FOREX NEWS & BLOG

USDCHF sellers lean against resistance at a swing area on the weekly chart. What next?

USDCHF sellers lean against resistance at a swing area on the weekly chart. What next?

In yesterday’s video, ” Watching the old floor which is now a ceiling for the USDCHF” I spoke to the resistance area between 0.8333 and 0.8373. That area was an old floor going back to the low in January 2015, the low from December 2023 the lows from September 2024. Breaking a floor, turns it into a ceiling and earlier this month, the price broke below that floor area and saw increased momentum.

The low reached this week, reached a new low going back to 2011 down to 0.8038. The price this week then started its rotation back to the upside.

In trading today, the price extended higher (to a new high for the week), and stretched to the low of that swing area at 0.8333. Sellers leaned against the level.

The price has since rotated back down and currently trades at 0.8292. Sellers against the level are benefiting from the rotation to the downside.

If that momentum can continue, getting below 0.8269 and staying below that level is my first major target. Below that and traders will look toward a swing area between 0.8230 and 0.8239 followed by the rising 100 hour moving average of 0.82163 and rising 200 hour moving average of 0.81898.

This article was written by Greg Michalowski at www.forexlive.com.

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USDCAD awaits breakout as price consolidates between key moving averages

USDCAD awaits breakout as price consolidates between key moving averages

The USDCAD pair is currently trading in a consolidation range, with price action caught between key technical levels that are shaping near-term sentiment. The 100-hour moving average (currently near 1.3845) is acting as an immediate support zone. This level has held firm on multiple tests on Thursday, and a break below it could shift the bias more definitively to the downside, opening the door for further selling momentum.

On the flip side, the swing area around 1.39054 represents a significant ceiling. This level has capped upside attempts, with at least eight recent tests (as support or resistance), with more recent highs stalling rally’s at that level (see red numbered circles six through eight). A successful break and close above this ceiling would increase bullish bias and likely attract additional buying interest. There is a swing area between 1.39458 and 1.39785 along with the 100 bar moving average on the four hour chart at 1.3972.

The 200-hour moving average sits between these two extremes, adding further weight to the consolidation narrative. Price has been oscillating around this mid-level, suggesting indecision and the need for a clear breakout to define direction.

For now, traders are watching for a breakout from this tightening technical structure, with the 100-hour and 200-hour MAs acting as support, and the swing area at 1.39054 acting as resistance. Traders wait for the next shove.

This article was written by Greg Michalowski at www.forexlive.com.

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CFI Scores Basketball Sponsorship Deal for EuroLeague Final Four in Abu Dhabi

CFI Scores Basketball Sponsorship Deal for EuroLeague Final Four in Abu Dhabi

CFI has signed on as the Official Online Trading
Partner for the culminating event of the 2024–25 EuroLeague basketball season,
featuring the top four European club teams competing for the championship
title.

Partnering with Europe’s Basketball Competitions

“We are delighted to welcome CFI as a new partner
for our signature event, the Turkish Airlines EuroLeague Final Four,”
commented Gawain Davies, Chief Commercial Officer of Euroleague Basketball.

“Partnering with CFI, the leading online trading
platform in the MENA region, perfectly aligns with our ambition to grow the
EuroLeague brand and business across the Middle East. The Final Four in Abu
Dhabi presents a unique opportunity to showcase the true spirit of EuroLeague
Basketball to new audiences and markets.”

According to the company, the collaboration marks a
key moment for CFI as it joins forces with Euroleague Basketball and the
Department of Culture and Tourism, Abu Dhabi (DCT Abu Dhabi).

The agreement positions CFI alongside one of Europe’s
most prestigious basketball competitions, the EuroLeague Final Four, which brings
together the continent’s top basketball teams for a climactic showdown.

Hisham Mansour, the Co-Founder and Managing Director
of CFI Financial Group, added: “This partnership reflects our values and
aligns with our strategy to connect with the communities where our audiences
live and engage, through moments that inspire, unite, and create lasting
impact.”

More Collaborations with the Sporting World

Beyond branding, CFI reportedly plans to engage
audiences with exclusive access and activations, aiming to reflect its core
values through memorable moments during the Final Four.

