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,...
IMF boosts US growth forecasts, trims China and Germany
Global growth 3.2% vs 3.2% in July forecast US growth seen at 2.3% for 2024 vs 2.6% in JulyUS 2025 growth seen at 2.2% for 2025 vs 1.9% in July China growth at 4.8% for 2024 vs 5.0% in JulyEuro Zone growth at 0.8% for 2024 vs 0.9% in July, 1.2% for 2025 vs 1.5% in...
S&P 500 futures down 32 points as the market recoils at rising Treasury yields
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,...
Aventus Network Confirms Launch of Aventus 2.0
Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. The update...
Canada September producer price index -0.6% vs -0.5% 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,...
Maximize Trading opportunities with market insights
The forex markets are showing ups and downs after the USD moved higher yesterday helped by rising interest rates . Currently rates are of modestly higher the front end and down modestly near the end of the yield curve. US stocks are lower as geopolitical risks of...