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…
Read More »The NASDAQ and S&P indices close at record levels
The major US stock indices are closing mixed with the Dow industrial average lower while the broader S&P and NASDAQ indices are closing higher, and at record levels. A snapshot…
Read More »Bitcoin blasts through Key resistance. 38.2% retracement at $74,400 in sight
Bitcoin is back in the driver’s seat today, surging over 7.5%—its strongest single-day performance since early February and the second-largest gain since April 2025. The Technical Setup: The spark for…
Read More »Major European indices close mixed. France’s CAC and Italy’s FTSE MIB close lower
The major European equity indices ended the session with mixed results, with France’s CAC and Italy’s FTSE MIB finishing in negative territory while Germany and Spain posted gains. Germany’s DAX…
Read More »EURUSD Technicals: EURUSD erases earlier gains and retraces to MA support
The EURUSD moved higher earlier in the session, finding support and basing in the Asian Pacific session at a confluence of technical levels — a swing area and the 38.2%…
Read More »European indices close higher on the day/for the week
Major European indices are closing higher on the day and for the week as well: German DAX, +0.13%. For the week 1.72% France’s CAC, unchanged. For the week +0.63% UK’s…
Read More »Blackrock Reider: I think the Fed should cut by 50 basis points next week
We are now talking about the Fed that could cut rates 3 times by 25 basis point before the end of the year I think the Fed should cut by…
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