USDJPY above the 2023 old highs and the 200 day MA. Bullish.The USDJPY is reversing back to the upside helped by higher rates. The 2-year yield is up 7.1 basis points to 4.34%. The 10-year is up 6.7 basis points 3.714%. Technically, the price is also being supported...
Major US stock indices open higher but there is some pause
The major US stock indices are trading higher but off premarket implied levels. Nvidia which has been a big gainer (rose $15 or 5% yesterday) is trading down by -$2.90 or -0.90%. Surprise surprise. PS Nvidia shares are still up 10.4% this week. Alphabet shares are...
US stock futures are implying a higher open
The major US indices are looking to open higher with eyes on the 4200 level in the S&P index. The S&P index is currently trading up around 12 points in premarket trading after closing just below the 4200 level at 4198.06 yesterday. PS the 100 week moving...
EURUSD extends back above 100 day MA/50% retracement but backs off
EURUSD trades back below the 100 day MAThe EURUSD moved above the 100 day MA and 50% of the move up from the March low at 1.0805 area. Recall from yesterday, after skimming along the 100 day MA, the price fell below the level in early NY trading and extended to a low...
Feds Bowman: No monetary policy or economic comments
Like Williams, Feds Bowman does not make comments on monetary policy or economic conditions in the USOn bank regulation, Bowman says:Targeted adjustments to banking regulation should be consideredShe is extremely concerned about casting aside tiering of bank...
USDCAD trades near converging cluster of MAs
USDCAD price converging near converging MAsIn line with expectations, Canada's retail sales for the month exhibited a decrease of -1.4%, even as the core measure outperformed predictions at -0.3%, compared to an expected -0.8%. Concurrently, oil prices saw an upward...
Feds Williams: No comments on monetary policy or economic outlook from NY Fed President
Feds Williams does not comment on economic/monetary policy outlook in a speech to Fed research conferenceNew Fed relaunching its public estimate of r-Star rate variableNew work shows even with pandemic natural interest rate remains lowPandemic impact on natural rate...
Canada retail sales March -1.4% versus -1.4% expected
Canada retail sales 4-1.4%Prior month -0.2%Advanced flash estimate for April 0.2%Ex autos -0.3% versus -0.8% expectedPrior ex autos came in at -0.7%The advanced retail sales report for March (released last month) was for a loss of -1.4%In March, retail sales in Canada...
German DAX trades to a new record high
A new milestone has been reached in the German Dax as it trades to a new all-time high of 16293.68. That high surpassed the previous high from November 15, 2021, at 16290.19. The price is already moved back lower and currently trades at 16280.36. The first look is...
The NZD is the strongest and the USD is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe NZD is the strongest and the USD is the weakest as the North American session begins. The NZD benefitted from a surprise trade surplus of 427M vs -1310M deficit expected. Next week, the expectations are for a 25...
ForexLive European FX news wrap: Light dollar pullback ahead of Powell
Headlines:Markets:NZD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 0.7 bps to 3.655%Gold up 0.3% to $1,963.53WTI crude up 1.0% to $72.60Bitcoin up 0.5% to $26,843There weren't many major headlines during the...
Gold pullback to run deeper? What’s the play?
The latest retreat has roughly two parts to it as gold bulls were once again unable to chase a break above $2,070-75 from the 2020 and 2022 highs, as well as the dollar and bond yields moving higher in tandem. That pushed gold back towards the support region around...
Nasdaq Composite Technical Analysis
On the daily chart below for the Nasdaq, we can see that we have finally got a breakout. This 12274 level has been a really tough nut to crack, but the buyers eventually succeeded. We can see how they’ve been knocking on that door for over a month and as soon as the...
The rally that caught many by surprise – JPN225
Among the main beneficiaries of the rally that took place in the equity markets in the last few hours, after optimism grew late Wednesday afternoon about an imminent solution to the debt ceiling impasse, were the US indices, led by the Nasdaq (+1.81%) which rose to...
스마트폰만 있으면 하루 20분 부업으로 월150 추가로 버는 현실적인 방법
https://www.youtube.com/watch?v=xBIPwvfq7ts 안녕하세요 돈버는 정보 입니다. 단순히 과장된 부업이 아닌 현실적인 방법으로 “누구나” 수익을 올릴 수 있는 부업만을 알려드리고 있습니다. 저희 꿈인 대형 커뮤니티 슬슬 현실이 되어가고 있는데요. 그거 때문에 이런정보들 알아보며 최대한 자세히 알려드리려 노력하고있습니다. 이번 내용은 정말 현실적이고 누구나 폰 하나만 가지고 전문적인 지식없이 당일마다 수익이 가능하기에 궁금하신...
ECB’s Lagarde: We are heading towards more delicate decisions going forward
ECB will be courageous to take needed decisions to bring inflation back to 2%Just some token remarks and not really giving much away for now. Another rate hike is well expected for June but we will see if there will be any more after for the ECB. A lot of that is...
Dollar gains stall for now but the technicals look good
The dollar jump yesterday was certainly noteworthy but we are seeing a light pullback to the gains in trading today. Of note, USD/JPY is down 0.4% to 138.10 levels but buyers are still looking poised in the bigger picture.Meanwhile, the antipodeans are also taking...
Dow Jones Technical Analysis
On the daily chart below, we can see that the price has bounced from the 33000 level and rallied towards the red long period moving average. This is where the sellers are likely to lean on looking for more downside and targeting the 32684 support. The price action...
Russell 2000 Technical Analysis
On the daily chart below, we can see that after bouncing from the 1723 support, the market started to rally again towards the resistance at the 50% Fibonacci retracement level. The market has been stuck in this range since the Silicon Valley Bank collapse in...
AI Stocks to Check Out for 2023
Unlike other tech-based trends in recent times like the Metaverse or Blockchain technology, AI seems to showthe most promise for real-world applications. In fact, it might not even be appropriate to call AI a trend. It’s been used by Ukraine to (successfully) target...