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,...
Russia says it pumped oil below OPEC+ target in September
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,...
USDJPY buyers take the price back to highs from last week and swing area resistance
The buying in the USDJPY has pushed the price through targets at 146.204 and 61.8% retracement of the move down from the August 16 high at 145.639 (see the earlier video on the USDJPY - GO to 4:08 on the video for the start of the analysis of the USDJPY).The price is...
NZDUSD trades toward the low from yesterday. Seller make a play
The NZDUSD is moving lower, hitting fresh lows for the day, and once again testing yesterday's low near 0.6263. This level sits below the 38.2% retracement of September’s trading range at 0.62727. Earlier in the day, the price briefly climbed above the 200-hour moving...
EIA weekly crude oil inventories +3889K vs -1250K 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,...
USDCAD trades up and down but below converged 100/200 hour MAs
The USDCAD is waffling up and down in trading today with the current price trading near lows. Yesterday, the price closed below its 100 hour moving average (blue line) and 200 hour MA (green line). That is a bearish tilt technically. Today the 100-hour moving average...
Softer US auto sales highlight the pain from higher rates
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,...
Energy sector surges: Healthcare struggles amid mixed market performance
Stock heatmap by FinViz.com Wed, 02 Oct 2024 13:46:04 GMTSector OverviewToday's stock market heatmap highlights a pronounced divergence in sector performance. The energy sector stands out, exhibiting robust gains, driven by Exxon Mobil (XOM), which is up by 1.53%....
USD/JPY extends gain to 200 pips
USDJPY dailyI wrote about the main factors driving USD/JPY higher earlier but the move has now extended to 200 pips, including about 80 since the ADP data.Treasury yields are up 3-6 bps across the curve and some are saying that's because of diminishing fears of Middle...
US stocks lower in early US trading. Markets digesting geopolitical and other stories
The major US stock indices are lower in early US trading as the markets digest geopolitical risks (Iran and Isreal), the US port strike and the implications, stronger ADP employment, and Fed policy. Israel and Iran are on the precipice of a bigger conflict with some...
The USDCHF is making a break to the upside…well one break. More work to do.
The USDCHF has broken to the upside today at 18 price moved above its 100 bar moving average on the 4-hour chart had 0.8486. Recall from last week the high price for the week stalled right near that moving average and found willing sellers. Breaking above today is a...
Israel plans ‘painful’ economic response to Iran strikes, could hit oil – report
WTI crude oil dailyThere is an interesting risk/reward setup in oil at the moment as it looks like Israel will hit back against Iran.Axios reports:“Israeli officials tell Axios it will launch a "significant retaliation" within days that could target oil production...
OPEC JMMC to make no recommendation on output – report
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,...
Kickstart the FX trading day w/a technical look at the EURUSD, USDJPY & GBPUSD
The kickstart video for October 2, takes a technical look at the EURUSD, USDJPY and GBPUSD. The ADP jobs report came in stronger than expected and that has the USD moving a touch although the EURUSD and GBPUSD is consolidating and looking for the next shove. The...
Q3 Tesla deliveries 463K vs 462K expected. Shares dip
The analysts consensus for Q3 deliveries was 463,310 but the whisper number was 472K based on VIN numbers. Tesla reported deliveries of 443,956 and production of 410,831 for Q2.The likely bigger market mover for Tesla will be the robotaxi event on October 10 and...
US dollar firms after upbeat employment data
USD/JPY rose to the best levels of the day after the US ADP employment report beat estimates. Jobs rose by 143K in the month of September compared to 120K expected.USD/JPY broke 145 on the report and is now up 162 pip to 145.18. The broader moves are coming on both...
ADP September employment +143K vs +120K expected
ADP employmentPrior was +99K (revised to +103K)Annual pay growth for job-stayers 4.7% vs 4.8% priorJob-changers' pay gains 6.6% vs 7.3% priorServices +101K vs +72K priorGoods +42K vs +27K priorThere was strength in construction, education and...
Forexlive European FX news wrap 2 Oct
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,...
Today’s Fed Speaker Schedule via @Newsquawk
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,...
UK Financial System Faces Growing Concerns Amid Global Economic Downturn Fears
Full Story on PiQ SuiteWorries about risks to the UK financial system posed by a global economic downturn have risen sharply to their highest level since the second half of 2019, a Bank of England (BOE) survey showed on Wednesday.The Bank's twice-yearly systemic risk...