The AUDUSD and the NZDUSD have similar technical stories to tell. Each has seen up-and-down price action over the last 5-6 trading weeks.Each has its 100 and 200 bar moving averages on their 4 hour charts near the middle of the trading ranges. In trading today, each...
Feds Bowman: Further interest rate increases likely appropriate with inflation still high
A second Fed governor is speaking. FOMC member Bowman is on the wires saying:Further interest rate increases likely appropriate with inflation "still too high."Fed policy will need to be held at a restrictive level "for some time" to return inflation to 2% "in a...
UAW to announce more strikes at GM and Stallantis parts and distribution centers
The UAW will announce more strikes at ports in distribution centers at GM and Stallantis. The strikes will be at 38 ports and distribution centers in 20 states and will start at 12 noon today.. The thinking is that strikes at these centers will hit at the heart of the...
Fed Collins: Despite encouraging recent data, inflation remains too high
Fed's CollinsFOMC member Susan Collins is speaking and says:"Optimistic" inflation can fall with only a "modest" rise in unemployment, sees a "widened" pathway to that outcome.Current policymaking requires "considerable" patience to get the right signal from...
Reuters sources: UAW expected to announce significant new strikes versus GM and Stallantis
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 global manufacturing PMI flash for September 48.9 versus 48.0 estimate
Prior month manufacturing PMI 47.9. Services PMI 50.5Manufacturing PMI 48.9 versus 48.0 estimateServices PMI 50.2 versus 50.6 estimateComposite PMI 50.1 versus 50.2 last monthMixed report vs expectations. Manufacturing remains below the 50 level indicative of...
Major US stock indices are trading higher. Major indices on track for lower close this wk.
The major US stock indices are opening higher. The Dow Industrial Average is trading above and below unchanged. The S&P index and the NASDAQ index were higher after sharp declines yesterday.A snapshot of the market currently shows:Dow industrial average -6.91...
Reuters: UAW will announce that it has made progress with Ford in current talks
Reuters is reporting that a source is telling them that the UAW (United Auto Workers) will announce that it has made progress with Ford in current labor talks. They will invite Biden to come to picket line.At the same time, Phil Lebau on CNBC is saying that he would...
ECB’s de Cos: Underlying inflation is now easing
> Central Banks > ECB's de Cos: Underlying inflation is now easing Central Banks ECBs de Cos speaks <!--> --> <!--> --> Underlying inflation is now easingInflation seems to be turning a cornerCurrent interest rate level - if maintained for...
ECB’s Lane: 4% rate will do quite a bit to bring inflation to 2%
> ECB's Lane: 4% rate will do quite a bit to bring inflation to 2% ECB's Lane speaking on Yahoo finance interview <!--> --> <!--> ECB's Lane4% rate will do quite a bit to bring inflation to 2%ECB is still very data dependentexpects rates to held...
Kickstart your trading day: A technical look at the EURUSD, USDJPY and GBPUSD
The Bank of Japan kept rates unchanged overnight. That led to a rebound higher in the USDJPY and for a retest of the high prices from yesterday at 148.453. The high price fell 4 pips short of that and has rotated back to the downside maintaining most the gains.The...
Canada July retail sales 0.3% versus 0.4% expected
Canada retail salesPrior month +0.1% (was expecting 0.0%)The July advanced estimate last month was for a 0.4% gainRetail sales for July 0.3% versus 0.4% expected. Sales advanced in 7 of the 9 subsectors led by an increase in food and beverages of 1.3%Ex Auto 1.0% vs...
Canada retail sales will be released at the bottom of the hour.
At the bottom of the hour Canada retail sales for July will be released. The expectations are for 0.4% versus 0.1% last month. The estimate for July released last month was for a 0.4% gain.Ex Auto, the expectations are for 0.5% versus -0.8% last month. Auto sales held...
ECB’s de Guindos: Risks to inflation are now balanced
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,...
ForexLive European FX news wrap: Euro, pound drop on PMI misses
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures up 0.2%US 10-year yield flat at 4.482%Gold up 0.3% to $1,925.47WTI crude up 1.0% to $90.57Bitcoin up 0.2% to $26,651It was a relatively lively session as the euro and pound...
하루 5분! 집에서 폰으로 쉽게 용돈버는 새로운 부업 BEST2 (10만원 상품권 무료 증정 이벤트 포함! 지금 바로 따라해보세요)
https://www.youtube.com/watch?v=9qNJsGY5okM 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 하루 5분 정도만 써서 초간단으로, 언제 어디서나 매일 용돈버는 새로운 2가지 방법을 소개하려고 합니다. 폰만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 영상을 보시고, 월급 외 부수입에 관심이 있으신 분은 지금이라도 당장, 가벼운 부업에 도전하셔서 조금이라도 월급 외 수익을 가져 가시길 추천드립니다....
Dollar sits mixed on the day, consolidates gains on the week
The snapshot today is that the dollar is down against the commodity currencies but higher against the European currencies and the Japanese yen. The poor PMI data in Europe and UK are proving to be the bane for the euro and pound respectively, while the BOJ failing to...
Central Banks Hold Steady: BoE, SNB, and a Closer Look at the UK
BoE and SNB left interest rates on hold, against expectations for additional tightening in both the UK and Switzerland. Both central banks maintained a tightening bias, but the BoE in particular is now expected to peak much earlier than thought just a couple of months...
Where to next for USD/JPY, GBP/JPY and GBP/USD following BOE and BOJ rate decisions?
Article written by Axel Rudolph, Senior Market Analyst at IGUSD/JPY puts pressure on its 10-month highThere is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the...
USDJPY Technical Analysis – The economic data is key
US:The Fed left interest rates unchanged as expected.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the...