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FX option expiries for 10 February 10am New York cut

FX option expiries for 10 February 10am New York cut

There are a couple to take note of on the board for today, as highlighted in bold.

The first ones are for EUR/USD at the 1.0300 and 1.0350 levels. The pair opened with a gap lower today amid a stronger dollar from tariff fears, again. But we’re seeing price action slowly eat into the gap now and sitting just above 1.0300 again.

The large expiries at the figure level might lock any downside in the session ahead, with Trump headlines set to take a breather in European trading at least. Meanwhile, the ones at 1.0350 might not offer too much as key near-term resistance from the 100 and 200-hour moving averages close to 1.0368 now is the more crucial point on the charts. So, that will lock down any topside momentum to start the new week.

Then, there is one for USD/JPY at 151.50, which doesn’t offer much of any technical significance. As such, I wouldn’t expect the expiries to be too impactful with key resistance around 152.68-70 (confluence of the 100 and 200-day moving averages) being the more pivotal point on the charts.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

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Russia throws cold water on peace talks

Russia throws cold water on peace talks

So much for that.

Lately there has been some buzz that Russia and Ukraine were headed towards peace talks. There was some detail to go with the talk too as Easter was floated as a deadline and JD Vance is supposedly headed to Germany this week to lay out some details of the US proposal.

But Russia has been making consistent gains for many months and today is throwing cold water on talks.

Russian deputy foreign minister Galuzin said there are no satisfactory proposals to start talks on Ukraine, according to RIA. He said that statements from the west and Ukraine are “nothing but buzz building”.

The peace talk had previously weighed on oil.

This article was written by Adam Button at www.forexlive.com.

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Forexlive Asia-Pacific FX news wrap: Trump banging on the tariff drum again

Forexlive Asia-Pacific FX news wrap: Trump banging on the tariff drum again

Markets

  • Gold up $16 to $2876
  • US 10-year yields flat at 4.48%
  • WTI crude oil up 40-cents to $71.40
  • S&P 500 futures up 17 points
  • Nikkei 225 up 0.1%
  • USD leads, CAD lags

For a moment there, I thought we might have a quiet start to the week for the first time in awhile.

Of course, tariff man invited the press corps onto Air Force One and held and impromptu press conference where he announced steel/aluminum tariffs on everyone and said reciprocal tariffs were coming on Tues or Wed.

That kicked off the usual USD rally but so far it’s been less that you might expect. The euro is down just 15 pips on the day while AUD/USD recovered completely from a 40-pip decline.

There is little doubt the metals tariffs are coming but the market is skeptical about the rest. Trump made a handful of other comments that will reverberate as well, including some cryptic comments about Treasury debt that may not exist.

China floated some fresh tariffs in the WSJ but that had little effect as Chinese stocks continued to climb. Gold also found a nice bid to start the week as it finally gets some mainstream attention.

US S&P 500 futures opened 30 points lower but the buyers arrived almost immediately, bidding it back to flat and then up 16 points. Again, that’s a sign that the market doesn’t think Trump is serious about tariffs or that he doesn’t have the authority.

There was plenty of distraction to start the week as the Superbowl unfolded in the US. The game was a dud with Philadelphia cruising to a win and a lackluster half-time show.

This article was written by Adam Button at www.forexlive.com.

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Saxo Australia Has Been Sold to a South African Technology Provider, Rebranding Ahead

Saxo Australia Has Been Sold to a South African Technology Provider, Rebranding Ahead

The Australian division of Saxo Bank, Saxo Australia, has changed ownership, as Johannesburg-headquartered DMA acquired a majority stake in it. Announced today (Monday), DMA, a technology provider to financial advisers and wealth managers, will acquire 80.1 per cent of the Australian business, while Denmark’s Saxo Bank will retain 19.9 per cent.

Saxo Looking for Buyers

The acquisition came when Saxo Bank itself was looking for potential buyers after a failed attempt to take the company public. The Danish company reportedly received bids from multiple parties but has not confirmed anything yet.

