Another week has come and gone. The US Federal Reserve (Fed), the Bank of England (BoE), and the Bank of Japan (BoJ) all left their respective policy rates unchanged. The Fed underlined increased economic uncertainty (most central banks emphasised similar concerns), with growth (inflation) forecasts revised lower (higher). The BoE’s meeting was a bit of
READ MOREAs anticipated by economists and investors, the US Federal Reserve (Fed) kept the federal funds target rate at 4.25% – 4.50%. Overall, the rate statement and the Summary of Economic Projections (SEP) aligned with expectations. Rate Statement For ease of reference, I have highlighted new additions to the statement in green and indicated sentence removals
READ MOREVersus the US dollar, spot gold (XAU/USD) rallied strongly in the early hours of the US session and is now up 1.5% on the day. Currently trading at US$2,977 and refreshing record highs, the precious metal is on the cusp of bumping heads with the widely watched US$3,000 level. Gold’s Uptrend Remains Intact Although Gold’s
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Shaking Hands with 50-Month SMA Monthly Timeframe: Following the announcement of Germany and the European Union’s notable fiscal expenditure plans, this has underpinned the euro (EUR) and European yields. Consequently, the EUR/USD (euro versus the US
READ MOREUS President Donald Trump turned up the heat on the tariff front last week, which, honestly, is becoming hard to keep track of. While it may be different not long after I publish this, as of writing, tomorrow will see the US administration impose 25% tariffs on Canada and Mexico following the 30-day reprieve. A
READ MOREFebruary has not been kind to Tesla (ticker: TSLA), settling the month down 28% and stirring levels not seen since November 2024. I will keep the following analysis simple and concise. Despite the eye-watering drop in February, a daily support area entered the fray on Friday between US$264.82 and US$272.25, made up of the following
READ MORESeveral themes are at play right now, which contributed to a selloff across risk assets last week. Influenced by political shenanigans (tariffs) and the Bybit exchange breach, this sent Bitcoin (BTC) 17.5% lower versus the US dollar (USD) by the close of trading on Friday. Monthly Chart: Room to Explore Deeper Waters There is not
READ MOREBuyers and Sellers Squaring Off Between Monthly Support and Resistance Monthly resistance from 109.33 was a technical headwind I monitored on the US Dollar Index for a while, and so far, it has not disappointed me. The said resistance welcomed moderate selling in February, and although the combination of the 107.35 high (October 2023) and
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: AUD/NZD Whipsaw Brewing? Daily Timeframe: The AUD/NZD cross (Australian dollar versus the New Zealand dollar) recently faded long-term daily resistance from NZ$1.1175 and probed below daily support at NZ$1.1088 (now marked resistance). The area I highlighted in
READ MOREUSD Bulls on the Ropes The US dollar (USD) – per the US Dollar Index – is on track to end February on the ropes following January’s monthly indecision candle at the resistance of 109.33. I believe USD bears have space to drive towards a ‘local’ descending support around 105.40ish, extended from the high of
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: US Dollar Index Exploring Lower Levels Daily Timeframe: This week has witnessed price action regain some control from a 100% projection ratio at 106.65 (equal AB=CD support), though upside has been hampered by resistance from 107.05. Should
READ MOREWhile the UK is evading US tariffs for now, its economy continues to face a somewhat undecided future, with taxes on business set to increase in April and a lingering drag from the elevated interest rates. However, this week’s focus shifts to a rather busy slate of economic data in the UK. Regarding tier-1 metrics,
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