TradeCompass | Key Levels & Trade Plan for Nasdaq Futures Current Price: 19,887 (at time of analysis) Bias: Neutral with slight bearish pressure building Nasdaq analysis for today Overview: Nasdaq Analysis for Day Traders and Swing Traders This Nasdaq analysis for today finds the market trading just above yesterday’s close, with the futures hovering around […]
The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20. The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US
Fed Chair Powell’s “inflation is transitory” induced rally in US stocks may be temporary. Market breadth remains weak in the Nasdaq 100. Watch the 20,340/790 key medium-term resistance on the Nasdaq 100 where it may spark another impulsive down move sequence. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
AUD/USD weakens as the US Dollar strengthens on safe-haven demand amid rising risk aversion driven by US tariff concerns. Fed Chair Jerome Powell acknowledged the difficulty in evaluating the broader inflationary impact of tariffs. The Australian Dollar faces pressure as traders reassess the RBA’s monetary policy outlook following disappointing jobs data. AUD/USD remains under pressure
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday. That beat forecasts for a deficit of NZ$235 million following the downwardly revised NZ$544 million shortfall in January (originally -NZ$486 million). Exports came in at NZ$6.74 billion, up from the downwardly revised NZ$6.06 billion in the previous
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The Greenback made a U-turn, building on Wednesday’s post-FOMC recovery and climbing to weekly highs as investors reassessed the Federal Reserve’s lack of urgency in cutting rates. Here is what you need to know on Friday, March 21: The US Dollar Index (DXY) regained the smile and returned to the area beyond the 104.00 barrier
Bank of Canada (BoC) Governor Tiff Macklem is squeezing his money’s worth out of his appearance at the Calgary Economic Development meeting in Calgary, delivering further soundbites about the BoC’s stance in regards to inflation and tariffs to followup his earlier appearance. BoC Governor Macklem is selling a mutated forward guidance approach from the Bank
Brent Crude prices are experiencing volatility due to conflicting factors: increased US crude inventories but decreased fuel supplies, new US sanctions on Iran, and potential US tariffs. The possibility of extending Chevron’s license to operate in Venezuela is being considered. Technically, Brent Crude is trading within a tight range (70.18 – 72.39), with the RSI
Prior was 4.08m (revised to 4.09m) Sales up +4.2% vs -4.9% prior (revised to -4.7%) Median prices 3.8% vs +4.8% y/y prior at $398,400 Inventory at 3.5 months vs 3.5 months prior This week’s housing starts number was surprisingly strong but the NAHB home builder survey also deteriorated. This is another good number and suggests
Sterling is trading slightly firmer today, though it struggles against the rebounding Dollar and Yen. BoE’s rate decision leaned slightly more hawkish than expected, with only one member of the MPC, the known dove Swati Dhingra, voting for a rate cut. The rest supported keeping rates on hold. The overall tone of the statement remained
The Bank of England (BoE) kept its policy rate unchanged at 4.50% in its March meeting, as widely anticipated. However, the decision wasn’t unanimous — while eight policymakers backed the hold, just one (Swati Dhingra) pushed for a 25 basis point cut. BoE policy statement takeaways Policy statement keeps phrase: “A gradual and careful approach to
2025.03.20 2025.03.20 Pound Struggles to Extend Upside Against Greenback. Forecast as of 20.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The GBPUSD rally was driven by the US dollar’s weakness and an underestimation of the UK economy. Will the pound regain its position above 1.3, or will the recent tariffs implemented by the US administration hinder its progress? Let’s discuss
