EUR/USD, EUR/GBP PRICE, CHARTS AND ANALYSIS:Most Read: Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand ConcernsEURO GDP REVISION AND FUNDAMENTAL BACKDROPThe Euro outlook continues to look bleak despite a resilient day against the Greenback. EUR/GBP...
Gold Touched Its All-History High. Maybe It’s Not the End
Gold has reached its all-time high, surpassing $2,100 per ounce for the first time in history, a milestone achieved this Monday morning. While there was a slight adjustment afterward, the occurrence is surely historic. Many experts are optimistic about gold's future...
US consumer credit for October rose by $5.13 billion versus $9.00 billion 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,...
USD/JPY goes quiet after all the drama
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 consumer credit outstanding +5.13B vs +9.00B 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,...
Crude oil futures settle at $69.34
Crude oil is settling at $69.34. It is down four cents or -0.06% on the day. The high price reached $70.48 the low price was down at $68.80. The low price reached the lowest level going back to June 28. For the year, the price is now down -13.47%. That's the largest...
EURUSD tests key moving averages, but sellers stall the rally
EURUSDThe EURUSD opened the North American session near its 100-day moving average and moved higher. The initial run to the upside stalled just ahead of the 1.0800 level which led to a rotation back down to retest its key 100-day moving average AND 50% retracement...
BOC’s Gravelle: Still pretty clear that we’re not on sustainable path to 2% inflation
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,...
Preview: November non-farm payrolls by the numbers
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,...
USD/JPY implodes in 400 pip fall. What’s next?
Monetary policy divergences make the best trades and the market is sniffing one out in USD/JPY.The Fed appears to be on its way towards cutting rates just as the Bank of Japan raises them. The market is pricing in a 70% chance of a Fed cut in March or earlier while...
USDJPY continues its tumble as it skirts below its 200-day moving average at 142.292
The USDJPY took another plunge to the downside. This one took the price from 144.3092 a low of 141.622 (see price action on the five-minute chart below). That move took the price below its 200-day moving average 142.282. However, the price has quickly snapped back...
Atlanta Fed GDPNow dips to 1.2% from 1.3% previously
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,...
BOC Gravelle: Acknowledged a welcome improvement in Oct inflation measures but more to do.
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 Toni Gravelle due to speak
Bank of Canada's Toni Gravelle will be speaking at 12:50 PM ET. The Bank of Canada kept rates unchanged yesterday.Highlights from the statement:The Bank of Canada maintained its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at...
Federal Reserve: US household net worth falls to $151 trillion in Q3 2023
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,...
European indices close lower, German DAX snaps seven-day run to the upside
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,...
GBPJPY plunges as Bank of Japan’s Ueda hints at tighter policy in 2024
Like the USDJPY, the GBPJPY is sharply lower after Bank of Japan's Ueda hinted of tighter policy in 2024 if inflation does not move back to the downside. Technically, the news sent the price tumbling below its 200-bar moving average on the 4-hour chart. That moving...
The U.S. Treasury has announced their coupon auctions for next week
Although yields have moved sharply to the downside of late, there still is a watchful eye on the supply of treasuries and the demand for treasuries especially from foreign investors. Concerns that the ever-increasing supply will crowd out other borrowers and lead to...
USDJPY nosedives below 50% midpoint as bearish trend persists
USDJPY breaks below 50% midpoint as a trend lower continuesThe USDJPY is extending the trend move to the downside and has extended to a new session low. In the process, the price has moved below its 50% midpoint of the last trend move higher from the July low to the...
Nasdaq index erases the week’s declines
The Nasdaq index is trading to a new session high of 14313.03. That's up 166 points or 1.18%. In the process, the index is now positive on a week by 0.05%. The Nasdaq index has been up for five consecutive weeksRecall that last week, the price moved to a new high for...