GBPUSD buyers push the price above a swing area target.
The GBPUSD surged higher yesterday, extending its rally toward a key swing level at 1.34797. However, during the Asia-Pacific and early European sessions, the pair corrected lower, retracing back to…
Read More »US advance goods trade balance for June -$101.5 billion versus -$100 billion estimate
Prior was -105.8 billion. The worst since July 2025 Exports of goods for May 204.7 billion versus $207.7 billion last month. That is -3.8 billion less than May exports Imports…
Read More »US GDP final Q1 2.1% versus 1.6% estimate
Prior estimate 1.6%. Prior quarter 0.5% GDP Final Q1 2.1% vs 1.6% estimate and 1.6% prior estimate GDP sales final 1.9% vs 1.5% estimate and 1.5% prior estimate GDP consumer…
Read More »US June Philly Fed business index 10.3 versus 10.0 estimate
Prior -0.4 Details: New orders 27.3 versus -1.7 prior Shipments 14.9 versus 4.9 last month Unfilled orders 10.5 versus -2.5 last month Delivery times 10.8 versus -10.4 last month Inventories…
Read More »NASDAQ on pace for its worst day day since April 10, 2025
The NASDAQ is now down more than 1,000 points, or -3.84%, at 25,801, with the session low reaching 25,753.93. Selling pressure accelerated following reports that Microsoft may look to tap…
Read More »What are the bias, risks, and key targets for the EURUSD, USDJPY, and GBPUSD right now?
As the new trading day gets underway, markets are off to a relatively cautious and choppy start. Oil prices are modestly lower and trading near session lows after giving back…
Read More »Powell exits after one of the wildest Fed eras in history
Powell exits amid another bond market surge Jerome Powell is leaving the Fed chairmanship at a time when the bond market is once again under pressure. The 10-year Treasury yield…
Read More »EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control
The EURUSD is trading sharply lower after breaking below a major technical support cluster defined by the 200-day moving average and the 38.2% retracement of the rally from the February…
Read More »USDCAD runs up to key resistance target and finds willing sellers
Soon after the better-than-expected US jobs report in the worse than expected Canadian jobs report, I posted the following brief commentary and chart: The key resistance zone overhead was defined…
Read More »US March Trade advanced goods trade balance -$87.8B versus $-86.95 billion estimate
Prior was $-83.5 billion Details: Trade deficit widened to $87.9B in March (vs. $83.5B in February) Deficit increased by $4.4B month-over-month Exports rose to $211.5B (+$5.2B from February) Imports climbed…
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