USDJPY bulls prevented a third weekly loss in a row despite a Fed rate cut as traders worry about Japan's fiscal path forward. Can the uptrend continue and how high can it go? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDJPY – December 15, 2025 appeared first on EWM Interactive.

Central banks drove notable currency swings this week as Chair Powell’s dovish Fed messaging sparked broad dollar weakness, while policy divergence saw CHF surge and JPY stumble.

Stock Market Wrap-Up: Tech Sector Tumbles, Dow Hangs OnWSJ: Trump leaning toward Kevin Warsh or Kevin Hassett to lead the FedCrude oil settling lower by 0.28%European indices close lower but not bad relatively speakingTech Wreck: Stocks continue to tumble with the NASDAQ now down -1.78%Fed's Hammack: Balancing both sides of the Fed mandate is challenging.Goolsbee wants to wait. Cannot assume the current inflation will be transitoryFed’s Schmid Explains Dissent: "Inflation is Too Hot"FX technical outlook: EURUSD, USDJPY, GBPUSD set the tone into the North American sessionFed Divided: Goolsbee Dissents on Rate Cut While Paulson Eyes Job RisksinvestingLive European FX news wrap: UK GDP misses, Gold extends gainsThe currency markets finished the week on a mixed note. While the US Dollar found support against risk-sensitive currencies like the Australian and New Zealand Dollars—mirroring the sell-off in the Nasdaq—it struggled to gain ground against the Euro and Canadian Dollar. The greenback’s performance reflects a market caught between "safe-haven" flows and specific regional strength.Closing LevelsEUR/USD: 1.1740 (+0.02%) – The Euro managed a marginal gain against the dollar.USD/JPY: 155.82 (+0.16%) – The pair pushed higher, with the dollar showing strength against the Yen.GBP/USD: 1.3363 (-0.17%) – The Pound was one of the day's underperformers, sliding back below the 1.34 handle.USD/CHF: 0.7958 (+0.09%) – The dollar gained slightly against the Swiss Franc.USD/CAD: 1.3767 (-0.01%) – The Loonie held its ground, outperforming most peers likely due to robust Canadian economic data released earlier in the day.AUD/USD: 0.6649 (-0.20%) – The Aussie was hit by the broader "risk-off" sentiment.NZD/USD: 0.5802 (-0.10%) – The Kiwi followed the Aussie lower.Key Market Drivers in the forex today. 1. Canadian Dollar Resilience (USD/CAD) The Canadian Dollar was a standout performer relative to other commodity currencies. While oil prices struggled, the Loonie was supported by a slew of strong domestic data.Building Permits: Surged +14.9% in October, smashing expectations.Capacity Utilization: Rose to 78.5% in Q3, signaling a tightening industrial sector.Wholesale Trade: Posted a +0.1% gain versus a forecasted decline.2. Risk-Off Flows Hit Antipodeans (AUD & NZD) The Australian and New Zealand Dollars were the weakest majors on the day, down 0.20% and 0.10% respectively. These "high-beta" currencies often act as a liquid proxy for global risk sentiment. With the Nasdaq tumbling -1.69% and the S&P 500 down -1.07%, investors rotated out of these growth-linked currencies.3. Dollar/Yen (USD/JPY) Firmness Despite the drop in US equity markets (which typically strengthens the Yen), USD/JPY rose 0.16% to 155.82. The pair remains sensitive to the divergence between the Federal Reserve's recent cut and the Bank of Japan's slow-moving policy normalization.US Bond Yields : Rising Across the CurveTreasury yields are moving higher today, retracing the declines seen earlier in the week. The selling pressure has pushed yields up across the board, with the long end of the curve leading the move. Notably, the 30-year yield has climbed to its highest level since early September, driven by the market digesting a massive influx of supply—over $602 billion in Treasuries were sold this week—and reassessing the Federal Reserve's policy outlook following Wednesday's cut.Current Yield Levels:2-Year Yield: 3.545% (up +1.5 basis points)5-Year Yield: 3.743% (up +2.8 basis points)10-Year Yield: 4.178% (up +3.7 basis points)30-Year Yield: 4.831% (up +4.2 basis points).For the weeK, despite the Fed cut, the 2 year was the only one to see lower yields this week. :2-Year Yield: -4.0 basis points5-Year Yield: +2.7 basis points10-Year Yield: +4.7 basis points30-Year Yield: 5.6 basis pointsFed officials were open to speak after the black-out period expired. Speaking were Fed's Hammack (non-voting member but hawk), Chicago Fed Pres. Goolsbee who dissented to no change, and Cleveland Pres. Schmid who also dissented to no change. Below is a summary of their comments:Cleveland Fed President Beth HammackPresident Hammack, who will become a voting member in 2026, aligned herself with the hawkish dissenters despite not casting a vote at this meeting. She emphasized the difficulty of the current economic moment, noting that while the labor market has been "gradually cooling," inflation remains stubbornly above the Fed's target. Her comments suggest she would have preferred to keep rates unchanged to ensure price stability is fully restored.Balancing Act: Stated that balancing both sides of the Fed's mandate (maximum employment and price stability) is currently "challenging."Inflation Focus: Highlighted that inflation remains above target, justifying her alignment with the "no change" camp.Future Voter: Positioned herself as a hawkish voice heading into her voting rotation next year.Kansas City Fed President Jeffrey SchmidPresident Schmid was one of the two officials who dissented in favor of keeping rates unchanged. He argued that the economy still has significant momentum and that the labor market appears to be in balance rather than deteriorating. His primary concern is that inflation is "too hot" and that current monetary policy may be only "modestly restrictive," if at all, which risks undermining the Fed's hard-won credibility on inflation.Policy Effectiveness: Questioned whether current rates are actually restrictive enough to bring inflation down effectively.Inflation Warning: Stated explicitly that "inflation is too hot" and warned policymakers not to become complacent about maintaining credibility.Economic Resilience: Observed that the economy is showing momentum and the job market seems largely in balance, countering the need for immediate cuts.Chicago Fed President Austan GoolsbeePresident Goolsbee, typically known for more dovish views, dissented in favor of a "pause" to wait for more data. He expressed discomfort with "front-loading" rate cuts when inflation has stalled above target for years. Goolsbee argued that waiting until the first quarter of the year would have provided the necessary assurance that inflation was truly on a downward path without risking significant harm to a labor market he describes as stable.Patience on Cuts: Argued that waiting until Q1 would allow the Fed to be "assured inflation is coming down" rather than assuming current pressures are transitory.Labor Market Stability: Noted that the "low hiring and low firing" dynamic does not suggest a cyclical downturn, meaning there was no urgent need to cut to save jobs.Inflation Persistence: Highlighted concerning services inflation and emphasized that one cannot ignore that prices have been rising for four years.For technical views on the major currency pairs going into the new week:USDJPY: AUDUSD: NZDUSD: USDCHF: USDCAD: EURUSD and GBPUSD: Wrap the week up and put a bow on it. Thank you for your support this week. This article was written by Greg Michalowski at investinglive.com.

