Created on January 06, 2025 Potential signal: I would be a buyer of the US dollar at 4.53 MYR. I would have a stop loss at 4.47 MYR, and would be aiming for 4.65 MYR. Looking at emerging markets, the US dollar continues to be a bit of a thorn in the side for a

Article Outline Key Events: German Prelim CPI, ISM Services PMI, and U.S. Non-Farm Payrolls EUR/USD Trend Scenarios: Bullish reversal bias vs. primary downtrend (3-day and monthly timeframes) Technical Analysis (TA) Tip: Forecasting with channels Key Events Eurozone Inflation The EUR/USD ended 2024 on a bearish note, driven by the strength of the U.S. dollar, ECB

Markets US and EMU yields initially maintained the post-Fed upward bias that still reigned during the first 2025 trading sessions last week. However especially US LT yields are closing in on key technical resistance levels. The US 10-y yield is testing the end December top (4.64%), with the 2024 top (4.73%) also nearby. The 30-y

With the year drawing to a close and the “Santa rally” not materialising, investors will now be looking for the next big moves as January gets underway. However, be aware that things may not fully get going until the week beginning January 6. Here’s what to watch this month: The USD: The Federal Reserve cut

Created on January 06, 2025 The strongest bearish trajectory for the EUR/USD price performance remains ahead of the announcement of the important US jobs figures this week, along with the announcement of the minutes of the last meeting of the US Federal Reserve. Last week’s losses for the EUR/USD pair reached a support level of

Photo used for illustration purpose only. | Photo Credit: Reuters The rupee declined 4 paise to settle at a fresh record low of 85.83 (provisional) against the U.S. dollar on Monday (January 6, 2025), amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond

Created on January 06, 2025 Another day, another rally in the greenback against the Canadian dollar, but it is worth noting that we are threatening a pretty serious resistance barrier in the form of the 1.45 level. When you look at the history of this pair, this is an area that’s obviously been massive resistance.

Australia based Retail FX and CFDs broker ACY Securities has announced a significant upgrade to its copy trading service at Tradingcup. Starting January 2, 2025, clients and signal providers will gain full access to the MT5 trading platform, expanding the trading opportunities for smart traders globally. ACY said that its Tradingcup copy trading platform has seen tremendous success

Will Trump 2.0 push USD to multi-decade highs? Uncertain market dynamics to drag oil to Covid-19 lows? FXTM’s EU50 to dazzle with fresh records in 2025? In 2025, global financial markets will arguably revolve around one dominant force: US President Donald Trump. Given our Trump-centric focus, we highlight 3 key assets that could serve up

Fundamental Analysis & Market Sentiment I wrote on 29th December that the best trade opportunities for the week were likely to be: The weekly loss of 0.79% equals 0.26% per asset. Last week saw a more active market as the Christmas holiday came to an end; the very few key takeaways were: US ISM Manufacturing

Created on January 05, 2025 WTI Crude Oil put in a week of gains and the price of the commodity actually came within eyesight of the 74.000 USD ratio on Friday, but in rather lightly traded markets that are suspect. WTI Crude Oil ended the week near the 73.385 ratio. The commodity traded near the

Created on January 05, 2025 USD/MXN The US dollar has rallied rather significantly against the Mexican peso during the previous week but has given back some of the gains. All things being equal, think we continue to focus significantly on the 21 MXN level, which is an area that if we were to break above,

Created on January 05, 2025 The EUR/USD went into the weekend near the 1.03080 mark, this  briefly testing a low around the 1.02235 ratio on Thursday while thin trading conditions prevailed. Traders of the EUR/USD should be braced for an immediate test of sentiment upon Monday’s opening. Full volumes are set to return for the

Created on January 05, 2025 The past week of trading in Coffee Arabica saw relatively calm highs of nearly 330.90 on Thursday, which were preceded by lows around 313.25 on Tuesday – a price not seen since the first week of December. Coffee Arabica was able to break lower early this past week and penetrate

Closing out a fairly active 2024 for institutional FX trading, December saw a 12.8% month-over-month decline in average trading volumes at leading eFX venues surveyed by FNG – which is not unusual given that much of late December is (almost) always quiet in the financial markets. Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted

A customer holds hundred rupees Indian currency notes near a currency exchange stall in New Delhi. File photo | Photo Credit: REUTERS The rupee depreciated 3 paise to 85.78 against the US dollar in early trade on Friday (January 3, 2024), weighed down by the strength of the American currency in the overseas market and

Canadian Dollar Talking Points: USD/CAD just closed above 1.4000 to finish the year for the first time since 2002. Over the past decade there have been two separate instances of USD/CAD testing above the 1.4000 handle, and in both cases, price topped within 32 pips of the 1.4700 level. A key fundamental driver behind the

Australian Dollar Technical Outlook: AUD/USD Short-term Trade Levels AUD/USD plunges more than 5% in November- testing downtrend support into yearly open Australian Dollar fifth weekly decline on building daily divergence-risk for inflection Resistance 6270/96, 6348/62 (key), 6434– Support 6170/88 (key), 6100, 6007/45 The Australian Dollar is poised to mark a fifth-consecutive weekly decline with AUD/USD

EUR/GBP stayed in sideway trading in range of 0.8221/8326 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance