Goldman Sachs identifies two dominant narratives shaping the current market dynamics: US Resilience and China Challenges. In the realm of foreign exchange, both these themes culminate in an amplified strength for the USD.1. US Resilience:Positive Economic Momentum:...
US equities drift to session lows. Nasdaq gives up gains
The strong open in US equities has slowly faded and now the S&P 500 is down 12 points to 4387 while the Nasdaq has pared its gain to +0.05%.Eyes are on Nvidia ahead of tomorrow's earnings report. Shares hit a record high at the open but are now lower by 2.6%.For a...
USDJPY shifts back into more neutral area
USDJPY falls back between 100 and 200 hour MAsThe USDJPY high today in the Asian-Pacific session stalled against the high from yesterday and set a ceiling area between 146.299 and 146.40.Sellers took the price down to - and through - the 100-hour moving average, on...
Nvidia is making bullish technical waves w/earnings around the corner. What next?
The shares of Nvidia are trading down currently after surging by over 8% yesterday and extending to a new all-time high today. The high price reached $481.89 today.Tomorrow after the close, the company will announce the earnings for the current quarter. Recall that...
Fed’s Barkin says he won’t pre-judge the outcome of the Sept FOMC meeting
Fed's BarkinConsumer spending and economic strength make it possible US economy could re-accelerate before inflation coolsIf inflation remains high and demand gives 'no signal' it is likely to drop, that would require tighter mon polRecent moves in bond yields not a...
European equity close: Solid gains across the continent but well off the highs
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 tumbles to key support target. Will buyers lean against the key swing area?
A technical update for the EURUSD:The EURUSD has continued its move to the downside as dollar buying dominates early US trading. The price has moved down to a key swing area. Looking at the 4-hour chart below, the area between 1.0833 and 1.08485 is home to a number of...
Looks like no SEC vs GBTC decision today
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 existing home sales for July 4.07M vs 4.15M estimate
Existing home sales for JulyPrior month 4.16MExisting home sales for July 4.07M vs 4.15M estimateSales are down -16.6% from a year agoInventory of homes 3.3 months versus 3.1 months last monthSupply of homes 1.11 billion at the end of July for an increase of 3.7% from...
US August Richmond Fed composite index -7 vs -9 prior
Prior month -9Shipments index -5 versus -6 in JulyServices index +4 versus -2 in Julyemployment -3 versus +5 in Julywages +22 versus +19 in Julyprices paid 3.17 versus 4.07 in Julyprices received 3.11 versus 4.01 in JulyNew orders -11 vs -20 priorExpectations of new...
Bitcoin sags as Grayscale verdict awaited
Cryto traders are watching the clock today and waiting for an 11 am (or just before) ruling on the Grayscale Trust vs SEC case in the D.C. Circuit Court. It won't necessarily come at that time, or today at all but rulings typcically come on Tuesdays and...
Major indices are mixed as the US trading gets underway
The major US stock indices at 10 minutes into the open and are trading mixed. The Dow industrial average which was lower yesterday, is modestly lower again today. The S&P and NASDAQ are higher, but off their premarket high levels. A snapshot the market shows:Dow...
A technical look at the USDCAD, AUDUSD and NZDUSD for the US trading session.
The video above outlines the technicals that are driving the major commodity pairs including the USDCAD, AUDUSD and NZDUSDUSDCAD: The USDCAD has been wandering to the downside and trading today with the price moving back below its 100-hour moving average of 1.35353....
바뀌는 실업급여! 월급의 2배는 없다!
https://www.youtube.com/watch?v=LGk9MpoUQuY 실업급여 지급 형태가 바뀐다고 합니다. 바뀌는 고용보험제도에 대해 설명드립니다! #실업급여 #복지혜택 #고용보험제도 MoneyMaker FX EA Trading Robot
August 22, 2023: Kickstart the FX trading day w/ a look at the EURUSD, USDJPY and GBPUSD
Kickstart your FX a day with a technical look at the EURUSD, USDJPY and GBPUSD.EURUSD: The EURUSD moved higher in the Asian and into the early European sessions. In the process, the price extended above its 200-hour moving average at 1.0916, but found willing sellers...
Yields and the US dollar turn higher
The US dollar has turned higher alongside Treasury yields. We've seen this a few times in early US trading at the times of maximum liquidity. Yields are still slightly lower ont he day at the long end up US 10s have moved up to 4.336% from a low of 4.306% in the past...
Philly Fed August nonmanufacturing index -13.1 vs +1.4 last month
Philadelphia Fed nonmanufacturing index for AugustPrior 1.4%Firm level activity -0.5 versus 2.0 priorNew orders -16.0 versus -13.3 priorEmployment 8.1 versus 11.9 priorWage and benefit 33.7 vs 39.8 priorFutures index 6 months forward 8.2 versus 20.5 prior. 51% of...
Fed’s Barkin: If the US has a recession, it would likely be less-severe one
Fed's BarkinThis is the only headline so far from his comments. I'll watch out for more.I agree it would probably be less severe, in part because the Fed has 500 bps of ammo to fight it.More:Try not to focus too much on short-term market movesFed needs to achieve 2%...
The NZD is the strongest and the EUR is the weakest as the NA session begins
The NZD is the strongest of the major currencies, while the EUR is the weakest as the North American session begins. The USD is mostly lower for the 2nd consecutive day. Today, however, yields in the US are a bit lower and helping the greenback's decline. Yesterday,...
USDJPY Technical Analysis – Key support level to watch
US:The Fed hiked by 25 bps as expected and kept everything unchanged.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US economic data keeps on surprising to the upside, but inflation expectations and CPI readings continue to...