Closing changes:Stoxx 600 +0.3%German DAX +0.6%UK FTSE 100 +0.7%French CAC +0.9%Italy MIB flatSpain IBEX flatWeekly:Stoxx 600 +1.7%German DAX +1.0%UK FTSE 100 +3.4%French CAC +1.9%Italy MIB +2.3%Spain IBEX 1.9%It's tough to get excited about grocery stores and banks...
Following the Fed is a good clue on when to buy bonds
The market is 50/50 on whether the Federal Reserve is done with rate hikes this year but we're very likely close to the peak. With that, eyes are on bonds and what might be a rare opportunity to get 4.5% in 10-year notes.Is it time to buy? Today, Deutsche Bank notes...
RBC: Navigating the CHF landscape amid SNB’s upcoming neeting and USD/CHF dynamics
RBC Capital Markets provides a comprehensive look into the Swiss franc (CHF) as the Swiss National Bank (SNB) gears up for its third quarterly meeting of the year. The financial giant discusses its favourite CHF trade and offers an analysis of positioning in CHF...
US stocks move to new session lows as European traders look to exit
The major US stock indices are trading at session lows as European traders start to look for the exits for the week. The NASDAQ index is now down around 1.3%. The S&P index is down -0.89%.All the major indices are back below its 50 day moving averages after...
USDCHF higher this week and above a swing area. What next?
This week, the USDCHF has experienced an upward price movement, consistently remaining above the key swing area range of 0.89347 to 0.89472. The price surpassed this range in yesterday's trading session and has maintained its position above this threshold today....
Weekly Market Recap (11-15 September)
Monday:BoJ Governor Ueda interviewed by Japanese media Yomiuri over the weekend said that his focus is on a “quiet exit” to avoid significant impact on the market:We could have enough data by year-end to determine whether we can end negative rates.Once we're convinced...
US dollar moves lower after University of Michigan data
The US dollar has moved lower after the University of Michigan data came in weaker than expectations. The one year inflation expectation came in at 3.1% versus 3.5%. The 5 year inflation expectations was at 2.7% versus 3.0%. The sentiment indices were also lower than...
US Sept prelim UMich consumer sentiment 67.7 vs 69.1 expected
Prior was 69.5Current conditions 69.8 vs 75.3 expected (75.7 prior)Expectations 66.3 vs 66.0 expected (65.5 prior)1-year inflation 3.1% vs 3.5% prior5-10 year 2.7% vs 3.0% priorThis survey is tied to gasoline prices so I'm not surprised the headline missed. I'm not...
US stocks open lower. Indices still higher on the week.
The major US stock indices are moving to the downside in early US trading. The declines are taking away from the gains this week, but major indices still are positive.A snapshot of the market currently shows:Dow Industrial Average -38.07 points or -0.11% at...
US stocks decline at the open as we head into a super-soft seasonal period
The mood in markets has flipped in the past hour and the S&P 500 is down 19 point at the open. It was trading higher up until 8:30 am ET.It's quad witching today which means it's the expiring of monthly:stock index futures, stock index options, stock options and...
The USDCAD rebounds higher to test a key barometer at the 100 hour moving average
The USDCAD has spiked higher over the last few hours after testing the low from yesterday and a swing area down to 1.3494. The inability to extend with momentum to the downside gave buyers the opportunity to stick a toe in the water near the floor area. The last few...
US August industrial production +0.4% vs +0.1% expected
Prior was +1.0% (revised to +0.7%)Manufacturing output +0.1% vs +0.1% prior Prior output +0.5% (revised to +0.4%)Capacity utilization 79.7% vs 79.3% prior (revised to 79.5%)The downward revision covers the beat so I wouldn't get too excited about this...
Kickstart the trading day with a technical look at the EURUSD, USDJPY and GBPUSD
In the morning forex video, I kickstart the trading day by taking at technical look at the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD is trading between resistance above up to 1.06669, and support near the swing low from the May 31 low at 1.0635. Getting through 1...
US August import prices +0.5% vs +0.3% m/m expected
Prior was +0.4% (revised to +0.1%)Export prices +1.3% vs +0.4% expectedPrior was +0.7% (revised to +0.5%)Year over year:Import prices -3.0% vs -8.8% priorExport prices -5.5% vs -13.1% priorThese are inflationary numbers but the passthrough to CPI isn't always...
US Empire Fed manufacturing index for September 1.90 versus -10.00 estimate
New York Fed Empire manufacturing indexPrior month -19.00 (was expecting -1.00)Details:New orders 5.1 versus -19.9 last monthShipments 12.4 versus -12.3 last monthPrices paid 25.8 versus 25.2 last monthPrices received 19.6 versus 12.6 last monthEmployment -2.7 versus...
Canada July manufacturing sales +1.6% vs +0.7% expected
Prior was -1.7% (revised to -2.0%)Inventories -0.7%Inventory to sales 1.74 vs 1.70 priorUnfilled orders -1.0%Capacity utilization 77.6% vs 80.8% prior Canadian manufacturing sales increased 1.6% to $71.9 billion in July, led primarily by higher sales of food products...
How PrimeXBT Copy Trading Can Complement Any Investment Strategy
Investing in financial markets can be immensely profitable but also carries significant risk. To be successful, investors must consistently find winning trades across constantly changing market conditions. This requires advanced skills and extensive experience. For...
Another busy day on the US economic calendar awaits
Happy Friday.China released better than expected economic data earlier today and that has helped to boost broader sentiment. The mood will be challenged again with a series of US economic indicators today and a lower-tier release from Canada.8:30 am ETEmpire...
Euro (EUR) Price Latest – EUR/USD Struggles Against a Robust US Dollar
EUR/USD Forecast - Prices, Charts, and AnalysisEUR/USD technical outlook remains bleak.FOMC – a hawkish hold next week? Recommended by Nick Cawley How to Trade EUR/USD Get My Guide The ECB hiked rates yesterday by 25 basis points across the board, the central bank’s...
ForexLive European FX news wrap: Dollar mixed, yields hold higher still
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.1%US 10-year yields up 3.2 bps to 4.322%Gold up 0.5% to $1,919.35WTI crude up 0.5% to $90.63Bitcoin down 0.3% to $26,502It was a slower session overall as markets settle...