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,...
Trade ideas thread – Wednesday, 23 October, insightful charts, technical analysis, ideas
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,...
What’s ahead on the earnings calendar for the rest of the week
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,...
Bank of Canada expected to cut by 50 basis points and continue cuts to end-2025
The Bank of Canada rate decision is on Wednesday and a strong consensus has formed around the likelihood of a 50 basis point cut. It would be the first jumbo rate cut of the cycle that started in June and has seen three 25 bps cuts so far.The OIS market is priced for...
Goldman Sachs sees 4.30% in 10-year yields as a line in the sand for risk appetite
In my view, US stocks have been able to rally with yields rising because the market has priced out the risk of a recession while pricing in a larger Fed put in light of Powell's willingness to pull the trigger on a 50 basis point cut.That's a powerful combination but...
GBPUSD Analysis: Key levels to watch as we head into the new trading day.
At the start of the US session today I posted on the GBPUSD:GBPUSD: Traders have been targeting the 100 day MA and the 61.8% of the move up from the August low at 1.2962 and 1.2958. The low price today reached within 3 pips of the 100 day MA at 1.2965 and bounced to...
ECB’s Rehn: Growth outlook has weakened and this could increase deflationary pressure
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,...
S&P 500 turns positive
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,...
Israel attack on Iran “seems that it will be within days” – report
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 Villeroy: There is a risk of undershooting 2% target, especially if growth weak
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 dollar rally? It’s the economy, stupid
It's the time in the cycle when everything that happens in markets is tied back to politics. I looked at Trump trades on Thursday and aside from some pockets, it's tough to make the argument that's the major driver, let alone in stocks or bonds.But how about the...
Is inflation back under control?
Massive stimulus measures implemented by governments to support their economies during the pandemic and following supply chain disruptions have led to increased money supply and rising inflation.Over the past two years, central banks have addressed this problem by...
If stocks are so expensive, find a reason to sell.
I am listening to CNBC and the pundits are mostly spewing How the stock market is overbought. How the stock growth rate over the next 10-years will average 3% per year. How Trump winning will be bullish (PS everyone was bearish in 2016 when he was elected and it...
Crude oil tests 200 hour MA
The price of crude oil futures are trading higher by $1.73 or 2.47% at $71.78. The move to the upside has the price testing its 200-hour moving average at $71.76. A move above is needed to increase the bullish bias with the 38.2% retracement of the move down from the...
EURUSD sellers making a play. Extends below the low from last week
The EURUSD sellers are making a play in the US session with the price moving below the low from last week at 1.08103. The price has moved to a low of 1.0800, bounced back to 1.08148 but is back down to 1.0806. Buyers and seller battle. If the sellers play to the...
European equity close: Comeback cuts the losses
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,...
Decentraland Launches Revamped Virtual World
Decentraland, the first decentralized virtual social world, launched a powerful new desktop client today, signaling a new era for experiencing spatial environments. This beta release enhances performance, delivers a more immersive environment, and introduces new...
USDCHF technical story remains the same. The EURCHF sellers are making a play to downside
Earlier today in a post I summarized the technical for the USDCHF by writing:USDCHF: The USDCHF remains above the 38.2% of the move down from the July high at 0.86318. Yesterday support buyers came in against the level increasing its importance going forward. Stay...
AUDUSD bounces and retests 100 day MA. Seller lean against the level.
Earlier today I wrote:AUDUSD: The 50% midpoint of the move up from the August low comes in at 0.6645 and the low reached 0.6650 at the start of the new trading day today. The bounce higher has moved to a swing area between 0.6685 to 0.6695. At the 0.6695 level is also...
Don’t be surprised if Canada Prime Minister Justin Trudeau resigns this week
Canadian Prime Minister Justin Trudeau is on the way out as Canadian Prime Minister one way or the other. The only question is: When?Canada will hold an election sometime between now and next October as the Federal government's term runs out and if Trudeau leads the...