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,...
How long until US inflation falls to 3%? Sooner than you may think
We might be on the verge of an inflation bust.The latest US CPI report briefly rattled markets as it held close to 5% but the coming reports are likely to show a steep fall.Christophe Barraud thinks the June report could fall to around 3% for several reasons. CPI...
Stocks rebounding a bit
The US stocks are recovering with the major indices all marginally higher now. Goldman Sachs has lowered its estimate of the likelihood of a U.S. recession in the coming 12 months from 35% to 25%. This adjustment follows decreased stress in the banking sector and the...
Hawkish RBA policy update bolsters AUD, supporting long AUD/NZD position – MUFG
AUD/NZD dailyThe Australian dollar emerged as the best performing currency among the G10 following the Reserve Bank of Australia's (RBA) unexpectedly hawkish policy update, according to MUFG. The currency strengthened by around +0.7% today against the US dollar and...
NZDUSD trades below converged 100/200 hour MAs
NZDUSD moves below 100/200 hour MAsThe NZDUSD is trading below its 100/200 hour moving averages which are near converged at 0.6054 (blue and green lines in the chart above). The move below tilts the bias to the downside. The low from yesterday came in at 0.60402....
US stock indices open lower
The major indices are trading lower in early US trading:Dow Industrial Average -48.44 points or -0.14% at 33514.43S&P index -7.16 points or -0.17% have 4266.62NASDAQ index -40.27 points or -0.30% at 13189.16Looking at other markets:crude oil is trading down $1.50...
World Bank raises global growth forecast to 2.1% from 1.7%
Raises global growth forecasts versus JanuaryForecasts 2024 global growth at 2.4% vs 2.7% priorSees 2025 growth at 3.0%Sees US growth at 1.1% vs 0.5% in January2024 US growth at 0.8% vs 1.6% in JanSees China 2023 growth at 5.6% vs 4.3% in Jan2024 China growth at 4.6%...
GBPUSD sellers (USD buyers) have pushed the pair to new session lows…
The GBPUSD sellers are making a play below the 200 hour MA (green line in chart below) in early US trading today. The question is, "Can they keep that momentum going to the downside?" A swing area down to 1.2386 is the next target that if broken would give sellers...
SEC’s Gensler: Tokens are speculative investment vehicles
Gary GenslerIt takes time to build a case, we do things by the bookExchanges are commingling a number of functionsPlatforms offer a web of deceptions, with some individuals trying to evade lawThe public would be aghast if they found out the NYSE was also running a...
USDJPY buyers making a play in early US trading
The USDJPY buyers are making a play above the 100/200 hour MA in early US trading. Those MA come in at 139.493 and 139.77. If the buyers are serious, moving away from the MAs would show their commitment.The USDJPY pair has been trading within a fairly narrow range...
US dollar stretches higher as yields climb
The US dollar is at the highs of the day on a number of fronts and that's pushed EUR/USD down 42 pips to 1.0671, breaking yesterday's low.The catalyst might be fixed income, where US yields are up 1-3 bps across the curve and at session highs. The RBA hike may have...
EURUSD moves to new session lows and new lows for the week
The EURUSD tried to move higher in the early Asian session and heading into the European morning session, but could not sustain upside momentum above its 100 and 200 hour moving averages (blue and green lines in the chart below). Weaker data ahead of Germany (factory...
Canada April building permits -18.8% vs -5.0% expected
Prior was +11.3% (revised to +12.3%)Non-residential -34.6%Residential -6.1%That's a sharp decline but comes after a very strong month. Still, the overall value of permits at $9.6 billion is the lowest since December 2020, highlighting a looming construction...
SEC sues Coinbase for operating as an unregistered broker
From the complaint:SEC says Coinbase has operated as an unregistered broker since at least 2019Crypto assets that Coinbase makes available put Coinbase's operatings 'squarely within the purview of the securities laws'Coinbase's staking program includes five stakeable...
The AUD is the strongest and the EUR is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe AUD is the strongest and the EUR is the weakest as the North American session begins. The USD is mixed with gains versus the EUR, GBP and CHF and declines vs the CAD, AUD and NZD. The Reserve Bank of Australia...
RBA rate hike reverberates in a quiet economic calendar
The lone notable items on the North American economic calendar today are:Canadian building permits at 8:30 am ETCanadian Ivey PMI at 10 am ETNew Zealand GDT Price Index at approx 9:45 am ETNone of those are market movers so instead the market will be digesting the...
내일(6월 7일)부터 신청! 일단 신청부터 하세요~ 매월 현금으로 캐시백 지급합니다! 전기 절약하면 현금으로 돌려주는 에너지캐시백 신청 시작!
https://www.youtube.com/watch?v=NDdFtxKUdG4 ^^ 6월 7일부 신청이 시작되고, 개인적으로 강력하게 추천해 드리는 정부 지원 캐시백 제도를 소개해 드립니다. 기존에는 6개월 단위로 지급되는 방식이었지만, 이제는 매월, 한 달 단위로 현금으로 지급받을 수 있고, 지급 금액도 많이 늘어납니다. 소득, 지역 무관, 일단 신청만이라도 해놓으세요! #정부지원 #현금지급 #캐시백 MoneyMaker FX EA Trading...
ForexLive European FX news wrap: Australian dollar jumps on RBA rate hike surprise
Headlines:Markets:AUD leads, EUR and GBP lag on the dayEuropean equities slightly lower; S&P 500 futures down 0.1%US 10-year yields down 2.1 bps to 3.671%Gold up 0.1% to $1,964.23WTI crude down 2.3% to $70.47Bitcoin up 0.1% to $25,673The RBA was the main highlight...
China regulator reportedly asks major state-owned banks to lower dollar deposit rates
This continues from the story earlier here as China is doubling down on banks, this time wanting to encourage more flows into the yuan currency instead.The Chinese self-regulatory body overseen by the central bank has reportedly asked major state-owned banks to lower...
Dollar holds more mixed so far on the day
The dollar is trading slightly higher against the euro, pound, and franc on the day currently. Meanwhile, it is trading just slightly lower against the yen and loonie, with the aussie holding decent gains after the RBA decision earlier.All in all, it points to a...