The NZDUSD has been tracking the 100-hour MA higher There have been some brief moves below the 100 hour MA over the last few weeks, with a few times when the price dipped below the MA but quickly rebounded higher.Today, there has been another dip below the 100 hour...
GBPUSD moves below the 100 hour MA. Can the sellers keep the momentum going?
Earlier today, the price of the GBPUSD moved to the highest level going back to January 2022. In the process, the price moved into a swing area between 1.3411 and 1.3511 on the weekly chart (see red numbered circles on the weekly chart).. Seller on the first return to...
Goldman Sachs: What we expect from the SNB and how to trade it?
Goldman Sachs anticipates that the Swiss National Bank (SNB) will cut rates in this week’s meeting, likely opting for a smaller cut (25bp) rather than a more substantial 50bp reduction. The decision follows softer-than-expected inflation data and aims to preserve room...
Why the market has quickly soured on the China-stimulus trade
China needed to show up with a double-barrelled bazooka this week and it only had one.Monetary policy delivered with a handful of impressive measures including rates cuts, shifts in reserves, financing for real estate buybacks and looser borrowing rules.That was a...
US sells 5-year notes at 3.519% vs 3.519% WI
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 a $70 billion and 5-year notes at 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,...
Russian Putin: Current military – political situation is changing dynamically
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,...
European major indices close the day in the red
The major European indices are closing the day lower. The declines were led by France's CAC which fell -0.50%: German DAX, -0.39%France's CAC, -0.50%UK's FTSE 100 -0.17%Spain's Ibex, -0.38%Italy's FTSE MIB -0.12%As London/European traders head for the exit, US...
EURUSD sellers push the pair lower into the European close
The EURUSD is moving lower as London/European traders look toward the exits. After running above the 1.1200 level in the early US session and extending to new highs for 2024 in the process, the price has shifted to the downside over the last three hours of trading....
Generative AI breakout: Three reasons why Nvidia shares are climbing higher
NVDA dailyShares of Nvidia rose 4% yesterday and are up another 3% today in a market that's otherwise flat. Is that a tell?Here are three very simple reasons that I think it is:1) ChatGPT voice advanced was released todayI've been using ChatGPT voice for awhile and...
Hurricane Helene expected to make landfall in Florida on Thursday evening
Hurricane Helene has strengthened into a hurricane and is projected to make landfall along Florida's Gulf Coast late Thursday as a major Category 3 storm. With maximum sustained winds expected to exceed 111 mph, Florida has declared a state of emergency and initiated...
More geopolitics: France and the US are working on cease-fire proposals
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: Israeli has been striking all day to prepare the ground for possible entry
Israelis Army chief has told troops that Israel has been striking all day to both prepare the ground for possible entry, and to continue to degrade Hezbollah. Meanwhile in any separate report, the is leading efforts to end hostilities in Gaza and Lebanon:Deal would...
USDCAD reached a new low going back to February 24
The USDCAD moved sharply lower this week despite comments from Bank of Canada's Macklin yesterday that the central bank had made progress on inflation and that it was reasonable given the continued progress in reducing inflation for further rate cuts. Nevertheless,...
US crude oil inventories for the current week -4.471M versus -1.354M 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,...
Oil inventory data do at the bottom 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,...
US new home sales units for August 0.716M vs 0.700M estimate
Prior month +0.739M revised to 0.751MHome sales % change MoM -4.7% versus +10.3% last monthHome supply 7.8 months versus 7.3 months priorMedian sale price -4.6% to $420,600The 30 year mortgage rate has come down to 6.13%. Earlier today, mortgage applications increased...
Tech sector mixed: Nvidia shines, Apple retreats in today’s market
Stock heatmap by FinViz.com Wed, 25 Sep 2024 13:46:08 GMTMarket Sector Overview: Diverse Performances and Key TrendsThe US stock market presents a mixed picture today, with divergent trends across tech, healthcare, and consumer sectors. Utilizing the stock market...
Mixed open for 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,...
The song remains the same in the USDCHF as the ups and downs continue
The technical story remains the same for the USDCHF as it remains between support and resistance between 0.8400 and 0.8537. In between sits a cluster of moving averages. Those moving averages come between 0.8466 and 0.8475. The current price is trading near the low of...