Market pricing is still showing over 100bp of Federal Open Market Committee (FOMC) rate cuts through to the end of 2025.BRock says this is too much, citing:1. A solid economy“U.S. Q3 GDP data last week showed consumer spending is still driving overall economic growth....
Australia weekly consumer sentiment survey comes in at 86.5 (prior 86.4)
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,...
North Korea fires off another ballistic missile
Attention seeking dictators, they are everywhere!Kim Jong Un fires off another ballistic missile. South Korean military with the report. These are usually targeted at the East Sea (Sea of Japan). Which is difficult for them to miss.Back in the olden days this would...
Australian October services PMI (final) 51.0 (September was 50.5)
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,...
Bank of America point to a strong earnings season
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,...
Positioning for the US election – Trump win likely means higher inflation, higher rates
I posted on this yesterday:The conclusions reached by JPM are not really news, any analyst with two brain cells to rub together can see that profligacy will lead to higher inflation and higher rates. This is not in dispute, we see it all the time across the globe. Be...
Down day to start US election week
The major US stock indices are closing lower to start the US election week. The Dow 30 fared the worst of the major 3 indices. The final number are showing:Dow industrial average -257.60 points or -0.61% at 41794.60S&P -16.11 points or -0.28% at 5712.69Nasdaq...
Forexlive Americas FX news wrap: Equity markets sag as we hit the final stretch
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,...
Economic calendar in Asia Tuesday, November 5, 2024 – US election day (wait for it …)
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,...
Trade ideas thread – Tuesday, 5 November, insightful charts, technical analysis, ideas
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,...
AUDUSD is back lower after run higher stalls near key topside target resistance.What next?
The RBA will be announcing its rate decision later tonight/tomorrow in Australia. The expectation is for no change in policy. Focus will be on what is ahead for the central bankTechnically, the price high reached 0.66184 in the early Asian session. That took the price...
Barclays: What we expect from the November RBA meeting
Barclays expects the RBA to adopt a hawkish tone at its November meeting, reinforcing the message that rate cuts are unlikely in 2024. With the Australian economy operating above potential and core inflation still above target, the RBA is expected to signal a steady...
Credit Agricole: What we expect from the November RBA meeting
Credit Agricole anticipates the RBA will hold rates at this week’s meeting, with Australian inflation and activity data aligning with forecasts, supporting a continued hawkish stance relative to other G10 central banks. Despite stable inflation and moderate retail...
Crude oil futures settle at $71.47
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Traders – like football teams – should be rooted in the process….
The next few days are some big ones for the markets and for you too as a trader in the markets. The US election is a toss-up, which given the history of the past elections will likely lead to chaos. Everything and anything can happen. If it were a sporting event, it...
The US treasury auctions off $58B of 3-year notes at a high yield of 4.152%
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 treasury auction $58B of 3- year notes at the top of the hour
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,...
Legend of Arcadia: Redefining Community-Driven Operations
Legend of Arcadia (LoA), a new card-based RPG set in an expansive universe inspired by Kingdom Hearts, is bringing a community-driven operational model to Web3 gaming. With a focus on sustainable growth, LoA aims to establish itself as a leading platform by...
Canadian dollar bounce highlights the Presidential premium
Harris from her Montreal highschool yearbookThe world of foreign exchange is multi-variate so you never get a full grasp on what's moving a currency on any given day.Economics always overshadows politics and the US election has been playing out in the background for...
OPEC survey: Output rises 190K bpd led by Libyan recovery
OPEC pumped 26.33 million barrels per day in October, up 195k bpd from September, according to Reuters' influential secondary sources survey.The rise was centered on Libya, which had curtailed production during a political dispute in September. Libya is not subject to...