2 months ago
The Euro rose quite a bit in early trading on Thursday, but with the jobs report coming out, I'm watching the 1.1640 level. That was where we had seen that massive sell-off. I'm looking for signs of exhaustion to short this. Now, I don't want to get married to this position. This is not going to be a long-term position by any stretch of the imagination, but I think it's difficult to imagine a market that's just truly going to fly ahead of that Nonfarm Payroll announcement. It could, obviously, but I'm looking for signs of exhaustion to start shorting.
The dollar against the Canadian dollar has fallen pretty significantly over the last couple of days, but we have a gap down here at 1.3780 that I'm watching very closely. If we get a bounce from here, I'm willing to go long. Now, keep in mind both of these countries produce their jobs report at the same time on Friday morning, so I'll be out of this position no matter what it does before then.
With that being said, as long as we get some type of bounce, I'm willing to play that V-shaped pattern here as the interest rate differential continues to favor the United States despite the fact that rates have dropped a little bit early in the session.
Finally, the USD/CHF pair. This is one I've been long for a very long time. It is falling apart. Again, like the Euro, I'm kind of watching to see a little bit of exhaustion somewhere right around the 0.8050 level. I'll be watching to see if we get a bounce. That's a place I could go long. But again, I don't want to be in the dollar when the Nonfarm Payroll announcement comes out. So all of these will be very short-term trades at best.
If you'd like to know more about how to trade forex, please visit our educational area.
#position #euro
The dollar against the Canadian dollar has fallen pretty significantly over the last couple of days, but we have a gap down here at 1.3780 that I'm watching very closely. If we get a bounce from here, I'm willing to go long. Now, keep in mind both of these countries produce their jobs report at the same time on Friday morning, so I'll be out of this position no matter what it does before then.
With that being said, as long as we get some type of bounce, I'm willing to play that V-shaped pattern here as the interest rate differential continues to favor the United States despite the fact that rates have dropped a little bit early in the session.
Finally, the USD/CHF pair. This is one I've been long for a very long time. It is falling apart. Again, like the Euro, I'm kind of watching to see a little bit of exhaustion somewhere right around the 0.8050 level. I'll be watching to see if we get a bounce. That's a place I could go long. But again, I don't want to be in the dollar when the Nonfarm Payroll announcement comes out. So all of these will be very short-term trades at best.
If you'd like to know more about how to trade forex, please visit our educational area.
#position #euro
2 months ago
The US dollar against the ***** anese yen is a pair that I watch all the time. I actually have longer-term buy-and-hold positions in this, but I may be adding to this if we can break to a fresh new high somewhere around 160.33.
This is a market that I have no interest in shorting because of the interest rate differential, but there is a little bit of intervention risk here. For myself, I've been long of this pair for months, so this is an addition to what I already have been doing. For short-term trading, it is a viable potential breakout play. I would keep an eye on that 159.8 level, though. A breakdown below that level could signify some type of shift in momentum.
The Australian dollar is a pair that I'm watching closely. If we can break down below the 0.7130 level, I might start shorting for a small move, maybe down to about 0.71, with a stop loss above 0.7160. This is an interest rate play, and the US dollar, of course, is seeing higher rates, while Australia is as well, but it's a different ratio; it's a different amount. The situation still favors the US dollar as far as that is concerned.
The New Zealand dollar, same story. I either sell a break below the 0.5885 level, or I sell a rally that shows signs of exhaustion near the 0.5915 level. I'll be watching this closely. The interest rate differential still favors the US dollar, and I think the real support is probably closer to the 0.5870 level. So maybe a 20-pip move. If we get a little bit of a rally and signs of exhaustion, that might open up more of like a 40-pip move.
If you'd like to know more about how to trade forex, please visit our educational area.
#level #interest #pair
This is a market that I have no interest in shorting because of the interest rate differential, but there is a little bit of intervention risk here. For myself, I've been long of this pair for months, so this is an addition to what I already have been doing. For short-term trading, it is a viable potential breakout play. I would keep an eye on that 159.8 level, though. A breakdown below that level could signify some type of shift in momentum.
