USDCHF below the 200 hour MA. Can it stay below now?The USDCHF moved higher in the Asian and European session, and the process moved closer to the 100 day moving average at 0.91243. The high price reached 0.91191, 5 pips short of that key upside target (and bias...
Saudi Arabia raises all July crude prices for Asia
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,...
초등학생이 해도 시급이 28,200?? 퇴근 후 시급 올리는 법! 돈버는 법 알려드립니다.
https://www.youtube.com/watch?v=hscDEzEAINY 초등학생이 해도 될만큼 매우 쉬운 부업입니다. 로고만드는 건 컴퓨터가 해주니 전문지식 없이도 가능합니다. 시청해주셔서 감사합니다. #부업 #투잡 #돈버는법 #시급 MoneyMaker FX EA Trading...
US dollar falls after weaker ISM data
Yields has reversed into negative territory after the weaker than expected ISM nonmanufacturing PMI data. Prices paid was at the lowest level since May 2020. Employment turned into contractionary territory. New orders were lower as well. Not a good report.Looking at...
More from Lagarde: It is very likely we will stop all reinvestment in APP
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,...
ECB’s Nagel: Several more rate hikes are still necessary
> Central Banks > ECB's Nagel: Several more rate hikes are still necessary Central Banks Comments from the German ECB member <!--> --> Adam Button Monday, 05/06/2023 | 14:01 GMT-0 05/06/2023 | 14:01 GMT-0 <!--> --> Joachim NagelNot certain...
US May employment trends 116.15 vs 116.18 prior
> US May employment trends 116.15 vs 116.18 prior Employment trends data from The Conference Board <!--> Adam Button Monday, 05/06/2023 | 14:00 GMT-0 05/06/2023 | 14:00 GMT-0 --> <!--> Prior was 116.18 ADVERTISEMENT - CONTINUE READING BELOW -->...
US April factory orders 0.4% versus 0.8% expected
Prior +0.4% (was revised from 0.9% in the preliminary). Revised to +0.6%Factory orders April 0.4% vs 0.8% expectedFactory orders Ex transportation -0.2% versus -0.7% last month.Durable goods orders (revised) 1.1% versus 1.1% preliminary. Last month +3.3%Durable goods...
US ISM May services index 50.3 vs 52.2 expected
ISM services data for May 2023 <!--> Adam Button Monday, 05/06/2023 | 14:00 GMT-0 05/06/2023 | 14:00 GMT-0 --> <!--> Prior was 51.9employment index 49.2 versus 50.8 priornew orders index 52.9 versus 56.1 expectedprices paid index 56.2 versus 59.6 prior...
S&P Global final May US services PMI 54.9 vs 55.1 prelim
Fourth consecutive increaseBest services reading in 13 monthsPrelim was 55.1Prior was 53.6Composite PMI 54.3 vs 54.5 prelimPrior composite 53.4Both input and output price inflation softenedThis is a slight downgrade and adds a small negative bias to the ISM services...
The major US stock indices are trading marginally higher to start the new trading week
The major US stock indices are trading marginally higher to start the trading week. A snapshot of the market 7 minutes into the open and showing:Dow industrial average up 6.64 points or 0.02% at 33769.41. On Friday the index had its 2nd best trading day of the...
GBPUSD sellers take more and more control in trading today
The GBPUSD has moved lower in trading today. The early catalyst was getting below its 100 hour moving average (blue line in the chart below). The price then moved down and below a swing area between 1.2386 and 1.2397. The 200 hour moving average is also near that area...
US equities are looking lifeless to start the week
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,...
ECB’s Lagarde: No clear evidence that underlying inflation has peaked
Price pressures remain strongUnderlying inflationary pressures remain highWages pressures have strengthened furtherDecisions will continue to be based on incoming dataOur rate hikes are being transmitted forcefully to financing conditionsFull effects of our monetary...
EURUSD falls helped by weaker ISM services data today
The EURUSD is moving to a new session low in early US trading. The pair is being helped by weaker ISM services data today (and perhaps better jobs on Friday in the US - although it was mixed). Technicals are bearish below a swing area between 1.0690 and 1.0704. Stay...
Saudis are fed up with OPEC members not meeting oil output goals – report
The Saudis are fed up with OPEC members not meeting output goals, according to a Bloomberg report. The Saudi Energy Minister reportedly told Al Arabiya also seeking more transparency from Russia.Those comments might be seen as a warning that if quotas and pledges...
ISM services survey highlights Monday’s US economic calendar
The new week kicked off with a bang as OPEC+ delivered cuts through 2024 and Saudi Arabia pledged to lower production by 1m bpd in July, and maybe longer. WTI crude touched $75 only to fade back to nearly unchanged. It's up $1.82 to $73.55 now and it will be an...
The USD is the strongest and the GBP is the weakest as a North American session begins
The strongest to the weakest of the major currenciesThe USD is the strongest and the GBP is the weakest as the new trading week begins. The move to the upside comes after stronger US job gains on Friday, but with a higher unemployment rate as well. Over the weekend...
ForexLive European FX news wrap: Dollar firms slightly, oil holds early gains
Headlines:Markets:USD leads, GBP lags on the dayEuropean equities mixed; S&P 500 futures flatUS 10-year yields up 6.1 bps to 3.754%Gold down 0.3% to $1,941.37WTI crude up 2.4% to $73.44Bitcoin down 1.4% to $26,793It was a decently slow session for the most part,...
There are signs of de-dollarisation unfolding – JP Morgan
The firm argues that while overall dollar usage is still holding within historical estimates, the usage was more "bifurcated under the hood". While the dollar's share of traded currency volumes is just a little off record highs, at 88%, there are other evident signs...