(Video transcript) This week’s trading opportunity Axel Rudolph: Hello and welcome to “Trade of the week” on Tuesday 6th May, 2025. And unfortunately for me, or for you actually, we are already well on our way for this new trade. And if you look at it, it’s going short USD/JPY. And, for those of you who
Most Read: Markets weekly outlook – Central Banks in focus as risk appetite improves U.S. stock futures suggest a second day of losses. Palantir’s stock fell 9% in early trading after disappointing results. Ford’s stock also dropped after pulling its financial outlook and warning about the impact of tariffs. /* Requesting advertisement by calling an
The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback rebounded last week after Trump said there was significant progress in trade talks. Business activity in the US services sector expanded further. The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback fell
2025.05.06 2025.05.06 Hikkake Pattern: Learn How To Trade It Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Hikkake pattern is a candlestick pattern used by traders to analyze the market and pinpoint optimal entry points. It helps traders identify false breakouts and predict further price movement. This pattern can be integrated into various trading strategies, making it suitable for both novices
The problem with a secret ballot is that it is as the name implies, a secret. That means as things stand, Merz wouldn’t even know who he has to talk to in order to turn the votes around unless those who opposed owns up to it. And let’s face it, that never happens in politics.
Dollar remains on the soft side today, although losses are so far limited. Currency market activity is subdued as traders remain cautious ahead of the upcoming FOMC rate decision. While no policy changes are expected from the Fed tomorrow, markets are watching closely for any forward guidance. Notably, expectations for a June rate cut have
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks continue to act as a tailwind for the safe-haven JPY. The divergent BoJ-Fed expectations further contribute to capping USD/JPY ahead of the FOMC meeting. The Japanese Yen (JPY) reverses an Asian session dip against its
China’s service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers’ Index fell to 50.7 in April from 51.9 in March. The reading was forecast
Mixed market reactions across European indices European equity markets started the new week with mixed results. The Germany 40 (DAX 40) rose by over 1%, while the France 40 (CAC 40) fell by 0.6%. Meanwhile, London and the FTSE 100 enjoyed a long weekend due to the May Day public holiday. German political landscape shifts
European asset managers and pension funds are adding more currency hedges to their US equity portfolios following a breakdown of the so-called ‘dollar smile’. The greenback typically appreciates when US stocks are booming or under extreme stress. For foreign investors, the phenomenon – known as the dollar smile – offers a natural hedge against sharp
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
China’s Services Purchasing Managers’ Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday. The data missed the market forecast of 51.7 in the reported period by a wide margin. AUD/USD reaction to China’s Services PMI The Chinese proxy, the Australian Dollar (AUD) remains deep
Australian March 2025 Building Permits -8.8% m/m expected -0.6%, prior -0.3% For the y/y +13.4% Also out were data for Australian Household Spending in March: -0.3% m/m, its slowest in 6 months +0.2% expected and +0.2% prior +3.5% y/y vs. expected 3.9%, prior 3.3% AUD/USD little changed, circa 0.6450 Later this year, ForexLive.com is evolving
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
EUR/JPY was seen around the 163.00 zone after retreating during Monday’s session. Broader bias stays bullish, with downside limited by upward-trending averages. Price holds above key supports, while resistance aligns with short-term recovery targets. The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian
