Why Bullish Above:If Euro FX Futures rise above 1.0293, the... -
RSS British Pound Futures Analysis for Today
TradeCompass: British Pound Futures Analysis – 14 January 2025 Financial Instrument: British Pound Futures (GBP/USD Futures) Price at the Time of Analysis: 1.2158 Key Levels and Trade Scenarios for British Pound Futures Today Bullish Above: 1.2215 Why Bullish Above:If British Pound... -
RSS Kickstart the FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD
In the kickstart video for January 14, I take a look at the 3 of the major currency pairs ahead of the PPI data at 8:30 AM ET. The expectation is for 0.3% for the headline and the core measure. How those numbers come out, will influence the market price action in the 3 major currency pairs... -
RSS Ethereum Futures Analysis for Today
TradeCompass: Ethereum Futures Analysis – 14 January 2025 Financial Instrument: Ethereum Futures (ETH Futures) Price at the Time of Analysis: 3240 Key Levels and Trade Scenarios for Ethereum Futures Today Bullish Above: 3315 Why Bullish Above:If Ethereum futures rise above 3315, they will... -
RSS Crude Oil Technical Analysis - Eyes on the $80 level
Fundamental Overview After the breakout of the 2-month long range, crude oil has been squeezing higher with an almost 10% rally. The catalyst for the move higher since Friday has been attributed to tougher US sanctions on Russian crude on expected supply disruptions. The market has been also... -
RSS Bitcoin Futures Analysis for Today
TradeCompass: Bitcoin Futures Analysis – 14 January 2025 Financial Instrument: Bitcoin Futures Price at the Time of Analysis: 95800 Key Levels and Trade Scenarios for Bitcoin Futures Today Bullish Above: 97365 Why Bullish Above:If Bitcoin futures break above 97365, the price would surpass... -
RSS S&P 500 Futures Analysis Today
TradeCompass: S&P 500 Futures Analysis – 14 January 2025 Financial Instrument: S&P 500 E-mini Futures (ES Futures) Price at the Time of Analysis: Approximately 5900 Key Levels and Trade Scenarios for S&P 500 Futures Today Bullish Above: 5912.5 Why Bullish Above:If the price of S&P 500... -
RSS Gold Technical Analysis – Focus on the US inflation data
Fundamental Overview The price action in gold in the last few trading days has been all over the place. We saw a strange rally following the strong US NFP report and a drop to erase all the gains yesterday despite the lack of key catalysts. We now have the US PPI and CPI reports ahead and... -
RSS Gold consolidates gains as buyers and sellers wait for the next break
Gold is trading up and down since taking it's last run higher from September that saw the precious metal summit at $2790.07 on October 30. Since, then there was a Correction down to early/mid September lows at $2535 area, A couple of high at $2721.41, and A higher low at $2584.63 The price... -
RSS Crude oil futures settle at $78.82
The price of crude oil surged for the second consecutive day. Today they price settled up $2.25 or 2.94%. The catalyst? US sanction on Russian oil. The details: Crude: Crude hit a 5-month high, driven by new U.S. sanctions on Russian crude, which threaten to tighten global supply. U.S... -
RSS EURUSD trades below the 61.8% of the trading range since 2022 at 1.0200 but bouncing
The EURUSD moved to and through the 61.8% retracement of the range since the 2022 low to the 2023 high. That level came in at the natural support level of 1.0200. Breaking below was more bearish. The momentum on the break took the price down to 1.01753, but selling dried up and the price for... -
RSS US 10 year yield up seven of the last nine trading days
The 10-year yield has moved up seven of the last nine trading days. During that time, the yield has moved from a low of 4.51% to the current yield at 4.780%. Prior to that move, the yield had moved up from a December 6 low of 4.126%. Since mid-September, the yield is up from 3.60%. Those are... -
RSS AUDUSD sellers remain in firm control. What is needed to give the buyers a victory?
