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,...
Downbeat comments from the IMF on China: reforms needed, ‘trouble’, ‘failure’
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 Treas Sec Yellen warns that Tump’s proposed massive tariffs would surge inflation
US Treasury Secretary Janet Yellen gave a speech on Thursday, warning about the impact of massive tariff hikes on inflation. Candidate for President Trump is proposing a blanket 10% tariff on all imported goods, along with tariffs of 60% or higher on imports from...
Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimates
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,...
Major US stock indices close mixed. S&P and NASDAQ give up gains.
The broader S&P and NASDAQ index snatched defeat from the jaws of victory. The S&P index is closing marginally lower. The NASDAQ index is closing marginally higher after earlier gains are erased.A snapshot of the closing levels shows:Dow industrial average...
Packed Economic calendar in Asia – Friday, October 18, 2024 – Japan CPI, China data also
USD/JPY rising above 150 ahead of the inflation data - what could possibly go wrong?Regardless of what the data says the Bank of Japan seems hell bent on jacking up rates. The market consensus is for a rate hike in December. Also on the agenda for the session ahead,...
Trade ideas thread – Friday, 18 October, insightful charts, technical analysis, ideas
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,...
S&P turns negative as the clock ticks toward close. Netflix earnings after the close.
The S&P index has erased it gains and trading into negative territory as the clock ticks toward the close. The NASDAQ index is holding onto a small gain of around 0.10%. The Dow industrial average is up 0.42% and the Russell 2000 is down -0.27%.At session highs,...
Betting markets now say the Republicans are favored, what do financial markets say
The big shift in betting odds in Polymarket has people intrigued about what is happening under the surface that has some people more-confident that Trump will win the Presidency. He's at 61% now and that's spawned all kinds of conspiracy theories as the polls haven't...
The EURUSD on the hourly chart gives a clearer view of the risk/bias changing levels
The EURUSD has been trending to the downside recently, and in the process has extended toward August low levels. My most recent technical videos on the pair, have been focused on the 4-hour chart as the market trended lower. If you watch the kickstart video from...
What is the bond market trying to tell us
US 10sIt's tough to gauge exactly what the bond market is saying but US 10-year yields have risen 9 bps today and are trading at 4.10% from a low of 3.60% a month ago.A portion of that -- for sure -- is pricing out a recession. A month ago, non-farm payrolls were...
ECB sticks to data-driven approach – Westpac
The ECB delivered the widely anticipated 25bp rate cut today, with President Lagarde sticking to her guns on a meeting-by-meeting approach. Despite the ECB's "no preset path" mantra, markets are already betting on another cut in December and a 22% chance they lower...
USDJPY extends to new highs. Buyers make a play and look toward key daily MA targets
The USDJPY is extending above the high from earlier this week at 149.974 for the 2nd time today, but is finding more upside momentum on this break.. The price just reached 150.29. The price of the USDJPY has traders now focused on other targets above including the 50%...
NZDUSD buyers try to make a play. What needs to happen to give them an edge in the ST.
The NZDUSD has been consolidating over the last week or so of trading with the 61.8% of the move up from the August low. That level comes in at 0.60509. Last week, the price held that level, bounced, and then broke below the level but quickly rebounded. This week the...
ECB sources: Policymakers expect to cut in December unless data shows marked turnaround
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,...
Atlanta Fed Q3 GDPNow 3.4% vs 3.2% 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,...
European equity close: Stocks cheer the ECB rate cut
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,...
Canada’s Trudeau to shuffle cabinet as he fends off party revolt
AI imageTrudeau and the ruling Liberal Party are polling terribly in Canada so the knives are out.Yesterday, the Globe and Mail reported that a backbench revolt is brewing and that he could face a demand from 20 MPs to give up party leadership.Now, four cabinet...
USDCAD bounces off retracement support. Can the buying continue toward the highs now?
The USDCAD moved up for 9 consecutive days and was on its way to 10 straight on Tuesday before hitting a resistance target area near 1.3833 to 1.3847 and finding sellers/profit takers. The move back to the downside saw the price move down for 2 days and back to a low...
Some major Chinese banks are to lower deposit rates from Friday – report
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,...