The fight for US Treasury Secretary is thought to be coming to a conclusion with Kevin Warsh and Scott Bessent the betting favorite on Polymarket. However, Fox's Gasparino has tweeted that Marc Rowan made a strong pitch for the post to Pres. Trump.Needless to say, the...
University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate
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,...
Tech giants stumble: Communication services slump amid mixed market signals
Stock heatmap by FinViz.com Fri, 22 Nov 2024 14:46:08 GMTSector OverviewThe stock market is showcasing a mixed bag of performances today, characterized by a notable decline in communication services, while some tech giants experience pressure. Simultaneously,...
S&P global manufacturing PMI 48.8 versus 48.8 estimate. Services 57.0 versus 55.2 estimate
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 indices are trading marginally higher to start the day
The major US stock indices are marginally higher to start the new trading day:Dow industrial average is up 80 points or 0.19% at 43960S&P index is up 6.47 points or 0.10% of 5954.90NASDAQ index is now trading marginally lower by 4.5 points or -0.2% at 18963.The...
AUDUSD trading near the middle of the range for the week. Some ST bullish.Some ST bearish.
The AUDUSD opened the week below a swing area between 0.6471 and 0.6479. On Monday the price moved above that area and stayed above it for the rest the week. In trading today, the low price move down to test a low of that swing area but found willing sellers. The...
US stocks are mixed in premarket trading
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ECBs Nagel (Hawk): PMI data confirms that Germany is stagnating
ECB Nagel is on the wires saying"PMI data confirm that Germany is stagnating and start of next year will be complicatedNeed to wait for next projections before discussing rate capsize.We are on the right trackNagel is considered more of a hawk.The EURUSD fell sharply...
ECBs Villeroy: ECB is achieving a soft landing
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Canada retail sales for September 0.4% vs 0.4% estimate
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Canada October new housing price index MoM -0.4% vs 0.1% 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,...
What technical levels are in play for some of the major currencies vs the USD for Nov 22
The European data was yucky (if I can use a favorite word of my grandson). All the data from German GDP, to UK retail sales and flash services and manufacturing data missed the expectations. Only one, UK flash services PMI, was 50.0 or better and it came in right at...
SNB chairman Schlegel: Switzerland needs flexible inflation target, as it currently has
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,...
ForexLive European FX news wrap: Poor PMI data weighs on euro, pound
Headlines:Markets:JPY leads, EUR and GBP lag on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 4.2 bps to 4.390%Gold up 1.1% to $2,698.77WTI crude down 0.8% to $69.55Bitcoin up 0.6% to $98,636The big mover on the day is the euro as...
Russia deputy prime minister says oil market is balanced thanks to OPEC+
Novak had graduated from being Russia's energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC. Adding that:"Russia will continue to be...
EURUSD Technical Analysis – The Euro falls to the lowest level since 2022
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged due to the lack of catalysts at three rate cuts by the end of 2025.This morning, we saw some strong bids in the greenback...
USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged at three rate cuts by the end of 2025 for the Fed.This morning, we saw some strong bids in the greenback due to the weak...
Capitalize Announcing Prop Trading with One-Step Evaluation Program for Aspiring Traders
Capitalize, one of the leading proprietary trading firms, has announced their "One-Step Evaluation" program that allows easier access to trading opportunities than ever before. As part of this user-friendly process, traders can showcase their talent and get funding in...
Stocks stumble in European morning trade
Equities have now taken a turn lower on the session with European indices seeing red for the most part now. The DAX is now down 0.5% and CAC 40 down 0.8% after the more positive start to the day here. Meanwhile, US futures have also dipped lower with S&P 500...
UK November flash services PMI 50.0 vs 52.0 expected
Services PMI 50.0 vs 52.0 expected and 52.0 prior.Manufacturing PMI 48.6 vs 50.0 expected and 49.9 prior.Composite PMI 49.9 vs 51.8 expected and 51.8 prior.Key Findings:Flash UK PMI Composite Output Index(1) : 49.9 (Oct: 51.8). 13-month low. Flash UK Services PMI...