Last month, CFI also entered into a collaboration with
the Kuwait Basketball Association (KBA) for the 2025 Kuwait Basketball Season.
The collaboration followed another partnership with the MI Cape Town cricket
team as the Official Online Trading Partner.

“We’re proud to partner with the Kuwait
Basketball Association in a way that reflects CFI’s broader commitment to
performance, visibility, and meaningful community engagement,” commented
Hisham Mansour, Co-Founder and Managing Director of CFI Financial Group.

This article was written by Jared Kirui at www.financemagnates.com.

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The Finance Magnates Q1/2025 Intelligence Report has been released

The Finance Magnates Q1/2025 Intelligence Report has been released

The Finance Magnates Q1/2025 Intelligence Report (QIR) has been officially released, providing essential insights and updated data on the retail trading industry. This new report delivers detailed data, expert analysis, and critical insights into the FX and CFD brokerage industry, providing essential information for industry professionals.

What’s New in the Q1/2025 Intelligence Report?

  • New Regulations Section: Stay informed about compliance trends and global developments in the financial sector.

  • Most Popular CFD App: Find out which broker app has risen in ranking and why it attracts more traders.

  • NEW: Most Popular Trading Instruments: Discover which financial instruments traders worldwide prefer, reflecting current market interests and demands.

  • State of the CFD Industry: Gain insights from our in-depth analysis of the CFD industry’s overall health and the valuable lessons learned in 2024.

Editor’s Note

Sylwester Majewski, Head of Business Intelligence at Finance Magnates, commented:

“This quarter, we’ve raised the bar once again by focusing on delivering even more comprehensive and higher-quality data. One of the highlights of this edition is our in-depth summary of the CFD industry’s performance in 2024. It’s a valuable benchmark to see how your company compares to broader industry trends.

We’re also introducing a brand-new section on Proprietary Trading, a fast-growing segment that’s shaping the future of trading. With fresh data and insights, this addition marks the beginning of what we plan to grow into a full-featured dataset in future editions.”

Why Choose the Quarterly Intelligence Report?

The Quarterly Intelligence Report provides invaluable insights to help you understand the latest market developments, regional trends, regulatory impacts, and broker performance metrics. Stay informed with data-driven analyses that support more intelligent business decisions. Access exclusive market intelligence and gain a deeper understanding of the factors currently shaping the FX/CFD brokerage industry.

ACCESS THE REPORT

About Finance Magnates Intelligence

Finance Magnates Intelligence stands as the most trusted source for market research within the financial sector. Our commitment to excellence is evident in our expertly crafted reports and research, all of which are backed by robust data. We provide indispensable insights into trading trends, market shifts, and compliance updates, empowering you with the knowledge needed to make informed decisions.

This article was written by Finance Magnates Staff at www.financemagnates.com.

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Silver Waits for Its Time to Shine. Forecast as of 25.04.2025

Silver Waits for Its Time to Shine. Forecast as of 25.04.2025

The XAGUSD rally is proving to be a fascinating development, with silver lagging behind the sector leader. Nevertheless, historical data show that there are periods when the performance of silver outstrips that of gold. Could this be an opportune moment for silver to shine? Let’s discuss this topic and make a trading plan. Major Takeaways Gold has risen by 41% and silver by 23% over the last year. Silver is growing more slowly due to industrial concerns. The Fed’s resumption of monetary expansion will push the XAGUSD pair higher. A breakout of resistance of $33.7 will be a reason to buy silver…. Read full author’s opinion and review in blog of #LiteFinance

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Canada retail sales for February -0.4% versus -0.4% estimate

Canada retail sales for February -0.4% versus -0.4% estimate

  • Prior month -0.6%
  • Retail sales -0.4% versus -0.4% estimate
  • In volume terms, retail sales decreased 0.4% in February.
  • Ex auto +0.5% versus -0.4% estimate. Prior month revised from +0.2% to +0.1%
  • The advanced report for March show a gain of 0.7% in March.
  • Retail sales decreased in seven provinces in February. The largest provincial decrease in dollar terms was observed in Quebec (-0.9%), marking its second consecutive monthly decline. In the Montréal census metropolitan area (CMA), sales were down 2.5%

Details:

  • Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers
  • Motor Vehicle and Parts Dealers:

    • Overall sales decreased by -2.6% in February.