The Australian dollar is a pair that I'm watching closely. If we can break down below the 0.7130 level, I might start shorting for a small move, maybe down to about 0.71, with a stop loss above 0.7160. This is an interest rate play, and the US dollar, of course, is seeing higher rates, while Australia is as well, but it's a different ratio; it's a different amount. The situation still favors the US dollar as far as that is concerned.
The New Zealand dollar, same story. I either sell a break below the 0.5885 level, or I sell a rally that shows signs of exhaustion near the 0.5915 level. I'll be watching this closely. The interest rate differential still favors the US dollar, and I think the real support is probably closer to the 0.5870 level. So maybe a 20-pip move. If we get a little bit of a rally and signs of exhaustion, that might open up more of like a 40-pip move.
If you'd like to know more about how to trade forex, please visit our educational area.
#level #interest #pair
2 months ago
The euro has been trying to recover early on Monday, but in a very lackluster fashion. I think at this point, traders are out there trying to sort out what the Friday speech actually means for forex markets when Kevin Warsh basically eliminated the idea of Federal Reserve rate cuts that many traders had been trying to price in.
As usual, the market got way ahead of itself with that. We've been seeing this for a couple of years now where the market gets excited about potential rate cuts coming out of the United States for a couple of weeks, and then reality sets in. And I think that's part of what's going on here.
So, I'm watching the euro to sell it, not to buy it. Somewhere around the 1.1620 level, if we start to see signs of exhaustion, that would be about a 50% retracement of the move from Friday; I might look for getting short there.
The British pound, I think, is probably going to be somewhat range-bound, mainly because the British pound, of course, has a higher interest rate attached to it. So, it is a little insulated from US dollar strength, and I think most of the reaction was more about the US dollar than anything else.
I wouldn't read too much into British pound weakness, because at this point in time, even if I want to buy the US dollar, I am going to short other currencies, weaker currencies.
#british
As usual, the market got way ahead of itself with that. We've been seeing this for a couple of years now where the market gets excited about potential rate cuts coming out of the United States for a couple of weeks, and then reality sets in. And I think that's part of what's going on here.
So, I'm watching the euro to sell it, not to buy it. Somewhere around the 1.1620 level, if we start to see signs of exhaustion, that would be about a 50% retracement of the move from Friday; I might look for getting short there.
The British pound, I think, is probably going to be somewhat range-bound, mainly because the British pound, of course, has a higher interest rate attached to it. So, it is a little insulated from US dollar strength, and I think most of the reaction was more about the US dollar than anything else.
I wouldn't read too much into British pound weakness, because at this point in time, even if I want to buy the US dollar, I am going to short other currencies, weaker currencies.
#british
3 months ago
Trading stocks through Schwab no longer necessarily requires buying a company's shares outright, opening a new way with significantly less cash up front.
The product is called a single stock future, and it comes with a track record that the marketing materials skip over entirely.
Charles Schwab Futures & Forex launched the contracts on more than 50 U.S. equities on August 12, 2026, covering the S&P 500, Nasdaq-100 and Russell 1000.
Schwab describes it as a simpler, cheaper alternative to options for traders who want leveraged exposure to popular S&P 500 and Nasdaq-100 names like Apple, Nvidia, Tesla, and Amazon.
Lower margin requirements, no borrow fees for short positions, and nearly round-the-clock trading access sit at the top of the pitch.
#schwab #forex #august
The product is called a single stock future, and it comes with a track record that the marketing materials skip over entirely.
Charles Schwab Futures & Forex launched the contracts on more than 50 U.S. equities on August 12, 2026, covering the S&P 500, Nasdaq-100 and Russell 1000.
Schwab describes it as a simpler, cheaper alternative to options for traders who want leveraged exposure to popular S&P 500 and Nasdaq-100 names like Apple, Nvidia, Tesla, and Amazon.
Lower margin requirements, no borrow fees for short positions, and nearly round-the-clock trading access sit at the top of the pitch.
#schwab #forex #august
3 months ago
The euro looks like it is testing the 1.1560 level, an area that had been important previously on a swing high, so we'll have to see if we can break above there. It certainly looks like it's struggling, but I also recognize that recently the 1.15 level had been support. Typically speaking, this is a pretty choppy pair, and when we zoom out on the longer-term charts, we start to see that we are approaching an area that historically has seen a lot of chop and noise. So a little bit of a pullback here would not be surprising to me at all. Certainly, we are seeing interest rates in America try to turn back around to the upside during the early part of the session, so something worth keeping an eye on.
