Outlook for the Federal Open Market Committee (FOMC) from UBS. Analysts at the bank argue that the December labor report, set to be released this Friday, and next week's inflation data will offer further insights into the U.S. economy. Although the Federal Reserve is...
Forexlive Americas FX news wrap: Initial jobless claims drop, USD stays strong
Markets:Gold up $13 to $2662US 10-year yields flat at 4.68%WTI crude down 93-cents to $73.32S&P 500 up 0.2%USD leads, GBP lagsThe US dollar finished as the top performer once again today. In the bigger picture, the market is getting increasingly anxious about...
JP Morgan: US dollar has defied gravity…and could continue doing so
A note from JPM last week argued that the dollar could keep rising, but also that its stretched and further gains are likely limited. It a conundrum, we await the straw hitting the camels back to break this trend.Summary of the note below, with various factors of...
Mixed gains/losses in the major indices
The major US indices are ending the day mixed with the Dow and S&P higher, and the Nasdaq and Russell 2000 lower. Trading conditions were up and down volatile. Tomorrow the stock markets will be close in respect to former Pres. Jimmy Carter's funeral. That will...
Trade ideas thread – Thursday, 9 January, 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,...
Economic calendar in Asia 9 January 2025 – December inflation data from China, CPI and PPI
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 consumer credit falls $-7.49 billion versus $10.5 billion estimate
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,...
As tech giants chase AI trillions, no one is even asking about the broader macro impacts
At the moment, the market is pricing in all the upside impacts of AI and robotics and trying to suss out the winners. The next conversation will be the losers.Nvidia is the most-valuable company in the worldElon Musk said: “Robotic taxis makes Tesla about a $5...
FOMC Minutes: Participants saw gradual move to more-neutral stance if data as 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,...
What’s priced in ahead of the FOMC Minutes
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,...
Bitcoin finds buyers after a test of $92,000
The last two hours have been a ride for bitcoin traders.The cryptocurrency fell as low as $92,728 but the 92K figure has been a key area of support recently and it found strong buyers, rebounding to $94,500.bitcoin 5 minsThe broader risk trade followed a similar...
U.S. Treasury auctions off $22 billion of 30 year bonds at a high yield of 4.913%
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 to auction off $22 billion of 30 year bonds 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,...
EURGBP runs higher but stalls at the 100 day MA
The EURGBP has seen a run higher despite a sharp rise in the UK 10 year yield which saw the yield move to the highest level since 2008. The yield reached 4.821% today rising above the 2023 high of 4.755% in the process. The yield is currently at 4.813%. Although...
Gold rises to the highest in four weeks
gold dailyGold is off to a strong start to the year, rising another $19 today to $2668.Gold has been able to make headway despite a broadly stronger US dollar and rising Treasury yields. That dynamic will be challenged again today with the US Treasury selling 30-year...
Major US stock indices erase declines
The major US stock indices have erased the declines that saw the:Dow down -200.57 points at lowsS&P down -26.39 pointsNASDAQ index is down -115.53 pointsThe snapshot of the current market shows:D industrial average up +23.51 points or 0.06% at 42551.87. S&P...
Crude oil stalls against its 200 day moving average.Sellers enter and push the price lower
Crude oil extended higher in trading today reaching the highest level going back to October 11. However the move to the upside did run into overhead resistance. The 200 day moving average (green line in the chart above) comes in at $75.25. The high price today reached...
Yellen: We haven’t seen too much progress on inflation in the the past couple of months
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,...
MUFG: Gold, oil, and natural gas; 3 top commodities trades for 2025
MUFG highlights three commodities trades for 2025, emphasizing a bullish view on gold, near-term upside for oil with medium-term downside, and bearish prospects for long-dated natural gas prices.Key Trades:Gold (Long Spot):Rationale:Anticipated US Fed rate...
AUDUSD sellers take the price below the 100/200 hour MAs increasing the bearish bias.
The AUD/USD has moved lower in today's trading, breaking through and extending away from the 200-hour MA at 0.6223 and the 100-hour MA at 0.62306. This shift tilts the technical bias further in favor of the sellers, as the pair approaches key support levels near the...