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...
ECB’s Holzmann: Disinflation is faster than expected
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,...
BOE’s Greene: I tend to favor a gradualist approach to cutting rates
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,...
USDCAD backs off after rising to swing area. Traders may be feeling overbought conditions
The USDCAD has been racing to the upside over the last few weeks with the low price at 1.3472 back on October 2. The high price yesterday reached 1.38475 on October 21. That's a big move in a relatively short amount of time. The price also reached to a new high going...
ECB’s Lagarde: Can’t jump to conclusion that inflation target is a done deal
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 October Richmond Fed manufacturing composite index -14 vs -21 prior
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 keeps on going: Touches new record high
Gold rallied to a fresh high yesterday then quickly fell $25 on profit taking. It steadied in Asia and began the climb again and has just broken to a fresh record.I fear there is some pre-election buying of gold that could unwind after the decision, particularly if...
Tech sector falters: Financials remain stable amidst volatile market
Stock heatmap by FinViz.com Tue, 22 Oct 2024 13:46:02 GMTSector OverviewToday's US stock market heatmap reveals a day of mixed movement, with the technology sector facing notable challenges while financials show resilience. The technology sector, particularly...
US stocks lower with the Nasdaq the worst performer
The US major indices are all lower at the open with the NASDAQ leading the way to the downside:a snapshot of market currently shows:Dow industrial average down -86 72 points or -0.20% at 42844.88S&P index down -26.09 points or -0.45% at 5827.89NASDAQ index down...
ECB’s Nagel says a dot plot system is not desirable
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,...
IMF’s Gourinchas: China’s stimulus measures announced by PBOC not sufficient to lift GDP
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 Knot: Falling interest rates should ease debt burdens
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 Centeno: Data will tell us if larger rate cuts are needed
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,...
Kickstart the FX trading day for Oct 22 w/a technical look at EURUSD, USDJPY and GBPUSD
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,...