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 stock markets beaten up, close on the lows. More earnings to come
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,...
Forexlive Americas FX news wrap 31 Oct: Stocks scared on Halloween (and ahead of election)
Markets:Gold falls -$38 or -1.37% at $2748.99Crude oil is trading up close to $2.00 after reports that Iran is preparing for a major retaliatory strikeBitcoin is down close to -$2000 at $70,372. The price peaked at $73600 on Tuesday just short of the all time high at...
USD/CAD fails in the first attemp to touch the highest since 2022
USD/CAD stalled out today right at the August high of 1.3946. A break above it would have been the highest since 2022 and not far off the highest since 2020.USD/CAD dailyThe pair is has climbed relentlessly since the final week of September as the Canadian economic...
Crude oil settles at $69.26
Crude oil is settling at $69.26. That is up $0.65 or 0.95%.Looking at the daily chart, the price yesterday moved to a swing area between $66.76 and $67.69 and stalledSoon after the settlement, there has been a report that Iran is pairing a major retaliatory strike...
Iran is preparing a major retaliatory strike – report
Iran is preparing a major retaliatory strike against Israel from Iraqi territory in the coming days, possibly before the US election, according to two sources cited by Axios.Oil has spiked higher on the report. There was a similar report yesterday but from a...
Nasdaq edges to a fresh session low as AI trades hit hard
The S&P 500 touched a session low, down 96 points or 1.6%. The Nasdaq is hurting worse, down 2.6%.Worryingly, some of the highest flyers are being hit hardest today:MSFT -5.6%NVDA -4.7%META -4.6%$AMD -3% (after a 10% decline yesterday)SOXX semiconductor ETF...
New lows for the broader indices
The broader indices are trading to new session lows: S&P index is down -93 points or -1.60% at 5720.40NASDAQ index is down -473 points or -2.55% at 18132.97.Looking at the NASDAQ index, it is trading above and below key support near 18146.61. The price is just...
October non-farm payrolls preview by the numbers: Hurricane and strike effects in focus
Consensus estimate +113K Estimate range +0K (ABN AMRO) to +200K (DBS Bank)September was +254K Private consensus +90K versus +223K priorUnemployment rate consensus estimate 4.1% versus 4.1% priorPrior unrounded unemployment rate 4.0510%Prior participation rate...
Mawari Announces Node Sale to Bring Immersive Content to the World
Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for...
Nexo Unveils Strategic Rebrand as a Premier Digital Assets Wealth Platform
Nexo, a leading digital assets institution, today announced its major rebrand and platform redesign, marking its evolution from a crypto lending pioneer to the first comprehensive and compliant digital assets wealth platform. Unveiled on Bitcoin Whitepaper Day, this...
USD/JPY: Make or break at 151.30 – SocGen
Societe Generale highlights 151.30 as a crucial support for USD/JPY, as the pair’s recent gains suggest strong upward momentum. While signals of a pullback are beginning to appear, maintaining above 151.30 could extend USD/JPY’s targets to higher levels.Key...
European indices close lower. German DAX and France’s CAC down 1%
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 Chancellor Reeves: Tax increases in budget were necessary
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,...
The break in the USDCAD failed. Reverses higher to 2024 high.
The price of USDCAD fell below its 100-hour moving average currently at 1.39028 (see earlier post). Last week, the price fell below that moving average line, but reversed back higher. The week before it fell below the 100-hour moving average but also failed on the...
Starmer spokesman: We do not comment on market movements
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,...
BMO now thinks Bank of England likely to hold rates unchanged next week
Our friends over at Newsquawk picked up a BMO note that argues that the Bank of England is more likely to hold rates unchanged in light of the UK budget and the reaction in bond markets."Considering the composition of the MPC, and the effect the budget measures will...
Break higher in the EURUSD fails…
Earlier today, the buyers in the EURUSD took the price outside the Red Box, that has informed the pair over the last 11 trading days. There has been support down at 1.07609, and resistance 1.08725. The break higher today took the price up to 1.08874 before rotating...
GBPUSD breaks lower. Falls below support at 1.2938 and tumbles to midpoint/swing area
The GBPUSD has moved below the 1.2938 level. That level corresponded with a number of swing lows and highs going back to mid-July (see red numbered circles on the chart below). See earlier video HERE at 4:15 mark. Last week the price fell below that level as well, but...
Gold prices fall more than $50
Has the market finally remembered that an election is coming?'Sell everything' is the mantra today as market participants head for the sidelines in stocks, bonds and precious metals. Gold is getting hit hard today after a relentless rally for three months. It's down...