MY.BLOGTOP10.COM

Major US indices are trading higher. The NASDAQ index which was implying a near unchanged open has found early buyers. Major indices are showing strong gains this week. A snapshot the market currently shows:Dow industrial average up 155.29 points or 0.45% at...

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,...

JPM Dimon is speaking after announcing strong earnings and says:The headwinds in the economy are substantial and somewhat unprecedentedthe company has been over earning on credit for some timeIts CFO added that M&A market is still continuing to face...

Import prices year on yearUS import prices for June -0.2% versus -0.1%. Prior month -0.4% versus -0.6% previously reportedUS export prices for June -0.9% versus -0.2%. Prior month -1.9%U.S. import prices have declined in 5 out of the first 6 months of 2023, following...

Canada manufacturing sales for June rises 1.2%Details of the report showManufacturing sales was driven primarily by increases in sales of chemical products (+4.8%), motor vehicles (+4.8%), and machinery (+4.2%). Primary metal manufacturing sales saw the biggest drop...

In his latest article, Nick TImiraos of the WSJ says July is locked in, and hawks are pushing for September.The July 26 hike would result in the highest interest rates seen in 22 years. Highlights:The focus of the meeting is likely to be what circumstances might...

Dollar technicals:Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 0.7 bps to 3.765%Gold down 0.1% to $1,958.60WTI crude flat at $76.89It was a quieter session in Europe today as markets are...

Well, just around two weeks after the Supreme Court shot down the student loan forgiveness prorgramme here, we are seeing a somewhat similar relief measure being announced by the Biden administration. It would automatically forgive $39 billion in student debt for...

However, this doesn't change the fact that the technical predicament for the dollar remains extremely poor at the moment. There are major technical pushes all across the board and it may be just a matter of time before the selling resumes. And that means AUD/USD is...

USD/CHF weekly chartThis builds on my post from Wednesday here and yesterday here. As highlighted at the time, USD/CHF was on the verge of a much steeper drop as it flirts with its lowest levels since January 2015. And alas, here we are.If you need a refresher, the...

The dollar crumbling across the board has a lot to do with the solid runs higher in both EUR/USD and GBP/USD. But the stronger hawkish bias towards the ECB and BOE are also helping both the euro and pound gather some solid momentum in the latest upturn against the...

The dollar demise this week is being met with a pause today as the greenback steadies itself a little. The ranges for the day are considerably mild after all the hot and heavy action in the past two days, as the dollar keeps little changed mostly across the...

Prior -€11.7 billionThe euro area trade deficit narrowed considerably in May, with the seasonally adjusted number also seen at -€0.9 billion. On the latter, it was helped by exports moving up by 2.9% on the month while imports declined by 0.1% on the month. The...