The price of WTI crude futures settled at $85.97. Down -$0.41 or -0.47%.The decline comes after yesterday's 4.34% surge on the back of the Mideast tension. That move to the upside took the price back above the August 10 high of $84.85. In trading today, the low price...
Biden: American citizens are among those being held by Hamas
US has enhanced military force posture in the region, ready to do moreOur message to anyone looking to take advantage of the situation: Don'tWe will make sure that Israel has what it needs to defend itselfWe uphold the laws of warWill ask Congress to take urgent...
Thursday’s CPI report is the highlight of the US economic calendar this week
US core CPI year-on-year (%)The economic calendar this week builds up to Thursday's US CPI report.TD Bank forecasts a continued "soft" core-price inflation for September, mirroring the previous month's 0.3% m/m increase. Notable changes are expected in goods inflation...
Timiraos: Higher long-end yields likely to extend Fed pause
WSJ Fed whisperer Nick Timiraos is out with his latest.a run-up in long-term interest rates might substitute for a further central bank rate hikeif the run-up in the 10-year Treasury yields to their highest levels since 2007 persists, those increases could substitute...
Fed’s Waller: Will ‘stay on the job’ to achieve 2% inflation objective
Fed's WallerFed is determined to bring inflation down to 2%Full speechThere is nothing particularly notable in the initial comments, which didn't directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it...
The US treasury sells $46 billion of 3-year notes at a high yield of 4.74%
High Yield: 4.740%Previous: 4.660%Six-Auction Average: 4.217%WI at the time of the auction: 4.723%Tail: 1.7 basis pointsPrevious: 1.0 bpsSix-Auction Average: -0.6bpsBid-to-Cover: 2.56XPrevious: 2.75xSix-Auction Average: 2.79xDealers: 22.09%Previous: 20.2%Six-Auction...
Atlanta Fed GDPNow estimate for Q3 growth rises to 5.1% from 4.9% previously
The Atlanta Fed GDPNow model for Q3 growth rises to 5.1% from 4.9% previously.In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.1 percent on October 10, up from 4.9 percent on October...
US treasury to auction off $46 billion over 3 year notes at the top of the hour
The U.S. Treasury will auction off $46 billion of the 3 are not at the top of the hour. The key components of the previous and the 6 month averages of those components are found below. Traders will use the six-month averages to gauge demand from domestic/international...
GBPUSD looks toward 50% retracement target. Key target to get to and through now.
The GBPUSD is trading to a new high going back to September 22, and in the process is stretching toward its 50% midpoint of the move down from the September 11 high. That level comes in at 1.22919. Getting above that level increases the bullish bias from a technical...
Xsolla Headless Checkout Unlocks Advanced Customization For Game Developers
Xsolla, a global video game commerce company, announces Headless Checkout, an advanced payment customization feature to help game developers create a fully branded and revenue-optimized purchasing experience for their players, all while ensuring a compliant and secure...
EURUSD making a break for it. Find out by watching this video.
In this video, I take a look at the EURUSD as buyers make a play above key resistance on both the hourly and the daily charts. Find out what levels have been broken and why they are so important by watching this short video. EURUSD buyers are making a playMoneyMaker...
AUDUSD trades up and down today, but holds support area on dip
The AUDUSD has been trading up and down in trading today, and in the process stalled the falls near the 50% midpoint of the move down from the end of September high, and a swing area between 0.6379 to 0.6387. What next? In this video, find out the technicals driving...
European equity close: Booming day, huge gains
It has been a struggle lately for European equity markets but this is a major change in fortunes as the market jumps on the idea of a peak in rates.Closing changes:Stoxx 600 +2.0%German DAX +1.9%UK FTSE 100 +1.9%French CAC +2.0%Italy MIB +2.4%Spain IBEX +2.3%This...
US equities continue to sizzle
The S&P 500 has extended its gain to 1.0% on the day on a renewed bid in Treasuries. US 10-year yields are now down 13.7 bps on the day to 4.46%, not far from the lows of the day.The market is increasingly leaning towards peak Fed fund and the rising possibility...
The broader indices are moving higher with the NASDAQ index testing key MA resistance
The major US stock indices are moving higher with the NASDAQ index approaching 1%, and the S&P index up nearly 0.75%. At session highs, the NASDAQ index is testing its 100 and 50-day moving averages. Those levels come in at 13592 and 13623 respectively. It will...
NY Fed year-ahead inflation 3.7% vs 3.6% previously
Three year inflation 3.0% vs 2.8% priorFive-year inflation 2.8% vs 3.0%Median home price rise 3.0% vs 3.1% priorCredit access perceptions weakened in SeptI strongly suspect that gasoline price rises were the catalyst for the rise in short-term inflation expectations....
Gold Price Update: Safe Haven Metal Pauses with Further Upside in Reach
Gold (XAU/USD) AnalysisGold’s recent lift stalls as markets determine next stepsGold volatility rises on conflict – largest move since the regional banking turmoil$1875 is the next significant level of resistance on the weekly and daily chartsThe analysis in this...
USDCAD finds support buyers near the moving average support. What next for the pair?
You raise yourThe USDCAD continued its run to the downside in in the Asian session today, and in the process fell below the 50% midpoint of the move up from the September low to the October high at 1.35813. However, after reaching a low near 1.3570, the price bounced...
Treasuries catch a fresh bid, weakening the dollar
Aside from all the geopolitical risk, yesterday's trading was fraught because the bond market was closed for a minor US holiday. That created an odd liquidity profile and uncertain market signals. When fixed income trading reopened in Asia, yields plunged but had been...
US August wholesale sales +1.8% vs +0.5% 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,...