Currently, the US dollar and the Swiss franc seem to be very consolidated, and this is typical for this pair. But the interest rate differential most certainly favors the US dollar, and carry traders will be attracted to the wide spread here that they collect at any close of the day, especially with a lot of traders on Wednesday getting triple swap. Looks like the area right around 0.81 continues to be a magnet for price.
And finally, the British pound is stretching towards the 1.35 level. This is a lot like the euro in the sense that we had reached close to a swing high and failed a bit. Rates in the United States climbing a little bit early may provide a little bit of a headwind as well. 1.35 being broken would obviously be a strong headline because of the large round psychological number. It could bring in more buyers; we'd have to wait and see.
Currently, the 1.3435 level or so looks to be support. Could be range-bound. Today has no major economic announcements of any serious consequence. And with that, it would make sense if traders were a little bit range-bound and indecisive.
If you'd like to know more about how to trade forex, please visit our educational area.
#like #little #certainly #currently
Currently, the US dollar and the Swiss franc seem to be very consolidated, and this is typical for this pair. But the interest rate differential most certainly favors the US dollar, and carry traders will be attracted to the wide spread here that they collect at any close of the day, especially with a lot of traders on Wednesday getting triple swap. Looks like the area right around 0.81 continues to be a magnet for price.
And finally, the British pound is stretching towards the 1.35 level. This is a lot like the euro in the sense that we had reached close to a swing high and failed a bit. Rates in the United States climbing a little bit early may provide a little bit of a headwind as well. 1.35 being broken would obviously be a strong headline because of the large round psychological number. It could bring in more buyers; we'd have to wait and see.
Currently, the 1.3435 level or so looks to be support. Could be range-bound. Today has no major economic announcements of any serious consequence. And with that, it would make sense if traders were a little bit range-bound and indecisive.
If you'd like to know more about how to trade forex, please visit our educational area.
#like #little #certainly #currently
3 months ago
The US dollar has rallied a bit against the ***** anese yen as we are trying to break above the 200-day EMA. The market breaking above the 200-day EMA on a close, I think, would be a very bullish turn of events. The hammer from the previous session on Monday does suggest that there is real support here, especially near the 155-yen level, but if we were to break down below there, it could really open the floodgates. Keep in mind that the Bank of ***** an and the Federal Reserve intervened, that's what caused this chaos, but the interest rate differential will continue to entice carry traders to hold the dollar against the yen, as they get paid at the end of the day.
The US dollar has rallied against the Canadian dollar during the session as we are in the midst of forming a double bottom. Ultimately, this is a market that continues to see a lot of noisy behavior, but a push towards the upside, maybe towards 1.4150 again, could be possible. The 50-day EMA offering support comes into the picture as well, and the 38.2% Fibonacci retracement level has been tested twice and found supportive. This is an area that a lot of people seem to be watching.
The US dollar slightly negative against the Swiss franc, but only barely so, and it looks like it's in the midst of forming some type of double bottom as well. In fact, it looks very much like the US dollar Canadian dollar pair. And with that, this is a market that seems to be attracted to the 0.8150 level. The Swiss National Bank is very interested in keeping the Swiss franc weak, therefore that helps the carry traders here in this market.
If you'd like to know more about how to trade forex, please visit our educational area.
This article was originally posted on FX Empire
#rallied #break
The US dollar has rallied against the Canadian dollar during the session as we are in the midst of forming a double bottom. Ultimately, this is a market that continues to see a lot of noisy behavior, but a push towards the upside, maybe towards 1.4150 again, could be possible. The 50-day EMA offering support comes into the picture as well, and the 38.2% Fibonacci retracement level has been tested twice and found supportive. This is an area that a lot of people seem to be watching.
The US dollar slightly negative against the Swiss franc, but only barely so, and it looks like it's in the midst of forming some type of double bottom as well. In fact, it looks very much like the US dollar Canadian dollar pair. And with that, this is a market that seems to be attracted to the 0.8150 level. The Swiss National Bank is very interested in keeping the Swiss franc weak, therefore that helps the carry traders here in this market.
