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Friday, February 21, 2025

American Market Recap: AUDUSD falls as risk-off sentiment and technical sellers push the pair lower

AUDUSD falls as risk-off sentiment and technical sellers push the pair lower

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... 

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Pain in the stock market: 8 things are adding up to an ugly selloff

US stock markets are under some heavy pressure today with the S&P 500 down 1.5% and the Russell 2000 down 2.5%. Some worries have been building for awhile and at the moment I don't think it's one... 

Fed's Goolsbee: Steel tariffs will raise production costs in region

Fed's Goolsbee is lurking around saying that: Steel tariffs will raise production costs in the region. He has spoken a few times this week. As a result, what he says will likely not impact the markets... 

USDJPY falls below the 50% midpoint

USDJPY technicals The USDJPY has moved below the 50% midpoint of the move up from the September 2024 low at 149.22. The low just reached 148.98. The price is also below a swing area between 149.078 an... 

Baker Hughes oil rig count rises -7 in the current week

Baker Hughes rig count for the week shows: Oil rigs up 7 at 488 Natural gas rigs down -2 at 99 Total rigs +4 at 592 Crude oil is down -1 dollar anyone cents or -2.5% at $70.67. For the trading week, t... 

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FX option expiries for 21 February 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . There are ones for EUR/USD layered through from 1.0440 to 1.0485. That might offer something to work with should the euro area P... 

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