The major indices are trading mixed in early US trading. Both the Dow industrial average and S&P index traded above and below the unchanged level. The NASDAQ index remains in the red but well off the premarket low levels as well.A snapshot market 6 minutes after...
US stock future imply a lower open
US stock futures are implying a lower opening after sharp declines yesterday. The NASDAQ index had its 2nd worst trading day of the year with a decline of -2.43% (the worst day of the year was -2.5% on February 21). The features are currently implying:Dow Industrial...
Kickstart your FX trading for October 26 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on October 26, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?EURUSD: The EURUSD is moving higher despite stronger...
Lagarde Q&A: Now is not the time for foward guidance, it’s time for data dependency
PEPP wasn't discussed at this meetingOur determination to bring inflation to 2% is intactRise in yields is a spillover that we take into account, it helps bring inflation downWhat we are seeing is a very-strong transmission of our monetary policy in the banking system...
Lagarde opening statement: Past hikes are increasingly dampening demand
Rates will make a 'substantial contribution' to curbing inflationThe eurozone economy remains weakTighter conditions are weighing on investment and savings; highlights drag from industrial sectorEconomy is likely to remain weak for the remainder of this yearThere are...
Watch live: ECB press conference
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’s Macklem: We may not have to raise rates further
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 initial jobless claims 210K vs 208K estimate
Prior week 198KInitial jobs claims 210K vs 208K estimate4 week moving average of initial jobless claims 207.5K vs 206.25K last weekContinuing claims 1.790 Mvs 1.740M estimate. Prior week revised to 1.727M from 1.734M 4 week moving average of continuing claims 1.724M...
September advance goods trade balance -$85.78B vs -$84.64B 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,...
US September durable goods orders 4.7% versus 1.7% expected
Prior +0.2% revised to -0.1%Durable goods orders 4.7% versus 1.7% expectednondefense capital goods orders ex air 0.6% vs +1.1% last month (revised up from 0.9%) Ex Transportation 0.5% versus 0.2% expected. Prior 0.5% (revised from 0.4%)Ex Defense 5.8% versus -0.7%...
US Sept wholesale inventories 0.0% vs -0.1% 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,...
US Q3 advance GDP +4.9% vs +4.3% expected
Final Q2 reading was +2.4% annualizedQ1 was +2.0% annualizedBest quarter since Q4 2021Estimates ranged from 2.5%-6.0%Details:Consumer spending +4.0% vs +0.8% priorConsumer spending on durables %GDP final sales +3.5% vs +4.5% expected (+2.3% prior)GDP deflator 3.5% vs...
ECB leaves key interest rates unchanged in October monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Incoming information has broadly confirmed previous assessment of medium-term inflation...
The USD is the strongest and the EUR is the weakest as the NA session begin..
The USD is the strongest and the EUR is the weakest as the NA session begins. The major currencies ranking are showing relatively scrunched together. As a result, the rankings can shift around. Looking at the ranges vs the 22 day averages (see table below), the...
Nasdaq Composite Technical Analysis – Watch what happens around this trendline
This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a ground operation in Gaza over the weekend and the positive news about a couple of hostages being released. Yesterday, on the other hand, we...
ForexLive European FX news wrap: Yen jumps for only a moment, equities stay in retreat
Headlines:Markets:USD leads, EUR lags on the dayEuropean equities lower; S&P 500 futures down 0.7%US 10-year yields up 1.9 bps to 4.972%Gold up 0.2% to $1,984.02WTI crude down 1.9% to $83.82Bitcoin down 1.6% to $34,107The session started with a focus on USD/JPY...
11월부터 건강보험료 줄어듭니다! 새롭게 시행되는 ‘소득정산제도’
https://www.youtube.com/watch?v=Bx-HAy7A6_g 11월부터 전체 건강보험 지역가입자분들이 부담하는 평균 보험료가 낮아지고, 작년 9월에 처음 도입된 건강보험료 정산제도가 역시 11월부터 최초로 적용됩니다. #건강보험료 #소득정산제도 #11월 MoneyMaker FX EA Trading...
GBPUSD Technical Analysis – New lows in sight
USThe Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed that the FOMC still expects another rate hike by the end of the year with less rate cuts projected in 2024.Fed Chair...
What can we expect from the ECB later?
There will no be no changes to key interest rates today and no tweaks to other policy instruments as well. So, that leaves very little for the ECB to work with and not much for markets to really scrutinise overall. It's going to be all about the language and how the...
UK October CBI retailing reported sales -36 vs -14 prior
That's a poor reading for the monthly retail sales balance as UK retailers suffer the joint-worst October on record, according to CBI. Retailers are seen cutting orders to suppliers and are expected to do so again in November and that does not bode well heading into...