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,...
EURUSD trades below the 61.8% of the trading range since 2022 at 1.0200 but bouncing
The EURUSD moved to and through the 61.8% retracement of the range since the 2022 low to the 2023 high. That level came in at the natural support level of 1.0200. Breaking below was more bearish. The momentum on the break took the price down to 1.01753, but selling...
ECB Vileroy: French GDP growth could pick up 2026 and 2027
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 10 year yield up seven of the last nine trading days
The 10-year yield has moved up seven of the last nine trading days. During that time, the yield has moved from a low of 4.51% to the current yield at 4.780%. Prior to that move, the yield had moved up from a December 6 low of 4.126%. Since mid-September, the yield is...
AUDUSD sellers remain in firm control. What is needed to give the buyers a victory?
The AUDUSD on Friday fell below a swing low going back to October 2022 at 0.61695 (red number 2 on the chart below). That took the price to the lowest level going back to April 2020 (see chart below). In trading today, the price has been waffling up and down with a...
New York Fed: Year ahead inflation expectations unchanged at 3% in December
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,...
USDCHF extending toward highs from last week and highest level going back to May
The USDCHF is extending to new highs for the day and in the process is looking to test Friday's post-employment run to the upside. That high on Friday reached 0.91877. The high price today is just below that level.The price also moved away from the rising 100 and...
US employment trends for December 109.70 vs 109.45 (revise) prior month
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,...
Not a good start for US stocks
The US stock market is off to a negative start for the week. The declines are led by the Nasdaq and the Russell 2000 stocks. The Dow stocks are now trading higher as the flow of funds is out of the riskier stocks. A snapshot of the market shows: Dow industrial average...
Tech sector faces downturn while healthcare shows promise
Stock heatmap by FinViz.com Mon, 13 Jan 2025 14:46:01 GMTSector OverviewThe stock market heatmap reveals a pronounced downturn in the technology sector, particularly among semiconductor stocks, while the healthcare sector displays pockets of strength, led by health...
Bitcoin extends losses.Trades below $90,000
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 stocks looking weak in premarket trading to start the week. Nvidia shares down -3.64%
The order US stock indices are on a three day losing streak and on pace for 1/4 today with the premarket futures according lower levels.A snapshot of the employed openings S&P -45 pointsDow industrial average -75 points.S&P -45 pointsNASDAQ index -234...
Geopolitics: Hamas says talks over some core issues for Gaza ceasefire made progress
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 falls in early NA trading to a MA cluster. Buyers lean on the first test.
The USDCAD has moved sharply to the downside in early NA trading after the highs today stalled near the low of an upper swing area (at 1.44488) The market price waffled up and down in the European session today, but over the last hour or so has taken a run to the...
Key releases and events this week
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,...
Dollar is modestly higher to start the trading week. Stocks continue to tumble.
A day after the stronger than expected US jobs report, the USD is modestly higher with the largest gains vs the EUR (+0.52%) and the GBP (+0.81%). THe dollar has small gains vs the CHF, CAD, AUD and NZD and is lower vs the JPY (-0.22%) to start the week. EURUSD: THe...
Rajwinder Dhanda on Growing a Successful Trading Business
Everyone has a different trading journey and story to tell. The Finance Magnates London Summit (FMLS:24) drew plenty of big names and specialists, including Rajwinder Dhanda last November.Rajwinder Dhanda is the Founder of Dhanda the Great, who checked in with Finance...
ForexLive European FX news wrap: Dollar holds mostly firmer, equities under pressure
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.7%US 10-year yields flat at 4.773%Gold down 0.8% to $2,668.50WTI crude up 1.9% to $78.06Bitcoin down 4.2% to $90,574It's been a decent start to the new week but we're...
US unveils new restrictions on AI chip exports
The export restrictions mostly covers advanced computing chips used for AI and builds on previous curbs set out last year on exporting certain chips to China itself. The new controls on AI chips will see quotas on exports to about 120 countries but 18 US allies and...
USDCAD Technical Analysis – New cycle highs ahead?
Fundamental OverviewThe USD got another boost on Friday following the NFP report as the data beat expectations by a big margin almost across the board. The market scaled back the rate cuts expectations further with now just one cut expected by the end of the year. The...