The USDJPY is moving higher as the clock ticks toward the FOMC meeting minutes scheduled for release at the top of the hour.Looking at the daily chart for the USDJPY, the price has now moved above the low price from yesterday which was near the low price from the...
Sam Altman and OpenAI board open talks for his possible return
Sam Altman and OpenAI (the firm he founded) have opened his talks for his possible return. A possible outcome could be adding Altman to the transitional OpenAI board. It seemed that although Microsoft was open to hiring Altman and others from OpenAI, it may have been...
US treasury auctions off $15B of 10 year TIPS at a high yield of 2.18%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
EURUSD trading range extends, can momentum thrive?
The EURUSD is extending its trading range to the downside. The low to high trading range is now up to about 45 pips which compares more favorably to the 75 PIP average, but there is still room to roam if momentum can be sustained. On the downside, the next target...
European indices are ending the day lower
After gains over the last 3 weeks, the major European indices are off to a modest declines today and for the week so far. The subdued activity occurred as investors anticipate the release of the Federal Reserve's recent meeting minutes, hoping to find indications that...
USD/JPY Latest: Yen Strengthens Ahead of Japanese CPI Report
Japanese Yen AnalysisJapanese Yen backs away from supposed intervention trigger after renewed strengthUSD/JPY breaks beneath a dynamic level of prior supportJapanese yen is most heavily shorted since at least 2020, posing risk of a short squeezeThe analysis in this...
UK raises the minimum wage to £11.44 per hour from £10.42
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan chief cabinet sec Matsuno: Believes N Korea will take further provocative actions
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s Lagarde: We have made those future decisions conditional on incoming data
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Gold’s $2000 Surge: Bold momentum pauses at stall point. What next?
The price of gold is experiencing a significant upward surge. As of today, it has risen nearly $27, surpassing the $2000 mark and is now approaching its next target, the late October high of around $2009.42. The highest price reached today was $2007.54, indicating a...
AUDUSD tests key 200 day MA and finds some stall
The AUDUSD continued to move to the upside after yesterday breaking above a ceiling area between 0.6500 and 0.65229. The momentum today took the price through its 50% midpoint of the move down from the July hide to the October low at 0.65824, but fell short of the...
US existing home sales for October 3.79M annualized versus 3.90M estimate
For the full report CLICK HEREPrior month 3.96 million annualize rate revised to 3.95MExisting home sales for October 3.79M vs 3.90M estimateExisting home sales -4.1% versus -2.2% last monthInventory 1.15M which is 3.6 months up from 3.4 months last monthSales are...
Charting the Path: USDZAR
South Africa is grappling with economic challenges, marked by persistent power outages, social unrest, and structural constraints hindering growth. The latest data from Statistics South Africa shows a 1.2% quarter-on-quarter GDP growth in Q2 2023, driven by mining,...
Japan’s chief cabinet secretary: No damage reported so far from North Korea missile launch
Japan's chief cabinet secretary Matsuno:No damage reported so far from North Korea missile launch.Japan will lodge protest to North Korea in the strongest possible terms.Will keep in close contact with allies.Will soon convene a national security committee...
As expected, the US stocks are lower at the open
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US stocks are targeting a lower open
The major US stock indices are targeting a lower opening with the NASDAQ index leading the way. A snapshot of the implied openings from the futures shows:Dow industrial average -40 points after yesterday's rise of a 203.76 points or 0.58%S&P down -10.50 points...
Kickstart your forex trading on November 21 with a look at the EURUSD, USDJPY and GBPUSD
In the daily kickstart technical video, I take a look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD - and outline the bias (bullish or bearish), the risk and targets for each 1The EURUSD trading range is only 28 pips today. That is well below the...
Japan government tells residents to take cover from North Korea missile threat
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Politico: US has brokered a deal to free dozens of hostages held in Gaza
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Philadelphia Fed nonmanufacturing business activity index -11 versus -20.3 last month
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...