Log in to today's North American session Market wrap for December 12When you thought things were going to be straightforward at least until NFP, you were wrong.Fed speak can have immense effects after Rate Decisions, as seen with today's action.Austan Goolsbee and Jeffrey Schmid, the two dissenters from Wednesday's decision, expressed their views today, and it seems that markets may have caught somewhat of a cold. Their remarks—highlighting that inflation remains too high while the labor market flashes no immediate warning signs—provide a fair argument against rushing into further cuts, at least until the situation deteriorates or clarity improves.This echoes Chair Powell’s own comments during his speech, where he noted the Fed was "driving blind" due to data delays and suggested that rates are now entering "the high end of the neutral range."When markets perceive barriers to the 2026 cutting cycle, the outlook for risk assets inevitably darkens.Since the end of the morning session, markets across asset classes have bled, sapping the good mood from the post-cut rally. The Dow Jones, which marked fresh all-time highs at the open, is now retesting its preceding highs—so there is still hope for a push higher if support holds.Everything will now depend on next week, the final week of true action before year-end trading slows to a crawl.Before we move to the key performance charts of the session, Trump made a very recent remark on his new favorite participant to replace Powell in May 2026. Kevin Warsh, an ex-Fed Governor, could be a more reassuring alternative for the title as Wall Street expressed their discontent about the other Kevin (Hassett). Read More:From the FOMC to NFP and CPI – Markets Weekly OutlookDow Jones Down 0.7%, S&P 500 Slips 1.4% on Renewed AI Angst. Will Seasonality Come to the Rescue?Gold (XAU/USD) Price Outlook: 1% to All-Time Highs, getting Jealous of SilverCross-Assets Daily Performance zoom_out_map Cross-Asset Daily Performance, December 12, 2025 – Source: TradingView Markets had been strolling their way in the regular post-FOMC way with Gold and the Dow loving their day before things turned sour.Look at the 10:00 A.M. huge swings in global assets. A good reminder to note underestimate Fed Speakers, particularly influential ones.A short list of who to keep your eyes on: Waller, Williams, Goolsbee, Paulson, Cook, Bowman and of Course, Powell.A picture of today's performance for major currencies zoom_out_map Currency Performance, December 12 – Source: OANDA Labs A very chaotic and confusing day in FX today, with an initial continuation of the US Dollar selloff which quickly stopped and reversed as Fed Speak brought back some equilibrium for the Greenback. FX Traders might already be looking for the year to end. 2026 promises to be interesting with yields converging and surely a lot more of geopolitical madness.A look at Economic data releasing throughout this Weekend and Monday's sessions zoom_out_map For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The trading week ended, but Sunday carries heavy weight for APAC traders as major data releases will shape Monday's open.Sunday evening will turn the eyes towards Asia:Japan's Tankan Survey (18:50 ET) is the main focus, with the Large Manufacturer's Index and Outlook expected to be slightly higher – One of the main pieces of information before the Bank of Japan's Rate Decision.This is followed by China's Industrial Production and Retail Sales (21:00 ET). Retail Sales are expected to hold steady at 2.9% YoY, providing a crucial check on consumer health.Monday's session kicks off the new week with a bang, focusing on inflation in Canada. The early European session features Eurozone Industrial Production (05:00 A.M. ET).The North American Session will be dominated by central bank data:Canadian CPI (08:30 A.M. ET) is the most critical event of the day. The Core CPI YoY is expected at 2.9%, and a strong print may add to the pre-existing Hikes (hikes ?!) priced in the market since last Friday's Employment beat.Simultaneously, the US Empire State Manufacturing Index (08:30 A.M. ET) releasesKeep a close eye on Fed's Williams speech at 10:30 A.M. ET. One can never underestimate his influence.Safe Trades and a restful weekend!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

