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,...
Iran supreme leader holds emergency meeting of security council – report
Iran’s supreme leader, Ayatollah Khamenei, is holding an emergency meeting of the Supreme National Security Council at his home compound, in response to Israel's strike in Beirut that targeted the leader of Hezbollah, Hassan Nasrallah. The latest reports suggest...
China urges local companies to stay away from Nvidia AI chips – 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,...
BofA: Chart: Go short gold vs. silver. Entry, target, stop, and rationale
BofA recommends selling short gold against silver at a ratio of 83.50, with a target of 78.50/75.00 and a stop at 87.50.Key Points:Gold: The 2024 price targets of 2368, 2538, and 2643 have already been achieved, with the next target at approximately 2733. However,...
US government studying revocation of licences for US oil companies in Venezuela – 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,...
Fed’s Bowman: Data points continue to show economic strength
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,...
More signs that there won’t be enough electricity
Latitude Media today talked to Peter Freed, Meta’s former director of energy strategy (he left in April) and he talked about the massive amount of energy that's going to be needed for data centers. That's on top of green transition energy and chronic under-investment...
Baker Hughes US oil rig count 484 vs 488 prior
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,...
Why Chinese currency strength is a trend to watch
USD/CNY weeklyJamie McGeever at Reuters is out with a good column on the conundrum for China as it looks to stimulate the economy. He highlights that the moves could spark a rally in the yuan and that USD/CNY could also fall as the US stimulates.He cites Stephen Jen...
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S&P 500 dips into negative territory after heavy Lebanon strikes
Reported heavy strikes in Beirut have put a risk-off mood into markets and the S&P 500 has hit a session low, falling into slightly negative territory.The market doesn't like war but it has mostly ignored the latest Middle East drama. This strike was said to...
Israel strikes Hezbollah HQ and targets its leader
Hezbollah leader Hassan NasrallahThe Primary Target of the latest Israeli Airstrike on Beirut is said to be Hezbollah leader, Hassan Nasrallah. The HQ is said to be located beneath residential buildings.Israel Defense Forces spokesperson Daniel Hagari said:“Moments...
European equity close: What’s not to like about this chart?
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 AUDUSD and NZDUSD are breaking to new highs. The USDCAD remains confined. What next?
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,...
Geopolitics: Finding a diplomatic solution to end Israel/Hezbollah no longer likely
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,...
Atlanta Fed GDPNow Q3 forecast +3.1% vs +2.9% prior
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,...
Incoming Japan PM Ishiba: Japan will deploy fiscal stimulus if needed
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,...
USDCHF sellers are testing a key support level Can the sellers push below and stay below?
The USDCHF is moved lower on the back of the PCE data today and that move has now taken the price of the USDCHF to 0.8400 target. Remember, that area is a low of an up-and-down trading range that has confined the pair going back to August 20. The high of the area...
The calls are mounting for the ECB to cut rates in October and beyond
LagardeBarclays is out with a note forecasting the ECB to cut by 25 basis points on October 17. They're behind the curve on that one as the market shifted dramatically in the past two weeks and is now pricing in a 94% chance of a cut. That's despite what prior ECB...
Modest gains in major indices to start the day
The US PCE data was better than expected but the market is having trouble rallying hard. Is it a movement out of the US into China. Europe and strong gains this week as well. Is it sell the news? Having said that, the S&P and Dow indices are trading at new...