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...
US stocks are marginally lower ahead of the open today
US futures in the major stock indices are implying a lower open - but only marginally. Dow industrial average futures are implying a gain of 1.25 points. Yesterday, the index closed at a record levelS&P index is down -2.75 points. Yesterday the index rose 14.36...
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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 EURUSD and GBPUSD traded to a new year high. The USDJPY retraced most of the declines
Both the EURUSD and the GBPUSD traded to new 2024 highs but at different points of the day. For the EURUSD it is extending above the 1.12000 level over the last few minutes of trading. That takes the pair to the highest level going back to July 2023 when the price...
ForexLive European FX news wrap: Dollar steadies after fall yesterday
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures flatUS 10-year yields up 2.4 bps to 3.760%Gold flat at $2,655.73WTI crude down 0.7% to $71.05Bitcoin down 1.0% to $63,603It was a quieter session but there were some decent...
Oil Futures Technical Analysis
Light Crude Oil Futures Technical Analysis – Key Junction at $70.3Hello, this is Itai Levitan at ForexLive.com, bringing you a technical analysis on Light Crude Oil Futures (Ticker: CL). As expected and communicated in my last oil technical analysis, the current...
US MBA mortgage applications w.e. 20 September +11.0% vs +14.2% 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,...
GBPUSD Technical Analysis – The USD weakness sends the pair to new highs
Fundamental OverviewYesterday, the US Consumer Confidence report surprised to the downside with one of the largest drops since 2021. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the...
EURUSD Technical Analysis – The greenback continues to get beaten up
Fundamental OverviewYesterday, the US Consumer Confidence report surprised to the downside with one of the largest drops since 2021. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the...