All eyes are on Nvidia earnings after the bell today but a better reading on the underlying economy probably came from home improvement company Lowe's today. Shares are up 2.5% on modest beats on revenues and earnings but that comes after an 18% decline since the...
Canada January advanced wholesale trade +1.8%
Canada is out with some statistics today including January wholesale trade. That metric rose 1.8% based on a 59.1% survey response that will be updated with the full slate.Another report highlights that aircraft movements in the country are only back to 92% of the...
Full text of the US-Ukraine investment deal released. Includes infrastructure and ports
The full-text of the US-Ukraine deal is out and Zelensky is expected to travel to the US on Friday to sign it.It was billed as a resource agreement and that's definitely the case but it's not the full story as this portion highlights: The Fund’s investment process...
ForexLive European FX news wrap: Firmer dollar; stocks up awaiting Nvidia earnings
Headlines:Markets:USD leads, NZD lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields up 0.8 bps to 4.305%Gold down 0.1% to $2,913.03WTI crude down 0.1% to $68.86Bitcoin down 0.4% to $88,345There wasn't any major headlines in European...
US MBA mortgage applications w.e. 21 February -1.2% vs -6.6% 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,...
AUDUSD Technical Analysis – The AUD comes under pressure amid the risk-off mood
Fundamental OverviewThe USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich...
US futures look for a bounce with eyes on Nvidia earnings
It's been a down week for Wall Street so far but we're seeing risk appetite pick back up a bit in the new day. US futures are higher, led by tech shares but it might not be suggestive of much on the week. All eyes are on Nvidia's earnings after the close today, as...
ES Futures Today with the aid of tradeCompass
Scalping Short Idea for ES Futures Ahead of Nvidia EarningsAs market participants anticipate Nvidia's earnings report, we see a grinding upward movement in ES (S&P 500 e-mini futures), currently trading at 6,000.5 at the time of this analysis. Given that major...
GBPUSD Technical Analysis – Choppy price action amid risk-off flows
Fundamental OverviewThe USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich...
orderFlow Intel Update for AMD Investors
orderFlow Intel Update for AMD Investors: Buy-the-Dip Considerations & NVIDIA’s Earnings ImpactAMD Stock Snapshot Analysis in Pre-Market on 26 Feb 2025 AMD stock has shown early bullish signs based on our latest OrderFlow Intel analysis, with a prediction score of...
Russia says more talks are being lined up with the US
The Kremlin said that "contacts are being prepared at the expert level through the ministries of foreign affairs". Adding that a Trump-Putin meeting is still on the cards but only after thorough preparations have been made. No further details were given as to where or...
Russell 2000 Technical Analysis – Bad data weighs on the market
Fundamental OverviewThe Russell 2000 has been selling off pretty aggressively since Friday following a series of bad US data releases. In fact, we got weak US Flash Services PMI, UMich final Consumer Sentiment and yesterday a weak US Consumer Confidence report. The...
EURUSD Technical Analysis – The risk-off mood caps the gains in the pair
Fundamental OverviewThe USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich...
NVDA quarterly earnings today – 1 way to play it.
As Nvidia (NVDA) prepares to release earnings, traders and investors are not just watching for headline EPS and revenue beats—those are largely expected. The key to Nvidia’s post-earnings stock reaction will likely be underlying business metrics and forward-looking...
EUR/USD brushes against another test of 1.0500 again
EUR/USD daily chartEUR/USD continues to knock on the door of the 1.0500 level this week. A weaker dollar after the softer US consumer confidence data yesterday helped to underpin the pair but I wouldn't say buyers have done enough just yet. The close yesterday was at...
Gold Technical Analysis – The US stock market selloff weighs on gold
Fundamental OverviewGold dropped yesterday following the weak US consumer confidence report. The main culprit for the weakness in gold was the selloff in the US stock market as it tightens financial conditions when it’s aggressive. The problem here is that we got...
European indices in a better spot to kick start the day
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,...
France February consumer confidence 93 vs 93 expected
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,...
Germany March GfK consumer confidence -24.7 vs -21.4 expected
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,...
The technical lines in the sand have shifted in gold
Gold has been in hot form since the start of the year and racked up eight straight weeks of gains up until now. This is the first week where that win streak is now under threat, with gold now down 0.7% on the week. That owes to the drop yesterday and while gold is...