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,...
Chatter of a likely intervention in BRL is gathering pace
A super-strong USD is not new news, but the Brazilian Real has been on the receiving end more than most:Fiscal issues and also tensions between the President and the central bank governor have been amongst the factors weighing on the BRL. Short-term rates surging...
NASDAQ and S&P indices close at record levels
The major US stock indices are closing higher on the day with both the S&P and NASDAQ index closing a record levels. The Dow Industrial Average would also move higher and closer to it all time record high close at 40003.02. The final numbers are showing: Dow...
Economic calendar in Asia 03 July 2024 – China services PMI (Caixin)
Over the weekend we had the official National Bureau of Statistics (NBS) China PMIs for Junefollowed on Monday by the Caixin / S&P Global Manufacturing PMI:Today we get the Caixin / S&P Global Services PMI, which is expected to have declined a little from May...
Trade ideas thread – Wednesday, 3 July, 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,...
Crude oil futures settle at $82.81
The price of WTI crude oil futures are settling at $82.81. That is down $0.57 or -0.68%.The price moved lower after trading to a two-month high to $84.38 earlier in the day. That was just $0.08 from the April 26 high target at $84.46 (see chart above).On the downside,...
The NY judge has postponed the sentencing of Donald Trump to September 18
The NY Judge has postponed the sentencing of Donald Trump after his felony conviction on paying hush money until September 18. The ruling comes after the Supreme Court ruled that former Pres. Trump does retain immunity from his time as President. The question is, does...
AUDUSD buyers remain in control with the price above 100/200 bar MA on the 4-hour chart
The AUDUSD buyers remain in control with the price above the 100/200 bar MA on the 4-hour chart. Both those MAs come in at 0.6644. The price is currently near 0.6662. Going into the close - and into the new trading day - those MA will be the key barometer for the...
Biden to give interview to ABC News with first clip to air on Friday
Pres. Biden is to give an interview with ABC News with the first clip airing on Friday. The question is will it be live? Will it be unedited? Will the questions be telegraphed before the interview?The American people and the world want to see live, in the moment....
Biden’s odds plummet as Demoratic lawmaker calls for Presidential race withdrawal
Lloyd Doggett is first Democrat to publicly call for Biden to step down as party’s nominee."I represent the heart of a congressional district once represented by Lyndon Johnson. Under very different circumstances, he made the painful decision to withdraw. President...
S&P index trades above record high closing level.
The S&P index extended to a new session high at 5489.60, and in the process extended above the highest closing level at 5487.02 from June 18. The high intraday level was at 5523.64 reached on June 28.Meanwhile, the NASDAQ index as now up close to 100 points at...
Tesla shares digging itself out of the hole, but still down on the year
Tesla reported better deliveries today but are still down on the year:Deliveries 444K vs 387K in Q1Deliveries down 5% y/yThe numbers today have Tesla shares trading up $18.41 or 8.78% at $228.27. That comes after a gain of 6.08% yesterday. Since the most recent low on...
Goldman: We continue to see a FOMC cut in September. Lazard sees 3 rate cuts in 2024
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 stocks moving back to the upside
US broader indices are moving higher with the NASDAQ index leading the way with a gain of 0.31% at 17934.70. The high price reached earlier today extended up to 17950.82. Recall yesterday the NASDAQ index closed at a record level. At session lows, the NASDAQ index was...
ECBs Makhlouf: I am comfortable with expectations of another interest 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,...
USDCHF extends the gains today but has swing area resistance to get through
The USDCHF has pushed higher extending modestly the gains seen from yesterday's trading. That move took the price further into the swing area that was tested yesterday between 0.90449 and 0.90565. If the buyers are to take more control going forward, they need to get...
European equity close: Late day recovery but still lower
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,...
Fed’ Goolsbee: I see some warning signs the real economy is weakening
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 dollar climbs on JOLTS but gives most of it back
USD/JPY 10 minsThe US dollar initially rose on the release of the JOLTS data but has since given most of it back. Job openings were at 8.14 million compared to 7.91m expected in May.There were two caveats though:1) The prior was revised lower. April job openings were...
New Zealand GDT price index -6.9%
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,...