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,...
EURUSD finds willing sellers at the 100 hour MA
The EURUSD moved higher to test the 100 hour MA, but did find willing sellers. The flash PMI was weaker but the inflation data was higher with S&P Global saying, the "prices charged for goods and services are both rising at the fastest rate support six months"....
Tech sector stabilizes: Microsoft slides while Nvidia and Meta rise
Stock heatmap by FinViz.com Mon, 23 Sep 2024 13:46:06 GMTSector OverviewThe US stock market heatmap today highlights mixed performances across various sectors. The technology sector is showing neutral to positive movements with Nvidia (NVDA) gaining 0.30% and Meta...
US September flash S&P Global Services PMI 55.4 vs 55.2 expected
Prior was 55.7 (best in two years)Manufacturing 47.0 vs 48.5 expectedPrior manufacturing 47.9Composite 54.4 vs 54.6 prioraverage prices charged for goods and services rising at the fastest rate since MarchRates of selling price inflation moved up to six-month highs in...
Major US indices trade mixed to start take new trading week
The major indices are trading mixed to start taking new trading day and the new trading week: Dow industrial average -2.89 points or -0.01% at 42060.47S&P index up 5.69 points or 0.10% at 5708.24NASDAQ index up 23.13 points or 0.13% at 17971.45.The small-cap...
The market is too optimistic on the euro – Deutsche Bank
EURUSD dailyDeutsche Bank expects the euro to fall back to 1.08 by year end.They mainly take issue with the dollar side of the trade, noting that most G10 central banks are priced to converge to a terminal rate of around 2-3%. By virtue of the Fed having the most to...
Kickstart the trading week with a technical review of the EURUSD, USDJPY and GBPUSD
Weaker flash PMI data sent the EURUSD and GBPUSD sharply lower in the European session, but while the GBPUSD retraced all this declines, the EURUSD remains lower.Technically,, the EURUSD fell below its 100 hour moving average of 1.11382. Recall on Thursday and Friday...
Canada August new housing price 0.0% vs +0.2% 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,...
Fed’s Bostic: The range of views about the path forward is robust
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 Bostic: Recent dots show a fair amount of dispersion in opinion at the Fed
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 Kashkari: Expects smaller steps going forward from the Fed
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 Kashkari: We won’t declare mission accomplished on inflation
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 Bostic: I supported a 50 bps cut as a compromise
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,...
ForexLive European FX news wrap: Euro marked down by PMI data misses
Headlines:Markets:AUD leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 2.3 bps to 3.750%Gold flat at $2,622.69WTI crude up 0.4% to $71.31Bitcoin down 0.1% to $63,489The focus of the session was on PMI releases in...
Fed’s Kashkari: 50 bps rate cut was the right decision
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,...
Heads up: A pre-recorded speech from Fed chair Powell is on the agenda this week
AI imageThis is just a bit of a heads up as the economic calendar on Thursday will be highlighted by a speech from Fed chair Powell. He will be delivering the opening remarks at the 10th annual US Treasury Market Conference. However, his remarks will be ones that are...
UK September CBI trends total orders -35 vs -21 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,...
USDCHF Technical Analysis – Approaching the top of the range
Fundamental OverviewLast week, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of a risk management move with the dot plot...
US Presidential Elections: What are the Implications for Crypto
The U.S. presidential elections are arguably the most significant political event globally. Analysts are nervously monitoring the campaign, trying to figure out the possible implications for global risk assets. In this article, Octa aims to investigate how the result...
UK September flash services PMI 52.8 vs 53.5 expected
Services PMI 52.8 vs 53.5 expected and 53.7 prior.Manufacturing PMI 51.5 vs 52.5 expected and 52.5 prior.Composite PMI 52.9 vs 53.5 expected and 53.8 prior.Key Findings:Flash UK PMI Composite Output Index(1) at 52.9 (Aug: 53.8). 2-month low. Flash UK Services PMI...