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SNB’s Martin: Anticipation for inflation in Switzerland has come down quite a bit
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,...
If confused about the price action today, watch this video on the NZDUSD.
If you are confused about the price action, you are not alone. However, technicals often tell the story of the price action, and if you can think of the price action as the dilemma buyers and sellers are facing, that story becomes more clear. IN the NZDUSD, we know...
European equity close: Mostly softer
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 Williams: Expects that the economy will allow the Fed to cut further
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,...
Pound falls with the UK floating a capital gains hike
GBPUSD dailyThe pound is down a third of a cent today as the US dollar broadly strengthens following a hotter CPI report. The pair is trading at 1.3038.The pound is also slightly underperforming the euro and part of that might be a new report in The Guardian that says...
EURUSD moves back below 100 day MA and buyers turn to sellers
EURUSD moves back to the downside Below the 100 day MAThe EURUSD moved lower and higher after the US data today, but the run to the upside ran out of steam near a key swing area between 1.09419 and 1.0949. The inability to get above that area started the move back to...
Fed’s Barkin: Inflation is headed in the right direction
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 trend move higher continues. Pair is up near 300 pips in a week. What next?
The USDCAD has been running higher over the last week with the pair raising up near 300 pips in one week of trading. That's a big move in a short period of time as the market trends to the upside. For a fundamental view of the price action, see Adam's post here....
Fed’s Goolsbee: Inflation came in around expectations, improvement on housing
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 Canadian dollar continues to get battered
It's feast or famine for the Canadian dollar. It's on a seven-day losing streak at the moment, running to 1.3750 from 1.3480 in that time. Incredibly, the seven-day losing streak is only the worst since July, when it sold for nine straight days, though the magnitude...
Technology leads decline: Amazon outperforms while financials hold firm
Stock heatmap by FinViz.com Thu, 10 Oct 2024 13:46:09 GMTSector OverviewThe US stock market today paints a varied picture across sectors, with technology leading the decline while consumer cyclical stocks show resilience. Key players in the tech sector exhibited...
Stocks lower as the market digests the data and the Fed
The US major indices are trading lower after mixed data. Yields are mixed with the shorter end now lower and the longer end higher. The US treasury will auction off 30 year bonds later today to complete what has been a sloppy coupon auction calendar this week. A...
US stock futures point to a moderate decline at the open. Eyes on Tesla
S&P 500 futures are down 0.3% ahead of the open while Nasdaq futures are down 0.5%. It's been a volatile morning following CPI but the bond market should be a tailwind.In terms of company news, shares of Delta are down 1.4% in the premarket after softer Q4...
Forex markets react to mixed US data. What next technically for the EURUSD, USDJPY, GBPUSD
The US CPI data today was higher than expected with the headline up 0.2% versus 0.1% expected and the core of 0.3% versus 0.2% expected. That increase the year on year measures as well with the core up 3.3% YoY. Not good. On the other hand is that initial jobless...
US dollar pops then drops after higher jobless claims and hotter CPI
USD/JPY 10 minsThe market reaction to the hotter US CPI report is tough to square. The dollar initially jumped to the best levels of the day but quickly turned lower.Core and headline CPI was both 0.1 pp higher than expected on a m/m basis and there were no obvious...
Gulf states are lobbying Washington to stop Israel attacking Iran’s oilfields
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,...
US initial jobless claims 258K vs 230K estimate
Prior week 225KInitial jobless claims 258K vs 230K estimate4-week moving average initial jobless claims 231K vs 224.25KPrior week of continuing claims 1.826M revised to 1.819MContinuing Claims 1.861M vs 1.830M estimate4-week moving average of continueing claims 1.832M...
US September CPI 2.4% y/y versus 2.3% 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,...
US CPI data due imminently. The ranges of estimates (& why they’re crucial to know)
For the full information on this post, why knowing the ranges is important etc, see this I posted earlier during the Asian session:In the link below you can also find the distribution of forecasts which is another important input for the market reaction:But, if you...