Technical Analysis

On Wednesday, the Japanese yen extended its decline for the third consecutive day, pushing the USD/JPY pair to a new two-week high above the key 147.00 level during the Asian session. The pressure on the yen is driven by concerns over the economic consequences of the 25% tariffs announced by U.S. President Donald Trump, now

The price of crude oil is settling up $0.93 or 1.39% at $67.93. That comes despite a large and expected production boost announced by OPEC+ over the weekend. The high price today reached $68.28. That was the highest level since June 23. Members of OPEC+ expected to increase by 411,000 barrels per day as it

Trade Review and Recommendations for the Japanese Yen The test of the 144.27 level occurred when the MACD indicator had already moved far below the zero mark, which limited the pair’s downward potential. For this reason, I did not sell the dollar. A second test of 144.27 provided an entry point for implementing Buy Scenario

Fundamental Overview Gold has been on a steady rise since bouncing on a major trendline and the market increasing the easing bets for the Fed. The momentum waned a bit though as market participants await the NFP release before the US holiday tomorrow. In the bigger picture, gold remains in an uptrend as real yields

On Monday, the EUR/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.1712 and rose toward the next level at 1.1802. A rebound from this level would favor the US dollar and lead to a slight decline toward 1.1712. A breakout and close above 1.1802 would support further growth toward the next Fibonacci level

NASDAQ Futures Analysis Today: Order Flow Weakness Signals Caution Order Flow Intel by InvestingLive.com | June 27, 2025 NASDAQ futures are showing signs of fading momentum this morning, with sellers stepping in at key resistance zones and the latest order flow data suggesting a cooling trend compared to yesterday’s session. This is a critical time

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar and a potential decline toward the 1.1645 and 1.1574 levels. A daily close above 1.1712 would increase the likelihood of further growth toward the next level at

Fundamental Overview The US dollar yesterday got bid across the board in the European session with no strong fundamental background which suggested that it could have been just some position squaring given the overstretched shorts on the dollar. Sure enough, the gains were eventually completely erased and the greenback got sold off pretty hard on

On Friday, the EUR/USD pair continued to rise after rebounding from the 76.4% corrective level at 1.1454. However, on Monday night, the pair returned to this level. A new rebound allows for expectations of renewed growth in the euro toward the 100.0% corrective level at 1.1574. A consolidation of the pair’s rate below 1.1454 would

In the video above, I kickstart the trading day in NA by outlining the technicals that are driving the 3 major currency pairs today – the EURUSD, USDJPY and GBPUSD. The USD is little changed vs the EUR and the GBP but up vs the JPY (by 0.43%). The biggest movers are the AUD and

On Wednesday, the EUR/USD pair resumed its decline after a short pause and by Thursday morning settled right around the 76.4% Fibonacci retracement level at 1.1454. A rebound from this level will support the euro and lead to a slight rise toward the 100.0% Fibonacci level at 1.1574. A firm consolidation below 1.1454 would increase

The USDCAD is pushing to fresh lows as safe-haven demand for the U.S. dollar fades and rising oil prices provide a tailwind for the Canadian dollar. From a technical standpoint, the pair has broken below the prior low for the year, reaching 1.3574—its lowest level since early October 2024. The drop took the price beneath

Early in the American session, the euro is trading around 1.1499, retreating after reaching its highest level last seen in 2021 around 1.1630. It would be prudent to buy the EUR/USD pair around 1.1491, as this level coincides with the 7/8 Murray and 21 SMA, which could offer a technical rebound in the coming hours.

Fundamental Overview The USD finally got a bit of a boost after the FOMC decision despite the central bank maintaining the status quo. In fact, the Fed kept rates steady, reduced the QT pace, revised growth lower and inflation higher, and kept the dot plot mostly unchanged. Fed Chair Powell acknowledged the current uncertainty around

Fundamental Overview Gold dropped yesterday following the weak US consumer confidence report. The main culprit for the weakness in gold was the selloff in the US stock market as it tightens financial conditions when it’s aggressive. The problem here is that we got weaker economic data with increasing inflation expectations. The market might be fearing

The AUDUSD moved higher yesterday as the USD weakened, bringing the pair within 5 pips of the 38.2% retracement level from the September 2024 high. Just above that, the falling 100-day moving average (MA) also acted as resistance. Sellers leaned into these levels, leading to a technical rotation lower. As the session progressed, US equity

Fundamental Overview Gold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t change anything. Sure enough, the market eventually started to erase the losses with the

Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core