Trade ideas

USD/CAD finished the year above 1.4000 for the first time since 2002. Threats of tariffs from President-elect Trump have had a big impact in USD/CAD, but this can also bring risk to the U.S. side of the equation.

EUR/USD halts a three-day selloff to keep the Relative Strength Index (RSI) out of oversold territory.

Australian Dollar is poised to mark a fifth-weekly loss with AUD/USD testing trend support into the yearly open. Battle lines drawn on the short-term technical charts.

Gold gained 27.23% in 2024, the strongest yearly gain since 2010. But the prior episode led to a significant top in 2011 as gold prices then went nine years without a fresh ATH.

Oil prices rallied more than 10% off the December lows with WTI attempting to breakout of a six-month downtrend. A multi-timeframe view of the oil technical charts.

USD/CAD extends the rebound from the weekly low (1.4338) to push the Relative strength Index (RSI) back towards overbought territory.

A tidal wave of high-grade supply from Guinea’s Simandou project threatens to crush iron ore prices in 2025. With Chinese port inventories near record highs and global steel output faltering, the $100 iron ore era looks increasingly shaky. Bears have waited years for fundamentals to reassert themselves; next year could finally be their moment.

GBP/USD trades below the May low (1.2446) as it extends the decline from earlier this week.

Gold defended support for a sixth week with the January opening-range taking shape just above. Battle lines drawn on the XAU/USD weekly technical chart.

EUR/USD is opening 2025 with a fresh two-year-low as sellers extend the bearish trend that started earlier this week. Parity is an obvious point of interest but there’s a big spot of possible support along the way at the 1.0200 handle.

Stocks continued with strength in 2024 and with a market-friendly administration taking over in the United States, the backdrop is open for continuation of equity gains.