USDCAD has been oscillating between the 100-hour and 200-hour moving averages since breaking above them during the European session yesterday. The pair found support at the 100-hour MA in early U.S. trading but faced selling pressure at the 200-hour MA (currently...
Atlanta Fed Bostic Doesn’t expect new burst of inflation, though widespread uncertainty
Fed's Bostic is out with some comments on the economy and policy, saying: Does not expect new burst of inflation, though uncertainty is widespread.Businesses are optimistic about deregulation but apprehensive about impact of tariff, immigration changes.Expects...
US dollar moves to new lows
The USD is moving to fresh session lows versus all of the major currency pairs:USDJPY. The USDJPY is trading to a new low of 149.62. That is getting closer to the 50% midpoint of the move up from the September low which comes in at 149.22. There is a swing level near...
Feds Goolsbee: PCE is not likely to be as sobering as the CPI numbers
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,...
FBS Analysts Explore AI’s Growing Role in Trading
FBS, a leading global broker, has released an in-depth analysis of how artificial intelligence (AI) is reshaping the trading landscape. The report highlights AI’s growing role in improving efficiency, accuracy, and data-driven decision making.AI Reshaping Trading...
US stocks not liking recent news
Major US stock indices are moving lower today. The NASDAQ index and Dow industrial are now down 1%. The S&P index is down -0.84%. The S&P index closed at a record level yesterday. So it is not all bad, but the declines are worth monitoring.Looking at the...
EU Consumer confidence flesh for February -13.6 versus -14.0 estimate
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,...
Leading index for January -0.3% versus -0.1% estimate
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,...
GEOPOLITICs today: Zelenskiy meets with US envoy Kellogg. Putin talks with Saudi about oil
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,...
Consumer defensive woes and tech stability define today’s market
Stock heatmap by FinViz.com Thu, 20 Feb 2025 14:46:04 GMTSector Overview: Technology Stabilizes, Consumer Defensive Takes a HitIn today's stock market, a clear divergence can be seen between the stability in the technology sector and significant declines in the...
US major indices off to a negative start
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 USD is lower to start the US session. What are the technical telling traders now?
The USD is lower in early US trading with the USDJPY the biggest mover. In the video above, I take a look at the EURUSD, the USDJPY and the GBPUSD from a technical perspective:EURUSD: The EURUSD declined yesterday, testing the 200-hour moving average and the 50%...
US stocks lower in premarket trading. Yesterday the S&P closed at a new record.
The major indices closed higher yesterday. The S&P 500 gained 0.24%, marking a record close for the index. Meanwhile, the NASDAQ posted a modest gain of 0.7%. In late news, Palantir shares saw a sharp decline of -10.08% after President Trump directed the Pentagon...
Trump: BALANCE BUDGET NOW??? LETS GIVE IT S A SHOT. LOTS OF MONEY COMING IN FROM TARIFFS.
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,...
EU trade chief: EU is seeking common ground in talks with US
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,...
Canada January producer price index +1.6% m/m vs +0.2% 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,...
Philadelphia Fed Business index for February 18.1 vs 20.0 estimate
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,...
Canada January new housing price index -0.1% vs -0.1% prior
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 219K vs 215K estimate
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,...
A grab bag of North American economic data is coming up
Good morning from snowy, frozen Canada.We have a four-pack of economic data releases due at the bottom of the hour:Initial jobless claimsPhilly FedCanadian PPICanadian new housing price indexThere has been some hand-wringing about pricing numbers in the regional Fed...