Eurozone CFTC EUR NC Net Positions up to €990K from previous €91.8K

Most Read: Santa Claus Rally Strategy: How to Trade the S&P 500's Most Reliable Seasonal PatternWall Street Indexes and more specifically the S&P 500 and the Nasdaq, experienced a decline on Friday. This downward pressure was largely caused by Broadcom's recent financial results, which added to worries that the current high valuations around Artificial Intelligence (AI) technology might be creating a market bubble.This negative sentiment reduced the optimism that had been generated the previous day by the Federal Reserve's less aggressive signals about potential interest rate cuts in 2026.Shares of the chipmaker Broadcom dropped 8.4% after the company warned that its future profits on AI systems would be lower, even though it predicted strong sales.This forecast fueled concerns about how profitable the massive investments in AI technology will actually be. Other chip-related stocks also fell, with Advanced Micro Devices (AMD) losing 1% and the overall chip index dropping 1.5%.The cloud company Oracle also saw its shares fall 5%, following a massive drop in the previous session after it released a weak forecast. This was further exacerbated by reports that some of their data centers for OpenAI have been delayed from 2027 to 2028.S&P 500 Heatmap zoom_out_map Source: TradingView Fed Policymakers Strike Hawkish Tone Adding to the woes for Wall Street Indexes as well as risk sentiment has been comments from Federal Reserve policymakers.The two policymakers who dissented against a rate cut at the December 10 meeting this week, Schmid and Goolsbee both gave hawkish comments during the course of the day.Fed's Schmid says he dissented because inflation is too hot, policy should be modestly restrictive. Fed member Goolsbee, the President of the Chicago Fed, who was one of the officials who voted against the recent 25 bps rate cut, spent the morning giving several interviews.He strongly warned against the Federal Reserve cutting rates too quickly and too soon, a concept often called "Front-Loaded" cuts. His reasoning is because he fears this could cause damage to the economy, particularly by stalling progress on inflation, echoing concerns by Schmid.He explained that he preferred to wait until early next year to get more complete economic data, especially concerning inflation, as he believes the labor market is only cooling slowly and waiting poses little risk.Comments from voting members immediately after an FOMC meeting are always important because they give traders and investors deeper insight into the disagreements and reasons behind the final policy decision.For more on the comments and the immediate reaction to the comments, read Markets Flash Red After Fed's Goolsbee: Was the Post-Cut Rally a Trap?Will Seasonality Aid the S&P Breach 9000 Before Year-End? Market participants still hoping for a bullish end to the year will be looking toward things like seasonality and a potential Santa Rally to finish the year strong.Yesterday it seemed as though the 9000 break for the S&P 500 was only a matter of time, but following today's selloff market participants may be less confident.There is a positive thought in that historically the S&P 500 has performed admirably in the second half of December ranking as the fourth‑best half‑month period of the year going back to 1950. zoom_out_map Source: Isabelnet This coupled with the usual santa rally expectations may give bulls some optimism as we head into next week and the last jobs report of 2025. Will the unconventional NFP release be the catalyst needed for a final bullish push of the year? zoom_out_map For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Let us take a look at the technical picture heading into next week.Technical Analysis - S&P 500 Index From a technical perspective, The Dow Jones Index four-hour chart and the price action remains bullish.However, the current four-hour candle is threatening to break structure with a candle close below 6831 likely to bring bears to the table with more conviction.The entire zone between the 6800-6850 zone is a confluence area which make the next few hours crucial and could set the tone for early week price action for the S&P 500.The price of the S&P is currently stuck between the 50 and 100-day EMAs with the 200-day EMA resting on the 6800 handle.A break of the 6800 handle could bring the swing high at 6756 into focus before support at 6700.A move higher here faces immediate resistance around 6884 before the 6900 and YTD at 6929 comes into focus.S&P 500 Four-Hour Chart, December 12, 2025 zoom_out_map Source: TradingView (click to enlarge) Safe Trades and Happy Weekend.Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

