Posts
USD/CAD Strengthens After Weak Canadian GDP and Oil Drop
USD/CAD climbed after Canadian real GDP was flat in November and manufacturing contracted, while WTI crude fell toward $62 and the dollar strengthened. The data and commodity move leave CAD vulnerable near-term with technical resistance near 1.39.
AUD/USD Rallies After RBA Hike; Markets Price Further Tightening
The Reserve Bank of Australia raised its cash rate by 25bp to 3.85% and signalled additional tightening may be needed, pushing AUD/USD back above 0.7000. Traders should weigh RBA hawkishness against stronger U.S. yields and USD momentum when planning forex and automated trading strategies.
EUR/USD Slides Below 1.1800 as USD Strengthens on Fed Nomination and Data Delays
EUR/USD weakened after breaching 1.1830, trading below 1.1800 as the US dollar gains following the Kevin Warsh Fed nomination and the partial government shutdown that delayed key US labor releases. Traders should watch 1.1717–1.1700 and prepare for elevated volatility.
USD Strength from ISM Lift Pressures EUR/USD; USDCAD Rises as Oil Slumps
Stronger-than-expected ISM manufacturing data and a market-preferred Kevin Warsh nomination have lifted the US dollar, pressuring EUR/USD and pushing USDCAD higher as oil falls. The suspended NFP release adds volatility risk and trading opportunities in major FX pairs.
GBP/USD Slides Below 1.3700 as Dollar Strengthens; Bitcoin Endures $800M of Liquidations
A renewed USD bid after a high‑profile Fed nomination and strong US manufacturing data pushed GBP/USD under 1.3700, while Bitcoin faced nearly $800M of recent liquidations—raising short‑term risk and tactical opportunities for forex and crypto traders.
Bitcoin Slides Below $75,000 Amid Strong Dollar and Forced Liquidations
Bitcoin dropped under $75,000 after an ~11% weekly correction as a stronger US dollar, Fed nomination headlines and algorithm-driven liquidations hit crypto and precious metals. Traders should weigh short-term momentum trades against disciplined risk controls and automated execution tools.
Ethereum Nears Key Support as Monero Struggles to Hold 200‑Day EMA
Ethereum has slid toward a crucial $2,111–$2,227 support zone after a multi-day drop, while Monero briefly fell below its 200‑day EMA and is fighting to stay above $400. Short-term momentum is bearish, presenting both risk and tactical opportunities for traders.
BTC/USD and EUR/USD React to Renewed Volatility: Key Levels to Watch
Bitcoin and the euro-dollar pair are showing increased volatility as macro uncertainty keeps markets on edge. Traders should monitor technical levels and consider automated tools for disciplined execution.
Bitcoin Breaks $84,450 Support as USD Rally Drags GBP/USD Below 1.3800
A hawkish Fed nomination and hotter-than-expected US PPI have lifted the US dollar, pushing Bitcoin below key support at $84,450 and GBP/USD under 1.3800. Traders should weigh short/hedge opportunities and disciplined dip-buy plans amid elevated volatility.