Friday’s dynamically violent trading on the U.S Nasdaq 100 which saw a fall over 4% of value created a cascade of knock-on effects in the global markets including Forex. The GBP/USD did correlate with the broad Forex market. A rush of investors’ money into U.S bonds helped create weakness in many major currencies, this as…
It looks like the still-expanding retail prop trading phenomenon is not for everyone. Or, for every online broker. ATFX, which in early 2025 joined a number of other CFD brokers by launching its own branded prop firm unit called ATFunded selling trader evaluation challenges to retail traders, is apparently shutting down ATFunded. ATFX originally hired…
Financial Times “Daily active users of BeReal, last year’s social media app sensation, are down nearly 50 per cent from their high point, according to data from Business of Apps.” Bloomberg “That’s still well below the 270 million people using Microsoft Teams every month, or the 20 million people using Slack, according to an estimate…
Canadian Highlights Markets swung on hopes of a Middle East truce, but the outlook remains fragile. Canada’s economy has stalled out over the past two quarters, with weak domestic demand and patchy investment pointing to subdued momentum. The upcoming CUSMA review is now central, as Canada looks to pair greater trade clarity with an energy…
EUR/CHF’s extended rebound last week suggests that corrective fall from 0.9264 has completed at 0.9094. But as a temporary top was formed at 0.9191 and initial bias is turned neutral first. Risk will stay on the upside as long as 0.9094 holds. Above 0.9191 will target a test on 0.9264 resistance. Firm break there will…
EUR/AUD stayed in range below 1.6381 last week. Initial bias remains neutral this week first. On the upside, break of 1.6381 will resume the rebound from 1.6108 short term bottom to 100% projection of 1.6108 to 1.6381 from 1.6186 at 1.6459. Firm break there will pave the way to 161.8% projection at 1.6628. Risk will…
EUR/JPY edged higher to 186.18 but retreated sharply since then. Downside is still supported above 184.42 and initial bias remains neutral this week first. Rebound from 182.01 is seen as the second leg of the corrective pattern from 187.93, and could have completed at 186.18 already. Firm break of 184.42 will argue that the third…
GBP/JPY edged higher to 215.59 last week but retreated sharply since then. Initial bias remains neutral this week first. Rebound from 210.43 is seen as the second leg of the corrective pattern from 216.58, and could have completed at 215.59 already. Break of 213.29 will suggest that the third leg has started and target 210.43…
USD/CAD’s rally from 1.3549 accelerated higher last week and there is no sign of topping yet. Initial bias stays on the upside this week for 38.2% retracement of 1.4791 to 1.3480 at 1.3981. Decisive break there will carry larger bullish implications and target 61.8% retracement at 1.4290 next. On the downside, below 1.3865 minor support…
AUD/USD’s fall from 0.7277 resumed by breaking through 0.7076 last week. Initial bias is now on the downside this week for 100% projection of 0.7277 to 0.7076 from 0.7200 at 0.6999. Firm break there will target 161.8% projection at 0.6875. Near term risk will stay on the downside as long as 0.7200 resistance holds, in…