MY.BLOGTOP10.COM

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,...

TD is looking for the US dollar to fall further. Analysts at the bank say that after the most recent "positive" inflation report, the USD experienced a dramatic slide. And say that since the positioning-driven surge in May, they have been recommending USD shorts, and...

Morgan Stanley slashed its China 2023 economic growth forecast to 5.0% from 5.7% previouslyand for 2024 to 4.5% from 4.9% previouslyThe change came after the weak data from China on Monday:Morgan Stanley said the GDP report was weakChina's government is being slow to...

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,...

Markets:Gold flat at $1955US 10-year yields down 1.3 bps to 3.80%WTI crude oil down $1.33 to $74.10S&P 500 up 0.5%CAD leads, NZD lagsThe dollar strengthened early in the day on a strong Empire Fed and Yellen floating more China inbound investment controls. Flows...

The one-way trade in the Nasdaq since May has extended further, with the index rising 1.0% to the best levels since April 2022.Intel is leading the way today with a 4% gain despite incoming China export controls on semiconductors. Tesla and Activision-Blizzard are...

The EIA sees US share regions producing 9.399 million barrels per day in August, down 18,000 barrels per day after a 5,900 bpd rise in July.The evidence continues to mount that we're at the peak of US shale supply and that it will be tough to sustain later in the...

The Russell 2000 is particularly strong today, aided by bank stocks, industrials and technology.Typically, the Russell tracks global growth sentiment but it's headed in the opposite direction to copper and oil today as the world frets about China but cheers on a...

The Kerch bridge was once again attacked today, this time likely by water-based drones. The automotive part of the bridge was damaged while the rail bridge was left intact. It's a critical logistics transportation hub from Russia to Crimea to support the war. Two...

The US dollar saw some positive flows early in New York trading but it has given them back despite rising long-term yields. AUD/USD (below) fell as low as 0.6788 but has rebounded to 0.6820 while the euro fell to 1.1204 before bouncing to 1.1232.The main event this...

Goldman Sachs economist Jan Hatzius has cut the chances of a US recession to 20% from 25% previously."The probability of a U.S. recession has fallen further as both recent data and ongoing fundamentals point to rapid — and mostly painless — disinflation from here," he...

EURUSD dailyCredit Agricole views EUR/USD as expensive relative to its estimated short-term fair value. The bank also notes that the euro is the most overbought currency in G10 FX, according to its positioning data. Additionally, the EUR nominal effective exchange...

The US-based semiconductor industry association has called on the Biden administration to refrain from further sanctions on US microchip sales to China.The association called for the the restrictions to be narrow and clearly defined. Here is the statement:The...

A New York Times article from last week on the US efforts to curb Chinese access to microchips is eyeopening. ‘An Act of War’: Inside America’s Silicon Blockade Against China is the title of the article and it's not overstated. It outlines how on Oct 7 of last year,...

The major indices last week rose with the NASDAQ leading the way. The Dow industrial average gained and is working on a 5 day winning streak. The S&P and NASDAQ moved lower on Friday snapping therefore day streak to the upside.Today, the Dow is lagging along with...