The AUDUSD on Friday fell below a swing low going back to October 2022 at 0.61695 (red number 2 on the chart below). That took the price to the lowest level going back to April 2020 (see chart below). In trading today, the price has been waffling up and down with a new low reached at 0.61309... -
RSS USDCHF extending toward highs from last week and highest level going back to May
The USDCHF is extending to new highs for the day and in the process is looking to test Friday's post-employment run to the upside. That high on Friday reached 0.91877. The high price today is just below that level. The price also moved away from the rising 100 and 200-hour MAs at 0.9125 and... -
RSS US stocks looking weak in premarket trading to start the week. Nvidia shares down -3.64%
The order US stock indices are on a three day losing streak and on pace for its 4th today with the premarket futures trading to lower levels. A snapshot of the implied openings shows: Dow industrial average -75 points. S&P -45 points NASDAQ index -234 points A major market bellweather... -
RSS USDCAD falls in early NA trading to a MA cluster. Buyers lean on the first test.
The USDCAD has moved sharply to the downside in early NA trading after the highs today stalled near the low of an upper swing area (at 1.44488) The market price waffled up and down in the European session today, but over the last hour or so has taken a run to the downside. That move lower saw... -
RSS Dollar is modestly higher to start the trading week. Stocks continue to tumble.
A day after the stronger than expected US jobs report, the USD is modestly higher with the largest gains vs the EUR (+0.52%) and the GBP (+0.81%). THe dollar has small gains vs the CHF, CAD, AUD and NZD and is lower vs the JPY (-0.22%) to start the week. EURUSD: THe EURUSD is stretching to the... -
RSS USDCAD Technical Analysis – New cycle highs ahead?
Fundamental Overview The USD got another boost on Friday following the NFP report as the data beat expectations by a big margin almost across the board. The market scaled back the rate cuts expectations further with now just one cut expected by the end of the year. The focus remains on... -
RSS USDCHF Technical Analysis – The data continues to boost the US Dollar
Fundamental Overview The USD got another boost on Friday following the NFP report as the data beat expectations by a big margin almost across the board. The market scaled back the rate cuts expectations further with now just one cut expected by the end of the year. The focus remains on... -
RSS Japanese Futures Analysis for Today
TradeCompass: Japanese Yen Futures Analysis – 13 January 2025 Financial Instrument: Japanese Yen Futures (JPY/USD Futures) Price at the Time of Analysis: 0.0063905 Key Levels and Trade Scenarios for Japanese Yen Futures Today Bullish Above: 0.0063865 Why Bullish Above:If the JPY/USD... -
RSS USDJPY Technical Analysis – The focus switches to the US CPI report
Fundamental Overview The USD got another boost on Friday following the NFP report as the data beat expectations by a big margin almost across the board. The market scaled back the rate cuts expectations further with now just one cut expected by the end of the year. The focus remains on... -
RSS Nasdaq Futures Analysis for Today
TradeCompass: Nasdaq 100 E-mini Futures Analysis – 13 January 2025 Financial Instrument: Nasdaq 100 E-mini Futures (NQ Futures) Price at the Time of Analysis: 20885 Key Levels and Trade Scenarios for Nasdaq 100 Futures Today Bullish Above: 20986 Why Bullish Above:If Nasdaq 100 futures... -
RSS EURUSD Analysis for Today
TradeCompass: EUR/USD Analysis – Euro FX Futures Today – 13 January 2025 Financial Instrument: Euro FX Futures (EUR/USD Futures) Price at the Time of Analysis: 1.0245 Key Levels and Trade Scenarios for EUR/USD Futures Today Bullish Above: 1.0265 Why Bullish Above:If EUR/USD futures climb... -
RSS S&P 500 Futures Analysis Today
TradeCompass: S&P 500 Futures Analysis Today – 13 January 2025 Financial Instrument: S&P 500 E-mini Futures (ES Futures) Price at the Time of Analysis: 5842 Key Levels and Trade Scenarios for S&P 500 Futures Today Bullish Above: 5866 Why Bullish Above:If the price of S&P 500 futures or ES... -
RSS Crude oil settles at $76.57
Crude oil is settling at $76.57 per barrel, up $2.65 or 3.56%. The price reached a 3- month high today. New U.S. sanctions targeting Russia's oil exports helped to contribute to the rise. The Biden administration imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, their... -
RSS USDCHF up for the 4th day in a row
The USDCHF is up for the 4th day in row. For a review of what that mean technically, click on the video below for all the risks, targets and "whys". This article was written by Greg Michalowski at www.forexlive.com. -
RSS USDCAD extends to new highs and toward upper ceiling area.