    • All four store types within this subsector saw declines.

    • New car dealers led the drop with a -3.0% decrease, marking a second consecutive monthly decline.

    • Automotive parts, accessories, and tire retailers also fell by -1.6%.

  • Gasoline Stations and Fuel Vendors:

    • Sales increased by +0.3% in February, marking the fifth consecutive monthly gain.

    • In volume terms, sales rose +0.8%.

Core retail sales ex Auto details:

  • Core Retail Sales:

    • Increased +0.5% in February.

  • Food and Beverage Retailers:

    • Sales rose +2.8%, driving much of the core retail growth.

    • Supermarkets and other grocery retailers (excluding convenience stores) increased +3.7%, rebounding from a -3.2% decline in January.

    • Beer, wine, and liquor retailers contributed with a +2.3% increase.

  • General Merchandise Retailers:

    • Sales were up +1.2% in February.

  • Furniture, Home Furnishings, Electronics, and Appliances Retailers:

    • Experienced the largest decline among core retail categories with a -2.9% decrease

This article was written by Greg Michalowski at www.forexlive.com.

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ExxonMobil (XOM) Stock Forecast for 2025, 2026, 2027–2030 and Beyond

ExxonMobil (XOM) Stock Forecast for 2025, 2026, 2027–2030 and Beyond

Despite market fluctuations and volatile commodity prices, ExxonMobil maintains its position as a dominant force in the oil and gas sector. In the coming years, the company’s share price will be influenced by a number of factors, including the geopolitical situation, the global economy, and the energy sector. This article provides insight into the factors that will drive ExxonMobil’s stock price between 2025 and 2050, and whether it is a viable investment in a rapidly evolving energy market. Major Takeaways The current price of XOM is $108.56 as of 25.04.2025. The XOM price reached its all-time high of $126.23 on… Read full author’s opinion and review in blog of #LiteFinance

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FBS Analysts Expect Market Recovery After Recent Bitcoin Decline

FBS Analysts Expect Market Recovery After Recent Bitcoin Decline

FBS, a leading global broker, presents its latest market analysis exploring the recent Bitcoin downturn and the broader outlook for the cryptocurrency market in 2025. Despite a 28% price drop since the beginning of the year, FBS analysts suggest the current market phase is part of a broader correction and potentially an early stage of a strong rally.

Following Donald Trump’s return to the US presidency in January 2025, optimism surged across crypto markets. However, heightened geopolitical tensions, particularly renewed trade war threats, caused a shift in investor sentiment. As long positions closed and volatility increased, Bitcoin faced a temporary decline.

FBS experts point out that this pattern has been seen before. A similar drop occurred during Trump’s first presidency in 2018, followed by a strong recovery driven by monetary easing. The Federal Reserve’s anticipated rate cuts in 2025 could again provide fertile ground for crypto growth. Lower interest rates, a weakening dollar, and increased liquidity typically encourage investment in higher-risk assets like Bitcoin.

Technically, Bitcoin continues to respect its long-term trendline. Positive signs, such as tariff easing talks with Japan, suggest market sentiment may soon shift. If the trend holds, FBS forecasts a return to key levels, with Bitcoin potentially testing $100 000 in the mid-term, and reaching up to $150 000 should liquidity conditions improve further.

The altcoin market mirrors this potential. Though currently consolidating, the market cap of altcoins may recover from $810 billion back toward its previous high of $1.62 trillion as investor confidence returns.

FBS analysts interpret recent market behavior as a measured correction within an overarching upward trend. They note that historical patterns, sustained institutional interest, and Bitcoin’s positioning as a “digital gold” asset contribute to perspectives on its long-term value.

Readers can find more insights and expert forecasts in the full FBS analysis. To learn more about FBS, users can visit FBS.com.

Disclaimer: This material does not constitute investment advice and is intended for informational purposes only.

About FBS

FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe.

This article was written by FM Contributors at www.financemagnates.com.

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