The latest announcement detailed the dilution of the Australian business, which came as the Danish parent company has been reviewing its strategies in the Asia-Pacific region to accelerate its growth, and DMA is launching its offerings in the Australian market.

“We believe DMA’s platform offering will bring tangible benefits to Australian financial advisers and wealth managers, while the business will continue to focus on delivering high-touch, high-quality service for self-directed retail clients,” DMA’s Chief Executive Officer, Richard North, said.

“It’ll be the best of Saxo and the best of DMA—and we think that adds up to the marketplace’s best choice for investors across the entire lifecycle.”

Keeping the Infrastructure Intact

The two companies expect to close the transaction in the second half of 2025. However, the financial terms remain unknown.

Saxo Australia will eventually be rebranded after a transition period, during which its legacy branding will be retained. The business under the new ownership will also retain Saxo Australia’s staff, including its CEO, Adam Smith.

Despite the acquisition, the existing clients of Saxo Australia will continue to receive services under Saxo’s infrastructure.

“We will ensure a smooth transition and aim to enhance the offerings and services provided,” Smith said. “The clients of Saxo Australia will notice no disruption in service, product range, or platform access. We are very pleased to partner with DMA and believe that this will be a game changer for Australian clients.”

Earlier, Admirals also sold its Australian business to an unknown owner. However, the retail trading business acquisition that recently stirred the industry was the purchase of OANDA by the prop firm FTMO.

This article was written by Arnab Shome at www.financemagnates.com.

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Nasdaq Futures Today by TradeCompass

Nasdaq Futures Today by TradeCompass

Trade Compass for Nasdaq Futures – February 10, 2025

Current Price: 21,690Bias: Short (Fade the Move)Short Activation Level: 21,708Bullish Activation Level: 21,780

Trade Plan Overview for Nasdaq Futures Today

The Trade Compass today is, as usual, bullish above a key level and bearish below another. BUT… there is a condition for the bearish scenation whereby looking for price to reach 21,708 before considering shorts. A short setup is valid between 21,708 and 21,725, with 21,719 being a potential single-entry level.

If scaling into a position:

  • First short entry at 21,709
  • Second short entry at 21,717
  • Third short entry at 21,725
  • Suggested stop-loss (this is an example, you need to choose your stop): 21,735

The bullish scenario only activates above 21,780, meaning that if price clears Friday’s Value Area High convincingly, we shift to looking for long trades.

Bearish Targets Nasdaq Futures Today (Short Setup)

If the short is triggered within the 21,708 – 21,725 range, the profit-taking strategy involves scaling out at multiple levels:

  1. 21,686 – Above today’s developing POC
  2. 21,641 – Above today’s developing VAL
  3. 21,632 – Key level for additional profit
  4. 21,590 – Above Friday’s POC
  5. 21,568 – Above yesterday’s VAL
  6. 21,517 – Near today’s VWAP open

This staggered exit strategy ensures risk mitigation and profit realization, avoiding reliance on a single major move.

Bullish Targets for Nasdaq Futures Today (If 21,780 is Reached)

If price breaks above $21,780, these upside targets apply:

  1. 21,828 – Above the first upper VWAP deviation of Friday
  2. 21,856 – Intermediate resistance
  3. 21,886 – Higher probability resistance
  4. 21,940 – Just below the second upper VWAP deviation
  5. 22,002 – Above an old naked POC

A breakout above 21,780 suggests further continuation toward these levels.

Nasdaq Futures Trade Management & Risk Considerations

  • If the second profit target is hit, consider moving your stop to breakeven.
  • Some traders prefer adjusting stops after hitting the first target, but given today’s conditions, giving the trade more breathing room might be preferable.
  • The bias today is toward fading the move (shorting the rally since Nasdaq futures opened this week), but what’s good about the TradeCompass is that it leaves both its bearish and bullish scenarios open.

Use this TradeCompass as a 2nd opinion, an orientation tool, integrating it into your own strategy. This is not financial advice. Trade responsibly. Trade Nasdaq futures at your own risk only.

For additional insights, visit ForexLive.com.

This article was written by Itai Levitan at www.forexlive.com.

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