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,...
Major US indices are trading higher. NASDAQ leading the way.
The major US indices are moving higher in early trading with the NASDAQ leading the way. Yesterday, prices close modestly higher. Stanley Druckenmiller in a interview on Bloomberg said that Nvidia is a company to own for the next 2 or 3 years as the AI becomes...
The market tilts toward the Bank of Canada holding rates as the minutes tick down
The Bank of Canada decision is a close call but the market isn't seeing it quite as a coin flip. Yesterday's pricing was right at 50/50 on whether they hike by 25 basis points or not but today there's more of a tilt towards waiting.Current pricing is at 60% for no...
USDJPY tries to extend higher but has trouble
The USDJPY has tried to move to the upside but needs to get above its 200-hour moving average at 139.739. The 100-hour moving average of 139.476 has been broken, but that move is failing with the price moving back toward the low from today and the loafer yesterday at...
US stocks set to open modestly to the upside with the August high in focus
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,...
GBPUSD buyers try to make a play. Can they keep the momentum going?
The GBPUSD buyers are trying to make a play to the upside. But the question is can they keep the momentum going? The move so far has taken the price above a swing area between 1.2435 and 1.24497 and the 100-hour moving at 1.24542. Staying above those levels would keep...
A pair of more-obscure economic indicators show some strain
The signal from the Federal Reserve that they plan to skip hiking at the June meeting came as a surprise to markets, perhaps because traders were focused on data from statistics agencies.The Fed pulls from a wide range of data and speaks to many contacts. They may be...
EURUSD continues non-trending trading today
The EURUSD is continuing its non-trending trading today. The pair has been confined to a range from 1.0666 to 1.0732 for the week. Buyers are trying to hold support against a top of a swing area at 1.0704, but need to get and stay above 200 and 100 hour moving...
US April international trade balance -$74.6 billion versus -$75.2 billion estimate
US trade deficit for AprilPrior $-64.2 billion revised 2 $-64.2 billionTrade deficit was $74.6 billion, higher than March's deficit of $60.6 billion revised from -$64.2 previously reported), but better than the -$75.2 billion estimateGoods deficit was $96.11 billion,...
Canada Q1 labour productivity -0.6% vs -0.5% prior
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,...
April Canadian trade balance +1.94B vs +0.90B expected
Prior was +0.97B (revised to +0.23B)Exports 64.85B vs 63.56B priorImports 62.91B vs 62.59B priorExports +2.5%Imports -0.2%Canadian trade surplus with the US $9.5B vs $7.2B priorFull reportThis is a solid reading for Canadian trade with exports of metals and minerals...
Trade is on the early agenda today with the Bank of Canada later
US and Canadian trade balance numbers are due at the bottom of the hour in the ongoing parade of trade data. Earlier, China reported a shock 7.5% y/y drop in exports, while imports were better than anticipated.The highlight of the day comes at 10 am ET with the market...
The AUD is the strongest and the USD is the weakest as a North American session begins
The strongest to weakest of the major currenciesThe AUD is the strongest and the USD is the weakest at the North American session begins. The major currencies are relatively scrunched together and price action has been up and down (or down and up) for many pairs. The...
Ethereum Technical Analysis
Ethereum faced downward pressure due to the recent shift towards a more hawkish stance in the markets, with expectations of additional rate hikes by the Federal Reserve. This impact is attributed to Ethereum's classification as a risk asset, as its correlation with...
ECB’s Makhlouf: It would be a question of judgement on rate hikes beyond the summer
Once we've reached a peak on rates, they are likely to stay there for a whileNot going to say how long that will beSome people in markets are pricing in rate cuts by end of the year, I'd be interested in how they are coming to that conclusionThere is a hint of sarcasm...
ForexLive European FX news wrap: Dollar lightly lower as markets lack appetite
Headlines:Markets:AUD leads, USD lags on the dayEuropean equities mostly little changed; S&P 500 futures flatUS 10-year yields down 1.3 bps to 3.687%Gold flat at $1,961.98WTI crude up 1.0% to $72.45Bitcoin down 0.2% to $26,900It was a mostly sideways session as...
(99%가 모르는) 새로운 자동 부업! 딱 1번만 따라해도, 돈이 매일 들어옵니다 (지금 바로 해보세요! 집에서 0원으로 자동 부수입 만들기)
https://www.youtube.com/watch?v=5W29NFEOElQ 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 1번만 실행하면, 더이상 아무것도 안하고, 일을 안해도 매일 돈이 들어오는 자동 부업 방법을 소개하려고 합니다 휴대폰이나 컴퓨터, 노트북 등만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 원리만 알면 간단해서 영상을 보시고, 월급 외 부수입에 관심이 있으신 분은 지금이라도 당장, 가벼운 부업에 도전하셔서...
AUD/USD climbs to three-week highs as buyers seek to extend upside momentum
AUD/USD daily chartThe dollar is losing a little bit of ground now in European trading and the aussie is taking full advantage of that, as it seeks to post a fifth consecutive day of gains today. AUD/USD is now trading above 0.6700 for the first time in three weeks...
US MBA mortgage applications w.e. 2 June -1.4% vs -3.7% prior
Prior -3.7%Market index 194.7 vs 197.4 priorPurchase index 151.7 vs 154.4 priorRefinance index 409.7 vs 412.5 prior30-year mortgage rate 6.81% vs 6.91% priorDespite a drop in the average rate of the most popular US home loan, both purchases and refinancing activity...
Bitcoin Technical Analysis
The recent hawkish repricing in the markets for more Fed hikes weighed on Bitcoin as it has become a risk asset since wider adoption made it to correlate with more traditional markets and fundamentals. Recently, those hawkish expectations started to ebb given more...