The threat of a shift in Bank of Japan policy next month isn't giving pause to the USD/JPY bulls as the pair pushes to a fresh seven-monthi high.I wrote yesterday about the BOJ's summary of opinions and the unease that's creeping into the central bank regarding yield...
USDCAD gets closer to falling 200 hour MA
USDCAD fell below the 50%, but failedThe USDCAD reached a new low going back to September today, and in the process fell below the 50% midpoint of the move up from October 2021 low to the October 2022 high. That midpoint level comes in at 1.31320. The low price...
USDJPY trades to a new 2023 high but not by a lot. Buyers still in control though.
The USDJPY moved to a new 2023 hi today taking out the high from Friday's trade at 143.866. However the break was only good for about 8 pips before rotating back to the downside. The most recent hourly bar has returned back to the highest, but is finding some sellers...
Dallas Fed Texas June service sector outlook survey -8.2 vs -17.3 prior
Prior was -17.3Revenue outlook +3.6 vs +6.9 priorWages +18.6 vs +16.6 priorSelling prices +12.8 vs +13.8 priorCompany outlook -1.4 vs -9.5 priorDetailsThe numbers are upbeat throughout the survey and push back on the idea of a recession coming any time soon./US dollar...
Bitcoin briefly hits $31,000 as Fidelity joins the spot ETF race
Fidelity is preparing to submit a a bitcoin ETF, according to The Block.BlackRock kicked off a fresh bitcoin ETF frenzy on June 15 with a filing that caught the market by surprise. Many are speculating that BlackRock received some kind of nudge in a process that's...
Richmond Fed manufacturing index for June -7 versus -15 last month
Richmond Fed manufacturing activityPrior month -15Manufacturing index -7 versus -15 last monthFifth District manufacturing activity was relatively flat in June, with the composite manufacturing index improving from -15 in May to -7 in June.Two of its three component...
US June consumer confidence 109.7 vs 104.0 expected
Details:Present situation index 155.3 vs 146.8 prior Expectations index 79.3 vs 71.5 prior1 year Inflation 6.0% vs 6.1% prior Jobs hard-to-get 12.4 vs 12.5 prior“Consumer confidence improved in June to its highest level since January 2022, reflecting improved current...
US May new home sales 763K vs 675K expected
Prior was 683K (revised to 680K)Single family sales +12.2% vs +3.5% priorMedian sale price $416.3K vs $450.7K a year agoSupply 6.7 months vs 7.6 months priorThe US housing market is looking plenty strong. The question now is whether builders will ramp up activity...
GBPUSD price action remains confined, with the 200 hour MA key on the topside
The GBPUSD buyers are trying to make a play, but continues to have trouble at the 200 hour MA. The last three days, has seen little moves above that MA, but no momentum. IN the early US session, the price is once again pushing against that MA (it tried earlier today),...
US stocks open higher.
The major US stock indices are moving higher in early US trading. The gains are somewhat modest after the NASDAQ index fell -1.2% yesterday.A snapshot of the market currently shows:Dow industrial average up 58 points or 0.17% at 33773S&P index up 11.75 points or...
EURUSD moves to new session high continuing the run to the upside
The EURUSD is extended to the upside despite the better-than-expected durable goods orders released earlier today. The move to the upside today has been helped by a run above the 100 and 200-hour moving averages. The pair has moved into a swing area between 1.09618...
S&P Case Schiller for April 0.9% versus 0.4% expected
Prior month 0.5% revised to 0.4%Case Shiller Home Price 0.9% versus 0.4% expectedcase Shiller not seasonally adjusted +1.7% versus 1.6% last month (revised from +1.5%).Case Shiller year on year -1.7% versus -2.6% expected. The prior month came in at -1.1%Among the 20...
US May advance durable goods orders (preliminary) 1.7% versus -1.0% expected
Durable goods orders for MayPrior month +1.1% revised to 1.2%Durable goods orders 1.7% versus expectations of -1.0%. Prior month +1.1% revised to 1.2%. This marks an increase for three consecutive months, following a 1.2 percent increase in April.Transportation...
Canada May CPI 3.4% y/y versus 3.4% expected
Lowest reading since June 2021Prior was 4.4%CPI m/m +0.4% vs +0.5% expectedPrior m/m reading was 0.7%Gasoline prices -18.3% vs -7.7% y/y in prior month Gasoline prices -0.8% m/m vs +6.3% prior monthEx gasoline +4.4% vs +4.9% priorFood +8.3% vs +9.1% y/y priorMortgage...
ECB’s Wunsch: We must accept that our ability to fix inflation at exactly 2% is limited
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,...
7월 1일부터 신청! 건강보험료 바로 깎아드려요!
https://www.youtube.com/watch?v=-bbr2VUOIXQ 오늘은 건강보험료를 바로 줄일 수 있는 방법 2가지를 알려드리겠습니다. 정확히 7월 1일 이후부터 신청하실 수 있고요. 신청을 하면 할인을 해주고, 신청을 안 하면 그냥 청구된 금액 그대로 내야 하니까… 해당되는 분들은 꼭 알아두시고, 억울하게 더 낸다거나, 안내면 큰일 날 것 같아서 무리해서 내는 일이 없으면 좋겠습니다. #건강보험료감면 #7월1일부터 #즉시할인 MoneyMaker...
The EUR is the strongest and the JPY is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe EUR is the strongest and the JPY is the weakest as the North American session begins.The USD is mixed to lower. Gains and losses are generally modest. The EURUSD is moving to the upside after a non-trend-like day...
ForexLive European FX news wrap: Euro gains in quiet trading
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields flat at 3.721%Gold down 0.1% to $1,921.59WTI crude down 1.8% to $68.15Bitcoin up 1.7% to $30,668It was a relatively quiet session as there wasn't any...
ECB turns a blind eye to recession risks for now
In case you missed the headlines from yesterday and today:Given the circumstances, it is not too surprising to see policymakers brush off the weaker economic performance towards the end of Q2. They have already signaled a rate hike for July, so there is no backing...
USDCAD Technical Analysis – Waiting for the CPI
Over the past week, many central bank speakers have shared their perspectives. The prevailing consensus remains unchanged: a wait-and-see approach is favoured to gauge the necessity of further tightening. While the majority of the FOMC expects two additional rate...