The USDCAD is lower on the day but there is work to do. More specifically technically, the USDCAD pair needs to get and stay below the 100-hour moving average at 1.34819 (and moving higher) to show the sellers can take back more control. That moving average was tested...
US weekly EIA natural gas storage change +35 bcf vs +34 bcf expected
Prior was +29 bcfThere was some talk of a bullish reading on this number due to higher power burn but that wasn't the case. Front month gas was up 7 cents to $2.66 ahead of the release.Storage build season continues and we're now into hurricane season, which could...
China’s struggling economy: Growing debt woes and market disillusionment
USD/CNH dailyI tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH.We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant...
US Leading index -0.4%% vs -0.4% estimate
For the news stations, the leading index fell for the 16th consecutive month. The index fell -0.4% vs -0.4% expectations. Last month the index fell -0.7%. The index is supposedly pushing toward a recession. At this point, it is the boy that cried wolf but perhaps at...
Why Capri Stock Skyrocketed by 55%, and What to Pay Attention to
Every single time you witness a random asset gaining dozens of percent, you might experience a touch of FOMO. And the next thought that might cross your mind is, maybe it’s not the end yet? Maybe another powerful and profitable hike is near? Or, at the least, a period...
US indices marginally higher to start the trading day
The US major stock indices are marginally higher as trading gets underway. The markets seem a bit hesitant to move higher. The NASDAQ index has declined by around -1.1% for 2 consecutive days. It is holding onto a very small gain 15 minutes into the open. A snapshot...
Both the AUDUSD and NZDUSD found support buyers on the break to new 2023 lows today
Both the AUDUSD and the NZDUSD found support buyers on their earlier day breaks to the new 2023 low and bounced higher. Each pair is approaching/testing falling 100-hour moving averages. Getting above the 100-hour moving average is the minimum target to get to and...
Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD
Kickstart your trading date with a look at the morning video for August 17, 2023. In the video I take a look at the 3 major currency pairs including the EURUSD, USDJPY and GBPUSD. It is a must watch. EURUSD: The EURUSD has moved higher and in the process tests the...
Cable climbs to a one-week high as the US dollar stumbles
Cable is nearing 1.2800 as it takes advantage of some moderate US dollar selling early in New York trading.GBPUSD dailyThe trendline from the July peak is in danger of giving way but I would be careful to declare the downtrend dead until 1.2819 breaks. That was the...
August US Philly Fed manufacturing index +12.0 vs -10.0 expected
Philly Fed business index +12.0 vs -10.0 expectedFirst positive reading since last AugustPrior was -13.5six-month index +3.9 versus +29.1 last monthcapital expenditures index -4.5 versus +8.6 last monthemployment index -6 versus -1 last monthprice paid index +20.8...
US initial jobless claims 239K vs 240K estimate
> US initial jobless claims 239K vs 240K estimate US initial jobless claims for the week ending August 12 <!--> --> <!--> Prior was 248K revise marginally higher to 250KInitial jobless claims 239K vs 240k estimate4-week moving average of initial...
Nasdaq Composite Technical Analysis – The bias remains bearish
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the Nasdaq Composite just keeps on falling with very shallow pullbacks. One of the main...
The JPY is the strongest and the USD is the weakest as the NA session begins.
The strongest to the weakest of the major currenciesThe JPY is the strongest and the USD is the weakest as the NA session begins.Yesterday, the FOMC minutes were released. Recall, the Federal Reserve raised interest rates to their highest in 22 years during their July...
직장인, 무직자를 위한 2023년 새로운 정부지원대출 14가지!
https://www.youtube.com/watch?v=IoLAosZjTSE 오늘은 다양한 종류의 정부지원 대출 제도 14가지를 소개해 드립니다. 직장인 10가지, 무직자 4가지, 이렇게 구분해서 도움이 될 만한 내용들을 개요만 간단히 설명드리고, 고정댓글에 있는 링크 통해서 본인에게 해당하는 대출 제도 더 자세히 확인해 보세요~ #정부지원대출 #저금리대출 MoneyMaker FX EA Trading...
ForexLive European FX news wrap: Dollar eases on yuan rebound, yields stay elevated
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities marginally lower; S&P 500 futures up 0.2%US 10-year yields up 3.8 bps to 4.295%Gold up 0.4% to $1,898.15WTI crude up 1.0% to $80.20Bitcoin down 1.5% to $28,511The session started with a more...
Aussie bounces back alongside the offshore yuan, time to fade?
AUD/USD daily chartThe pair is now up 0.1% to 0.6430 and well off the earlier lows of 0.6365 today. It comes alongside a bounce in the Chinese yuan, after this particular headline here. The offshore yuan has strengthened from 7.34 to 7.30 against the dollar and that...
BRICS Summit’s Bold Gambit: The Drive Towards a New Currency Takes Centre Stage
The BRICS summit serves as a gathering of strategic minds hailing from Brazil, Russia, India, China, and South Africa — a formidable union constituting nearly a quarter of global GDP and embracing 40% of the world’s populace. This annual convergence navigates a...
GBPUSD Technical Analysis – Signs of an imminent pullback
The US economic data keeps on showing a resilient economy and as a consequence the higher for longer stance becomes more and more certain which is making Treasury yields to rally. This has been supporting the USD as we’ve been seeing a divergence in the data with the...
BTCUSD: Bears Lead the Decline
The cryptocurrency market value fell a further to $1137 trillion. The market dropped in the morning to 1,113, its lowest point in over two months. The leading altcoins all fell, with losses ranging from 0.8% for Cardano to 7% for Bitcoin Cash. Bitcoin fell 9.66% the...
China reportedly told state banks to escalate yuan intervention this week
Well, it's not like it had helped that much but the yuan did bounce back towards the closing stages of onshore trading today. That is helping with the mood in the aussie and kiwi a little with the former paring losses on the day against the dollar now.Unless something...