Asia FX dithers as dollar steadies before Powell speech; yen muted after CPI data

Asia FX dithers as dollar steadies before Powell speech; yen muted after CPI data
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Asia FX dithers as dollar steadies before Powell speech; yen muted after CPI data
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USDCHF has provided traders with a textbook example of how Fibonacci extension zones can act as powerful resistance. After an extended move higher, price reached the 0.8020–0.8092 extension area, where sellers decisively stepped in. The rejection at this zone not only halted the advance but triggered a fresh wave of decline, reinforcing the importance of…
No one in pop has had a year like Addison Rae. She may not be the biggest star – that remains Taylor Swift – or even the most commercially successful breakout act. But the dreamy dance-pop haze of her debut album, Addison, made her into an artist’s artist, loved by the likes of Charli xcx…
The currencies of Mexico (USD/MXN), Canada (USD/CAD) and China (USD/CNH) are under pressure on Tuesday morning after President-elect Trump signaled readiness to use tariffs to secure tighter US borders and reduce Fentanyl inflows from China. Whilst the move can be seen as a negotiating tactic before he takes office on 20 January, it is risky…
European Economic Growth Could Keep ECB Easing XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
The Dow Jones is showing a potential double bottom pattern amid China’s retaliatory tariffs. Volatility is high, with the S&P 500 experiencing a significant daily reversal, and the CBOE Volatility index near its highest since August of the previous year. Upcoming FOMC minutes and US CPI data releases are expected, but tariffs may currently have…
From the man on the street on Trump’s auto tariffs What is the end game on auto tariffs? Looking at President Trump’s auto tariffs I am glad that I got a car at the end of last year and did not wait until now. So, let me approach the auto tariffs, not as a trader…