The major US stock indices are moving higher in early US trading. The gains are somewhat modest after the NASDAQ index fell -1.2% yesterday.A snapshot of the market currently shows:Dow industrial average up 58 points or 0.17% at 33773S&P index up 11.75 points or...
EURUSD moves to new session high continuing the run to the upside
The EURUSD is extended to the upside despite the better-than-expected durable goods orders released earlier today. The move to the upside today has been helped by a run above the 100 and 200-hour moving averages. The pair has moved into a swing area between 1.09618...
S&P Case Schiller for April 0.9% versus 0.4% expected
Prior month 0.5% revised to 0.4%Case Shiller Home Price 0.9% versus 0.4% expectedcase Shiller not seasonally adjusted +1.7% versus 1.6% last month (revised from +1.5%).Case Shiller year on year -1.7% versus -2.6% expected. The prior month came in at -1.1%Among the 20...
US May advance durable goods orders (preliminary) 1.7% versus -1.0% expected
Durable goods orders for MayPrior month +1.1% revised to 1.2%Durable goods orders 1.7% versus expectations of -1.0%. Prior month +1.1% revised to 1.2%. This marks an increase for three consecutive months, following a 1.2 percent increase in April.Transportation...
Canada May CPI 3.4% y/y versus 3.4% expected
Lowest reading since June 2021Prior was 4.4%CPI m/m +0.4% vs +0.5% expectedPrior m/m reading was 0.7%Gasoline prices -18.3% vs -7.7% y/y in prior month Gasoline prices -0.8% m/m vs +6.3% prior monthEx gasoline +4.4% vs +4.9% priorFood +8.3% vs +9.1% y/y priorMortgage...
ECB’s Wunsch: We must accept that our ability to fix inflation at exactly 2% is limited
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,...
7월 1일부터 신청! 건강보험료 바로 깎아드려요!
https://www.youtube.com/watch?v=-bbr2VUOIXQ 오늘은 건강보험료를 바로 줄일 수 있는 방법 2가지를 알려드리겠습니다. 정확히 7월 1일 이후부터 신청하실 수 있고요. 신청을 하면 할인을 해주고, 신청을 안 하면 그냥 청구된 금액 그대로 내야 하니까… 해당되는 분들은 꼭 알아두시고, 억울하게 더 낸다거나, 안내면 큰일 날 것 같아서 무리해서 내는 일이 없으면 좋겠습니다. #건강보험료감면 #7월1일부터 #즉시할인 MoneyMaker...
The EUR is the strongest and the JPY is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe EUR is the strongest and the JPY is the weakest as the North American session begins.The USD is mixed to lower. Gains and losses are generally modest. The EURUSD is moving to the upside after a non-trend-like day...
ForexLive European FX news wrap: Euro gains in quiet trading
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields flat at 3.721%Gold down 0.1% to $1,921.59WTI crude down 1.8% to $68.15Bitcoin up 1.7% to $30,668It was a relatively quiet session as there wasn't any...
ECB turns a blind eye to recession risks for now
In case you missed the headlines from yesterday and today:Given the circumstances, it is not too surprising to see policymakers brush off the weaker economic performance towards the end of Q2. They have already signaled a rate hike for July, so there is no backing...
USDCAD Technical Analysis – Waiting for the CPI
Over the past week, many central bank speakers have shared their perspectives. The prevailing consensus remains unchanged: a wait-and-see approach is favoured to gauge the necessity of further tightening. While the majority of the FOMC expects two additional rate...
OPEC denies to inviting Guyana to be part of the organisation
There was a report yesterday stating that OPEC were had invited Guyana, one of the more faster growing oil producers globally at the moment, to join its cartel. However, that was swiftly denied by the country itself:"We were not formally invited to join OPEC. That is...
2023-2024 Market Trends: Interest Rates, Energy Transition, and US-Сhinа Tensions
Identifying market trends helps people invest with profit and achieve their financial goals. In 2023-2024, the market trends will be influenced by three high-level factors: U.S. interest rates, growing regional competition, and the new energy balance. The OctaFX...
ECB’s Simkus: Should not rule out the option of a September rate hike
We are not done with hiking ratesToo early to say whether there will be a rate hike in SeptemberMust keep rates restrictive to reach 2% inflation targetAs mentioned earlier, they are not going to relent on the hawkish rhetoric until after we get to July. By then,...
BOE’s Dhingra: UK wages are responding to inflation with a lag
Sharp drop in PPI is promisingThere is a lag between fall in PPI and CPI around one or two quartersFood prices is where inflation remains most stubbornNot very convincing to argue that UK grocery inflation is driven by "greedflation"Well, for their sake, that lagged...
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Market Update – June 27 – Stocks buoyed after yesterday’s drift
Risk appetite started to improve and a 2% bounce in the Hang Seng led Asian markets higher overnight. China Premier warned that economic barriers will lead to confrontation, while he promised the roll out of more effective measures to boost demand. China meanwhile set...
Dollar holds slightly lower so far on the day
The risk mood is calmer on the day but investors are still understandably cautious after the selling from last week. Stocks in Europe have pared gains somewhat after the opening hour and that is not leaving FX traders with much to work with.EUR/USD is up 0.3% to...
ECB’s Lagarde: Inflation remains too high
We are committed to reaching inflation target come what mayWe cannot waver, cannot declare victory yetNeed to bring rates to "sufficiently restrictive" territoryNeed to communicate clearly that we will stay at those levels for as long as necessaryHave not yet seen the...
GBPUSD Technical Analysis – Break or Bounce?
Throughout the previous week, we got many insights from various central bank speakers. The prevailing consensus is that awaiting additional data will help to assess the extent of further tightening. While the majority of the FOMC expects two more rate hikes this year,...