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 30 September 2024
First off, there are market closures in Asia today for holidays.Mainland China is closed Hong Kong is closedSouth Korea is closedBank of England Monetary Policy Committee member Greene is up soon. Greene spoke last week:The data agenda that follows is packed. New...
Trade ideas thread – Monday, September 30, 2024
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:.Thread to post financial markets trading ideas - Post 'em if ya got...
Markets stop panicking when central bank start panicking
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,...
How major market indexes performed in the third quarter
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,...
WTI crude oil futures settled $68.17
Crude oil settled today just one cent lower at $68.17. The low price today reached $67.60. The high price reached $69.18. At session lows, the price stayed above a swing area going back to 2023 between $66.76 and $67.51. On both Thursday and Friday of last week, the...
USD moving higher as Powell taps the brakes on cuts
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 dollar rises, stocks fall as Powell higher GDI and base case to cut 25 bps
The US dollar is at the highs of the day across the board after a pair of important comments from Powell.1) In the first, he said that GDI revisions last week removed a downside risk for GDP. The fear was that GDP would be revised down to GDI, instead it was GDI...
Powell Q&A: A downside risk in GDP was a revision to GDI, but GDI was revised higher
Notes that a downside risk in GDP was a revision to GDIInstead, GDI was revised higherFed not in a hurry to cut rates quickly, will be guided by dataRate cut process will play out 'over some time' with no need to go fastFed will take everything into account at Nov...
Powell: Policy will move over time to neutral if economy meets forecasts
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,...
Watch live: Powell speaks on the economic outlook
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,...
Goldman Sachs highlights the case for an undershoot in US inflation
Goldman Sachs is out with a note today highlighting downside inflation pressures from oil. I've been writing about this for awhile, noting that oil is trading more than $20 below where it was at this time last year, adding a powerful drag for crude.Looking out...
Fed Goolsbee worried about the possible continued port shutdown. Case for rate cuts clear.
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 extends to new lows for the day and back below MA support levels
The EURUSD up and down volatility continues. After trading near the 100-hour moving average (blue line in the chart below) in the Asian/Pacific session, the price moved sharply higher. In the process the pair moved above the swing level from Friday's trade just above...
Fed Pres. Bostic: Is open to another 50 bp cut if labor market shows continued weakness
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,...
USD/JPY chips away at Friday’s losses as the reversal continues
USDJPY dailyThe Japanese political situation has been high drama in the past week.On Friday, Japan's LDP opted not to pick a dovish leader of their party, causing a big drop in USD/JPY. That was followed by a snap-election call from incoming PM Ishiba.The vote will...
AUDUSD & NZDUSD supported by China stimulus/risk-on flows. Pairs make new highs for year
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,...
Israel defense minister: The next phase of the war will begin soon
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 believes Israel could imminently launch a more limited ground incursion in Lebanon
CNN reports that Israel could imminently launch a ground incursion into Lebanon. However the report says that following discussions with the US, the incursion could be more-limited than what Israel initially planned.I would take this all with a grain of salt as many...
USDCAD defines close support and resistance to start the new trading week.
The USDCAD moved up on Friday and stalled at the falling 200-hour MA. Today, the price did move above that falling MA (it was lower today), but stalled near the high from Friday, and below the 50% midpoint of the September trading range (at 1.35328). Those are the...