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• A technical view of the major currency pairs going into the new trading week
  EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com.
• Greenland, Canada and the Panama Canal: What is the real plan here?
  Here is my base case.Greenland:This is a real pet project of Trump's. He's a real estate guy, it's the biggest island in the world and there are only 56,000 people there. Denmark is weak, there is already a US base on the island and there are probably a lot of natural resources waiting to be […]
• Forexlive Americas FX news wrap 17 Jan: US Supreme Court affirms decision to shut TikTok.
  US stock indice close higher on the day and have positive returns for the weekBaker Hughes oil rig count down -2 to 468European indices close higher. Record closing levels for some of the indices.Bitcoin jumps to $105,000Atlanta Fed GDPNow growth estimate for Q4 unchanged at 3.0%Bank of Canada releases what they learned from the actions […]
• US stock indice close higher on the day and have positive returns for the week
  The major US stock indices are closing higher for the day and for the week. The week gain, is the first for the new trading year for the broader indices. For the day:Dow industrial average rose 334.70 points or 0.78% at 43487.83S&P index rose 59.32 points or 1.00% at 5996.66NASDAQ index rose 291.91 points or […]
• AUDUSD traded to lowest level since 2020, but bounced. Closing near 100/200 hour MAs
  In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at […]
• NZDUSD: A lot of chop in the trading this week, but the sellers are still in control
  In the video above, I take a look at the technicals driving the NZDUSD as we look toward the new trading week.The sellers are more in control below a cluster of MA with a high at 0.5612. If the price cannot get above those MAs, the sellers are in full control A move above that […]
• GBPUSD: Sloppy trading this week in the pair. Will it become more agreeable to technicals
  The GBPUSD traded to new lows going back to November 2023 on Monday, but fell short of downside targets on the daily chart at 1.2039 to 1.20686. The low reached just below the 1.2100 level at 1.20989.The price bounced but quite frankly the price action was sloppy and misbehaving to the technicals for the rest […]
• EURUSD: What are the technicals telling traders after bouncing off 2022 lows this week
  The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at 1.0200. That break could not be sustained. The seller had their shot. They missed. The subsequent move higher saw the pair peak near the 38.2% of the move down from […]
• USDJPY sellers this week tested the 38.2% retracement target, stalled and reversed.
  The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today.This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at 158.10. […]
• Baker Hughes oil rig count down -2 to 468
  Total rig count down -4 to 580Oil rig count -2 to 478Gas rig count -2 to 98 This article was written by Greg Michalowski at www.forexlive.com.