The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the GBPUSD). That helps to...
US treasury sells $16 million of 20 year bond the high yield of 4.680%
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The US treasury is to sell $16 billion of 20 year bonds at the top of the hour
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,...
More from Bowman:It’s concerning we’re recalibrating policy w/out reaching inflation goal
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Fed’s Bowman: Fed may be closer to neutral policy then policymakers currently think
Fed's BowmanFed's Michelle Bowman is speaking and says:U.S. Central Bank should pursue a cautious approach on monetary policy.Fed may be closer to neutral policy than policymakers currently think; inflation remains a concern.Her estimate of neutral policy rate is much...
More from BOE’s Ransden: October CPI data only marginally above BOE’s forecast
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More from Cook:Productivity is such a long run stable trend that exceeding it is very hard
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BOE Ramsden: Recent trends toward loan relatively stable inflation should continue
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Fed’s Cook: If inflation progress slows w/ jobs still solid, could see pause
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EURUSD retraces gains from yesterday moves back to swing area support at 1.05158
The EURUSD moved to a new high for the week in the early trading hours from the Asian Pacific market, but found willing sellers against topside resistance near 1.06097. That was the high of a swing area between 1.06005 and 1.06097. The price also stayed below its...
Weekly crude oil inventory data shows build of 0.545M vs 0.138M estimate
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NASDAQ index remains under pressure.
The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up around 50 points. The current price is down -246 points or -1.29% at 18743.80. The low price reached 18724.39.Looking at the hourly chart, the price is...
Weekly oil inventory data from the EIA is due soon. The private survey showed a huge build
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,...
First Digital’s FDUSD Stablecoin is Officially Live on Sui
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar...
Fed vice chair Michael Barr to testify Capitol Hill
Fed vice chair Michael Barr is to testify Capitol Hill shortly. He is in charge of supervision on the Federal Reserve Board and as such is testimony is likely to be not on monetary policy or the economy per se more on regulation and supervision.Meanwhile stocks are...
Bitcoin trades to another new record high at $94,852
Bitcoin moved to a another new record high at $94,852. The move to the upside extended above the high price from yesterday at $94,057. That high extended above the high price going back to November 13 at $93,483. Those levels are now close support (yellow area on the...
Tech sector shifts: Investor focus on software innovation and defensive plays
Stock heatmap by FinViz.com Wed, 20 Nov 2024 14:46:07 GMTSector OverviewToday's US stock market reflected a mixed performance across different sectors. The technology sector is showing nuanced trends, with Microsoft (MSFT) dipping slightly by 0.50%, suggesting a...
Broader indices trading lower to start the new trading day
The broader US stock indices are trading lower to start the new trading day: S&P index -9.50 points or -0.16% at 5907NASDAQ index -45 points or -0.26% at 18937.50Dow industrial average up two points or 0.01% at 48274 Russell 2000 -5.87 points or -0.25% at...
US stocks are looking to open little changed ahead of Nvidia earnings after the close
The major US stock indices are little changed in premarket trading. Earlier higher gains have been eroded ahead of the opening bell in around 14 minutes.Dow industrial average up 53 pointsS&P index up 0.77 pointsNASDAQ index +6.5 pointsComcast is to spin off its...
US Commerce award $1.5B to GlobalFoundries as part of the Chips Act
The US Chips Act was a bipartisan supported legislation designed to incentivize the building of chip manufacturing in the US. TSMC and Intel have been some of the key beneficiaries and as such each are building new facilities for manufacturing. The awarding of $1.5...