The USD is tilting lower in the US session and that has the USDCAD and the USDCHF moving below a technical level increasing the bearish bias at least in the short term.For the USDCAD, the price has moved below the 200 hour MA at 1.3977 and also the 2022 high price at...
IAEA says Iran has agreed to stop producing near bomb-grade uranium
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Trump is expected to reward Lutnick with Commerce chief position (or is it a reward).
Howard Lutnick has been helping to run the transition team for Pres. Trump and Punchbowl is now reporting that Trump is set to name him the head of the Commerce Department. Lutnick had been lobbying for Treasury Secretary with Elon Musk supporting him as well.However,...
How will Tesla benefit from Trump’s presidency?
The biggest beneficiary of the U.S. presidential election results isn't the cryptocurrency market, especially Bitcoin, which surpassed a record $93,000 just last week, but Elon Musk.He put himself in a difficult position by supporting one of the candidates. If his...
Walmart shares at record. Comments from major US retailer gives heartbeat of the consumer
It is not thought to be a Mag 7 but it does show the heartbeat of the US consumer. Walmart announced earnings today and beat on both EPS and Revenues. Below is a summary of the numbers:Q3 2024 Adj. EPS: $0.58 (beat expectations of $0.53)Q3 2024 Revenue: $169.50...
Atlanta Fed GDPNow for Q4 up to 2.6% versus 2.5% previous
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What are the technicals driving the EURUSD , USDJPY and GBPUSD in trading today?
Price action is volatile but contained in the three major currency pairs as a markets digest geopolitical risks:EURUSD: The EURUSD is trading between support near 1.05158 and resistance near 1.0610. The price is trading near 1.0585 as buyers and sellers panel between...
retail stocks surge while tech faces headwinds
Stock heatmap by FinViz.com Tue, 19 Nov 2024 14:46:13 GMTSector Overview📈 Consumer Defensive: Discount retailers are the highlight today, with Walmart (WMT) seeing an impressive gain of 2.97%, indicating robust consumer spending in cost-effective retail.📉 Technology:...
Major US stock indices are lower but off their lowest premarket levels
The major US stock indices are opening lower but not as low as premarket levels. In premarket trading, the S&P index is down over -50 points. The NASDAQ index is down over -200 points and the Dow industrial average was down over -500 points, and geopolitical...
Walmart:We are concerned significant increase in tariffs could lead to increased prices
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US indicated it will not respond to Russia’s nuclear doctrine move
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US stocks remain under pressure in premarket trading. Geopolical concerns with Russia.
Major US stock indices remain under pressure as concerns about geopolitical risks from Russia continue to weigh on the markets:Dow -504 point S&P index -56.87 pointsNASDAQ index -204 pointsRussia's Lavro is saying Ukraine's attacks against Russia's border region...
ECB’s Panetta: It is not blasphemy that rates could go below neutral levels
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US housing starts for October 1 311M vs 1.330M estimate
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Canada CPI inflation for October 0.4% versus 0.3% MoM
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US building permits, housing starts, and Canada CPI scheduled for release
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What technical levels are in play for the major FX pairs vs USD to start the day (Nov 19)?
Russia's Kremlin said that the updated nuclear doctrine signed by Putin is a very important text. Putin warned that Russia reserves the right to use nuclear weapons in an event of aggression. The US gave Ukraine permission to use long-range US missiles inside of...
Forexlive European FX news wrap: Ukraine’s use of ATACMS missiles triggers some risk-off
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GBPUSD Technical Analysis – The market needs more to push into new lows
Fundamental OverviewLast week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025.This might be a signal that the...
ECB’s Muller: I don’t see a reason to move in bigger steps now
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