The USDCAD fell initially after the US and Canadian jobs reports both of came out stronger than expected. However, after the focus returned to the effect on the US dollar, that helped to reverse the USDCAD pair back to the upside. The price is now extending to a new high and in doing so is... -
RSS NZDUSD stretches toward low from 2022
The NZDUSD has stretched lower in trading today as the pair is hit on "risk off" flows as well as higher rates.The currency pair is down around -0.70% and the biggest mover vs the USD today. Technically, the price is stretching closer to the 2022 low which reached 0.55105. The low price today... -
RSS NASDAQ moves down into swing area target
The NASDAQ index moved to a low of 19143.64. That was down over 300 points on the day and in the process has moved within a swing area defined by recent swing lows of swing highs between 19119 and 19208 . A move below that area would open the door for further selling technically (see renumbered... -
RSS USDJPY moves up to swing area target and backs off. Price stays within swing area.
The USDJPY has been trading within a swing area between 157.66 and 158.86. Looking at the daily chart today, the low price came in just below the low of the swing area and 157.62. The high price reached just above the high of the swing area at 158.86. The swing area is wide but traders are... -
RSS EURUSD moves lower after strong US jobs report. What are the technicals tell traders?
The US jobs report came in stronger than expectations and that has led to yields moving sharply higher. The year is up 9.0 basis points they 10-year is up 8.6 basis points. For the EURUSD it fell to a new low going back to November 2022. The low price reached 1.0212. The 61.8% retracement of... -
RSS AUDUSD rates below 2022 and 2024 lows. Trades at lowest level since April 2020
The AUDUSD is breaking below the 2022 and 2024 lows. On the last day of the trading year, the price moved to a low of 0.61785. That was just above October 2022 low and 0.6170. Yesterday, the price moved to 0.6171 but once again found support buyers. Breaking below those level opens the door for... -
RSS What technical levels are in play through the US and Canada jobs reports. Be aware.
It is unemployment day with both the US and Canada jobs reports being released. Economists forecast a rise of 160,000 payroll jobs in December, with the unemployment rate expected to remain at 4.2%. Average hourly earnings growth is projected to cool to 0.3% from the previous 0.4%. The ADP... -
RSS Nasdaq Technical Analysis - The market awaits the US data for direction
Fundamental Overview The Nasdaq has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected. The Fed continues to place a great deal on inflation progress to proceed with further rate cuts as highlighted by Fed’s Waller this week... -
RSS S&P 500 Technical Analysis - Awaiting the key US data for the next major move
Fundamental Overview The S&P 500 has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected. The Fed continues to place a great deal on inflation progress to proceed with further rate cuts as highlighted by Fed’s Waller this week... -
RSS Russell 2000 Technical Analysis – The focus has switched back to inflation
Fundamental Overview The Russell 2000 has been consolidating around the lows after the quick drop following the FOMC decision in December as the market perceived it as more hawkish than expected. The Fed continues to place a great deal on inflation progress to proceed with further rate cuts as... -
RSS Gold Technical Analysis – All eyes on the US NFP report
Fundamental Overview Gold made a new weekly high yesterday as the price broke above a key level. We have the US NFP and CPI reports ahead and they are going to move the market a lot so the recent breakout could turn into a fakeout pretty easily. The market’s pricing didn’t change much as... -
RSS Buyers in control in the USDCAD. What would tilt the bias back down?
The USDCAD sellers had a shot earlier this week with breaks outside an up-and-down "Red Box" to the downside. The first move was on Monday. The 2nd on Tuesday. Each failed on the break The sellers had their shot. They missed. The price rise saw the pair's price move above the 100 and 200 hour...