It was a quasi holiday in the US with the US bond market closed for the Columbus Day holiday. Canada was also off in celebration of the Thanksgiving Day holiday in their country. US stocks were open and the Dow and S&P closed at yet another record level for the...
Netanyahu told US that Israel will strike Iranian military, not nuclear or oil, targets
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,...
Chinese state media report on Goldman Sachs raising its forecast for China economic growth
I posted on the upgrade from GS yesterday, here:Xinhua is a Chinese Communist Party state media outlet in China, now reporting the news also. The Politburo will be grateful not everyone is down on the stimuli efforts. GS cited in Xinhua:"The latest round of China...
USD to strengthen regardless of who is (big spending) president next year, E/U around 1.08
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,...
S&P index closes at a new record for the 46th time in the year. Dow at a new record
Over the weekend the bull market turned two years old, and it started the new year with gains once again. The S&P index closed higher for the 46th time this year. The Dow industrial average also closed at a new record level.The NASDAQ index is still off of its...
Trade ideas thread – Tuesday, 15 October, insightful charts, technical analysis, ideas
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,...
Economic calendar in Asia – Fed’s Kashkari speaking
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,...
EURJPY finds sellers against ceiling again. Can sellers push and stay below 100 hour MA
The EURJPY has been forming a ceiling over the last few weeks of trading. That ceiling comes between 163.478 and 163.60. Today's high stalled against that level and rotated to the downside. The current price trades at 163.293.Although lower, there is a key target on...
More from Waller: Right now a lot of recent high productivity growth is rebound from lows
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,...
Fed’s Waller. Fed should proceed with more caution on rate cuts than was needed at Sept
Fed should proceed with more caution on rate cuts than was needed at September meetingMy baseline calls for reducing policy rate gradually over the next yearPolicy rate is currently restrictive.If economy proceeds as expected, can move policy to a neutral stance at a...
Crude oil futures settled at $73.83
Crude oil futures are settling at $73.83. That is down $-1.73 or -2.29%.The high price today reached $74.83. The low price was at $73.43. That comes after closing on Friday at $75.44.Technically, recall on Friday and Thursday of last week, the price highs reached up...
AUDUSD trades in the middle of close support and close resistance levels
The AUDUSD is trading at 0.6723 which is near the middle of close resistance at a swing area up to 0.6768 and close support with the 100 day moving average and 0.66929 and the low of a swing area at 0.6685. The true midpoint of that range is 0.6725. With the price at...
Israelis Netanyahu, Def Sec.Gallant will design Iranian response outside cabinet.
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,...
What key events will be of interest this 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,...
Senior Israeli security official: Response to Iranian attack will be strong
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,...
Bitcoin trades toward the September high as $66,508
The price of bitcoin is much higher in trading today and in the process has been able to extend above target levels including the swing high from the end of August near $65,000, and another swing area near $65,468. The area between those levels is now close support....
EURUSD trades to a new low and looks to test the low swing area
The EURUSD is trading to a new low and in the process is testing the low from last week along with a swing area between 1.0899 and 1.09126. Get below that area, and the sellers are taking even more control. On the downside, the 200-day MA at 1.08735 would be the next...
European shares closing higher
The major European indices are closing higher led by Spain's Ibex and Italy's FTSE MIB which rose by over 1%.The closing levels shows: German DAX, +0.64% France's CAC +0.32%UK's FTSE 100 +0.47% Spain's Ibex +1.12%Italy's FTSE MIB +1.09%As London/European...
Sirens going off in Israel.
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,...
USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
The USDCAD is bouncing higher after some consolidation on Friday after the stronger-than-expected Canadian jobs report. Technically, the price has moved into a swing area between 1.3784 and 1.38036 (see red numbered circles on the chart below). That area goes back as...