Gold outlook remains strong after rallying to multi-week highs. The Fed’s dovish turn weighs on the yields, supporting the bullion. Geopolitical uncertainty and broader demand for gold keep the downside limited. Gold price trades with a solid footing on Friday’s European session, hovering near the highest level since late October. The mild pullback occurred in... The post Gold Outlook: Bulls Soar to Multi-Week Highs as Yields Drop After FOMC appeared first on Forex Crunch.

Best Futures Trading Platform for Mac Finding the best trading platform for Mac used to be a challenge. Most trading software was originally built for Windows; however, the landscape has changed significantly. Today, Mac traders can access powerful, browser-based trading platforms that offer professional tools, fast execution, and seamless performance on macOS devices. This guide covers the most reliable trading platforms for Mac, including the best futures trading platform for Mac, and explains which brokers integrate best with Apple devices. Furthermore, you will discover how each platform operates and why choosing the right combination can elevate your trading experience. Why Mac Traders Need a Compatible Trading Platform Mac devices are known for speed and stability. Even though this offers many advantages, not all trading platforms historically supported macOS. Because of this, traders needed workarounds. Fortunately, modern platforms now run directly through Safari or Chrome. As a result, Mac traders can experience professional charting, stable execution, and cross-device accessibility without installing additional software. In addition, most cloud-based platforms receive updates faster than desktop software, which means Mac users benefit from rapid improvements and fewer compatibility issues. 1. TradingView – The Best Trading Platform for Mac TradingView is widely considered the best trading platform for Mac, mainly because it runs entirely online. Therefore, it works instantly on any MacBook, iMac, or iPad without requiring installation or system adjustments. Access TradingView for Mac here. Why TradingView Is Ideal for Mac Traders TradingView performs exceptionally well in the browser; moreover, its interface is designed to load charts quickly and accurately. It includes professional features such as multi-timeframe analysis, smart drawing tools, alerts, and futures charting. In addition, it supports forex, indices, stocks, and crypto, making it extremely versatile. Because it is browser-based, TradingView is also one of the best futures trading platforms for Mac, especially when paired with a strong broker. Consequently, traders can benefit from both advanced charting and fast execution. 2. IC Markets – The Best Broker for Mac Traders A platform is important; however, a broker determines execution quality. IC Markets is one of the top brokers for Mac users because it integrates smoothly with both TradingView and MT5 WebTrader. Therefore, it delivers stable execution, ultra-tight spreads, and access to deep liquidity. Open IC Markets (Mac-compatible) here: Why IC Markets Works So Well on Mac IC Markets offers extremely low spreads, fast order execution, and strong liquidity. Furthermore, it supports futures-style CFD trading, which is ideal for Mac traders looking to trade indices, commodities, or currency futures. Because everything works through the browser, Mac users avoid compatibility problems entirely. In addition, IC Markets performs reliably during high-volatility events, which is essential for professional trading. 3. cTrader Web – Modern, Fast, and Mac-Friendly cTrader Web provides a clean, modern trading environment that loads quickly on any Mac device. It is designed for traders who want fast execution combined with a highly intuitive interface. Why Mac Traders Choose cTrader Web cTrader Web offers advanced charting, depth of market views, and one-click execution. Furthermore, it integrates perfectly with IC Markets, which ensures consistent performance. Since it runs entirely online, Mac traders benefit from immediate updates and high-speed functionality. In contrast to older desktop platforms, cTrader Web does not require installation or configuration, which makes it ideal for traders who want simplicity without sacrificing power. 4. MT5 WebTrader – Classic Trading Tools on Mac Although the desktop version of MetaTrader 5 no longer runs natively on macOS, the MT5 WebTrader version is fully compatible. This solution allows traders to use the traditional MT5 layout while accessing markets directly through Safari or Chrome. Benefits of MT5 WebTrader for Mac MT5 WebTrader supports forex and index trading, provides reliable order execution, and offers a familiar interface for seasoned traders. Moreover, when paired with IC Markets, it becomes a very stable environment for both intraday and swing trading. Consequently, many traders still prefer MT5 because of its straightforward workflow. Final Verdict: The Best Futures Trading Platform for Mac After comparing charting quality, platform stability, execution speed, and macOS compatibility, the following options deliver the best overall experience: Best Trading Platform for Mac TradingView — fast, browser-based, and equipped with professional tools for futures analysis. Best Broker for Mac Traders IC Markets — low spreads, fast execution, and seamless integration with all Mac-friendly platforms. Best Execution Platform for Mac cTrader Web — modern interface, fast execution, and ideal for intraday traders who prefer simplicity and precision. Together, these platforms and brokers create a powerful trading setup for any Mac user. Consequently, traders can access professional tools without switching to Windows or using virtual machines. FAQ – Trading Platforms for Mac What is the best trading platform for Mac? TradingView is the best trading platform for Mac due to its clean interface, browser compatibility, and professional charting features. What is the best futures trading platform for Mac? TradingView provides excellent futures charting, while IC Markets offers fast and reliable execution. Can you trade futures on a Mac? Yes. TradingView, MT5 WebTrader, and cTrader Web allow Mac users to analyze and trade futures-style markets without installation. Does MT5 work on Mac? Yes. MT5 WebTrader works smoothly in Safari and Chrome. Which broker is best for Mac traders? IC Markets offers the best combination of execution speed, low spreads, and Mac compatibility. Het bericht Best Futures Trading Platform for Mac verscheen eerst op theforexscalpers.