If you'd like to know more about how to trade forex, please visit our educational area.
This article was originally posted on FX Empire
#rallied #break
3 months ago
The S&P 500 Index ($SPX) (SPY) today is up +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.65%. September E-mini S&P futures (ESU26) are up +0.84%, and September E-mini Nasdaq futures (NQU26) are up +2.69%.
Stock indexes are rallying sharply today after strong growth at Microsoft reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft is up more than +13% after reporting late Wednesday that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. Microsoft's positive earnings are also fueling a sharp rally in chipmakers and AI-infrastructure stocks, pushing the overall market even higher. The markets will get another look at megacap earnings when Amazon.com and Apple report after today's close.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ***** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#Stock #index #mini
Stock indexes are rallying sharply today after strong growth at Microsoft reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft is up more than +13% after reporting late Wednesday that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. Microsoft's positive earnings are also fueling a sharp rally in chipmakers and AI-infrastructure stocks, pushing the overall market even higher. The markets will get another look at megacap earnings when Amazon.com and Apple report after today's close.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ***** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#Stock #index #mini
3 months ago
The dollar index (DXY00) dropped to a 6-week low today and is down by -0.91%. The dollar is moving lower today on today's US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices index easing as expected, dovish factors for Fed policy. The dollar is also under pressure on negative carryover from Wednesday when the FOMC kept interest rates unchanged. Losses in the dollar accelerated today after the ****** anese yen surged on signs of suspected intervention in the forex market by ****** anese authorities to prop up the yen.
US weekly initial unemployment claims rose +9,000 to 197,000, showing a stronger labor market than expectations of 200,000.
Dollar Falls as FOMC Keeps Interest Rates Unchanged
Dollar Little Changed Ahead of FOMC Meeting Results
Dollar Sinks as the Yen Soars on Suspected ****** anese Intervention
#fomc #japanese #unchanged #suspected
US weekly initial unemployment claims rose +9,000 to 197,000, showing a stronger labor market than expectations of 200,000.
Dollar Falls as FOMC Keeps Interest Rates Unchanged
Dollar Little Changed Ahead of FOMC Meeting Results
Dollar Sinks as the Yen Soars on Suspected ****** anese Intervention
#fomc #japanese #unchanged #suspected
3 months ago
The S&P 500 Index ($SPX) (SPY) today is up +1.12%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.64%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.69%. September E-mini S&P futures (ESU26) are up +1.09%, and September E-mini Nasdaq futures (NQU26) are up +2.61%.
Stock indexes are climbing today as strong growth at Microsoft has reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft is up more than +15% after reporting late Wednesday that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. The markets will get another look at megacap earnings when Amazon.com and Apple report after today's close.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ****** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#NASDAQ #today #mini #Growth
Stock indexes are climbing today as strong growth at Microsoft has reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft is up more than +15% after reporting late Wednesday that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. The markets will get another look at megacap earnings when Amazon.com and Apple report after today's close.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ****** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#NASDAQ #today #mini #Growth
1 yr. ago
1 yr. ago
Are Forex cards better than cash? Check who should use them and other details
https://newsboxer.com/blog...
#forexcard #forexstrategy #forexcards #forexbetter #cashpayment #forexlifestyle #business #BusinessTips #travelphotography
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https://newsboxer.com/blog...
#forexcard #forexstrategy #forexcards #forexbetter #cashpayment #forexlifestyle #business #BusinessTips #travelphotography
https://newsboxer.com/blog...
1 yr. ago
RBI Forex Reserves Jump $5 billion to $696 billion
https://economictimes.indi...
Download Economic Times App to stay updated with Business News - https://etapp.onelink.me/t...
https://economictimes.indi...
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Download Economic Times App to stay updated with Business News - https://etapp.onelink.me/t...
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1 yr. ago
Most Prop Firms FAIL after launch…
because they build without a backbone.
In 2025, launching a prop firm is easier than ever.
But scaling it? That’s where 90% FAIL.
After helping 40+ firms launch across forex, futures, and sports betting…
Here’s the infrastructure the
because they build without a backbone.
In 2025, launching a prop firm is easier than ever.
But scaling it? That’s where 90% FAIL.
After helping 40+ firms launch across forex, futures, and sports betting…
Here’s the infrastructure the
