After a solid run higher over recent weeks, BTC and ETH has continued the pullback that started towards the middle of last week. At the time of writing BTC (white) was down 2% on the session, with ETH (red) down just over 3%. On the higher timeframes, BTC is currently trading below its 50DMA. Next

Nvidia and UnitedHealth drive shifts in US market dynamics The US Tech 100 (Nasdaq 100) and the US 500 (S&P 500) finished lower on Friday, while the blue-chip Dow Jones reached a record high – about eight weeks after the Nasdaq and S&P 500 achieved their own milestones. The rally in the Dow was supported

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Below is a quick snapshot of today’s implied volatility support and resistance levels for EURUSD, USDJPY and GBPUSD. EURUSD: 1.17600 (resistance) – 1.16600 (support) USDJPY: 148.00 (resistance) – 146.400 (support) GBPUSD: 1.36100 (resistance) – 1.3500 (support) These levels are based on 1-month implied volatility and can be used as dynamic and market-based levels of support

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A quick snapshot of central bank rate expectations ahead of the week’s events. We have CA CPI, UK CPI, the RBNZ decision and Jackson Hole so BoC, BoE, RBNZ and FOMC pricing is the most important. Given the recent data we’ve seen across the board, as well as the current global trade context, it will

It’s not the most exciting week in terms of economic data, and today is the slowest one in terms of data. Asia-Pac has the July Business Services Index, but apart from that, it’s a snoozer. Later in the EU/US session, we do have the NAHB Housing Market Index, but when that is your economic highlight

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

U.S. retail sales for the month rose 0.5%, matching expectations, following a revised 0.9% increase in June (originally reported at 0.6%). The ex-auto reading also came in as expected, but the prior month was revised higher to 0.8% from 0.6%. The control group, which strips out volatile components and is a key input for GDP

Log in to today’s North American session Market wrap for August 15 Today, US data showed some resilience yet again with the Retail sales coming as expected at 0.5%, with Markets selling the USD in the period that followed. The current session has been a weird one, with almost everything linked to the US going

As the leaders respective planes land on the tarmac in Alaska, and the world awaits the vision of both leaders on US soil, the US has reportedly readied a suite of options to punish Russia if the talks fail. Including sanctions on Rosneft and Lukoil if Putin balks on cease-fire. The hype has been laid

Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing

The weekly Baker Hughes rig count stays steady: Oil rig count +1 at 412 Gas rig count -1 at 122 Total rig count unchanged at 539 Crude oil is trading down $0.72 or -1.13% at $63.24.. For the trading week, the price is near unchanged at current levels. The price last week closed at $63.33.

The USDCAD has moved higher this week, but it hasn’t been a smooth ride. The low for the week was set on Monday, with the total trading range holding to a relatively narrow 70–75 pips. The high was reached on Thursday, coming in near a swing high from August 1. Today’s pullback tested the rising

This week has been essential for the future course of action for both the Aussie and the US Dollar.After Tuesday’s Royal Bank of Australia meeting, where the unanimous decision to cut rates by 25 bps to 3.60%, the Aussie had strengthened a tid-bit.Australian data following the meeting included Employment which largely came as expected and