The vote for the Speaker of the House is underway. WIth 434 House members present it will take 218 votes to get elected Speaker. The House speaker election is a crucial test for Donald Trump’s leadership and legislative agenda as he prepares for his second term....
Bitcoin moves to new highs. Moves away from 100/200 hour MA at $94,800
The price of bitcoin is trading to a new session high of $98,374. The current price is trading at $98,010.The run to the upside has taken the price closer to a swing area near $99,800. Just above that is a natural resistance at $100,000. A move above that area would...
European indices declined across the board as money flows into the US stocks
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 from Fed’s Barkin: Still perceive core inflation is coming down nicely
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,...
NASDAQ index jumps to a new session high and looks toward its 200 hour moving average
The Nasdaq indices run to the upside is continuing with the price currently up 279 points or 1.45% at 19558.42. The high price reached 19560.11. Looking at the hourly chart above, the price is also approaching its 200-hour moving average at 19571.58. The price fell...
Atlanta Fed GDPNow growth estimate for Q4 2024 2.4% versus 2.6% on January 2
Atlanta Fed GDPNow growth estimate for Q4 2024 falls to 2.4% versus 2.6% on January 2. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from 2.6 percent...
More from Fed’s Barkin: US debt is large and growing and puts pressure on long rates
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 Barkin: Baseline outlook for 2025 is postive, with more upside than downside risks
Fed's Barkin is on the wires saying:Baseline outlook for 2025 is positive, with more upside than downside risk to growthAs long as employment and asset values remain strong, consumers will spendInflation still not back to target, more work to doStory of 2025 will be...
USD moves higher after better US ISM Manufacturing PMI data
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 falls to swing area support. The 100 hour MA looms below on more selling.
The USDCHF is lower on the day and testing a swing area going back to April and June 2024 between 0.9086 and 0.90978. If the sellers are to keep pushing, getting and staying below the high of that swing area (up to 0.9100 level) is required.On the downside, the rising...
US ISM Manufacturing PMI for December 49.3 vs 48.4 estimate
Prior month 48.4PMI manufacturing index register the price level since March 2024.Manufacturing PMI: December: 49.3, November: 48.4 (+0.9) - HIGHERNew Orders: December: 52.5, November: 50.4 (+2.1) - HIGHERProduction: December: 50.3, November: 46.8 (+3.5) -...
Tech stocks rally as NVIDIA and Amazon lead gains
Stock heatmap by FinViz.com Fri, 03 Jan 2025 14:46:08 GMTMixed market signals: Tech stocks rally as NVIDIA and Amazon lead gainsToday’s stock market heatmap showcases a notable rally in the technology and consumer cyclical sectors, with standout performances from...
Bitcoin Futures Today
Bitcoin Futures Trading Map: Key Levels for January 2025 ContractCurrent Price: $97,530 (BTC/USD, just before the U.S. market open)Today's analysis for Bitcoin futures (BTC January 2025) highlights key levels to watch as the market prepares for potential moves....
US broader indices will look to snap 5-day’s of declines
The futures of the major US stock indices are tilted toward a positive open. The broader S&P and NASDAQ indices are looking to snap 5-day losing streaks. The Dow industrial average has been down for 4 consecutive days. In premarket trading, the futures are...
USDCAD pushes back higher after dip to the 100/200 hour MAs stalls
The USDCAD moved lower during the Asia-Pacific session, breaking below the 100-hour and 200-hour moving averages, which are positioned between 1.4389 and 1.4386. The decline reached a low of 1.43824 but lacked momentum to push further downward. In the early European...
US economic calendar features the ISM manufacturing survey
US manufacturing sentiment has been poor but plenty of comments in reports have highlighted the election as a potential catalyst. The November ISM manufacturing report saw some improvement but it's still below 50 and expected to stay that way in the December data with...
The USD is lower to start US trading day. What is moving the markets in trading today?
TGIF! Yes it is Friday. I know I have to source my calendar as the markets continue the reheat after the Holiday season. The USD is trading modestly lower today after the rise seen yesterday. The US initial claims came in better than expected at 211K vs 222K estimate....
Russell 2000 Futures Today
Russell 2000 Futures Trading Map: Key Levels for the March 2025 ContractCurrent Price Analysis for E-mini Russell 2000 Index Futures (RTY)The E-mini Russell 2000 index futures (RTY) are trading at 2253.3, with a defined range between 2265.9 (top) and 2234.3 (bottom)....
Nasdaq Futures Today
NASDAQ Futures Trading Map: Key Price Levels for TodayThis analysis provides a detailed trading map for NASDAQ futures on the March contract, highlighting critical levels to monitor. These key price levels can guide traders in evaluating price action and identifying...
S&P 500 Futures Today
S&P 500 Futures Analysis and ES Trading Map for TodayThis detailed S&P 500 futures analysis focuses on the March contract for ES (E-mini S&P 500 futures), evaluating key levels, market trends, and potential price movements. The analysis covers critical...