The story is that a Pres. Trump is more digital currency friendly and that has the price of Bitcoin higher for the 3rd straight day. The price has moved from a low on October 24 at $65,000 to the high price reached today at $72,756 or +11.93%. Since the September 6...
NASDAQ index pushes for a record close (again)
The NASDAQ index is trading up 96 points or 0.52% at 18663.79. That takes the price above the July 10 high closing level of 18467.58. On Friday, the price high traded above that level intraday but failed. In trading yesterday, the high price also moved above that high...
EURUSD range-bound ahead of election/data/earnings? If so, what does that look like?
The EURUSD has been trending lower since peaking in mid-September. Rates moved higher. The markets seem to be pricing in a Trump victory with higher deficits/higher inflation from tariffs and tax cuts. Later this week - ahead of the eletion the US jobs report, the...
US dollar pulled in both directions by JOLTS and consumer confidence.
In the hierarchy of economic indicators, JOLTS and consumer confidence are about even. Normally, I would rank consumer confidence higher as it's more of a forward looking indicator.However, more recently Fed officials have frequently cited falling job openings in the...
Dallas Fed services sector outlook +2.0 vs -2.6 prior
Revenue index +9.2 vs +10.1 priorEmployment -0.2 vs +2.0 priorWages and benefits 16.3 vs 12.3 priorRetail sales survey -11.4 vs -8.9 priorComments in the report:UtilitiesWe feel that the pace of general business has increased on the positive side.Professional,...
Atlanta Fed final Q3 GDPNow estimate: 2.8% vs 3.3% prior
The final Q3 tracker is out from the Atlanta Fed and it's a sizeable downgrade to 2.8% from 3.3%. The official report is due out tomorrow."After this morning’s Advance Economic Indicators release from the US Census Bureau, the nowcast of the contribution of net...
US October consumer confidence 108.7 vs 99.5 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,...
US JOLTs job openings 7.443M vs 8.000M 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,...
JOLTs job openings data due out at the top of the hour
htThe JOLTs job opening data will be released at the top of the hour. The expectations are for 8.000M which is a touch lower than the 8.040M last month. For your guide, the expectation of last month was for 7.660M. So the openings were much stronger than expectations...
Mixed signals in US stocks as healthcare rises and tech wobbles
Stock heatmap by FinViz.com Tue, 29 Oct 2024 13:46:08 GMTSector OverviewThe US stock market presented a varied picture today, as healthcare and software applications sectors showed resilience, while consumer electronics and energy faced challenges.Technology:...
US stocks set to open marginally lower
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 for Oct 29 w/a technical look at the EURUSD, USDJPY & GBPUSD
The USD is moving higher in early US trading. Yields continue to extend to the upside. Concerns about a Trump presidency with higher deficits are a tail wind.The EURUSD is running to the downside in early US trading after all and below its 100 hour moving average of...
Case Shiller August home price data +0.4% versus 0.2% 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,...
US wholesale inventories or September -0.1% versus revised 0.2% last 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,...
US advance goods trade balance $-108.23 billion versus $-95.9 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,...
US advance goods trade balance, inventories, home data and JOLTS on the calendar today
At the bottom of the hour, the US advance goods trade balance for September will be released with deficit $-95.9 billion expected. That is a larger deficit compared to last months $-94.22 billion.Wholesale inventories for September will also be released with...
SimpleFX’s 10th Birthday: Celebrating the Online Broker’s Decade
After ten years of constant development, SimpleFX can proudly celebrate this one-of-a-kind anniversary with a unique event. This year, the platform's users will have a chance to compete in a trading contest with a $100,000 and 5,000 SFX Coins prize pool!The plan to...
What technical levels are in play (and why) to start the US session on October 29?
As the North American session begins, what are the key technical levels in play? and why?EURUSD: The EURUSD moved lower to start the US trading day yesterday, only to rebound higher into the European session and the start of the US session. The high prices yesterday...
Forexlive European FX news wrap: China to approve a new fiscal package next 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,...
Iranian revolutionary guards threaten Israelis with surprises they have never seen before
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,...