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Friday, January 24, 2025

American Market Recap: The GBPUSD is the biggest mover today with the run to the upside breaching key technicals

The GBPUSD is the biggest mover today with the run to the upside breaching key technicals

The GBPUSD is the biggest mover today with a run to the upside of above 1% on the day. Better PMI data for manufacturing and services gave the pair a shove to the upside. Technical breaks were a tailw... 

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US crude oil futures is settling $74.66

The price of WTI crude oil futures are selling at $74.66. That's up a modest 4 cents or 0.05%.. Looking at the daily chart, the price is settling below its 200 day moving average for the second day in... 

Looking like a record close in the S&P today were NASDAQ index

The S&P index closed at a record level yesterday, and today the intraday high made a new record at 6128.18. However gains have not been sustained, and the major indices are on these 4 declines. A... 

The AUDUSD has moved above a key swing today & it gives buyers some control into new week.

In trading today, the price of the AUDUSD moved above the 38.2% of the move down from the end of November high at 0.6290 along with the swing area between 0.6287 and 0.63016. The break is more bullis... 

Whoever figure out how to build things again will win the next decade in markets

If I had a simple thesis for a trade for the next decade in the foreign exchange market it would be this: Invest in which ever country makes it easy to build again. I spent last week in Dubai and it w... 

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Latest Forex Orders

FX option expiries for 24 January 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . And they are for EUR/USD at the 1.0400 and 1.0480 levels. The pair is currently running into some short-term resistance aro... 

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