The State Street Galaxy Onchain Liquidity Sweep Fund, known as SWEEP, is expected to debut on the Solana blockchain in early 2026. Ondo Finance is anticipated to seed the fund with roughly $200 million. The fund will allow eligible Qualified Purchasers to subscribe and redeem using PYUSD stablecoins, subject to the availability of assets in the portfolio. Future integrations are planned across Stellar and Ethereum, with Galaxy intending to use Chainlink to support cross-chain interoperability. State Street said SWEEP combines its decades of experience in cash and liquidity management with Galaxy’s blockchain infrastructure capabilities. State Street Bank and Trust Company will act as custodian for the treasury holdings, while Galaxy will provide the tokenisation technology and infrastructure powering the issuance and management of SWEEP tokens. Kim Hochfeld, State Street’s global head of cash and digital assets, said the collaboration demonstrates how “TradFi and DeFi sector players unite” to influence the future of capital markets. Steve Kurz, Galaxy’s global head of asset management, called SWEEP a “game-changing collaboration”. Ian De Bode, President of Ondo Finance, said tokenisation is becoming “the connective tissue between traditional finance and the onchain economy,” adding that the planned investment supports the evolution of institutional access to short-term U.S. Treasuries with instant mints and redemptions. The partnership expands an existing relationship between State Street and Galaxy, which began with the launch of actively managed digital-assets ETFs in 2024. The post State Street and Galaxy Digital to Launch Tokenised Liquidity Fund appeared first on LeapRate.

LuxAlgo Volume Flow Zones Indicator MT5: Advanced Institutional-Grade Volume Profile Analysis In the dynamic world of forex trading, understanding where institutional money flows can mean the difference between profitable trades and costly mistakes. The LuxAlgo Volume Flow Zones Indicator MT5 brings professional-grade volume profile analysis to retail traders, revealing hidden market structure through sophisticated money

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Cracker Barrel (CBRL) was down as much as 14% recently. …The post Cracker Barrel’s Rebrand Bust and the Next Wave of Applied AI Stocks appeared first on Market Traders Daily.